Most folks don't know it but they will need a Realtor to assist them in making one of the most important decisions in their lives. A home is one of the biggest financial decisions one will ever make. An expert in the local real estate market will be right with you every step of the way. It is our job to know the things to look out for, on your behalf. We have a "fiduciary responsibility" to act on your behalf once we have an agreed upon business relationship.
The seller has their own agent and the buyer almost always has their own agent also. (The comission for both agents is covered by the seller.)
Our agent's promise to:
· Assure that you see all the properties in the area that meet your criteria.
· Guide you through the entire process, from finding homes to look at to getting the best financing.
· Make sure you pay the right price for your new home. As a real estate expert in this area, I help people negotiate and make home purchase decisions every day. I can help you avoid costly mistakes by performing a detailed analysis of the market value of the home.
· Answer all of your questions about the local market area. Not just about homes for sale, but about schools, neighborhoods, the local economy and more.
Let us help you find your dream home or investment property and assure that your best interests are protected throughout the entire process. Feel free to call or e-mail us with any questions you may have at any time.
Here's a Fun Tool - Sign up to be a "VIP Member" and be the first to know about the newest listings on the market, schedule viewings, and request additional information on any available listing.Tips For Buyers
The best way to make sure that you choose the right home is to properly prepare yourself. The purchase of a home is a tremendous investment, both monetarily and emotionally. Here are a few ideas to help the transaction progress smoothly and result in you being a happy homeowner. The process is all very exciting, but being prepared to look in the right place within the right price range is key.
The same care and consideration you give to finding the right house should be applied to your search for the right lender. For most home-buyers a major determining factor in selecting a lender is the cost of the loan. But how do you determine the total cost of a loan?
Doing Your Homework
While most buyers concentrate on interest rates, it is best to look at all the costs associated with a loan. Loans include the quoted interest rate, points and closing costs.
A number of fees are associated with the loan, including:
· Appraisal - A carefully documented opinion of value by a licensed, professional appraiser.
· Credit Report - A detailed report of your credit, employment and residence history prepared by a credit bureau.
· Principal - The amount owed on a loan which does not include interest or other fees.
· Document Fees, Loan Fees and Processing Fees - Miscellaneous fees charged by the lender.
· Discount Points - Points paid in addition to the loan origination fee to get a lower interest rate. (1 point = 1 percent of loan amount)
· Origination Points - the total number of points paid by the borrower at closing. (1 point = 1 percent of loan amount)
· Interest Rate - A percentage of a loan or loan value that is paid to the lender as compensation for loaning funds.
Using the Annual Percentage Rate (APR) to Compare Mortgage Loans
The APR was designed to help borrowers understand the relative costs of a mortgage loan. The APR takes into account the various fees associated with the loan, which is why it is often higher than the interest rate. Understand that not all lenders calculate a loan's APR in the same way. That is why this should be only one of the factors used in selecting the best mortgage for you.
Locking-in Interest Rates
Another factor to consider when selecting a lender is whether the lender will lock-in the loan interest rate and points. For more in-depth information about selecting a lender and mortgage, visit this very useful site: Online-home-mortgage.net - Online home mortgage loan and refinance information or give us a call and we will be happy to refer you to a local loan professional that we trust who can assist you through the process.
More Information - More Mortgage and Loan Calculators Which one to Choose? Budget Refinance
More Information - More Mortgage and Loan Calculators
Which one to Choose?