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Sam Nueman

I Want TO Buy A House But I Don't Want To Pay For My Agent's Commission!!!

You probably have heard this before: "you get what you paid for". In some cases, yes.

When trying to buy a house your initial questions should be:


There are many questions that buyers will have when going through their buying process and having the right professional to assist them makes it so much easier. So lets me answer these questions for you.

 Will I have to pay for the agent's commission?
- No, in North/South Carolina sellers pay for both the listing & buyer agents commission. The amount is negotiated before the house is put on the market for sale. So that means you actually get an experienced real estate broker like me to help you without paying a dime to me. Nice huh! Big Smile
 

What fees/ costs will I have to pay when purchasing a home?
- There are some fees that are associated with purchasing a home and to get the estimated amounts as well as what they may be, it is important to speak with a mortgage professional (Loan officer or Mortgage Broker). But no worries because I try to negotiate for the sellers to pay for most or all of my buyer's closing cost. Some of this closing cost can be but not limited to: (appraisal fee, inspection, credit report, survey, loan origination, etc...). Please know that this fees are charged by different vendors for rendering services. Now, there is a couple of things you should have available when you are ready to make an offer: earnest money deposit check (typically 0.5-1% of offer amount). This goes along with your offer and it means you are serious about purchasing the house. Typically, the check is written to an attorney or a realty firm to put in an 'escrow' account. You can get your money back or seller can keep it depending on what type of agreement you & the seller agree upon. After the house is under contract, you will need to get an inspection done and some inspectors will ask for the money before closing. There are some inspectors that will allow for it to be paid at closing table (I can provide you with their contact information). If inspection goes well, then the lenders will order an appraisal; however, the appraiser typically will also request that they get paid right after service. Please remember that even if you pay this, we can still ask for the sellers to pay for some or all of your closing cost. This will allow the money to be reimbursed to you if all of the closing expenses are covered. Wink

How do I go about finding the right agent to assist me?
- Well, a way to finding a great real estate broker is by asking them to provide you with some of their past client(s) for a reference or by just speaking with them and see how they answer your questions. He or she has to be able to be straight forward with you.

Who do I need to speak with about a loan pre-approval or prequalification?
- Most buyers think they have to speak with their local bank branch. An experienced real estate broker should be able to refer you to at least two to three mortgage professional who can assist you. Since I've successfully assisted lots of clients in purchasing their homes, I have developed a good network of mortgage professional that are very knowledgeable with different type of loans. 

Purchasing a should be a great and wonderful experience that's whey it is important to have the right professional on your side that can carry out your wishes. Cool You are welcome to call or email me for any questions you may have.

 

Published Saturday, December 05, 2009 4:33 PM by Sam Nueman, SFR

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Beth said:

Hello Sam,

Thanks for breaking it down for us because I needed to know what fees will be associted with buying a home. I've spoken with different agents but I haven't been able to get a clear answer. I actually know one of your previous clients you helped. They are the ones that referred me to your site. I heard you were able to negotiate a great deal of a house for them! I'm looking for the same kind of deal! :))

Can you help me? I've signed up. I look forward to hearing from you. Thanks.

Beth

December 28, 2009 10:38 AM
 

Sam Nueman, SFR said:

Hi Beth, you are welcome!

I'm happy you were referred from one of my clients because good 'word of mouth' is the best form of compliments I could ever receive. I have negotiated lots of great deals and I am confident I can help you as well. I will contact you this afternoon. Talk to you soon! Thanks.

Sam Nueman

December 28, 2009 10:49 AM

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