Arleen Boyd - THE HOME BUYER’S GUIDE

HOW TO CHOOSE THE BEST BROKER FOR YOUR NEEDS UR NEEDS

You might feel the urge to pick the first real estate Broker who appeals to or approaches you, but that’s something to avoid. As with any professional, there are degrees of professionalism, dedication, and experience. The “wow factor” will simply wear off. Meet with prospective Brokers in their offices. A good Broker will want to know whether you’re pre-approved for a loan by a financer, what kind, and the terms of the loan you’re getting. They should spend adequate time to discover what you’re looking for in a house. They should listen as much as talk and ask questions. Watch to see if the Broker makes notes. A good Broker will provide a home-buying education. The listing agent will point out all the features of a home. Competent Brokers help their buyers to think clearly as the home-buying process unfolds. For example, if a house is a good buy, a buyer’s Broker might suggest looking past the dated bathroom and kitchen and look at the space above the garage that will make the perfect art studio you desire. Likewise, a cute house with all the amenities but with knob-and-tube wiring or a 40-year-old roof might not be worth the asking price. According to the San Francisco Chronicle’s Home Guide, if you decide to buy with the intention of building an addition, the agent should advise you to check the zoning before making an offer. Agree to sign a buyer’s agreement after you have met with a Broker, and discuss the terms for payment, whether that's a negotiated commission structure or a direct payment from buyer to the buyer's Broker. A buyer’s Broker is legally required to maintain your confidentiality and disclose material facts to you.

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