First time home buyers are my specialty. I realized how important this generation is to the economy as my children began to purchase homes. Please speak with several Realtors before you choose one. Also - Realtors are your confidant and are paid by the Seller - not you. All homes that are listed for sale include our commission due the required training and licensing required in our profession.
Most Realtors have mortgage lenders and banks that they have a relationship with. Your Realtor will not only guide you in showing you homes, writing your offer and attend your Closing. We also communicate with your Lender, make certain your Option Fee and Earnest Money fees are documented in your offer. We have resources such as inspectors and repair folks in the event the home you find requires repairs from your Lender. In addition, you Realtor is the glue between you, the Lender, the Listing Agent and the Closing (Escrow Officer).
If you are considering purchasing a brand new home from a Builder, again, you want a Realtor to represent you. We are trained to get you the most home for the least amount of $$. The Builder's Sales Rep's are very encouraging when you visit them. However, once they have your signature and earnest money check, you will work with your bank or their bank. Builder contracts are LONG - sometimes emotion takes over and home buyers sign and initial where told and then experience "Buyer's Remorse" a day or 2 later because uncertainty sets in. Don't allow that to happen. Once you sign directly with a Sales Rep, a Realtor cannot assist you in the event you are not happy or "what was promised is not reality".
Keep in mind, down payment amount depends on the type of loan you qualify for, your credit score,debt to income ratio and underwriting requests (or conditions). Underwriting is a process no one, even your Lender can predict outcome.
Lucy A. Puniwai
(214)783-6416 â€“ Cell/Text
(682)224-8050 â€“ Fax
In God We Trust