
Why Buy?
There Are Many Good Reasons To Buy Your Own Home
Financial Advantages
Buying a home is a wise decision because property is one of the best and most secure investments available. Rarely, if ever, does Real Estate decrease in value. Depending on the area in which you live, buying a home may boast significant tax advantages over renting. Equity is another consideration. The equity you build as your home appreciates in value will allow you to borrow for expenses like a new car or college tuition. Your home’s equity is also the ideal down payment on the purchase of a second home or an "escape property" or vacation residence.
Emotional Advantages
Buying a home also has several emotional advantages. The independence of ownership means that you’ll no longer have to worry about rent increases and the demands of a landlord. Another advantage is a homeowner’s power to personalize! When you own your own home, you can paint and decorate as much as you want. It’s your place!
Do I Need A Sales Representative?
An Important Question Before You Start Looking
Many potential homebuyers may wonder, do I really need a Sales Representative? In a word: Yes! A committed and professional Sales Representative will make the complex process of purchasing a home both simple and painless. A good Sales Representative should:
- Know market conditions in your community.
- Show updated knowledge of financing and mortgage rates
- Know what is negotiable in a contract and what is not
An experienced Sales Representative will also understand the complexities and importance of:
- Title
- Taxes
- Survey
- Zoning and building laws
- Insurance
Buyer Representation Agreement
A written contract called a Buyer Representation Agreement establishes "Buyer Agency". It explains services the company will provide, establishes a fee arrangement for the Sales Representative's services and specifies what obligations a buyer may have. The buyer's Sales Representative works for the buyer and is legally obligated to look after their best interests throughout the entire real estate transaction. This Sales Representative owes full fiduciary responsibilities, duties and loyalty to the real estate buyer. |