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Understanding Your Credit Score

Your credit score will dictate many things for your upcoming home purchase, so I wanted to share an article I found with you. If you have any questions or need additional information please let me know. As an Accredited Buyer’s Representative (ABR®), I have many professional resources that can help you every step of the way!

How to Perfect Your Credit Score by Annamaria Andriotis. Copyright © 1995-2015. National Association of REALTORS® and Move, Inc. All Rights Reserved.


To make sure that your home buying experience is enjoyable and successful, it’s important to have a solid plan. I found this article that examines the 8 critical steps first-time home buyers should keep in mind throughout the buying process. As an Accredited Buyer’s Representative (ABR®), I want to make sure you have all the information you need to make your home buying experience a successful one. I look forward to working with you!

8 Critical Steps for First Time Home Buyers by Jay Jenkins. Copyright © 1995-2014 The Motley Fool. All Rights Reserved.

Home Buyer Beware

You’ve been searching for homes online, driving by interesting properties in your car, and found one that looks perfect - What do you do next... contact the listing agent on the sign? 

While that may sound like the most logical step, it’s a common home buying mistake made due largely to mis-information.  

It's easy to make the assumption that It’s best to contact the listing agent because they’re already familiar with the property.

However, the fact is the agent on the yard sign DOES know the property, but that’s because they’ve been hired by the owners to help sell it. That’s what listing agents do. Their job is to represent sellers in property transactions, marketing properties to potential buyers and helping sellers earn as much as possible on the sale. 

Does that sound like an agent who will be looking out for YOUR best interests? Buyers are better served if they avoid the listing agent (anything you tell them may hurt your negotiating position) and select a buyer’s agent to arrange a showing—someone who will represent YOUR financial and legal interests in a transaction.


Understanding Multiple Offers

After a few multiple-offer nightmares this summer, I've come to realize that many buyers in our local market do not understand how this scenario works - as we've always had an abunance of homes avaiable for sale.  However, with lower inventories and interest rates, our recent "Seller's Market" may mean that you too are more likely to experience a multiple offer situation on your next purchase, and hopefully this basic Q&A will help you be better prepared.

Will I know if I’m in a multiple offer situation?
Not necessarily. Typically it works to a seller’s advantage if buyers are told they are competing with one another. But a seller must give their agent permission to disclose the existence of other offers before this can be shared with your buyer’s rep.

How will offers be presented to the seller?
The seller decides how they want this handled, either individually or as a group presentation. Once presented, a selle
r can elect to accept (or counter) one offer, reject all offers, or reject all offers in conjunction with a request to resubmit a “highest and best” offer.

Will the details of my offer be kept confi dential from other buyers?
The only way to preserve confi dentiality is to ask the sellers to sign a confi dentiality agreement before presenting your off
er (which also applies to their agent). However, if the seller decides to have a group presentation of offers, you’ll either have to withdraw your offer or revoke the confi dentiality agreement.

If my offer has the highest price, can I be confident that I’ll beat out other buyers?
No. Sellers can accept whichever offer they consider “best” and that may be based on other factors, like the certainty of closing (e.g., the buyer is already approved on their mortgage) or fl exibility on closing dates.

What are my options for writing a stronger offer?
In addition to fi rming up your fi nancing (or paying cash) and offering fl exibility on timing, there are a number of other things you can do, including eliminating contingencies, increasing your earnest money deposit or paying closing costs, to name a few. Discuss your options with your buyer’s rep. 

If I don’t want to compete with other buyers, can I withdraw my offer?                                      Yes, as long as you deliver notification to the seller revoking your offer before they’ve accepted it.

Every home buyer benefits from having their interests represented in a real estate transaction, but in a multiple offer scenario, you’ll gain even more if you’re working with an Accredited Buyer’s Representative. Discuss these and other questions with your buyer’s rep so you can anticipate each step in the negotiation process and improve the likelihood of a successful outcome

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Christine Coleman
REALTOR / Managing Broker

Phone: 888-678-2918  
Direct: 317-450-5091
Email: Christine@ProgressiveRealEstate.net

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