Realtor Desired
Do you really need to hire a real estate professional to help you buy a property? It depends if you have the time. A real estate professional brings the Experience, Contacts, and sources of information to get the job done right. Without a real estate professional would it go as smooth as it could? Would it give you more time with our family? Would you be able to negotiate a better price? The buyer's professional agent does a lot more than find a property to earn their commission:

Pre-qualification

You need to determine your buying power. Buyer power is defined by your financial reserves plus your borrowing capacity. This keeps your search goals realistic. Given information about our available savings, income and current debt, a real estate professional can refer you to the best-qualified lenders to help you.

Selecting The Right Property
  • Target your searching. There are thousands of properties for sale. A real estate agent can help you focus on the ones that meet your budget and requirements.
  • Knowing where to look. Sometimes the home you are seeking is available but not publicly advertised. Realtors have many resources to assist you.
  • Being objective. Only you can make the final decision of the right property. A real estate professional can provide objective information about each home (neighborhood data, utilities, schools, zoning, etc.) so your decision is well informed, considering today and a future resale.

Negotiating

Negotiating concerns much more than just agreeing to a fair price. Some of these other issues might be:
  • Terms and Financing.
  • Date and Possession.
  • The inclusion/exclusion of repairs or furnishings and distribution of incidental costs.
  • Time for inspections before you are bound to complete the purchase. A real estate professional can advise you to which inspections are required or recommended.

Monitoring
  • Managing the daunting amount of steps. The process of appraisals, inspections, and financing involves a lot of possible challenges. Many required legal forms and processes need to be completed and the process managed correctly.

Renegotiating and Closing/Settling
  • Experience reading and following complicated escrow instructions. Your Realtor is the best person to objectively help you understand these issues and move the transaction to closing/settlement.
  • Organizing inspectors and other professionals involved in the transaction. Your Realtor can meet and negotiate regarding repairs needed to complete your contract. Industry contracts provide great resources for other professionals in many areas with knowledge as to there past skill and reliability.

$ Who Pays What $
The Buyer generally pays :
  • ½ Owners title insurance
  • Lenders title insurance
  • ½ Escrow fee's

  • Notary fee's if applicable
  • Property tax proration
    (From date of acquisition)

  • Special delivery/courier fees
  • ½ document preparation fees
  • ½ document recording fees
  • Inspection fees according to contract (Termite, roof, property, etc. section 2 repairs)
  • Matter of record against the buyer (Tax liens, judgements, etc.)
  • Other prorations (rent, water, etc.)
  • Fire insurance premium for first year.
  • ½ water test
  • ½ sewer test
  • ½ Natural hazard disclosures
The Seller generally pays :
  • ½ Owners title insurance
  • Real estate commissions
  • ½ Escrow fee's
  • County transfer tax ($1.10 per 1,000 of sales price)
  • Notary fee's if applicable
  • Property tax proration
    (To date of acquisition)

  • Special delivery/courier fees
  • ½ document preparation fees
  • ½ document recording fees
  • Work/ repairs according to contract (Termite, roof, property, section 1 repairs, etc.)
  • Matter of record against the property/seller (loans, tax liens, etc.)
  • Other prorations (rent, water, etc.)
  • ½ water test
  • ½ sewer test
  • Sewer repairs
  • ½ Natural hazard disclosures
These charges are approximate and are not set in stone. They can be changed by buyer and/or seller in the purchase contract or counter offer. Some of the above charges may not apply to every property.
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