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We understand
that buying a
home can be an overwhelming process. Let us help you
to make
this exciting and easy by filling out this simple online form.
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You've Decided to Buy a Home!
Buying a home is more than looking at houses. It's finding the
right home, at the right price, in the right location. Hopefully,
with a minimum amount of time and inconvenience. The best way to
achieve these objectives is to work with a professional realtor
who understands your needs and wants, your time frame and the financial
boundaries to work within.
Selecting a Sales Associate
It is important that the salesperson understands your needs. A
good salesperson will define your needs before they start to show
you homes. Questions you should ask a salesperson when making your
selection:
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Will you be representing my interests?
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Do you have access to M.L.S. information? |
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Would you provide market evidence to support the
price? |
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Will you look after the details to closing and
possession? |
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Can you be contacted at any time? |
A Sales Associate's Function
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Provide information on the property.
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Provide information on the area. |
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Negotiate a price and terms, agreeable to
buyer and seller. |
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Assist in arranging a source of financing.
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Working With a Sales Associate
Let
the salesperson do the searching. The best buys are not in the newspaper
ads. In fact, most opportunities are on "hot sheets" available
every morning to salespeople with access to M.L.S. information.
Once you connect with a salesperson they can do a more complete
search for you. A salesperson will commit time to you if you will
commit loyalty to them. If you play the field, you cannot expect
undivided attention.
Buyer's Contribution
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Provide details of your property needs.
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Describe what would be a suitable location. |
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Provide financial information. |
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Communicate your likes and dislikes on each property.
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Commit to the salesperson. |
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Respect and perform the terms of the purchase
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Working together as a team, with a professional salesperson you
respect, should achieve those objectives you seek - the right home
for you.
Establishing a Market Value
Market
value is based on what others have been prepared to pay for a similar
property, under the same market conditions after reasonable marketing
exposure. Market value is a fair price for both buyer and seller.
It is what is called an "arms length" deal, and that means
that there were no influences other than the market influencing
the deal. You may of course pay more than established market value
if your desire for the property warrants it. Conversely, you should
not expect to pay less than established market value unless the
property is being sold under duress.
Qualifying For Your Mortgage
Once
you've made up your mind to buy a home, the first question that
comes to mind is, "How much can I afford?" The financial
aspects of buying a home do not need to be confusing. Your Royal
LePage salesperson can arrange to have you pre-qualified for a loan
before you start shopping. Most lending institutions will only allow
approximately 30% of a person's income to support a mortgage. They
will usually not allow more than approximately 40% of income to
support a mortgage together with other debts. The amount of money
you qualify for, plus the amount of cash you can put down, will
equal the amount you can afford to spend on a home.
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