Meeting Your Needs
HAVE A BUYER'S AGENT BE YOUR GUIDE.......
Ready to house hunt? True to their name, buyer's agent represents you and not the seller.
They can save you tons of time and money searching for your new home.
- After determining what you are looking for, your agent would actively look for the right property, schedule showings and explain the ins and outs of various neighborhoods.
- Buyer's agent will furiously negotiate on your behalf and keep you updated of the entire process.
- Recommend other proffesionals, who can help you expedite each step of the process and move you to a succesfull real estate transaction faster.
- When the inspection report or appraisal brings unexpected issues to light, your buyer's agent is there to help you navigate through the situation and advise you of the best solution. This is the time, when negotiations can become heated and it is extremely helpful to have a professional guidance on your side.
- Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your search, don't forget that there will be other costs associated with your purchase than just the selling price of the home. Here are various fees to keep in mind as you begin to set up your maximum budget.
- Home inspection. This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs or replacements. Generally, you can expect to pay between $300 to $500 depending on the size of the home and the location and what type of inspection you choose.
- Title services. Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one will pop up with a claim to the property. Additionally, you may need to buy title insurance which will protect the lender or your investment in the home.
- Appraisal fee. Before getting a loan, you will likely be required to get an appraisal of the home to determine its estimated value. This will be conducted by a third-party company and the cost can land anywhere between $300 and $1,000, depending on the size of the home.
- HOA fees. Many communities have a homeowners’ association that enforces monthly fees. This money is used for general maintenance and updates to areas like pools, parks, and more. HOA fees can range between $300 - $1,000 per month depending on the type of amenities they offer.
- Taxes. The taxes each buyer pays at the closing table differ, but it is not uncommon for it to be up to two months’ worth of county and city property taxes. Additionally, there may be taxes for the transfer of the home title.
- And finally, lender's fees. Each lender charges differently and therefore it is extremely important to have this conversation with your mortgage broker beforehand to avoid any unwanted surprises. I would gladly pass along a recommendation for a qualified and easy to with local lender.
