Adirondack Country Homes Realty Inc.
Serving the ENTIRE Adirondack Park
REAL ESTATE 101 - BUYER'S AGENT
We believe that an educated buyer is a smarter buyer!
When making a home purchase, you are in many cases making the largest single investment in your life. Do you want to make that investment knowing that the selling broker, as well as the broker that is showing the property to you is representing both the SELLER'S INTEREST?
Did you know that when you simply walk into a real estate office and say "I'd like to see such and such properties" that you are only a CUSTOMER? That Broker still remains an agent for the SELLER, NOT YOU.
Agents can represent either the seller or the buyer (or both under some circumstances). If you are buying, we prefer to represent you directly, as your Buyer's Agent, or Exclusive Buyer's Agent. Your interests become our interest. We are dedicated to negotiating the best deal on the property you are interested in, and are acting on your behalf. In short, we are LOYAL TO YOU!
Simply put - A seller's agent represents the seller. A buyer's agent represents the buyer.
All it takes for that agent to become your buyer's agent is to check off a different box on the disclosure form. That's it! From that point on, that agent is your agent for all MLS offerings; i.e. your buyer's agent.*
Whatever services you choose from ACHR, we will take the time to explain all of the various options you have, whether you are a Buyer or a Seller. If you are relocating from a different area, do check out our helpful relocation tools (click here) or ask any of our agents. Adirondack Country Homes Realty Inc. is here to make sure that your purchase or sale of Real Estate is a pleasant and rewarding experience.
* Buyer agency services provided for ACHR listed properties, will require the approval of the seller of that property. An ACHR agent can be assigned as a designated agent only with the approval of the seller. Please contact us to explain how this can work for your particular needs.
Simple & Effective Wise Hints
"PREQUALIFY, PREQUALIFY, PREQUALIFY"
A Buyer's Agent can't stress enough to come to the negotiating table with a simple pre-qualification letter. It's easy and quick and the Internet is full of sites that offer FREE qualification letters. A Prequal letter puts you in a stronger negotiating position when you present an offer; and also protects the family's budget.
The typical contract includes contingencies of: * building inspection * legal review * mortgage contingency. An building inspection can be from $300 to $800 depending on your needs. An attorney fee can be from $600 to $1000 if no complications arise. Mortgage application fees will include an appraisal fee, and other fees required from the bank. So, if you aren't qualified, you can expect to pay out some of these fees out-of-pocket before the bank gets to report "Dear Mr./Mrs., your credit mortgage line based on your credit and current expenses is $150,000." What happens if the home you decided to purchase is $229,000? Those out-of-pocket fees are spent, gone, vanished and you'll have to start the process over again with a new budget range.
Start your real estate prospecting with your Buyer Agent and get a Pre-Qual letter from a lender. Your Buyer's Agent will better be on track for your budget needs; and have some power behind any offer you finally present.
MORE WISDOM ....
Check that credit rating
You can get it FREE once a year at AnnualCreditReport.com. It is painless and very informative. To take advantage of the best mortgage rates, requires good credit. Perhaps, there is an easy fix from a lender's issue. Small adjustments to your credit can make the a major score on your credit score and a significant interest point adjustment on your future mortgage.
CREDIT CHECKED and NOT so great? No problem, ACHR is now offers you a great team to clean up your credit and secure a loan. Gerry at Continental Home Loans* or Chris at Plattsburgh Mortgage* can fit you in the loan of your needs.
Proverb Wisdom ...
“It’s alright to have butterflies in your stomach. Just get them to fly in formation.” Dr. Rob Gilbert