Save Up To 1% When You Buy a Home!
Imagine: You get a check back at closing when you buy a property.
That’s Right: We Give You a Check!!!
Buyers Rebate, even if it is listed with another Realtor: We rebate you all commissions we receive above our 2% buyers commission (usually 1% of the homes purchase price).
Note: Our minimum commission is $3000.00. Once the minimum is met the Buyers Rebate is available.
Why work this way?
Simple… the only thing that a REALTOR has to sell is time. Most Buyers take a lot of time looking at a lot of homes. It is VERY common for a Buyer to spend months and months looking and looking, only to finally decide to buy a home from a For Sale By Owner, or another REALTOR, and the Agent that spends the time with the Buyer ends up wasting their time. Because this happens so frequently Agents that work with Buyers (Selling Agents) typically require a 3% commission because only one out of every 2 or 3 Buyers actually ends up buying.
Time Efficiency Saves You Money.
The only thing that REALTORS have to offer is their time and their expertise. Many Buyers do not appreciate the Time and Expertise of the REALTOR that they are working with. If you value and save our time, we will be glad to save you money on your home purchase. If you are willing to make a contractual committment to PassportRealty and our Agents where you will guarantee that we are compensated for our time, our Agents will help you save money on your purchase. But we are serious about your committment. If you do not buy a house we will expect you to pay us for our time. We will ask you to sign a contract that very clearly spells out what we offer, how we save you money, and what we expect from you in exchange. It is a very fair deal and we would love to work with you.
Go ahead and look around.
Do your research. When you are ready to put a contract in on a home call us. We will be glad to step in and help. We handle a lot of purchases. We are experts. We generally handle more purchases than the average agent, therefore, we are very expert at the buying process. Call 904-866-6777 to talk with a PassportRealty Buyer’s Representative Specialist. Save a ton of money on your next home purchase.
A Buyers Guide to Buying a Home
Buying a home can be very exciting and scary at the same time. Most first time home buyers will experience a full range of emotions as they go through the buying process. This is a completely normal reaction. Homeownership is at an all-time high in America, not just because of low interest rates, but also because more and more people are realizing the benefits, such as:
- Credit – having a mortgage that you pay on time every month improves your credit.
- Investment – home values are constantly appreciating which helps you build equity. That makes real estate a good investment.
- Pride – there’s nothing like the feeling of buying and owning your own home.
- Tax Advantages – interest on your home is tax deductible.
- Credit Report – Contact a credit bureau and get a credit report on yourself, just to make sure your report is accurate. If you don’t like what you see, it’s time to try to clean up any problem items or clear up any mistakes. You may also want to consider contacting a consumer credit counselor for help.
- Save Money – Skip a vacation, movie or dinner out to save money for a down payment and closing costs. Try not to buy anything on credit and if you do, pay it off quickly. Try to avoid taking on another large credit expense or even applying for another credit card.
- Get Pre-Approved for a Mortgage – – It pays to get pre-approved for a mortgage early in the process. Some think pre-qualifying for a loan is enough, but it’s not. Pre-approval gives you more power when you’ve found that perfect house.
- Buying Power. Lets you know in advance how much you can afford to spend on a home.
- More Control. You have the negotiating power of a “cash” buyer when you can prove that you have financing in place.
- Faster Closing. You can close in as little as 15 days compared to the average 60 days for those that are not yet approved.
- Saves Money. You can lock in an interest rate early for a faster closing and better rate. (Ask your lender about a 30-day rate lock instead of the normal 60 days.)
What’s the difference between Pre-Qualification and Pre-Approval?
- The down payment that is required
- Both the interest rate and the annual percentage rate (APR)
- Standard closing costs (and any extra fee the lender may charge and why)
- The possibility that your mortgage will be resold on the secondary market
There are many different types of loans available.
180 days active (not reserve) duty between September 16, 1940 and September 7, 1980
90 days service during a war (Korean, Vietnam, Persian Gulf, etc.)
Six years service in the National Guard
If you choose to buy a property directly from a “For Sale By Owner”, the home seller may reduce the price by the 2-3% which would have been paid to a buyer’s agent. It’s a very good idea to protect yourself with a real estate attorney. Choose your attorney before you start shopping for a home, because it’s too late for legal advice after you’ve already signed a contract. Click here to find a real estate attorney in your area http://www.PassportRealty .com/lawyer
It may also be helpful to take photos of each of the home’s you’re interested in. Make personal notes on the back. This will help you stay organized and remember what you’ve seen.
- Goals – why are you buying a home?
- Features – what you need vs. what you want?
- Location – is it close to work, in a particular school district, near shopping, etc.?
- Style – what type of home fits your needs, lifestyle and taste?
- Lot – what is the size? What does it feature (wooded, fenced in, etc.)?
- General condition – is it in good shape?
- Neighbors – try to get an idea of what kind of neighbors you will have.
- Taxes – verify taxes and any current assessments on the home you’re considering buying.
Where to find homes?
- Yard Signs. Hit the pavement and drive around neighborhoods that interest you.
- Classified Ads and Homes Magazines. Start reviewing your local newspaper and pick up a free homes magazine at your local grocery store.
- Internet. More than 70% of home buyers today begin their home search on the Internet. Chances are the real estate companies in your community post their homes on their own website or on aggregator real estate sites like Realtor.com, Yahoo! RealEstate or MSN HomeAdvisor. To find For Sale By Owner homes for sale in your area use PassportRealty.com, or search online using key search terms like ForSaleByOwner, FSBO, ByOwner, etc.
- Open Houses. Check out the local newspaper and local real estate websites to identify open houses you would like to attend.
Include home inspections. Make sure you have an “out” written into the contract if the inspection turns up major repair problems that cannot be resolved with the seller.
Earnest money proves to house sellers that you’re serious. After all, they’re going to take their home off the market on your behalf. Earnest money is typically between 1-5% of the purchase price, but less is possible. The money should be held by an attorney or title company in escrow. Never give the money directly to the house seller. Such a deposit does not mean you’re bound to the contract. Your full deposit is credited toward the down payment and closing costs.
Once your offer is accepted, it becomes a binding contract, so be sure to include the necessary contingencies. Contingencies are clauses that, if not met, will render the contract null and void. Common contingencies are the sale being subject to approved financing, the sale of an existing home and/or a satisfactory home inspection.
- Termites – signs of termites in the home or foundation.
- Plumbing – checks for leaks, dripping faucets, toilet tank leaks, etc..
- Electrical – up to code? Checks that all light switches and wall sockets are working properly
- Exterior – settling cracks, paint peeling
- Interior – signs of leaks in walls or ceilings, structure and general condition
- The Roof – checks for leaks or damage
- Windows- good condition and sealed
- Insulation – up to code?
- Appliances – checks that they work along with heating and air conditioning units
- Radon Gas – an odorless and colorless gas that is sometimes found in the earth’s rock and soil
- Lead-Based Paint – some older homes may still have lead-based paint that can be hazardous if ingested
- Asbestos – homes built in the early 1970s and before often had asbestos tile floors and asbestos ceiling tiles. This substance poses a health risk and must be removed
The home inspector will write up an inspection report with all minor and major defects itemized. Good inspectors will find minor flaws in nearly any home. It’s up to you to decide how important they are. It is also helpful to be present during the inspection. Inspectors often provide you tips on the maintenance and upkeep of the home and its systems. To find an inspector click here http://www.PassportRealty.com/Home-Inspector
Now that the inspection is done, it’s time to move into the title and closing phase.
It is very common for title companies to also handle the escrow portion of the transaction, meaning they serve as a neutral party to exchange funds and make sure both parties adhere to the agreed upon terms of the contract.
To find a title/escrow company click here http://www.PassportRealty.com/title
Compare home insurance rates by clicking here http://www.PassportRealty.com/insurance
To learn more about title/escrow, click here http://www.PassportRealty.com/title
Service Contracts – If you are taking over any service contracts from the home seller, you will owe the seller for the unused portion of those contracts that have been pre-paid. These could include pest control, pool and/or lawn services, home maintenance contracts, etc.
The Check – The title/escrow company you are using will tell you how much you need to bring to closing. Personal checks are not accepted, so bring a cashier’s check.
Home Warranty – It’s highly recommended that you purchase a home warranty. This will cover the repair or replacement costs in case items such as appliances break down after you purchase the home. The peace of mind is worth the expense.
There’s nothing like the American dream of homeownership. The pride and stability you feel when you come home to a place that you know is yours is hard to describe. PassportRealty.com’s goal is to empower home buyers with easy to use information to ensure they make informed choices. We hope this guide provided you insight into and help with the home buying process.
When buying a property or home you’ll need the help of many professionals; why not use the professionals at PassportRealty.com.com and earn a few thousand dollars in the process?
We’ll get you financed.
If we can’t get you a mortgage nobody can. We’ll get you financed at the best possible deal. We currently have the best and most responsive loan officers in the industry and our loan officers are only paid when you receive your mortgage financing so they are committed to your total satisfaction.