Buying a Home in Northern Virginia...
Visit my Finance Resources section for information that will help you understand the mortgage language and tools that will help assess your financial requirements.
Buyers in the Northern
Virginia market should always use a Realtor for the following reasons:
Realtors have access to the MRIS
(Multiple Regional Information System). MRIS is what most people refer to as the Multiple Listing System. This system is designed to help the Realtor find
the home of choice for their client using state of the art software and an extensive data
bank that is on line.
A Realtor is familiar with state & local laws of real estate.
A Realtor is familiar with contractual agreements for property.
A Realtor is familiar with financial options, home inspections and various contingencies involved with the negotiations
process.
A Realtor is familiar with the closing and settlement procedures.
Most of all, buyers pay nothing to
"Buyer Agents" to get the above expertise in finding a home, since most of
the time the fee is paid by the seller.
How to Find Buyer Agents
Buyers should find their "Buyer
Agents" either by consulting friends, by contacting a sales manager of a local
realty firm, or by questioning Realtors at open houses.
Once you have chosen your agent, you should expect a good agent to work with you at every step in the home buying process:
- Helping you determine your buying power.
- Helping you understand different financing options and identifying qualified lenders.
- Helping you sort through your wish list and rank your home-buying needs in order of priority.
- Assisting you in your home search.
- Providing due diligence during the evaluation of the property and objective information about each property.
- Providing advice when you are facing a tough decision or even if you just need a second opinion.
- Preparing the contract to purchase the house with your offered price and terms.
- Negotiating per your instructions on price, financing, terms, date of possession, and etc. until the contract is ratified.
- Guiding you through the closing process.
I hope that the information above introduced to you what you can expect during the house buying process. If you are a first time buyer, I suggest that you view the First Time Buyer Guide before proceeding to the other useful articles in this section.
Ziep Truong
(703) 861 1686 (C)
(703) 873 3500 (O)
Ziep@ZiepCodes.com
http://ZiepCodes.com
Ziep
