Buyers Guide

Why Use a Realtor

1.-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.

2.-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?

3.-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.

4.-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


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


Listing AgentForms legal relationship with the homeowner to sell the property. Buyer’s AgentWorks with the buyer to locate a suitable property and negotiate a successful home purchase


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


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


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


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

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