Buying a home will probably be the biggest purchase and investment of your life. Therefore, you want to be sure you are working with a qualified professional REALTOR® as you begin your home buying process. Fisher Real Estate and Property Management is well versed in assisting Buyers through the many steps of purchasing a home and would be pleased to assist you as well.
The first two steps of the process are interchangeable, but both very important. The first step is to sit down with your REALTOR® to familiarize yourself with the process and discuss the details of what you are looking for in a new home. Meeting with a lender early on in the process will save you time and could save you from disappointment later. Nothing is more disappointing than finding and falling in love with a house, only to find that it is out of your price range.
It is important for buyers to discuss the compensation of the buyer’s representative’s in the initial interview. In many cases, it is recommended that the buyer and the buyer’s representative agree to terms of compensation prior to viewing properties, and sign a written agreement based on those terms. The agreement should lay out the responsibilities of both parties throughout the process.For a buyer to be represented by a Buyer’s Agent, both the buyer and the agent must sign what is called a Buyer Agency Agreement in order for the agent to be able to represent the Buyer and to look out for the buyer’s best interests throughout the transaction.
As a Buyer, you certainly want to be well represented during such an important purchase transaction. After all, this is probably the single most expensive decision you’ll make…do you want to go into it on your own, especially when the seller has someone looking out for them?