2016…
No, it’s not a sequel of the movie 2012.
It’s the average number of hours a first time home buyer spends searching before they buy their first home according to the National Association of Realtors.
Do you really want to do that work by yourself?
Yeah, thought you’d say that.
So it makes sense to find a Buyer’s Agent who can help. But not any random agent will do. You must find the RIGHT one for you.
And here are 3 great places to do that…
Family
Most times, family, friends or co-workers are the best people to refer you one. But if you are relocating to a new are, try this:
Internet Searches
Type the city you want to live in with buyer’s agent after it. For example, “Parsippany New Jersey buyer’s agent”. Also you can search agent’s profiles on Realtor.com and ActiveRain.com.
Or you can use the National Association of Exclusive Buyer Agents website at www.naeba.org.
Open Houses
Visit some open houses. While there, chat with the agents to find out if they know of any Buyer’s Agents in the area. If so, get their information and check them out on your phone while walking around the house.
Now, once you’ve found a good one, set up a meeting. But heads up…
Sometimes agents will e-mail you a Buyer’s Broker Agreement to sign beforehand. Don’t.
Instead, wait until you meet them face-to-face. And when you do, ask for a…
Short-Term Deal
The term of a buyer’s broker agreement is negotiable. Although many agents might request a 90-day commitment at minimum, you’re free to ask for a 24-hour, 7-day or 30-day term. It’s whatever you can negotiate.
Non-Exclusive Agreement
Most agreements provide compensation to the agent if you decide to jump ship and buy a home shown to you by another buyer’s agent…
So tell the agent, “Let’s spend the day looking at homes, and if I think we can work together, I will sign an agreement with you before we go out again.”
Also have them included a guarantee.
And make sure it says that if you decide the relationship is not working out or your personalities clash, they will release you from the agreement, and they can do likewise.
Well, there you have it: 3 great places for finding a Buyer’s Agent.
And I even tossed in some tricks for dealing with the contracts they will want you to sign (I always try to over-deliver).
Well, let’s stop here for now so you can start your search.
But do come back soon to learn tips on finding the right Loan Officer for you.
Until we meet again, take a few minutes to imagine…
What the first night in your new home will feel like … smell like … sound like … taste like …
Article Written By:
Bruce Waller- Mortgage Loan Originator
NMLS # 1002298
(267) 362-4002
bwaller@rhfunding.com
The views and opinions expressed on this web site are soley those of the original authors and other contributors. This is not a commitment to lend. All rates, fees and loan terms are subject to a formal loan application, credit risk, appraisal evaluation and other lending criteria. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.