When a house is listed, that agent represents and advocates for the seller. For generations, the rule of thumb was “caveat emptor”, buyer beware. Today, buyers have the right to full representation and advocacy...that’s what a Buyer’s Representative is about. The Buyer’s Representative works solely for the buyer to be sure that they are getting the best possible home. The representative is responsible for guiding the buyer through the home-buying process and providing resources and information throughout that process. The representative does the “due diligence” for the buyer to be sure that they are getting the most for their money. The representative is responsible for keeping current on legislation, ordinances and practices that could impact the value of the buyer’s property. All this and the seller usually pays the buyer representative’s commission.
21 Canal St., #103Westerly RI 02891(401) 622-1997
Keeping Real Estate Real
1. Price. Know what you can afford and what you are able to spend! Sit down with a mortgage specialist and start the qualifying process. Knowing what you can spend on a house narrows the search for your home down to those realistic choices!2. Type of Property. Do you want a condo, a single family home or a multi-family home? Are there particularstyles and/or ages or homes that you like (or, more importantly don’t like!)3. Condition of Property. Are you handy or not? Are you willing to put a little “sweat equity” into your home?Or do you want a house that’s ready to move into?4. Must-haves. Determine what is essential in your new home. Is it important to have three bedrooms? Two baths?5. Nice-to-haves. A nice-to-have may get eliminated if price becomes an issue. You may want an extra bedroom for a home office...but you don’t “need” it.6. Location. Where do you want to live? What neighborhood/community works for you? How far are you willing to commute? Are there other towns close by that might work for you as well?
Home Buying Check List
Miles from work:_______________ Schools:____________________________________________Shopping:_________________________________________________________________________Freeways:_____________________ Walk to:___________________________________________
Home office:____________________ Architectural style:__________________________________ Finished basement:_____________ Hardwood floors:_____________ Fireplace:_______________Number of stories:_______ Other:_____________________________________________________