Home Buying Assistance
Our sister company Pinnacle offers a Home Buying Assistance Program which provides a network of brokers who can offer you home and community information about your destination area. Our nationwide network of real estate professionals is experienced with the special need of relocation. They are familiar with your new community and can serve as a valuable information resource. Call (800) 331-3722.
Home Buying -
How To Begin
1. Check your credit report.
For a copy write to one of the following or order it
online. Checking it early in the home buying process will give you time
to make any corrections needed. Making corrections takes time; better
to be prepared now than surprised later.
You can obtain your Credit Report from
the following agencies or
you may order your Credit Report Online via Quicken!
TRW Complimentary Credit Report
P.O. Box 2350
Chatsworth, CA 91313
or Call (800) 682-7654
Equifax Information Service Center
P.O. Box 740241
Atlanta, GA 30374
Trans Union Consumer Relations
P.O. Box 390
Springfield, PA 19064
2. From the privacy of you own home find out how much loan you
can qualify for by calling a reputable mortgage company.
(Prequalifying gives you a buying advantage.)
3. Make a list of the important features and amenities you
want your new home to have.
Some items to consider are:
- Architectural style... one level, two story, Colonial or traditional
- New construction, resale home or a fixer upper.
- How many bedrooms, bathrooms
- What size and layout is wanted in your kitchen.
- What type of follow plan, open & airy or traditional
- Lot size... small lots, acreage
- One, two or three car garage.
- What type of floors, hardwood, tile, etc.
- School needs... public or private.
- Large pieces of furniture.. Antique dining room pieces, triple dressers,
- Measure your room sizes now and bring them with you are we preview
4. Rank these features in "Must haves," and ones
you will comprise on.
5. If buying a home with a spouse or significant other
here is a good tip. Create individuals list of "Must haves and then compare
the two lists. This will minimize any disagreements and narrow your search.
Using a Buyers Agent
|What is a Buyers Representative?
|A Buyer Agent is your advocate. They represent
only your interest and owe their loyalty & trust only to you.
|What are the benefits of Exclusive Buyer Representation?
- Loyalty - Must act in your best interest
- Obedience - Must follow lawful instructions
- Disclosure of all material facts:
- Relationships between agent and other parties
- Existence of other offers
- Status of earnest money
- Seller's financial condition
- Property's true worth
- Commission split with other brokers
- Legal effect of important contract provisions
- Confidentiality - All discussions, facts, or information
... with a responsibility of fairness and honesty in dealing with
- Accounting - Reporting where earnest money placed in
the hands of the broker is deposited.
- Reasonable skill and care - From assistance on determination
of purchase price to discovering material facts and disclosing
them to the buyer investigating the material facts related to
|What services does a Buyer Agent provide you?
- Helps you identify and examine the most important features for
your new home.
- Identify areas that meet your needs.
- Create a profiled search to help find your special home.
- Preview homes that fit your requirements to eliminate unsuitable
properties and maximize your home finding time. This includes
For Sale By Owner (FSBO and all new construction developments.)
- Assist in narrowing your choices for your new home by providing
a comprehensive Comparable Market Analysis on you chosen properties;
including school system information and any other data you will
need to make an informed decision.
- Assist you in structuring your offer and/or counter offer.
- Accompany you to a smooth closing.
- Coordinating any last minute details while you are settling
- Lastly, your agents loyalty and trust not just during but after
|How much will it cost me?
|Absolutely nothing 99% of the time.
|What about the 1%?
|If you contact a For Sale By Owner or an on-site builder
representative without identifying that you are represented by your
agent, you may be obligated to pay the brokerage fee. To eliminate
any confusion it is always best to work through me.
|Is it true that a Seller or
Builder will discount the price of the home if I don't have an agent?
||This is a common misconception. The Brokerage fee (or
commission agreement) is a totally separate agreement, than the sales
price of a home. The commission structure doesn't change even if the
sale price of the house is negotiated at a lower price. The listing
office receives the same commission rate, just at a lower price.
|What is your risk when buying a home without a buyers
- Future development plans not generally known to the public.
(future road construction, landfills, rock quarries, etc.)
- Sulfur in well water.
- Poor soil for septic systems.
- Material defects
- Building code violations
- Rezoning plans (Especially school systems)
- Paying too much for your
- Possibility of a seller misrepresenting their property.
|What do I have to sign to receive this representation?
|It's called an Exclusive Buyers Agency Agreement, the
time frame for representation is negotiable.
|So once I sign this agreement I get exclusive representation
from start to finish it will probably cost me nothing?
Signing an Exclusive Buyer Agency Agreement
is the best investment you can make. If you are serious about buying
a home, you need serious representation to find one. This agreement
is the best and safest way to accomplish your home buying goal!
Things to consider when buying a home
If you have to resell soon, don't buy an unusual home.
- Even if the quality of a school district doesn''
matter to you now, remember it might someday to another buyer.
- Expect lower maintenance costs with a brand-new
- Never tell a sellers broker how much you'll raise your offer for a
- When interest rates are low opt for a fixed
- Pay attention to floor plans. Changing layouts
of rooms later, can be costly.
- You can deduct on that years tax return points paid by either party
on the purchase of your own residence.
- If the present owner has a title insurance policy
less than 3 years old, you could have substantial savings by buying
a reissue of that policy rather than a completely new one.
- Pay attention to the original listing date of
the homes you inspect; Sellers tend to be more flexible in the price
the longer the home is on the market.
- A house that's sited to take advantage of the sun, the wind and the
typography costs less to heat and cool and can save thousands of dollars
over the years in utility bills.
- Buying a house whose style is uniquely individual
will probably minimize rather than maximize its resale value because
the house will appeal to a somewhat more limited number of potential
- If you think you may need more space in the
near future, be sure the house and lot will allow for expansion.
- Redoing a kitchen is likely to be expensive. So be sure of what you
need and want before you buy.
- Don't buy a house with foundation problems.
Although most foundation problems can be corrected, repair work is usually
- Before you buy a house that may have a wet basement
problem,get a good unbiased diagnosis from a professional with moisture
control experience. The solution could be costly.
- A roof that complements the style of a home and is carefully maintained
adds to the home's visual appeal and its resale value.
- A light-colored roof reflects heat and is best
in areas where air-conditioning is the greater energy user. In colder
weather climates, a dark roof is preferable because it absorbs more
heat. In temperate climates, a middle-range shade is best.
- The three most popular wall choices are brick,
wood siding and stucco. About half of all home shoppers prefer brick
for exterior walls; about one-third prefer wood siding; and about one-fifth
- Wood floors suggest warmth, quality and good taste and are an asset
when it comes time to sell a house.
- Most home shoppers prefer a combination of ceramic
tile and vinyl wallpaper as a covering for bathroom walls, creating
a positive effect on the house's resale value. Ceramic tile is usually
installed wherever water comes in contact with the wall.
- Plant deciduous trees, shrubs and vines on south
and west sides of the home to provide shade in the summer and sunshine
in the winter. Remember trees enhance the beauty and value of a lot
Taken from CENTURY 21, Guide To Buying Your Home.
Would you like to know more? Call 1-800-428-6683, or
send e-mail to firstname.lastname@example.org.