Keller Williams Realty

  NORTH DALLAS REAL ESTATE

Buyers Resources

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A virtual up-to-the-minute monitor of New Listings, Price Changes and Listed Foreclosures as they come on the market. It's like watching NASDAQ for residential listings!

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Before you buy a new home find out how a real estate agent can help you?   Whether you're in the market to buy a primary residence, an investment property or a second home, purchasing real estate involves many important considerations and decisions. A real estate agent can provide the focus, due diligence and expertise needed to help you find the home of your dreams.   A Real Estate Agent will:   • Assist in determining how much house you can afford and help you get pre-qualified or pre-approved for a loan.   • Simplify your search by helping you define home and neighborhood criteria.   • Screen new listings daily and alert you of homes that match your criteria.   • Keep you abreast of local market conditions, so you can make informed decisions.   • Gather in-depth detail on each home, schedule tours and point out the advantages and possible drawbacks of each property.   • Work with you in drafting an appropriate offer and serve as your representative when presenting it to the seller.   • Negotiate a contract that considers your goals and leads to a successful closing.   • Supply a list of service providers, such as inspectors, mortgage companies, appraisers, title companies, home warranty providers, insurance agencies, movers and more.   IMPORTANT TO NOTE: A listing agent works exclusively for the Seller and must do everything possible to get the best deal for their clients. This is outlined in the IABS form that the state of Texas requires all real estate agents present to new customers. If you are a buyer, and you want to be represented with the same commitment as the seller, using a Buyers Agent and signing a Buyers Representation Agreement will provide that advantage.    This simply means that if you buy a house using the listing agent, that agent works only for the Seller and can not represent your best interests. If you are going to buy a house, use a Buyers Agent that will represent you as a buyer, signing a Buyers Rep. agreement creates that type of agency. It cost you nothing to use us as your Buyers Agent, and it could save you more then just money.   Deciding how much house you can afford Before you contact your real estate agent you need to determine how much house you can afford, which will entail getting either pre-qualified or pre-approved for a home loan. A real estate agent can help you find a mortgage broker to begin the process. While getting pre-approved is a more in-depth process, a pre-approval letter lets both real estate agents and sellers know that you're a serious shopper who means business. Use our Mortgage Calculator to get a general of what your monthly payments will be. What do I do to get pre-qualified? A prequalification can be done online or over the phone and does not require your submitting financial documents. You will be asked to provide basic information about your finances — for instance, your household income versus your debt load. With this information, the lender will estimate what your maximum loan amount could be if you were to apply.  What about getting pre-approved? A pre-approval is more involved and a real estate agent can help you prepare your documentation. The lender will perform an extensive review of your finances, requiring pay stubs, tax records, credit accounts, bank statements and more. This figure will not only be a more reliable estimate of what you can afford, but your pre-approval also indicates that a lender is willing to do business with you, pending the purchase price, market appraisal and the underwriting process. What should I ask when shopping for a lender?   What loan programs do you offer and which one do you think is best for me? How long will the loan approval process take? What line items of the loan agreement – if any – are negotiable? What is your policy for locking in interest rates, and will you honor a lower rate if it declines during the lock-in period? Are there fees for prepaying on my loan?

Buying-A-Home.com - Home Buyer Guide Information about common buyer problems every first time home buyer needs to know!

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If you would like to buy a house or are thinking about selling your existing home, Call 214-336-7088 or e-mail me at  jayhendrick@kw.com

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Frisco foreclosures offer a tremendous amount of value and can save the buyer thousands.

           NORTH DALLAS REAL ESTATE