YOUR FIRST REAL ESTATE PURCHASE
Your first purchase is one of life's most important milestones. We are here to help you choose what is best for you. Whether you shop with a Buyer's Agent or not, an agent for the Seller has already negotiated a fee to compensate a Buyer's Agent.
In recent marketing, buyers have been encouraged to shop around "without an agent to avoid paying a realtor's fee." We at Alcove would encourage you to do the same thing if it were not so misleading. Market knowledge is the key to locating the good deals...& that's our job!!
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A GOOD BUYER'S AGENT WILL:
TOURING NEIGHBORHOODS & PROPERTIES:
After we provide you with property lists in your budget range decide which properties are in the neighborhoods you prefer. Once you have made your selections, we will make the appointments at times that are mutually convenient. Together we will tour all of the property on your selection list until you find the right one. Finding the property is the easy part!
NUMBER CRUNCHING & DATA
As your Agent, our job starts when you find the right property for you, your family or for your investment. When you've made a final choice, we will prepare a Market Analysis to demonstrate a property's probable range of value.
The price you pay will depend on many things:
THE OFFER PROCESS:
When you are ready, we will help you make a written offer on the property you have decided is right for you. The offer will contain all terms, conditions and contingencies to protect your interests. For your protection, your offer should include any additional or specific concerns to be addressed in advance with language provided by your Attorney.
Possible negotiating strategies will be reviewed with you & you will receive our professional advice and guidance. Range of Value, Counter-Offer possibilities, Multiple-Offer strategies, What & How much to ask for, terms that are flexible or fixed. Every Decision is yours to make. Your instructions will be followed. If the Negotiation is not successful, you will be advised to continue your search. The process will begin again and new lists will be provided to you. If your offer was successful, our job is to ensure that all signatures & initials are complete. Copies will then be given to you, your Lender, your Attorney and anyone else you deem appropriate.
Inspection Process begins. You may select any Inspector you wish or ask for recommendations. This is your opportunity to have an objective professional opinion & we will supervise the inspection itself.
PROFESSIONAL SERVICE FEES:
Professional Service Fees are paid to us at the closing from the proceeds of the sale at the same time the bank, the attorneys & all other service fees are distributed. Buyer's Agents are usually paid from the Listing Broker who offers the property for sale on behalf of their Seller. A Buyer's Agent receives a 'Success Fee' paid through the proceeds of a sale usually by the Seller's agent. This fee is usually a piece of the original commission that was pre-negotiated between the Seller & the Seller's Agent. If we do not help you purchase a desired property, we are not paid for our time & energy.