If you're ready to Buy a house or
Sell a house in,
Frisco,Plano, Allen, Carrollton, Wylie, Sachse, Murphy, McKinney, or other North Dallas locations, or just need some information from
your local Real Estate Agent, use the contacts below for
answers to your questions.
A listing agent works exclusively for the Sellerand must do
everything possible to get the best deal for their clients. This
is outlined in the
IABSform that the state of Texas requires
all real estate agents present to new clients.
YOU ARE A BUYER, and you want to be represented with the same
commitment as the seller,
signing a Buyers Representation Agreement
with your real estate agent will grant you that advantage.
This simply means that if you buy a house using the listing
agent, that agent is employed by the Seller through a contract and
can not represent YOUR best interests. If you
plan to buy a
employing a real estate agent through the use of a
Buyers Representation Agreement provides you the same agency protection as the
seller receives, as your
agent now works exclusively for you.
Without signed representation, there is no
agency agreement, and in most cases your real estate agent works
for the seller by default. It cost you nothing to use us as your Buyers
Agent, and it could save you more then just money.
contact your real estate agent you need to determine how
much house you can afford. Talk to your agent about the monthly
payments and what you feel comfortable spending on a monthly
A real estate agent can help you
find a mortgage broker
to begin the
this step will affirm that the funds you want to borrow are
available and what the limits will be. 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 and could gain added leverage in the price
is a pre-approved?
The lender will perform an extensive review
of your finances, requiring pay stubs, tax records, credit
accounts, bank statements, credit report and more. The pre-approval will allow
the lender to provide a more accurate and reliable estimate of
what you can borrow; your
pre-approval also indicates that a lender is ready to do
business with you, pending the contract, market appraisal and
What should I ask the lender when shopping for a
programs do you offer and which one do you think is best for me?
much do you require for a down payment?
interest rate will I receive?
are the terms of the loan?
much is the origination fee?
How long will
the loan approval process take?
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?
there a prepayment penalty for paying the loan off early?
in the market to buy a primary residence, an investment property or
maybe a second home, purchasing real estate involves many important
considerations and decisions. Follow the steps in The Home
Buying Process for an easier and more structured experience. Not
all real estate purchases will mirror this process as every deal
is different and problems do arise, but with the help of your real estate
agent, professional mortgage officer, and escrow agents, most
situations can usually be resolved.