Theresa Waldo
Agent
Realteam Real Estate Center

Mobile: 208-691-8315
Office: 208-691-8315
Fax: 208-772-7821


Home Buyer Guide

You have decided to buy, great – now what...

  1. Find a good Real Estate Agent and Get a Signed Buyer Representation Agreement.

    Your real estate agent will work diligently to find the home you want with the amenities you need whether you are a customer or a client. Before signing a Buyer Representation agreement, you are a customer. Entering into a Buyer Representation Agreement with your Real Estate Agent will make you a client, and that gives you legal protections that customers do not have.

    The buyer representation agreement will spell out what your expectations are, how your brokerage will get paid, when the agreement expires, and what happens when a transaction is completed.

    Legal Duties to a Customer
    • Perform necessary and customary acts to assist you in the purchase or sale of real estate;
    • Perform these acts in good faith and with honesty and reasonable care;
    • Properly account for money or other property you place in the licensee’s care;
    • Disclose “adverse material facts” to you which are, or should be, within the licensee's knowledge. These are facts that would significantly affect the desirability or value of the property to a reasonable person and facts that indicate to a reasonable person that on e of the parties cannot, or will not
    Legal Duties to a client
    • All the duties to a customer;
    • Perform the terms of your agency agreement with skill and care;
    • Promote your best interests in good faith, honesty, and fair dealing
    • Maintain the confidentiality of some client information, including bargaining information, even after the representation has ended.
  2. Find out what you can afford before looking at properties

    Pre-qualifying will help save you time and sometimes disappointment. A mistake a lot of buyers make is to start looking at homes before they know what they can afford.

    People are often surprised at how much home they can (or can’t) afford.

    If you find out what you can afford before you look, you won’t look at homes you can’t get into, and then be disappointed at what you can afford.

    Contact your local lender, bank or credit union. If you don’t have a relationship with a lender, then you should ask your real estate agent to recommend one. Your agent will be happy to suggest lenders that have helped their former clients through purchases at the best rates possible.

  3. Determine your wants and needs

    Now that you know what you can afford, it is time to discuss with your real estate agent exactly what you want and what you need. Be prepared based on your budget – sometimes what you want can’t be purchased for the price that you are able to pay.

    This is one of the places where your agent’s experience and knowledge will benefit you. Your agent will be able to show you any properties that are available with ALL the items on your WANT list in the areas you would like to be. Your agent will share the price range that you would have to be in to get one of those homes.

  4. Find your home – and buy it

    Go look at the homes that meet your needs within your price range. Your real estate agent will set up appointments to show you properties that may become your future home. There is no ‘magic number’ of homes you have to see in order to make a decision.

    The average home buyer will look at 3 or 4 homes before making a decision. Some will look at 20 homes before making a choice and some will look at 60 homes over a year and never select a home and become discouraged. Those buyers were generally not ready to buy when they started their search.

    If your real estate agent has been listening to you about your wants and needs, then they have provided you with the options they feel – based on their experience and expertise – will suit you the best. You can benefit from the exhaustive hours your real estate agent has spent learning the area and inventories before you ever decided to buy a house. An experienced and knowledgeable real estate agent will be able to know what you will like just from talking with you.

    Don’t second guess yourself if the first home you see is perfect for you – buy it!


Realteam Real Estate Center
1620 Northwest Blvd, Suite 101
Coeur d'Alene, Idaho 83814
Office:208-665-5958
Fax: 208-667-0292

Information on this website deemed to be reliable, but is not guaranteed. Please contact Realteam Real Estate Center, Coeur d'Alene, 208 665-5958 to verify all information. Web Hosting by InMotion Hosting