I can't recall a better time for first time home buyers than we are experiencing right now.
Interest rates at historical lows. Exceptional tax incentives, both State & Federal. Record inventory of homes for sale, many at prices not seen in almost a decade.
What's not to like?
Already, however, there are signs that the tide may be turning. Exceptional properties are receiving multiple offers. Once again we are seeing multiple counter offers or calls for "highest & best." I'm not suggesting that you have to dash out tomorrow and buy the first thing you see. I am suggesting that you establish priorities and move forward.
Step one, talk to an Exclusive Buyers Broker, such as myself. Allow me to explain the difference between an Exclusive Buyers Broker and a "buyers agent." In a nutshell, any real estate agent can be a "buyers agent." However, in a heartbeat, that buyers agent can turn into a "Dual Agent", representing both you & the seller in the same transaction. Why is this important to you? Can you imagine an attorney going into a courtroom and representing both the prosecution & the defense?
As an Exclusive Buyers Broker, neither I, nor my company, takes listings. I only represent buyers, never sellers. My loyalty is only to my buyer client.
At our initial meeting, I'll explain in detail How I work for you. THERE IS NEVER A CHARGE! Exclusive Buyer Brokers are paid through escrow, with the Broker compensation offered in the MLS by the seller.
The next step is for you to pick a lender you are comfortable with. I can suggest several mortgage lending professionals for you to consider. Once you have completed the mortgage application and received a full approval, subject only to appraisal and title, we will begin the home search.
Armed with that full loan approval you offer will be taken seriously by the seller. When you have an accepted offer, I'm with you every step of the way through Escrow & closing.
It's not a easy as it sounds. You will be competing with an increasing number of sophistcated buyers. Good properties go quickly. You will receive overnight e-mail updates from me of new listings that match your needs.
The relationship between an Exclusive Buyers Broker & his buyer client is a true partnership. From our initial contact until I hand you the keys to your new home, we're in this together.
If you are serious about home ownership, give me a call or drop me an e-mail. In the meantime visit my website www.DonNelsonRealEstate.com for in depth information on financing as well as direct access to the San Diego & Palm Springs MLS.