Buyer Information

Many buyers begin the home buying process thinking a Realtor is simply there to open doors. In reality, your agent is there to guide you through a complex process that you will likely only go through a few times, so you should not be expected to be the expert.

The issue is that many people end up working with whoever Zillow connects them with when they request a showing. It could be a family member or friend who sells real estate part time, or another agent who lacks the experience needed to truly guide you.

There are more than 18,000 agents in the Austin Board of Realtors, so how do you choose the right one? Reviews can be helpful, but it is just as important to find someone with well rounded experience across all aspects of real estate. That includes Buying, Selling, Investing, Remodeling, and the Loan Process. These areas of knowledge make a significant difference when you are choosing an agent.

Think of it this way. If you were going on a safari, would you choose a family friend who took a course but has never actually been there? That is the situation many buyers find themselves in when they choose an inexperienced real estate agent.

Before submitting an offer on a home, it is important to understand the age and condition of major systems and components. These can significantly impact both your negotiation strategy and future expenses.

Start by asking about the HVAC system, water heater, and roof. HVAC systems typically last between 10 and 15 years. Tank water heaters generally last 8 to 12 years, although hard water can shorten their lifespan if they have not been properly maintained. The roof, especially if it has shingles, can present one of the biggest concerns. Many insurance companies may not provide coverage for a roof that is more than 8 years old, so knowing its age is essential.

It is also helpful to review recent utility bills. This gives you a clearer picture of ongoing costs and helps you budget more accurately for the home.

If the property includes a swimming pool or a septic system, both should be inspected. Understanding their age and condition can help you anticipate maintenance needs and avoid unexpected expenses.

An experienced real estate agent understands there are many ways to win in a multiple-offer situation. When representing a buyer, these are five of the many strategies I focus on:

1) Maintain positive and consistent communication between the listing agent and the buyer’s agent.  A strong rapport can influence how an offer is perceived.
2) Identify what matters most to the seller, since it is not always the highest price. Terms and timing can be just as important.
3) Determine whether the seller needs a temporary leaseback after closing, which can make your offer more appealing and flexible.
4) Consider whether the buyer is willing to include an appraisal waiver, helping the offer compete more effectively against cash buyers.
5) Strengthen the offer by increasing earnest money and the option fee beyond typical amounts, signaling commitment and financial strength.

As a buyer, the goal is to leverage every available advantage... Here's an extra tip: Have your loan officer call the selling agent after submitting the offer. This extra step builds confidence and reassures the listing agent that the transaction will be smooth and reliable.

COMING SOON!