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An experienced agent or broker who works primarily in the area where you are interested in purchasing a home, and who has access to the multiple listings service (MLS) can help you find a home to match your requirements.
TRINITY DEBT MANAGEMENT HOUSING COUNSELING, SECTION II
An experienced agent or broker who works primarily in the area where you are interested in purchasing a home, and who has access to the multiple listings service (MLS) can help you find a home to match your requirements. Make sure the real estate professional is a member of the National Association of Realtors by checking realtor.org, and is identified as a realtor.
The relationship between a homebuyer and a real estate professional is unusual in that you usually pay nothing for the agent’s services. Instead, agents are paid by the sellers and often represent the seller’s interest in the transaction.
When you find a house that you like in your price range, you will still want to proceed carefully. No matter how perfect the house may seem, don’t make your decision without going back to take a closer look. Visit the neighborhood at different times and on different days. Are the weekends quiet on Sunday afternoons? Talk with prospective neighbors. Avoid the temptation to jump into a deal for fear that another buyer will buy it while you’re investigating. Make sure to never sign any papers or put any money down on a house without careful consideration. In deciding how much you should offer, there are several factors to consider.
How does the asking price compare to the market value of the house based on recent sales of comparable homes in the area? Ask where the listing agent prepared a comparative market analysis on the property. This is a written report that reviews prices of comparable homes on the market or under contract that have sold in the past several months.
Before making an offer, you should be aware of the major problems of the house. You should have inspected the house and questioned the sales agent and the owner about the structural soundness and condition of the basic systems. Both sellers and real estate professionals can be held liable if they fail to tell the buyer of any known defects. If you are buying an existing house rather than a new house, a home inspection should be one of the contingencies in your sales contract.
This is a good faith payment that you submit with the offer to show the seller that you are serious. There is no set amount that is required, and what is customary differs by location. The check should not be made out to the seller directly. Rather, it should be made out to the brokerage firm of the real estate sales professional. Earnest money should be deposited in an escrow account to be returned to you if the seller does not accept your offer within a specified number of days. You forfeit the money if the seller accepts the contract and then you back out of the deal.
Whether we’re helping people pay off their unsecured debt or offering assistance to those behind in their mortgage payments, Trinity has the knowledge and resources to make a difference. Our intention is to help people become debt-free, and most importantly, remain debt-free for keeps!
Trinity Debt Management is not a lender and does not lend money.
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