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BUYER SERVICES & TIPS

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NOTE: Effective July 2, 2001, in every real estate transaction, a real estate agent shall, at first substantial contact directly with a prospective buyer or seller, provide the prospective buyer or seller with the brochure “Working with Real Estate Agents” and explain the different types of agency law. [NC Real Estate Commission Rule 21 NCAC 58A.0104(c)] Please Read WORKING WITH AGENTS

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HAPPY FAMILYCongratulations on your decision to purchase a new home! Your first step toward buying your new home will be to analyze your needs. Your real estate agent can assist in analyzing your needs so that you will be able to get a clear picture of exactly what you want your new home to look like and how it should function for you and your family.

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1. What would my payments be? 6. Am I Better Off Renting or Purchasing?
2. Can I really afford to buy a home? 7. I already own a home how much equity   do I have?
3. Which is better-30 or 15 year mortgage? 8. Should I refinance my current mortgage?
4. Which loan is better? 9. What are closing costs and why do I have to pay them?
5. Pointers on points - Should I pay them? 10. What is FHA and can I qualify for an FHA loan?
GEORGIA JOHNSON
When buying or selling real estate, you may find it helpful to have a real estate agent assist you. Real estate agents can provide many useful services and work with you in different ways. In some real estate transactions, the agents work for the seller. In others, the seller and buyer may each have agents. And, sometimes the same agents work for both the buyer and seller. It is important for you to know whether an agent is working for you as your agent, or simply working with you, while acting as an agent of the other party.

10 THINGS YOU NEED TO KNOW

 

1. What Do You Really Need In A New Home
2. Get Pre-Qualified Or Pre-Approved
3. Gather Together Information About The Area And Local Neighborhoods
4. Search For Your Dream Home
5. Make An Offer

6. Negotiate The Offer
7. Find The Vendors You Need
8. Pre-Close Preparation
9. Closing On The Home
10. Post Close
WHAT IS A BUYER AGENT
An agent under contract with a buyer, acts as an agent for the buyer only. The Buyer’s Agent must renounce the usual sub agency offered by the listing agreement and must disclose the buyer agency relationship to the seller’s agent and firm.

Agent duties to Buyers:

  • Promote your best interests
  • Be loyal to you
  • Follow your lawful instructions
  • Provide you with all materials facts that could influence your decision
  • Use reasonable skill, care and diligence
  • Account for all monies that firms handles for you

WORKING WITH AGENTS
PLEASE READ

Services and Compensation:

The compensation (commission or fee) can be paid by either the buyer or the seller. Most sellers agree at the time that they list their property, to compensate all agents, whether they represent the buyer or the seller. With a written Buyer Agency agreement, the agent can help you:

  • Find a suitable property
  • Arrange financing
  • Learn more about the property
  • Help you prepare a written offer to the seller
  • Promote your best interests

DISCLOSED DUAL AGENT

An agent acting under a disclosed dual agency relationship, may represent both the buyer and the seller, provided that there is a signed agreement by both parties, and that this dual agency relationship is disclosed with the written consent of all parties.

The agent may not disclose to either party, without the written consent of the party adversely affected by the disclosure, any information obtained within the confidentiality and trust of the fiduciary relationship. The agent must not disclose to the buyer that the seller will accept a price less than the listing price, nor tell the seller that the buyer will accept a price higher than the price offered. The dual agent basically acts as a facilitator or liaison between both parties.

 
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Georgia Johnson, ABR,GRI
Keller Williams Realty
2117 S. Glenburnie Road
Suite 14
New Bern, NC 28562
Direct: 252.638.2620
Toll Free: 877.645.7115
Cell: 252.259.6666
Fax: 252.637.7175

Email: Georgia@GeorgiaJohnson.com

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