Buyer Agency
What is It and How Can it Benefit You?
Now, the real estate laws in the state of Kansas allow you to have representation for the purchase of a home, much like individuals who are selling homes. I am an ACCREDITED BUYER'S REPRESENTATIVE, allowing me to provide superior service in the search and purchase of your new home. Under the principle of Buyer Agency, the agent who sells you the home has a duty to represent the Buyer's best interest including:
Benefits of Buyer Agency
- Substantial Savings! I will help you negotiate to obtain the best possible price, terms and conditions.
- You are represented! I will do a comprehensive market analysis on the property you select. This will help you establish fair market value before an offer to purchase is made. This insures a fair purchase price for your home.
- You will be shown everything! In addition to MLS listed properties, I have the ability to show you a wider variety of available homes, including unlisted properties such as: for sale by owners, foreclosure sales, and homes not yet on the market. You have access to the TOTAL market.
- It's FREE! Buyer Agency does not cost you a penny. Normally, all costs to sell a home are paid by the selling party.
My Home Buying Services
- Buyer Consultation
- My initial visit with you is a "Buyer Consultation". During which I will:
- Explain how I can effectively search for and assist you in the purchase of your new home.
- Explain the benefits of using my services.
- Show you the programs offered by Prudential Dinning-Beard.
- Discuss the specific type of home you are looking for, based upon school district, area of town, size and features.
- Help you establish a price range in which to search based upon your financial situation.
- Review and explain the documentation and procedures of a typical real estate transaction.
- Mortgage Counseling - If you have not already obtained a pre-approval for a home loan, or have no idea where to begin, I can recommend a number of lenders to fit your specific needs. I can actually show how to purchase a home with little or no money down, at the best interest rates available. See my Financing page for additional information.
- City Tours - If you are relocating to the Wichita area, I provide tours of our city to introduce you to your new surroundings. Combined with the tour, I will provide all relocation prospects information on our city, including schools, churches and cultural activities.
- Home Tours - The most important aspect of finding a home (and probably the most fun) is touring homes to find the one that is just right for you. I will show you every home meeting your selected criteria, in any neighborhood you choose.
- Communication - Buying a home is an important event, and you need to stay informed about your real estate transaction. I make myself readily accessible to all of my clients, by phone, pager or e-mail. With all of the technological advances that make communication so easy, I am accessible, I stay in touch, and keep you informed.
- Manage the Transaction - There are a lot of things that go on during a real estate transaction, most of which you don't need to worry about. That's what I do. I make sure that everything falls into place for a smooth, stress-free purchase. This includes scheduling and being present for inspections, processing all paper work and staying in contact with your lender, the title company and everyone else involved in your transaction.
Ten important questions to ask your BUYER'S AGENT and Why?
About the property...
About the neighborhood...
*Depending on whether a Buyer's Agency Agreement has been entered into, your sales associate may not be able to assist you with these specific questions.
Why? The length of time a property has been on the market may indicate the seller's willingness to negotiate.
Why? The amount of any price reduction, as it relates to the overall purchase price, may indicate the seller's desire to attract an offer.
Why? It will be helpful to know what offers may have been turned down and for what reasons.
Why? Motivation is a key element in any negotiation. As an example, if the seller has already purchased a new property, your ability to close quickly may be an attractive element of negotiations.
Why? Anything the seller is willing to leave behind that you won't need to buy when you move in has real value, for example, a refrigerator or window treatments. Consider those items in your offer.
Why?
Why? Short market times may indicate a sellers' market. If this is the case, you may face competition from other buyers.
Why? This information indicate sellers' past willingness to negotiate and by how much.
Why? This approach to establish value works best in a P.U.D. and/or where there are similar homes, lot sizes and improvements. This comparison cannot be used for all homes, in all areas.
Why? Your buyer's agent will carefully review the the Seller's Disclosure Statement with you to determine if there are factors which may
adversely affect the property.
