Sellers GuideWhy use a Realtor

  • Your REALTOR can help you determine your buying power- that is, your financial reserves plus your borrowing capacity. By giving your REALTOR some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you.
  • Your REALTOR can assist you in the selection process by providing objective information about each property. Agents have access to a variety of informational resources like local community information on utilities, zoning, schools, etc. There are two things your want to know. First , will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
  • Your REALTOR can help you negotiate. Buying a home requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page government- mandated settlement statements.
  • Since a home often symbolizes family, rest, and security, not just four walls and a roof, home selling or buying is often a very emotional undertaking. And for most people, a home is the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you keep focused on both the business and emotional issues most important to you

Key Professionals Involved in a Real Estate Transaction

REALTOR

Licenced real estate agent and member of the National Association of REALTORS.

  • Listing Agent Forms legal relationship with the homeowner to sell the property.
  • Buyer's Agent Works with the buyer to locate a suitable property and negotiate a successful home purchase

    • LOAN OFFICER

    Representative of a bank or other financial instutution. They help customers identify their borrowing options and help them understand the terms of their loan

    HOME INSPECTOR

    An inspector objectively and independently provides a comprehensive analysis of a home's major systems and components

    APPRAISER

    An appraiser works on behalf of a lender and provides a market analysis of the submect property.

    Who Pays for What?

    Under the Trec 1-4 Family Residential (Resale) Contract

    Buyer

    • Appraisal fees
    • Preparation of loan documents
    • Interest on the notes from the date of disbursement to one month prior to dates of first monthly payments
    • Recording fees
    • Copies of easements and restrictions
    • Loan title policy with endorsements required by lender
    • Loan-related inspection fees
    • Loan-related inspection feesExpenses incident to any loan

    Home Buyers Checklist

    Beginning to end:

    • Determine your budget
    • Research neighborhoods
    • Determine your must-haves
    • Attend open houses
    • Conduct an inspection
    • Get homeowners insurance
    • Complete a final walkthrough
    • Sign and revise documents

    Before you buy:

    • Gather up all documents
    • Get pre-approved for a mortgage
    • Determine your preferred location
    • Hire a reputable real estate agent
    • Create a list of musthaves/ deal-breakers

    Additional Tips

    If you're thinking of buying a home, there are a few tips to keep in mind. First, make sure you have a good credit score and enough savings for a down payment. It's also important to get pre-approved for a mortgage so you know how much you can afford. Research different neighborhoods and consider factors like commute times and nearby amenities. Don't rush into a purchase without getting a home inspection and understanding any potential maintenance or repair costs. Finally, consider working with a trusted real estate agent who can guide you through the process and help you find the perfect home for you.

    Things to look for

    When buying a home, it's essential to consider the LOCATION and the property's condition. The location should be convenient for your daily needs and have good access to transportation, schools, and amenities. The CONDITION of the property should be thoroughly inspected to ensure it is structurally sound and doesn't have any major issues that could be costly to repair.

    Best Neighborhoods in Fort Worth

    The best neighborhood in Fort Worth comprises all the above criteria listed in the home buyer checklist. The availability of easy commute, public or private, the best schools in Fort Worth, and amenities near your house, so you must never worry about traveling far. The houses generally consist of new constructions, making them structurally sound with permits of advanced levels to ensure the user is always comfortable in their new home.

    Safest Neighborhoods in Fort Worth

    An individual may demand the safety of themselves and their family. Homes are fostered in environments that are safe, secure, and enriching. Fort Worth is a place that encourages families to grow and communities to thrive.