Debra Allen

What is Buyer Agency

When I represent you, my fees are paid by the Seller, NOT YOU. Did you know that Sales people at new home subdivisions represent the builder only. The Listing agent at the resale property represents the seller only. Protect your rights as a buyer.

LET ME EPRESENT YOU!

I Can Represent Your Interests Whether You Find a Home By: 

Seeing an Ad in the Newspaper

Foreclosure Websites

Driving By a New Home Subdivision

Seeing a Home on the Internet

Visiting an Open House

Driving by a Home with a For Sale by Owner Sign

Hearing about a Home for Sale

If you are satisfied with my service, I respectfully request that you take me with you for the initial contact on any property or development you are interested in seeing. This will assure you that I can represent your interests in the event you decide to purchase the property. If I am not with you on the initial contact, I may not be able to represent your interests in the transaction, which means you waive your rights to builder paid representation. I represent YOU !

Choosing a Realtor®

Of all the decisions you’ll face when buying a home, there’s none more important than the person you choose to represent you.

The job of your Sales Associate is to support you in finding the right home with the best possible terms, and to aid you through the entire process. Your Sales Associate will explain the process of buying a home, and familiarize you with the various activities, documents and procedures that you will experience throughout the transaction.

Tips For Selecting A Realtor
Your Real Estate Professional should be:

• Knowledgeable about the communities of interest to you.
• Aware of the complicated local and state requirements affecting your transaction.
• Effective in multi-party, face-to-face negotiations.
• Highly-trained, with access to programs for continued learning and additional certifications.
• Technology-focused.
• Assisted by a fully-staffed marketing department.
• Supported by professional legal counsel.

Financing

Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan before selecting a home to purchase. This process will help you:

• Determine the price range you can afford.
• Understand the types of loans you qualify for.
• Determine what your monthly payment will be.
• Estimate the down payment and closing costs.

Purchasing an “REO” Real Estate Owned Property

Buying a house from a Bank, mortgage company or other lending institution does not work like buying a house from a private Seller. If you know the difference, an REO property can be an excellent opportunity. Each bank or lender works differently. They all want to recover the most they can in a sale in the quickest amount of time.

A REO property is a different type of Sale here are a few key points:

REO Sellers and their management staff are not local.

REO asset management companies set the rules and they very amongst the various companies.

REO properties are listed by various local Realtors.

REO properties are sold AS-IS with no repairs, warranties or guaranties by the Seller. You can purchase a Home Warranty at your own expense to cover some items. Cost varies by provider average is around $ 450.00 annually.

REO property buyers must be pre qualified and have a letter of commitment or a LSR  prior to submitting an offer.

REO Seller Addendum’s, policies and procedures very and are time sensitive. Make sure to hire a REALTOR that is familiar with REO Addendum’s and carefully read and review them. These addenda may contain many provisions that change the standard terms of the AAR Residential Resale Purchase Contract

REO Sellers often give a verbal approval before receiving the written approval.

REO Sellers often appoint a Title company of their choice.

When buying an REO Property make sure to use a Realtor that is a certified REO Specialist and is actively selling REO Properties.