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Northern Virginia Real Estate Buying Process !!

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 Four Main Reasons Why People Buy Homes

 

·        Tax advantages

·        Investment Potential

·        Pride of Ownership

·        Stability

 

Initial Step:  Choosing The Right Real Estate Agent

 

·        Getting Started

·        3 Steps to the Approval Process (pre-qualification, pre-approval, final approval)

·        Meet personally with agent

·        Initial Consultation

·        Discussing needs and desires

 

Buyer Agency Agreement

 

·        What is Buyer Brokerage all about?

·        Why is it important to have your own agent?

·        Who pays agent commissions?

·        For-Sale-By-Owner properties

 

Shop On-Line

 

·        Studies show approximately 80% of people shop on-line before meeting with an agent

·        Addresses are listed on the site, drive-by as many as possible.

 

Seeing Properties

 

·        If a home is in the MLS, we can show it.

·        Agent will point out deficits when applicable (material defects)

·        Agent will point out re-sale features, positives & negatives.

·        Take as long as you like!  We will never apply pressure.

 

Writing an Offer

 

·        Sitting down to discuss your offer.

·        Review comparable sales in the neighborhood (past 6 mos.)

·        Contingencies (Home inspection, radon inspection, sale-of-home, appraisals)

·        Sellers Market (bidding wars, escalation addendums, waiving inspections)

·        Earnest Money Deposit – 2% Guideline

·        Average wait time (multiple contracts)

·        Ratification

·        Remove all contingencies

·        Paragraph 3 protects you!

·        Walk-Through

·        HOA Documents

 

Buyers Remorse – A Normal Phenomena

 

Settlement – We Are With You All The Way!!

 

            
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