Buyers Remorse...

Has anyone ever heard of buyers remorse? If not it's when a buyer is questioning if they made the correct purchase or not. Many home buyers back out of an offer if they are not 100% happy with the home, which in my opinion makes sense. No one needs to purchase property they are not happy with. This is what real estate agents like to call buyers remorse.

Once again this falls back on being fully satisfied with your purchase. Don't force yourself in to a home mortgage if you aren't 100% happy with the purchase you are about to make. The home can depreciate in value once you purchase it, just like when you drive a brand new car off the car lot. Be careful with what you purchase.

Happy home buying!! :)

Location is Key!

This week I am currently on vacation at the beach. Working with real estate has taught me to look around in different areas and see the deals that are out there. Sense I am at the beach it is habit for me to look around and see the different houses and property that is for sale. Yes, homes at the beach are going to cost more because you have higher taxes at the beach, and homes have always been more expensive at the coast. However, with this being said I am enjoying my time at the beach and could see myself purchasing property down here at some point in the future.

Knowing where you want to purchase property is key! You don't want to get in to a mortgage and regret your purchase based off the area. Be sure you spend a decent amount of time in the area and are aware of your surroundings before purchasing a home. This is where you are going to be living for a decent amount of time. You have to love where you live, wether it's the beach, mountains, country, or city you have to fall in love with the view.

Guest Post

Hello everyone, I am Ashlee McNabb's mother. Today I am going to talk about my experience with real estate agents and the selling of our past two homes. I hope all of you find this information to be informative and choose to go through a relator wether you are buying or selling a home. I am aware this blog is targeting those who are seeking to purchase a home, or sell their current home and it is important to go the right direction.

My husband and I decided, several years ago, to sell our first home we purchased together. This was a huge decision for us, because it was our first large purchase together. It was time to move on and purchase a larger home for our family. Before we put our house on the market we had to decide whether to pay a relator or try to sell it by owner. Putting it for sale through a relator was almost too obvious. Yes, you must pay the commission of the relator once your home sells, but it is much easier and relieves the stress of all legal papers. Going through a relator keeps all conversations between you and the buyer confidential. All conversations and countering of offers is done between the relator.

Our relator experience went well and we were pleased with everything we were offered. Many clients worry about someone breaking in to the lock box on their door; however, this was never a problem we had or feared. Cathy Griffin was always easy to work with and provided every type of advertising needed to sale our property. It was nothing short of an outstanding job!

In conclusion if you ever question using a relator or not, ALWAYS choose going with a relator. They will work with you close hand and be sure all your needs are met. If you are questioning the amount of money you will get out of your home, agents are always willing to work with the price of the home. They are not in the business to give your home away!

Guest Post Introduction

Tomorrow I will be posting a guest post from my mother, Cindy McNabb. During this post she will be discussing my families two different dealings with relators, and how important it is to use a relator instead of trying to sell your home by owner.

I hope ya'll are looking forward to this post as much as I am!

What Happens at Closing?

Many individuals have asked me:
What happens at closing?
Are there a lot of documents to be signed?
Will I have keys to my new home at the end of closing?

Well, these answers are very simple!

1. At the time of closing you will make a trip to a local attorneys office, or the office your relator has told you to attend. You will go in and sign different documents that will be documented to put the house in your name. At this time of closing you will not come in contact with the buyer or seller. It will just be you, the attorney, and listing agent or buyers agents, whether you are buying or selling property.

2. The amount of documents to be signed depends on the lender and what type of loan you are receiving. If it is your first time purchasing a home and your first loan you will more than likely have several different documents. If the home is payed off or you are paying cash for the property you will still have to go to closing, but you will have less documents to sign and go over.

3. Keys will always be granted after closing. The home is now legally yours!!

After closing it is time to go celebrate, because this is payday for relators. It's always exciting to see  property sell and money go in to your pocket!

When do Real Estate Agents get Paid?

Real Estate agents don't get payed by the hour like other jobs. All income comes from houses you sell. If you don't sell homes, you don't get paid. Therefore, your annual income varies from year to year depending on how many homes sold.

Agents do not get paid for listing a home if it doesn't sell. Any expenses that go out to open houses or advertising doesn't get paid for by the owner/seller; the agent pays for everything to advertise the home in different ways. You only receive money at the time of a sell. As far as commission goes, it can vary between the different franchises and who you work under. For example, at Century 21 the listing agent receives 3% and the selling agent receives 3%. If you were to both list and sale a home you would receive 6%. 

There is money to be made in the career of real estate, but you have to be willing to put in the time and effort. It's not an 8-5 job.

Repairs

If a new listing has repairs to be made it is important to get these fixed. Doing this will be a good selling point for the home. Homes that need repairs are hard to sell because clients 9 times out of 10 want move-in-ready homes.

There are two different options when it comes to making repairs. The owner can fix it themselves and pay before closing, or the relator will hire a contractor to come out and the cost will be payed for at the time of closing.

The pictures below is a perfect example of repairs that are being taken care of by the relator, Cathy Griffin. She is hiring a contractor to come and make the repairs and the owner will be charged at the time of closing. This is when Cathy will be reimbursed.