Why Use Preferred Residential?
There is a lot that goes into bringing a real estate transaction together and you have a lot of money on the line. Having an experienced professional on your team is now more important than ever. Our buyer’s agents will help make your search for a new home more efficient, we will help you determine and negotiate a fair price, and we will help you write and understand all of the paperwork involved in a real estate transaction. Preferred Residential agents will also help walk you through such important items as getting pre-qualified for a loan, understanding escrow and closing costs, connecting with valuable resources such as moving companies, utilities, repair contractors and landscapers.
Buyers often incorrectly assume that the listings they see on sites like Zillow and Trulia are accurate. They are seldom accurate. A Realtor® has access to the most up to date listings available. An experienced agent has also shown hundreds of houses with buyers just like you and can help you narrow down your search parameters after looking at just a few houses with you. That will save you countless hours of driving around town looking at houses that look good in pictures but in reality aren’t something you want.
Sure, most home buyers would be able to negotiate a price that they would be happy with but that’s not the end of the negotiations. It is when you find out that the hot water heater is failing or half the outlets in the living room don’t work or you tell the seller that you can’t stand the wood paneling and window treatments that negotiations can get sticky. Real estate agents negotiate home sales and purchases on a regular basis and can help you negotiate compensation for these things.
Part of the Realtor’s® role in negotiating is as a buffer between you and the seller. Some sellers will tell you to take a hike if they think you aren’t showing enough appreciation/respect for the house they love. Having someone on your team between you and the seller can also prevent you from saying something in the heat of the moment that the seller doesn’t need to hear whether it be an emotional reaction or a financial slip-up.
Most home buyers don’t have access to the most up-to-date sales data to be able to determine what a house is worth. Your real estate agent does. Not only does she have access to that data but it is likely that she has been in a number of the homes that have sold in your desired neighborhood. This knowledge will allow her to use more than just data to determine a fair offer price that 1) will be competitive in a multiple offer situation, 2) won’t offend the seller because it is so low or 3) isn’t too high based on the current market and condition of the home.
The best way to prove to home sellers that you are a serious buyer is to have an approval letter from your lender. Not a pre-qualification letter but a pre-approval letter that states your lender has verified your income and expenses and based on the information you gave them they are willing to lend you money to buy a home. A mortgage pre-approval will also determine how much money you can spend on your new home and help keep you from wasting time by looking at homes that are out of your price range. Having this letter from your lender will be an important part of any offer you make.
Are you getting ready to shop for your first home? We can help you navigate the ins and outs, the ups and downs of buying your first home with some easy guides for choosing the right real estate professionals to help you, setting reasonable expectations for your home search and finding a home to buy.
Homes For Sale
Start your new home search now by clicking one of the links below. Each search can be modified to filter for the number of bedrooms, number of bathrooms, square footage, acreage, and city.