Buyer’s agents are usually compensated by the listing broker for bringing home buyers to the table. When the home is sold, the listing broker splits the listing fee with the buyer’s agent. The compensation is negotiable.

Let your buyer’s agent know that you are interested in a property! They will meet with you to understand your wants and needs in a home, and will schedule a showing to see the said property.

When you find the property you want to make an offer on, your buyer’s agent will help you determine a fair offer amount. We will also guide you through the additional terms of the contract, such as the earnest money amount, closing date, and any additional terms you want to be added to the offer. We would write the offer on a contract and send it to you for signatures to review before submitting it to the seller’s agent. Our strong suit is negotiating on your behalf so we will come up with a strategy that works best for you.

Some loan options allow as little as 3-3.5% down payment. A mortgage lender can tell you what types of loans you qualify for and what is best for your personal situation. For example, the house you want is $200,000 your down payment of 3.5% would be $7,000 plus any closing costs, insurance and fees.

We can help you get in contact with a mortgage lender to get a pre-approval for a loan. The lender will ask you questions about your income and debts, etc and can tell you what amount you can be approved for, and how much your mortgage payments will be.

Usually you are asked to provide your last two tax returns to show proof of income. You should also provide recent bank and credit card statements and proof of your current income. You will also be asked for your social security number so they can run a credit check. Ask me for my lender recommendations!