What is Your Role as a Home Buyer? (First Time Home Buyers)
Congratulations! You have decided to buy your first home. You have been preapproved. And, you may have already selected your real estate agent. Now What? Are you wondering what your responsibilities are in the transaction? Well, you have a vital role to play! A successful real estate transaction involves cooperation from everyone involved with the sale.
The buyer's responsibilities in the transaction:
01 | Get preapproved and secure financing
02 | Choose right agent and other key players (e.g., attorney, home inspector, other inspectors and testers, etc.)
03 | Cleary communicate what you're looking for and cooperate with your agent
04 | Choose neighborhood and house
05 | Investigate and inspect the property
06 | Review the Seller's Property Disclosure and read all documents carefully
07 | Verify verbal statements and get them in writing
08 | Be aware of all contractual obligations, meet all deadlines and respond to inquiries
09 | Make all decisions affecting your transaction
10 | Take an active role, speak up if there's a problem, ask questions
Your cooperation will go a long way towards successfully closing the deal. If at any time during the home buying process you seek further clarification on your role, you have questions or simply desire additional information, remember to speak up and ask questions. Look to your agent for direction and guidance.
Now, if you're still without a real estate agent, check out How a Real Estate Agent Can Help You? For more information or assistance with your first home purchase, please contact me. I have a wealth of knowledge, as well as hands-on experience educating and helping first time buyers like you. I'd be happy to answer your questions, as well as assist you with purchasing your first home in my service area, or refer you to qualified professionals from a nationwide network of agents.
Letitia Stevenson, REALTOR® | Licensed in DE, PA & MD |
Berkshire Hathaway HomeServices Fox & Roach, REALTORS®
(Formerly Prudential Fox & Roach, REALTORS®)
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