Service for Home Buyers Traditionally, Realtors
have represented the seller in property transactions. Many consumers are
unaware of this fact and are usually under the impression that because they are
working with a Realtor, they have representation. THIS IS NOT TRUE!
Unless you have discussed
and agreed with your Realtor that they are working in your best interest, they
are obligated to work for the seller. The chart below compares what you the
consumer can expect from working with an agent versus working with an agent
acting as a buyer's representative.
Needs Assessment
|
| Working with an Agent |
Working with a
Buyer's Representative |
- Maintain loyalty to the
seller's needs.
|
- Pay full attention to the
buyer's needs.
|
- Focus on seller's
property.
|
- Focus on expanding the range
of choices to satisfy the buyer's needs.
|
Property Selection
|
| Working with an Agent |
Working with a
Buyer's Representative |
- Get the best offer for the
seller.
|
- Find the best property for
the buyer.
|
- Limit properties to listed
properties only.
|
- Promote the buyer's search.
|
- Show only properties listed
within buyer's affordability range.
|
- All properties are
available and viewable, and sale price is negotiable.
|
Viewing Properties
|
| Working with an Agent |
Working with a
Buyer's Representative |
|
|
- Okay to give advice with
facts.
|
- Protect the seller. Cannot
help the buyer compare competing properties.
|
- Educate the buyer. Okay to
compare competing properties.
|
Negotiating the Purchase and Sales
Agreement
|
| Working with an Agent |
Working with a
Buyer's Representative |
- Disclose only material
facts.
|
- Give advice accompanied by
facts.
|
- Negotiate on behalf of the
seller.
|
- Negotiate on behalf of the
buyer.
|
- Strengthen the seller's
negotiating position.
|
- Strengthen the buyer's
negotiating position.
|
- Share all information about
the buyer.
|
- Share all information about
the seller.
|
- Volunteer a competitive
market analysis for the buyer only if it supports the seller's listing price.
|
- Provide price counseling
for the buyer.
|
- Negotiate approved purchase
agreement protective clauses to safeguard the seller.
|
- Negotiate approved purchase
agreement to safeguard the buyer.
|
- Continue services to the
seller during negotiations.
|
- Continue services to the
buyer during negotiations.
|
1st Time Home Buyers
 Are you ready to start the journey to home ownership?
If you can answer yes to most of these questions you are most likely
ready to buy a home. If most of your answers are "no," then focus on improving
in those areas.
Have I been continuously employed for
the last two years and is my employment likely to continue?
Do I have a reliable source of income
that can be documented? Do I have a checking and savings account?
Do I pay bills on time and keep records
regularly?
Do I make more than the minimum monthly
payment on credit card bills?
Is the amount of my total debt and
regular financial obligations manageable?
Do I have some money saved for a down
payment, closing costs, and moving expenses?
Can I afford to pay a mortgage plus my
other regular expenses?
Do I have time to take care of a house
and am I willing to do it?
Do I have the time to look for a house?
Am I working on resolving past financial
difficulties?
Mortgage CalculatorThis mortgage calculator is
provided for your convenience and is solely for private use. No data is
transmitted to anyone else, not even Even Keel Realty, Inc.
The results of this mortgage payment calculator are for comparison
purposes ONLY. Payments presented with this calculator represent an
estimate ONLY of potential mortgage repayments if available at
the terms entered. Actual payments and rates will be based on your individual
requirements and the rates provided by your mortgage company.
To use the calculator:
- Enter the term of the mortgage, in years,
in the space labeled "Number of Years".
- Enter the desired interest rate in the space
labeled "Interest Rate". Check with your mortgage company for current rates, or
contact us for more information.
- Enter the the desired loan amount in the space
labeled "Mortgage Amount".
- Enter the the yearly taxes in the space labeled
"Yearly Taxes".
- Enter the the yearly insurance fees in the space
labeled "Yearly Insurance".
- Leave all other spaces blank.
- Click on the button labeled "Calculate Mortgage
Payment!".
508-673-8393Copyright © 2008
Even Keel Realty, Inc. All Rights Reserved.
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