Buying
A Home When
buying a home—whether it's your
first, second, or a getaway vacation home—you're
bound to have many questions. Our website offers a wealth of
information about the home finding and buying process.
Steps to Success for Buying a Home
Step 1 - Buying Consultation
Purchasing a home is one of the greatest rewards in life. When you hire Prudential Utah Real Estate to assist you in purchasing a home we will do our absolute best to give you the personal attention and service you deserve. We will help you to find a great home, with fair terms, at a good price. Let’s work together to make your dreams a reality.
Step 2 - Loan Pre-Approval
There are many advantages to getting pre-approved for a mortgage loan. You will know exactly what you can comfortably afford and will not be looking at homes out of your range. You become a “qualified buyer” which puts you in a stronger negotiating position with sellers. If your offer is accepted, your pre-approval can simplify the closing process.
Step 3 - Searching for a Home
One of the many advantages of hiring Prudential Utah Real Estate as your buyer’s agent is the valuable resources we have available to use when searching for a home. Along with being members of the Board of REALTORS® with access to the Multiple Listing Service, we also work as a team with other brokerages in town to provide a larger network of information
and service.
Step 4 - Viewing Homes
This is an important time to work as a team to achieve the best results for you. Remember, we are here to assist you and guide you throughout the entire home buying process. Viewing homes can be a fun, but timely process so it is important to view only homes that meet your needs, and to be mindful of the appointments we set up.
Step 5 - Develop a Pricing Strategy
Once we find a home you like, you may decide to submit an offer on the home. Before writing an offer, we will do some research to be sure the Seller’s pricing is in-line with the current market conditions. We can pull up the recent activity of sales listed in the Multiple Listing Service to find comparable home’s pricing.
Step 6 - Writing and Negotiating an Offer
Our experience, knowledge and commitment to you will truly shine once we write an offer for your desired home. There are many important strategic factors to consider besides the price. This is where we really make a difference as we assist you in evaluating every important term of the contract to be sure we are looking out for your best interests.
Step 7 - Managing the Transaction Through Closing
Once your offer is accepted by the Seller you are then “Under Contract”, but we still have much work to do to ensure a successful closing. Many of these steps will have strict deadline dates applied, and if not completed properly and on time, could cause forfeiture of your earnest money and loss of the sale. We will prepare you for the steps to expect.
Steps to Success for Selling Your Home
Step 1 - Selling Consultation
Our top priority is not only the successful sale of your home, but more importantly to provide you with a real estate experience that is stress-free and satisfying. Mutual communication will help us to fully understand your needs, concerns and expectations. We are committed to always work for your best interests because our goal is the same as yours.
Step 2 - Develop Pricing Strategy
When looking for a home, buyers will go through extensive comparison shopping with much of their concern focused on price. It is important for us to determine a realistic and accurate market value for your home. We want to set the price of your home high enough to ensure a maximum return to you, yet still appear attractive to buyers when compared to similar homes.
Step 3 - Develop Marketing Strategy
Knowing where buyers come from is the first step in developing a strong and successful
marketing campaign. While the typical home buyer views several homes before purchasing
a specific home, some information sources play a more significant role in the home
purchase decision.
Step 4 - Implement Customized Marketing Plan
Prudential Utah Real Estate has developed a very comprehensive and effective marketing plan. By using our many reliable resources and fully customizing our plan to best suit your needs, we are able to generate the maximum amount of market exposure for your home. The results are a better perception of your home with a greater amount of buyer attention.
Step 5 - Understanding Your Role
Your role throughout the selling process can have a great impact on it’s success. Working as a team, we can maximize our efforts to reach our common goal of selling your home at the highest possible price in the shortest period of time. Here are some guidelines and tips for you to follow and we are always happy to make further recommendations.
Step 6 - Negotiating the Purchase Contract
Our experience, knowledge and commitment to you will truly shine once we receive an offer for your home. There are many factors to consider besides the price. This is where we really make a difference as we assist you in evaluating every important term of the contract, and determine a focused strategy to be sure we are looking out for your best interests.
Step 7 - Managing the Transaction through Closing
Once you accept a buyer’s offer, your home is then “Under Contract.” Although under contract, we still have much work to do to ensure a successful closing. Many of these steps will have strict deadline dates applied, and if not completed properly and on time, could cause forfeiture of the contract and loss of the sale. Listed below are some of the steps to expect.
CHOOSING A REAL ESTATE PROFESSIONAL
Whether you are selling or buying a home, selecting a real
estate sales professional is one of the most important decisions
you will make during the process.There are some very important
things you should consider when choosing a real estate professional.
One of the first considerations is who the agent represents
during the process.
REAL ESTATE AGENCIES
It is important that you know the differences between a professional
who represents a seller (the "traditional" role
of a sales associate), a professional who represents a buyer,
and one who represents both. In most areas, real estate professionals
are now legally obliged to disclose, in writing, information
on the various types of real estate agency relationships
that exist. You should assume the real estate professional
is working for the seller unless otherwise stated.
Seller's Agent - A real estate
professional becomes a Seller's Agent by entering into a listing
agreement to represent the seller's interests. Seller representation
may also be created when a real estate professional shows a
property on the Multiple Listing Service and "buyer agency" has
not been created. The Seller's Agent can provide information
to assist the buyer, but they must place the interests of the
seller first. A buyer should not disclose anything to the Seller's
Agent they do not want the seller to know.
Buyer's Agent - A real estate
professional becomes the Buyer's Agent by entering into an
agreement to represent the buyer. A Buyer's Agent can assist
the seller, but does not represent the seller. The Buyer's
Agent must place the interests of the buyer first. A seller
should not tell the Buyer's Agent anything they would not want
the buyer to know, because the Buyer's Agent must disclose
any pertinent information to the buyer.
Dual Agent - Dual agency occurs
when a real estate professional represents both the seller
and the buyer. It can also occur when the Listing or Seller's
Agent works for the same real estate firm as the Buyer's Agent.
In most states, the buyer, the seller, and the Agent must agree
in writing for the creation of dual agency. The Dual Agent
is required to treat the buyer and seller honestly and impartially.
In dual agency, the professional's duties are more limited
and there is potential for conflict of interest. You may hear
the terms "transaction broker" and "intermediary" in
association with dual agency.
>> back
to top
Selling A Home - Increasing
Your Homes Value
OUTSIDE
It is estimated that more than half of all houses are sold before the buyers
even get out of their cars. So stand across the street from your house and
review its curb appeal.
- Sweep front walkway.
- Remove newspapers, bikes, and toys.
- Park extra cars away from the property.
- Trim the shrubs.
- Apply fresh, clean paint throughout.
- Clean windows and window coverings throughout.
- Keep plumbing and all appliances in working order.
- Maintain all sealants (window, tub, shower, sink, etc.) in
good condition.
- Make sure roof and gutters are in good condition; no repairs
needed.
- Mow the lawn more frequently and plant flowers.
- Keep pet areas clean.
INSIDE
- Kitchen and bathroom should shine.
- Quick once-over with the vacuum; carpets should be clean.
- Place fresh flowers in the main rooms.
- Put dishes away, unless setting a formal display for decoration.
- Make beds and put all clothes away.
- Open drapes and turn on lights for a brighter feel.
- Straighten closets.
- Put toys away.
- Turn off television.
- Play soft music on the radio/stereo.
- Keep pets out of the way and pet areas clean and odor-free.
- Secure jewelry, cash, prescription medication, and other
valuables.
- Enhance the spaciousness of each room.
- Pack away collectibles to allow buyers to envision their
own furnishings in the home.
IMPORTANT REMINDERS
- Potential buyers usually feel more comfortable if the owners
are not present.
- If people unaccompanied by an agent request to see your property,
please refer them to your real - estate professional for an
appointment.
- Leave a number where you can be reached if you are leaving
town, even for a weekend.
>> back
to top
|
(435)
645-5811
