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how is a "buyer's broker" different from a "realtor"? aren't 95% of buyers brokers also Realtors?
heck, what's the difference between a broker, an agent, and a Realtor?
are you aware that in most states, moneys earned by the broker/agent/Realtor have to be disclosed to the served party (seller or buyer) by law?
if you used a professional that only represented Buyers, what would you do when you move? Find a professional that ONLY represents Sellers? What about that professional who did a good job for you? Maybe you'd ask them for a referral - and then they would get paid anyway?
how is a "buyer's broker" different from a "realtor"? aren't 95% of buyers brokers also Realtors?
Buyer's brokers work for buyers exclusively
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heck, what's the difference between a broker, an agent, and a Realtor?
Agents work under brokers. Realtors belong to the National Association of Realtors. Brokers can hire real estate agents. They're usually the ones that own the real estate office.
Agents work under brokers. Realtors belong to the National Association of Realtors. Brokers can hire real estate agents. They're usually the ones that own the real estate office.
so Buyer's brokers own companies and have Realtors and agents work underneath them that represent Sellers? Don't then the Buyer's brokers and the company-owning Brokers represent both buyers and Sellers? Are there Realtors who are agents, and brokers, and exclusively represent buyers?
Get a book. Then look up specifics for your state on internet. Things vary a little between states.
Can be better to get real estate agent to help you if you want. You don't pay anything for buyer's agent. Buyers in city frequently do use buyers real estate agent, but country areas may refuse you service. In country areas, only a sellers agent or third party agent is involved. All realtors involved in a home purchase/sale get 6% commission on most transactions and if two agents are involved it is split 3%/3% of agreed home price.
You can take all of buyer's agent suggestions and all must be legal/honest. However you end up spending more for taking all real estate agent suggestions like paying for own home warranty, going with their mortgage company with higher rates, homeowners insurance agent and using their suggested inspection man. If you can navigate this stuff on your own, can save you money.
Also, talk to a mortgage bank before you EVER look at houses. Need letter saying you are approved for however much money and your credit is good enough for loan. NEVER take maximum bank will lend you. Can be TOTALLY okay to come back when you have 20% down payment saved up as it will save you from paying Private Mortgage Insurance which adds couple hundred at least to monthly payments.
49k? You'll get approved for a 180k mortgage , possibly 200k.. That is , if you have a good down payment, money in the bank, and good credit with low debt.
I would read a book on home inspection and go to at least 20-30 open houses of all different ages... you can save a lot of money buy purchasing a home with vinyl siding, updated PVC sewer systems, electrical, among other things.. unless you're only looking to buy new in which case you'll just have to deal with the builder's grade materials they use in new constructions.
I do agree with the suggestion especially for men to not mingle your finances with a woman... buy your house before you marry if you're putting all the money down, get the house in your name, and sign a prenup. Modern society does not equate well with monogamous relationships when there are so many temptations to stray with social media and the like, especially if you are a "provider" male and not a "bad boy" or "badass" or are with a woman who has lots of "guy friends" and likes to go out to the club or bar a lot. Guy friends only want one thing.... something women fail to realize.
Ask around for a reference to an experienced realtor and talk with him or her. If you don't like the realtor, find another until you find someone who you feel is interested in you. If you find the right person, he or she will be interested in being your realtor for life, for whenever you move. This is how they build their businesses.
In our lives we've dealt with two really conscientious and professional realtors. We've dealt with a few others that were mediocre or sort of OK. Take my advice and find the right realtor for you. Let this person guide you.
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