Florida Buyers Broker
Values of Real Estate
Get exclusive representation the next time you buy real
estate. Use a Buyers Broker
Buying a home will most likely be one of the most
important investments you will ever make and one that offers many good
advantages. Real estate far surpasses the stock market in regards
to your return on investment. There are many advantages to owning
real estate. Some of the advantages are as follows
Stable
monthly housing costs.
As opposed to renting, home ownership allows you
the same mortgage payment each month assuming you have obtained a fixed
rate mortgage at the time of purchase.
Tax Savings.
The property taxes you pay on your house can be
deducted from your income tax as well as the interest you pay on your
mortgage each year.
Automatic
Savings.
Each month, part of your payment is applied to the
principle of the loan. Over the course of the mortgage, this
builds and you begin to have equity. In addition to building
equity, your home also appreciates in value from year to year thus
making owning a home one of the best financial investments around.
Compared to renting, home ownership allows you the
freedom to be as creative as you would like. Plus, you receive all
the benefits of any improvements you make and get to enjoy living in an
environment that you personally created.
But, how do you go about finding the home that is
right for you?
The first step is to locate and contact a REALTOR®
who works exclusively with buyers. This type of REALTOR® is known
as a Buyers Agent or Buyers Broker.
A Buyers Broker works the same way as most
traditional agents with one major exception. A Buyers Broker works
exclusively for the buyer
which is you.
A Buyers Broker will locate properties for you to
see, arrange showings for those properties that appeal to you and will
negotiate the best possible purchase price when it comes time to present
an offer.
You may be wondering how much all this will cost
you. Absolutely nothing! The Buyers Brokers services are
paid for by the seller at closing. So, having a Buyers Broker
exclusively working for you is the best and smartest way to purchase
real estate.
How do you locate a Buyers Broker?
One of the best places to start your search is the
internet. There are a host of directories that list Buyers Brokers
and are set up geographically by city and state. Two examples of
these directories are LinkRE.com and RealEstate4.
Once you have located Buyers Brokers in your area,
choose your Buyers Broker the same way you would choose a doctor,
lawyer, plumber, or any other professional.
Visit the Buyers Brokers site. Does the agent
have lots of information on site to assist homebuyers? A site
offering lots of information for buyers and one that reflects genuine
interest in informing prospective home buyers is probably a good choice
over one whose site merely focuses on the agents company, credentials,
or how good they are.
Interview your choices. Is the realtor
knowledgeable of properties available in the area you are interested in?
Is he/she able to tell you what currently is on the market as well as
prices without having to check on the computer? A Buyers Broker
who is able to do this demonstrates a ready knowledge of the area real
estate market from personally previewing properties or developments in
the area and would be a good choice to work with.
Once you have selected your Buyers Broker, the next
step is to pre-qualify for your mortgage loan.
During this pre-qualification process, it is
advisable not to make any major purchases or move monies around.
A mortgage qualification is based upon your
debt-to-purchase ratio taking into consideration all current debts such
as housing costs, credit card balances, student loans, etc. Making
a large purchase such as buying appliances or a new automobile during
this time can vastly affect your debt-to-ratio and may even make you
unable to qualify for the loan. So, hold off on purchasing these
items until after you have closed on your new home.
Don’t move monies around. A lender is
concerned about the source of funds you plan to use for your down
payment and closing costs. Moving monies from one account to
another makes a potential lender uneasy. They much prefer to see
monies that have been accumulating in an account over a period of months
or years. This is a sign of stability. So, leave your money where
it is for the time being and move it after you have purchased your home
if you need to.
Have a Buyers Broker representing you is your
ticket to a more enjoyable, rewarding real estate experience. Good luck
in all your real estate endeavors. Back to Articles
& Tips.
________________________________________________________________________
©2006. Edward K. Blinn, P. A. is an
Exclusive Buyers Broker at RE/MAX Sundance Realty in Bonita Springs,
Florida who knows the value of SW Florida
real estate, area communities, and their amenities. http://www.FloridaBuyersBroker.com
"Specialized to your needs &
wants."
Edward K. Blinn,
PA
Office: 239-947-4907 ext.
14 Toll Free: 800-940-6086 ext. 14
Res: 239-948-2066
Edward K. Blinn, PA, Realtor®, Buyer's Broker, full
service REALTOR® offering relocation assistance and buyers broker
services for the
purchase of real estate in the Bonita Springs, Naples, Estero, Fort Myers, and the surrounding beach areas of Lee and
Collier county Florida.
RE/MAX
Sundance Realty
II
24520 Production Cir.,
Suite #3 Bonita Springs, FL
34135
Designed by Judith
A. Wentzel - Business Services
©2006 All rights reserved
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