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 Purchasing Your New Home
Over 85% of all homes are
sold or purchased by real estate
consumers using the professional
services of a
REALTOR®.
Buying a home is one of the
largest investments consumers
make and the diligent work of
representing you falls on the
responsibility of your REALTOR®.
From managing the numerous
inspections, timetables and
appointment deadlines, and
helping keep the home buyer from
throwing in the towel from
frustration with the Seller or
just the process, your REALTOR®
is there to serve you.
A
REALTOR® has a fiduciary duty to
the client which is only created
by an AGENCY AGREEMENT,
usually it is in writing so that
it is enforceable. In
Texas, this agency agreement is
called the
Residential Buyer/Tenant
Representation Agreement,
which can be reviewed using the
hyperlink to a ".pdf" file.
To help you understand the
agency relationship, a REALTOR®
should provide you with the
Information About Brokerage
Services Form.
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Get Pre-Qualified First |
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Not all Mortgage
Companies are Equal |
| Mortgage
companies often seek to
identify themselves as
mortgage "bankers" or
mortgage "brokers".
Mortgage bankers and
mortgage brokers are
both licensed by the
state, but there are
significant differences
between the two. Mortgage bankers make
mortgages directly
between individuals and
investors using their
own underwriting and
processing. Mortgage bankers have
a wide choice of loan
products for homebuyers
at very competitive
terms, including FHA, VA
and conventional
mortgages (both prime
and sub-prime)
Mortgage brokers are
"middle-men" for
mortgages between
individuals and mortgage
banks, thus their
pricing must accommodate
their role.
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Determine your needs |
Buyer Consultation Form
You can easily complete this
document to prepare for your
home search. Consult with
your Patrick Team
REALTOR® to determine
your needs, wants and desires as
you try to DISCOVER your new
home |
Prequalification form
You can easily complete this
simple form and provide a copy
to your
REALTOR®
for a free evaluation, or you
can provide it to your mortgage
loan consultant. This
begins the process to determine
if you can qualify for the home
you desire.
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Moving Day! |
| The
date that you have selected for
the closing of your home is very
important...many legal steps
have to be taken before your can
settle into your new home. You
are moving into your home,
packing, possibly selling
another home...let your
REALTOR®
cover the details for you! |
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Who
to call... |
| From
movers, landscapers, cleaners,
painters, utility companies,
home owners associations...the
list is endless. Your
REALTOR®
has the information you need, so
ask for a list of companies and
people you will need during your
move. |
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Determine desired area
