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Buying A Home

At Amz Realty we understand that Buying a home is a major endeavor that can yield deep and lasting rewards. When purchasing a home, a successful real estate transaction requires knowledge and experience. Our Realtors® understand a home buyer’s perspectives and are committed to helping you achieve a successful transaction. That’s why we’ve compiled this collection of useful home buyer resources. Our hope is that these home buyer resources will provide answers to your questions and bring you closer to achieving your homeownership goals.

Helpful tips when starting the home buying process include:

  • The First step is deciding how to approach your home search and who will assist you  (hopefully one of our Realtors® will be involved)
  • Secondly getting pre-qualified and understanding your credit rating, what you can afford, and applying for a mortgage
  • Third are key decisions to consider, including costs and contracts, not overpaying, and ensuring you’re getting the best home for your money that you will enjoy for years to come.
  • The final step is planning a positive moving experience, often times this should be prepared for in advance of the closing.

What is a buyer’s agent or representative?

A buyer’s representative (also buyer’s rep, or buyer’s agent) is an advocate for the buyer in a real estate transaction. Real estate laws and regulations vary from state to state, but buyer’s representatives usually owe full fiduciary (legal) duties, including loyalty and confidentiality, to their buyer-clients and work in their clients’ best interests throughout the entire transaction.

Does Amz have buyer’s representatives?

Amz Realty’s Realtors® have years of advanced training, experience, and proven knowledge in serving the special needs of buyer-clients. In addition to knowing the dynamics of their local market, our buyer’s reps can help you make informed decisions throughout the entire home buying process.

What services are provided by a buyer’s representative?
If you’ve established a buyers rep agreement, or agency agreement with a buyer’s representative, our services include:

  • Helping you clarify your priorities.
  • Suggesting sources of financing (lenders)
  • Selecting and arranging property showings.
  • Evaluating particular properties.
  • Explaining forms and agreements.
  • Assisting in the negotiations for a favorable price and terms.
  • Keeping all information confidential that could weaken your bargaining position.
  • Monitoring the entire purchase process, assisting with issues that arise through closing.

How does the buyer’s agent get paid?

For the most part, real estate professionals are compensated by commission, based on a home’s selling price. Commission rates are not standardized, but vary, as does how the sales commission will be divided between the agents on the selling and buying side of the transaction. When a seller signs a listing agreement, their contract is with a brokerage firm. All fees must pass through that brokerage firm.

Do I have to pay more to be represented as a buyer?

The answer is no. When a house is listed for sale, the seller’s contract spells out the commission rate that will be awarded to a buyer’s representative. This is known up front and typically covers all of your Realtors® compensation.

What’s the difference between being pre-qualified and pre-approved for a mortgage? 

Typically you will first pre-qualify for a mortgage, then get pre-approved before you have found the specific home you wish to purchase. What is the difference?

Pre-qualification: An informal determination by a lender or mortgage broker stating how much mortgage you can afford.

Pre-approval: A guarantee in writing by a lender to grant you a loan up to a specified amount

What are the advantages of being pre-approved?

There are two advantages of being pre-approved for a loan as early as possible in your home-buying process:

1. Sellers will find any offer you make more attractive if you are pre-approved for a mortgage.
2. The length of time before closing can be shorter if you’ve completed the steps to securing mortgage approval prior to signing a contract on a property.

Looking For An Agent To Help You Buy A Property?

Stacy Anderson
888-269-4442 Ext 710
Melissa Cassel
Broker, Realtor®, RSPS, TAHS, VLB Preferred
888-269-4442 Ext 700
Mike Cassel
888-269-4442 Ext 701
Rebecca Deremer
888-269-4442 Ext 707
Nancy Hodo
888-269-4442 Ext 703
Robby Montgomery
888-269-4442 Ext 706
Jasmine Odle Moore
888-269-4442 Ext 705
Tamara Yuchinski
Realtor®, GRI
888-269-4442 Ext 702