| The first and most important
part of the process is to determine your specific needs. These include
timing for the purchase of the house as well as timing on applying for
and receiving loan approval. They are not always the same for each
individual. Oftentimes the most important part of the process is setting
up the strategy for securing the loan. In the initial meetings the topic
of discussion will be your needs and desires and the representation
agreement. This is where you interview us as your potential agent and
compare our services and approach to real estate with other Realtors©.
Your job is to find a relationship that you are comfortable with and
then make the commitment to work with them exclusively.
If you decide that you wish to have us
assist you in the purchase of your next home, you will be entering into
the "Exclusive Authorization to Acquire Real Property" agreement by
signing on the dotted line. This agreement details our mutual
obligations -- the services we provide and the fees that you will pay
for those services. We'll also have you acknowledge by signing a
"Disclosure Regarding Real Estate Agency Relationships" and the
"Confirmation of Real Estate Agency Relationships" documents that
indicates we are serving only you as your Agent. These agreements are
comparable in nature to the documents that you would sign with a Listing
Agent if you need to sell an existing home.
Other important elements that make up the
goal setting are questions to be answered like: Where do you want to
live? What are your parameters for a house? Is a four bedroom essential
or will a three bedroom work better for you? Does a main floor bedroom
play a role for your long term planning? Is there a way to have
overnight guests access a bathroom without disturbing sleeping children?
How far away do you want to be for your commute to work? Is a two story
or a split-level better for your family? Which School Districts? How big
a yard?
These and many other questions help
determine what you will ultimately buy. And don't expect to have all
these answers at the tips of your finger tips. This is an on-going
evolving process which will change and grow as you are exposed to more
information about what is available to you.
Sometimes the choices are limited.
Sometimes they are only limited by your imagination. That applies to
people with both unlimited resources and very limited resources.
Although money can be important in the home buying process, it is not
the most important issue. Determining what your needs and wants are and
establishing a path to achieve those goals is the most important part of
the process. We have had people in our program for as long as two years
and for as little as two weeks. So it all depends on what your needs are
and what steps are appropriate to achieve those goals.
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