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BUYER'S TIPS

#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, Realtors

1. Choosing a Agent
  Choosing a good real estate agent is your most important task. When you find an honest, hard-working agent, they will take care of things for you effectively so you don’t have to work so hard. When you choose an agent, you should be looking for the following qualifications:
  #1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, RealtorsProfessional knowledge and experiences, as well as reliability and a sincere attitude
#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, RealtorsFamiliarity with the area that you are interested in buying in
#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, Realtors A buyer’s agent is better than a dual agent--a listing agent who acts as the agent for both the seller and buyer
   
2. Understanding the Current Market
 
Try to understand the current market—use the MRMLS to check for newly listed houses to get a head start. Before you start looking at houses, log on MRMLS to search for the houses that fits your criteria. The MRMLS has each house’s pictures, address, price, and number of rooms, number of bathrooms and garages, a fairly good description, and the property tax of each property.
   
3. Taking Notes
  Take notes: After you look at a couple houses on location, it’s easy to get them mixed up. So take notes of the houses that you are interested in, write down the features you like such as the school district, the central air conditioning, the location, and the structure of the house, etc.
   
4. The Purpose of a Deposit
  Buyer is required to give a check as a deposit to the buyer’s agent upon submitting the offer as a proof of the buyer’s seriousness and will to buy this house. During the negotiation period, the buyer’s agent temporarily keeps the check. When the offer is accepted and the deal goes into Escrow period, then the Escrow Company will cash the check and making it into a real deposit. In case the buyer breaks the contract, the deposit might be used to pay for the losses of the seller. If the offer is rejected and the deal is off, then the buyer’s agent will give the check back to the buyer.

The deposit is part the down payment: For example, if you buy a $100,000 house, and the down payment is 20%, then your down payment will be $20,000. If your deposit is $5,000, then you will just have to pay $15,000 more before the Escrow closes to make up the down payment of $20,000
   
5. What is the Closing Cost?
  In the process of completing the deal, there are many related costs that need to be paid by the buyer. Such as, loan originating fee, appraisal fee, county tax, credit check fee, document preparation fee, escrow fee, loan processing fee, title insurance fee, loan application fee, etc. Generally, the closing cost is about 3% of the house’s value.
   
6. Importance of Home Inspection
  It’s up to the buyer to decide if a home inspection is needed. But generally, due to our lack of knowledge of the material and structural component of the house, it’s wise to hire a professional to inspect the house and report to you and your agent about the flaws of the house. You can use the report and request the seller to correct these flaws or sometimes you might even decide not to buy the house when the problem is more serious than just a flaw.
   
7. A Qualified Inspector
  A qualified inspector will have a membership id card from ASHI (American Society of Home Inspectors). They use a standard system to inspect the houses. The items that they check include: foundation, water and electricity system, door, ceiling, wall, floor, roof, dangerous material, water heater, air conditioning, insulation, etc.
   
8. To be there on the Inspection
 
It’s better if you can be there during the inspection: I suggest to all my clients to be there physically during the inspection. That way you can understand every problem in the report. If you cannot go there yourself, you should inspect the written report carefully. If some items are unclear to you, you should talk to the inspector and figure out if the problems are minor maintenance or major repairing, or sometimes you need to hire other professionals to look at it again.
   
9. How to react to the flaws in the inspection report?
 
After understanding the seriousness of each item listed on the inspection report, you should decide which flaws are acceptable and which ones you would like the seller to correct. If the problem is in any way concern of safety, than you should consider giving up the house. If the items needing repair ends up costing a lot of money and the seller refuses to comply with your request, then maybe the price of the house should be reduced. However, please note that all these requests and decisions should be made within the contingency period according to the contract.
   
10. What is the FINAL WALKTHROUGH?
 
The final walk through is the last inspection of the house by the buyer after closing and before the seller turns over the key. This step is to ensure the condition of the house was as good as it was before, and to inspect the improvements the seller made in comply with your repairing requests.
   
11. Why does the buyer pay for the appraisal?
 
If you apply for a loan, the lender will hire an approved appraiser to get the value of the house that you are planning to buy in order to approve your loan. The appraisal fee is about $250 to $300 and the buyer pays it. Generally the appraiser will look at similar houses sold within the past 6 months, compare their conditions, features, and prices, and try to figure out a fair price for the house you are buying. Appraising a house is somewhat subjective to the appraiser’s opinions. In fact, the appraiser’s experiences, familiarity to the area and the condition of the house at the time of appraisal will also affect the estimated value of the house. Cleaning the house before the appraisal will help a lot. Some sellers will even write a report with a list of features of the house.
   
12. The Benefits of Using a Professional Realtor
  You’ll experience a wide variety of benefits when you hire a real estate professional. Successfully selling a property is a complicated exercise, and Realtors have the experience, resources and contacts to complete your sale quickly and smoothly.
 
#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, RealtorsPricing
A Realtor will set the selling price of your property at a level that accurately reflects its value in current market conditions and will not cost you missed opportunities.

#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, RealtorsMarketing
A Realtor will have many useful suggestions on ways to improve the marketability of your property, including cosmetic repairs and other items that will create a favorable impression among buyers. Your property will enjoy a wider exposure among buyers when you use a Realtor. In addition to using flyers and organizing open house days, a Realtor’s extensive contact list of former clients, newly qualified buyers and other industry professionals can significantly reduce the time your property is on the market. A Realtor will also allow you to tap into a highly productive and extensive industry network, such as a Multiple Listing Service or other industry marketing system.Advertising your property efficiently is another area where a Realtor can play an important role. A Realtor’s experience in deciding on the most appropriate type and frequency of advertising for your property can be invaluable. For example, placing too many ads can create the impression that there may be something wrong with the property or that the seller is desperate.

#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, RealtorsSecurity
Security is a major consideration when showing your home. By using a Realtor, you can rest assured that all showings will be pre-screened and supervised.

#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, RealtorsNegotiating
When negotiating a purchase, most buyers prefer to deal with a middleperson who is objective, unemotional and professional. Buyers will often feel more comfortable with a Realtor than with the owner when they want to raise issues that need resolving before making an offer.

#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, RealtorsMonitoring, Renegotiating, Closing or Settling
A Realtor will guide you through the minefield of potential problems associated with the appraisal, inspection and financing process, including the often complicated escrow instructions. In addition, your agent can meet and instruct any specialists or tradespeople who may be required for repairs or other issues that need to be completed before closing.
   
 
#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, Realtors#1 realtor - Chino Hills, Chino Valley, Corona Valley, Diamond Bar, Rowland Heights, Eastvale, California, CA, Inland Empire, San Bernardino, Real Estate, Agents, Top Agent, Realtors
 




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