Lisa and Jim's Northern Nevada Real Estate Blog: Northern Nevada Real Estate ... Tips For The First Time or Rusty Buyer

Northern Nevada Real Estate ... Tips For The First Time or Rusty Buyer

Northern Nevada Real Estate  

Tips For First Time Or Rusty Buyers

Lisa Wetzel and Jim Valentine RE/MAX Realty Affiliates 

Tips For First Time Or Rusty Buyers   


If you've never bought a house before, the process can be a bit daunting. It can be equally daunting if it's been a long time since you've been through the home buying process. Not to worry. There are many very good real estate Agents, Lenders and Escrow Officers that will get you through the process with minimal pain so you can enjoy the many benefits of home ownership for years to come.


The first step is to get with a knowledgeable Agent that you are comfortable with. That doesn't mean someone that tells you how well behaved your kids are while they fight in the back seat, rather someone that takes a sincere personal interest in you, your circumstances, your objectives, and how you'd like to realize them. The Agent should have knowledge of the market you are looking to buy in as well as real estate matters. Pick one. Don't work with a lot of Agents because ultimately, none of them will work with you. If you become unhappy with your Agent for a bona fide reason, it's okay to switch, but don't jump around - it isn't in your best interest.


The Agent will get you to a good Lender to get preapproved for your loan. That takes the guess work out of what you can afford and how much money someone will give you to buy a house with. You'll also get introduced to an assortment of loan programs so you can identify which one(s) work best for you and your circumstances. Armed with this information, you can proceed with finding a home.


It is important that you help your Agent understand your lifestyle. How many bedrooms do you need for your family, hobbies, guests, etc. How much room is needed for the pets, boat, etc. Where do you commute to, or what sports activities do your kids have after school, etc. Once you identify your most desired lifestyle components, you and your Agent can look in earnest. Yes, you can look as well as your Agent. Many people do their own home searches now. Be advised that what you see on the Internet isn't always what it is. Many properties showing active on the Internet are actually in escrow. Your Agent will help you through that process.


When you find a home to buy, you make an offer. There is a lot of competition out there so it is important that you make a good offer quickly. How does your Agent get paid? A common and good question. In most situations your Agent splits the selling fee with the Listing Agent who is representing the Seller. You, the Buyer, don't pay unless you have what is called a Buyer's Broker agreement. If you have one of those it will be explained to you and you'll know. Otherwise, your Agent is working for you anticipating getting a commission from the Seller when you successfully buy your home thanks to his/her efforts on your behalf.


Our Advice: Buying a home is a process comprised of many sub-processes. Each must be identified, engaged, and worked through. Sometimes you must do one before the other, other times they will be engaged in contemporaneously with others. Remember as you proceed through your processes that you have to do each one thoroughly as required by your circumstances to achieve your objective. Be patient, work through them, and you will be rewarded with a Victory in the home buying process. It is well worth it.


Ask questions when you have them. Don't assume you understand what a term means if you don't know. Your Agent should keep you informed and comfortable with the processes you will experience to assist you you're the inevitable overall emotional impact you will feel from time to time along the way. 


When it comes to choosing professionals to assist you with your real estate needs... Experience is Priceless!
Lisa Wetzel and Jim Valentine are real estate agents with RE/MAX Realty Affiliates in Gardnerville. They are short sale and foreclosure specialists and certified distressed property experts.



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Tips For First Time Or Rusty Buyers

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Lisa Wetzel & Jim Valentine
 RE/MAX Realty Affiliates
1320 US Highway 395 N.
Gardnerville, Nevada 89410
775.781.5472 - Cell
775.783.6854 - Direct
775.552.8585 - Fax
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Comment balloon 0 commentsLisa Wetzel • February 08 2014 07:58AM