| Pre-Qualify
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| | data that is not usually accessible.
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| Should I Pre-Qualify First?
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| | Also, agents have the capability of
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| Pre-Qualifying is simply one of the first
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| | performing more detailed searches than
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| steps to buying a home. It costs you (the
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| | the average website.
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| applicant) nothing and it gives the
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| | Hotsheets
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| future buyer a good starting ground.
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| | What Are Hotsheets?
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| Pre-Qualifying allows the buyer to know
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| | Through a program that the MLS offers,
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| how much they can spend before ever
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| | Realtors are able to set up buyers with
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| spending time looking at homes.
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| | hotsheets that will send them information
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| It is especially beneficial because it
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| | about a home as soon as it is listed
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| can usually help a buyer uncover any
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| | according to their search criteria. For
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| credit problems that they may not have
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| | example, if a client were looking for
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| been aware of.
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| | homes near a golf course in the Salt Lake
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| I would like to Pre-Qualify Now
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| | Area, a hotsheet would send them the info
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| Realtors
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| | by email at the time of day that the
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| How can a Realtor help?
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| | client desires.
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| Times have obviously changed in the Real
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| | One reminder about working with an agent
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| Estate business. With the continuous
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| | is that it costs the buyer nothing. The
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| advances of the internet more buyers tend
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| | seller is the one that offers a
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| to surf the web for homes and narrow down
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| | commission to the agent that brings them
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| their choices before ever working with a
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| | a willing buyer. So why not use an agent?
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| realtor. Most people do not like to be
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| | Can I Afford a Home?
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| tied down to a realtor especially if they
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| | The potential buyer is obviously the best
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| don't already have a personal
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| | (or most important) judge of whether
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| relationship with them.
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| | buying a home is right for them. While
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| Before I talk about how beneficial a
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| | there are many benefits to getting away
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| realtor can be, allow me to address the
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| | from renting, it is important to know if
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| issue of Buyer-Broker Agreements. This
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| | it is the right time to buy. Personal
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| form is a very common agreement that is
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| | circumstances will alwaysplay a key role.
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| used by most realtors. The intention is a
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| | The only information I can share is the
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| very honest one. In short, brokers/agents
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| | financial. Typically, a debt to income
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| agree to help a client if the client
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| | ratio of at least 50% is preferred as a
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| agrees to only buy with them. It is a way
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| | minimum. So if a family's income is
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| to ensure that both parties are treated
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| | $3,500 a month, they would preferably
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| fairly. Unfortunately, it is not unheard
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| | have to pay less than $1,750 each month
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| of for this form to be abused.
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| | including their future home payments).
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| Occasionally, some realtors will have
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| | The best way to know what you can afford
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| their clients sign these agreements with
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| | is by getting pre-qualified for a loan.
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| alarmingly long expiration dates. This is
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| | This costs nothing and does not mean you
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| how buyers get tied down to using one
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| | have to get a loan.
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| realtor, whether they like the job that
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| | Closing Costs
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| they're doing.
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| | What Are Closing Costs?
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| At Wright Brothers Real Estate, we
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| | Closing costs at this point can only be
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| believe that the clients and realtors
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| | loosely estimated. While they can be a
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| should have a relationship that is based
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| | bit costly, it is also possible to
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| on trust and respect for each other.
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| | negotiate with the seller to have them
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| Generally a client will not be asked to
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| | pay a portion of the costs. To get some
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| sign any agreements until it is time to
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| | idea as to what is involved in closing
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| actually make an offer on a home. If for
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| | fees, I have listed a few good sites
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| any reason the contract on the house
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| | below.visit:
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| falls through before closing, the client
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| | Closing Fee Calculator
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| is released from their agreement and can
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| | Wikipedia Closing Cost Info
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| either continue to work with us or find
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| | Commissions
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| another agent. We believe that if the
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| | Often, in Utah, the commission paid is
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| client does not want to work with us at
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| | about 6% by the seller at the time of
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| any time, then we have not done our job
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| | closing. 3% goes to the listing agent and
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| correctly and they should be allowed to
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| | another 3% goes to the buyers agent (you
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| pursue other options.
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| | are "offering" this percent to the agent
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| Working with a realtor can be a very
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| | that brings a buyer.) This is the reason
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| beneficial resource when looking for a
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| | why it costs the buyer nothing to use an
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| home. While all buyers have access to a
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| | agent. These rates are not set in stone.
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| surplus of internet sites which list
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| | Which is one of the reasons that you see
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| homes on the MLS (Multiple Listing
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| | flat fee brokerages.
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| Service), a realtor can access additional
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|
