Butler Realty

Buyer Tips 

Real Estate Tips for Buyers

Before you head out to buy your first, second, or tenth home or property, you might want a refresher course on some basics in real estate buying. Now is a great time to be buying if you can, but you will want to make sure you have all your ducks in a row first, in order to ensure a smooth and hassle-free transaction for yourself. 

If you know you're ready to begin the process of obtaining your dream property, read on.  We have put together a list of excellent tips for all buyers.  Also, be sure to click on the links throughout this content as we have tried to include as much information as possible on our site to make you confident and well-informed about your real estate decisions. 
Find a Buyer's Agent
Much confusion often exists about the role and goal of a buyer's agent.  Many buyers believe they are required to pay a buyer's agent.  This is simply not the case.  The seller pays the buyer's agent as well as the listing agent.  That is, the two agents will split the commission earned from the sale.  You, the buyer, do not pay for anything other than your new property.  But don't think this means a buyer's agent will just try to push you into buying a property so that he or she can earn money.  A large majority of every realtor's clientele comes from referrals and repeat customers.  So a buyer's agent is going to do everything in his or her power to make sure you are 100% satisfied with the buying process and your purchase.  After all, he needs your recommendations and hopes that when you are ready to sell on down the road, you will return and use him as your listing agent.  For more information on why it is so important to have a buyer's agent, click this link: Why Use a Buyer's Agent?
Get Pre-approved
Unless you are buying a home cash out, meaning you have actual cash you are brining to closing for the entire cost of the home, you will need to borrow money and obtain a mortgage for the loan. Even if you are selling another home and buying a new one, you will need to become re-qualified to buy now. This entails sitting down with a lender, bank, mortgage broker, or private investor and going over all your finances to make sure you can actually afford a home and exactly how much you can afford. The lender will typically go over all your income, debts, credit scores, and anything else they may need to complete the preliminary financing. Once they have done this, they will usually issue you a pre-approval letter stating how much you can afford. This is a great tool to present to sellers during the offer period as it shows you have already done your homework and are a smart buyer.

Have an Inspection

Even if you plan on asking for nothing from the sellers, this is still a great way to learn all you can about your new home, such as how long you have until the roof will need to be replaced. It helps determine the life of appliances like furnaces, water heaters, central A/C, or heat pumps. Basically, the inspection helps you learn all you can about the largest investment you are probably going to make in your life. We have expert inspectors in the Ardmore real estate area that know the in's and out's of Tennesee and Alabama real estate. For more information about home inspections, check out this page: Why Have a Home Inspection?

Keep All Agreements in Writing

As your broker, we will keep all documents and agreements in writing and make sure all we do is professional and straightforward; however, we may be initially unaware of some issues that could arise. For this reason, you will want to make sure you have every detail of your transaction and proceedings recorded in writing. Keep in clear communication with your agent through the whole process about what stays, what goes, and/or if there is extra money involved. Escrow will need to track all funds at closing, so make sure everything is agreed upon in writing.

Get Homeowners Insurance

If you are selling one home and buying another, then you will need to let your current homeowners insurance know of the move and find out if there are any changes to the policy. If you are brand new at owning, you will want to shop around and find a company you trust and get some quotes on homeowners insurance. This will financially protect you from fire, theft, weather damage, and any other issues you have agreed to on the policy.

Aside from all of the tips and helpful information presented above, we have other articles that are well worth your time if any of these situations applies to you: 

First-Time Buyers provides great advice for those people who have not experienced this process before.  Do not be intimidated.  We have experts who are eager to make this a memorable, exciting experience for you.

Buying with Zero Down Payment gives great advice for those people who may be seeking to purchase a home without making a down payment.  Do not just assume that buying is not an option for you.  Talk to one of our agents about your options today. We want to help you find what you're looking for.    

Want to know more about the Ardmore real estate area? Moving Guide to Ardmore Real Estate Market is a great article for all buyers considering this area. This market is growing, and we are eager to show you what our community and surrounding areas have to offer. 

Finally check out this link on common Buyer Mistakes to know what to look out for and avoid. Our agents are here to help you avoid these mistakes and ensure a smooth, hassle-free tranaction for you. 

With these tips, you should be in a good position for buying Ardmore TN homes and property or Ardmore AL homes and property. We are experts in this field and want to show you how fun and easy buying real estate can be! Start your online search here first or give us a call today for more tips and information on Ardmore real estate. 

Butler Realty helps sellers and buyers come together over the right home and right price. With up-to-date listings, current market conditions, and local information, we are your full service source for all Ardmore AL/TN real estate.

We want your Ardmore real estate experience to be a stress-free and smooth transaction whether you are buying or selling Ardmore homes or properties. As your Ardmore realtor, our goal is your goal, and we make every effort to buy or sell your property on your terms and your price.

We service the entire Northern Alabama and Southern Tennessee areas, including the counties of Limestone, Giles, Lincoln and Madison in both states. If you would like more information about our listing service or buyers agency, please do not hesitate to contact us anytime.  

In Tennessee call 931-427-4411 and in Alabama call 256-423-4411 or email info@ButlerRealty.com.  We look forward to speaking with you about your specific Ardmore real estate needs.