Top 10 Reasons you should Always have a Broker represent You:
1. As a renter, buyer or seller your broker is working for you, to help represent you and guide you!
We can also help find the best options for your situation.
We can also help find the best options for your situation.
2. It doesn't cost you anything to have a broker represent you its included in the lease or sales price. On average brokers get you a better deal and we make sure no hidden items are in the contracts and go through it all very carefully to protect you.
3. Do you think you save money by not having a broker represent you?
4. If you go it on your own and don't have a broker to represent you as the buyer or renter, the price does not change and you do not save any money if that's what you thought.
5. As a property seller on average brokers get more for sellers which offsets any commissions and saves you time & effort. If you go it alone a potential buyer will want a large discount. Realtors benefit you as we are a large network that cooperate to help market and sell your property across many channels.
6. A sellers agent and a buyers agent split the commissions between them, this was put into place to protect you the buyer and seller. Don't give up your right to be represented.
7. As the buyer do you think the seller or their agent are out to help you? They are trying to get their property sold and their agent works for the seller and trying to sell their property for them at the best possible price.
8. Your Broker representing you will coach you on what you need to keep an eye out for and what to pay attention to.
9. Your broker will negotiate on your behalf, they will have years of experience and work to your advantage!
10. You will save time, effort and gain peace of mind that the transaction is completed accurately and all the details are looked after!
Make sure to Always check an Agent or Brokers Licensing details and see how long a broker or agent has been in business.
Make sure to Always check an Agent or Brokers Licensing details and see how long a broker or agent has been in business.
How Rates Work
- Real Estate interest Rates are based on many things the most important in order are: A. your Fico score, B. your income and C. the value of the property (An Appraisal is almost always needed).
- Interest rates change every single day while financial markets are open.
- Real Estate finance rates move with the financial markets, and specifically correlate to the 10 Year US Bond.
- You must lock your interest rate and lock it for a specific time typically: 30, 45, or 60 days while your trying to close.
- If you don't lock the rate it can go up or down with the markets and cost you.
- Rates are calculated based on many different items including whether the property is a condo or home, land, or commercial, primary residence, secondary home or income producing property, etc.
- Rates are also based on the proof of income used to qualify.
- Some loans require only limited documentation to qualify but usually have higher rates but easier to qualify for.
- The Federal reserve tends to dictate rates by either raising rates, lowering rates or holding steady.
- Many other market factors contribute to US real estate interest rates including: bonds & equities, inflation rates, currency rates, Foreign Credit markets, etc.
- Remember when you look for financing many factors contribute to what you actually qualify for and the more documentation you provide the more accurately we can help qualify you.
Documents most often needed to Qualify for Financing:
A Completed Loan Application
Pay stubs for last 30 days for all borrowers
W-2/ 1099 forms - income for last 2 years
Tax Returns - 2 years, all schedules
Checking/ retirement account info.
Bank statements
Purchase agreement/ deposits into escrow
Real Estate Insurance info.
Photo Id & SS cards
Written explanation of credit anomalies
Other documents possibly needed
A Completed Loan Application
Pay stubs for last 30 days for all borrowers
W-2/ 1099 forms - income for last 2 years
Tax Returns - 2 years, all schedules
Checking/ retirement account info.
Bank statements
Purchase agreement/ deposits into escrow
Real Estate Insurance info.
Photo Id & SS cards
Written explanation of credit anomalies
Other documents possibly needed
Property Inspections & Appraisals
- Always get both inspections & appraisals - but they are for different reasons.
- Inspections should be conducted by licensed inspectors only. Appraisers must be licensed too.
- Inspections in most cases are ordered to understand the function and guarantee against any potential issues or problems.
- Sometimes additional inspections are needed by specialists for example a roofer, electrician, or HVAC inspector.
- An appraisal is ordered for financing in most cases but can help sellers or owners get an idea of the value of their property. Remember the appraisal can be much different than the sales price or closing price.
- The appraisal is in most cases based on comparable properties that have sold within the past year.
- There are a few different ways to appraise a property value but the most common way is comparable properties and values based on similar size and features, proximity, etc.
- Real Estate brokers also provide an opinion of value to property owners for a variety of purposes - Broker's Opinion of Value
Easiest Ways to improve your Home or Condo
Consider New doors & locks, even keyless entry.
New Flooring and base boards
Lights and ceiling fans
Fresh coat of paint, don't get crazy stick to familiar soft colors. Outside & inside.
Appliances, sometimes it pays to upgrade & doesn't a new Stove or Refrigerator always improve a kitchen!
How about organizing a kitchen, closet or garage and adding shelves, hangers etc.
If your in a Condo or Apartment - look for ways to organize and make even more room.
Maybe think about the minimalist approach - less stuff, rid yourself of clutter, we only use 20% of everything we have anyway!
Technology is always improving - Many new cameras and video surveillance devices are on the market to counter package thief's and help protect and record your property.
New Flooring and base boards
Lights and ceiling fans
Fresh coat of paint, don't get crazy stick to familiar soft colors. Outside & inside.
Appliances, sometimes it pays to upgrade & doesn't a new Stove or Refrigerator always improve a kitchen!
How about organizing a kitchen, closet or garage and adding shelves, hangers etc.
If your in a Condo or Apartment - look for ways to organize and make even more room.
Maybe think about the minimalist approach - less stuff, rid yourself of clutter, we only use 20% of everything we have anyway!
Technology is always improving - Many new cameras and video surveillance devices are on the market to counter package thief's and help protect and record your property.
-Get an Advantage!
- We're here to help!
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