Making an offer on a home without being prequalified.Prequalification will make your life easier-so take the time to speak with a lender. Their specific questions in regard to income, debt, etc. will help you determine the price range you can afford. It is an important step on the path to home ownership.
2. Not having a home inspection. Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.
3. Limiting your search to open houses, ads or the internet. Many homes are on the MLS, but are not in the internet “open search.” Your best course of action is to contact a Realtor. They have up-to-date information that is unavailable to the general public and are the best resource to help you find the home you want.
4. Choosing a real estate agent who is not committed to forming a strong business relationship with you. Choose a professional who is dedicated to your needs–before, during and after the sale.
5. Thinking there is only one perfect house out there. Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your Realtor for a comparative market analysis. This compares homes that recently sold or are still for sale.
6. Not considering long-term needs. It is important to think ahead. Will the home suit your needs 3-5 years from now?
7. Not examining insurance issues. Purchase adequate insurance. Advice from an insurance agent can provide you with answers to many concerns you may have.
8. Not buying a home protection plan. This is essentially a mini insurance policy that usually lasts one year from the close of escrow. It usually covers basic repairs you encounter and can be purchased for a nominal fee. Talk to your agent to help you find the protection plan you need.
9. Not knowing the total costs involved. Early in the buying process, ask your Realtor or lender for an estimate of closing costs. Title company and attorney fees should be considered. Pre-pay responsibilities such as Homeowner Association fees and insurance must also be taken into account. Remember to examine your settlement statement prior to closing.
10. Not following through on due diligence. Buyers should make a list of any concerns they have relating to issues such as: crime rates, schools, power lines, neighbors, environmental conditions, etc. Ask the important questions before you make an offer on a home. Be diligent so that you can have confidence in your purchase.
I, Larry Naso, believe my clients are entitled to certain inherent rights around which I pledge to operate my business.
1. CLIENTS HAVE THE RIGHT TO A BUSINESS RELATIONSHIP WITH A REALTOR WHO IS A COMPETENT, COURTEOUS, FULL-TIME PROFESSIONAL.
2. CLIENTS HAVE THE RIGHT TO SEE ALL OF THE BEST HOMES ON THE MARKET THAT MEET THEIR BUYING NEEDS.
3. CLIENTS HAVE THE RIGHT TO RECEIVE ALL OF THE MOST RECENT INFORMATION THAT WILL (A) HELP THEM GET THE MAXIMUM PRICE FOR THE HOME THEY ARE SELLING IN THE LEAST AMOUNT OF SELLING TIME; AND (B) HELP THEM GET EVALUATIONS FOR SUCCESSFUL PRICE NEGOTIATIONS FOR THE PROPERTY THEY WOULD LIKE TO BUY.
4. CLIENTS HAVE THE RIGHT TO A REALTOR WHO HAS A SUCCESSFUL TRACK RECORD FOR SELLING LISTINGS.
5. CLIENTS HAVE THE RIGHT TO BE KEPT INFORMED AND UPDATED WITH ALL FEEDBACK, NEGATIVE OR POSITIVE, AND OTHER INFORMATION AFFECTING THE SALE OR PURCHASE OF PROPERTY.
6. CLIENTS HAVE THE RIGHT TO EXPECT COMMITMENT TO THEIR NEEDS FROM THEIR REALTOR AND NOT TO HAVE THEIR NEEDS IMPACTED BY THE REALTOR’S COMMISSION OR PERSONAL RELATIONSHIPS WITH OTHER REALTORS.
7. CLIENTS HAVE THE RIGHT TO WORK WITH A REALTOR WHO IS A STRONG NEGOTIATOR.
8. CLIENTS HAVE THE RIGHT TO EXPECT THEIR REALTOR TO CONTINUALLY UPDATE HIS EDUCATION AND IMPROVE HIS ABILITY TO SERVE THE CLIENT.
9. CLIENTS HAVE THE RIGHT TO EXPECT A TIMELY RESPONSE TO THEIR QUESTIONS OR CONCERNS.
10. CLIENTS HAVE THE RIGHT TO A BUSINESS RELATIONSHIP WITH A REALTOR THAT IS BASED ON THE HIGHEST STANDARDS OF ETHICAL AND MORAL CONDUCT.