Real Estate Straight Talk

HOME BUYER STEP #2:  In case you haven't read, Home Buyer Step #1, go back and read it first, then come back to this post.  Step #2 for a Buyer is to choose a very qualified, experienced, knowledgable Buyer Agent to walk you through each step of the process through, and after, closing.  It doesn't matter whether you've bought many properties in the past or this is your first, your Personal Buyer Agent is one of the most important decisions you'll make to keep the process on track and get to closing as smoothly as possible.  Don't just pick up the phone and call the first person you see in an ad, online, in the newspaper or on a sign in the yard.  Do some research to see what additional training this Agent has to best serve their clients' needs - YOU.  One way to determine that is by the Designations, Certifications, Accreditations they have earned.  If they've earned these levels of training and experience, they will proudly display them by their name.  You'll see another post on my blog (WHAT THOSE LETTERS AFTER AN AGENT'S NAME MEANS TO YOU) about the letters following an Agent/REALTORĀ®'s name so you'll have a better idea of the expertise they actually hold.  An important Accreditation to look for as a Buyer is the ABR, which means this Agent is an Accredited Buyer Representative.  They have attended classroom and/or online training to address issues any Buyer might experience during the buying process.  It helps them with their problem-solving ability and often more importantly, their problem prevention ability.  You won't regret taking the time to search out the best of the best in Buyer Agent Representatives by those that proudly proclaim by their name the letter ABR.  To find an ABR anywhere in the country, go to http://www.rebac.net/buyers-rep and search by the location (state and city or county) where you'll be buying.  There will be a list of all the Agents that hold this very special qualification.
Posted by Debo Cornett on February 19th, 2016 8:45 PM
HOME BUYERS' STEP 1:  I have Buyers ask all the time "What should I do first?"  My answer is ALWAYS "Talk with a lender who can give you a realistic picture of how much you can afford."  Once that's been done, we know our search limitations.  This is the most helpful bit of information to get things going and keep them moving toward getting into their new home more quickly.  Once a Buyer knows how much they can actually spend on their new home, their Buyer's Agent will look for properties fitting their specific needs only within that price range (possibly slightly higher to accommodate negotiations).  This also allows a Buyer to narrow their search.  Looking at everything that's currently on the market can be very overwhelming, so narrowing search parameters, prevents Buyers from  being distracted by all the properties that don't fit their needs.  One of the most painful experiences for a new Buyer is they find a property that fits everything they want and need, and after falling in love with it, they discover they can't afford to purchase it because their first step was to look at properties they like, not determining their ability to buy.  So make an appointment with a home loan lender and get started on finding your new home.  If you don't know who to call, contact me, or your Buyer Agent, to get suggestions.
Posted by Debo Cornett on February 18th, 2016 11:54 AM