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The Real Estate Buyer Guide will help you learn about:- Buyer agency
- Duties of the agent
- Responsibilities following contract termination
- Compensation
- Seller`s agency
- Benefits of working with a buyer`s agent
- Types of Mortgages
- What is a Point
- Loan Application Information
- Loan Application check list
 View/download the Real Estate Buyer Guide.
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Six steps to a mortgage - guide to the loan Process. Learn about: View/download the Guide to the LoanProcess
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Homeownership has long been regarded as one of the basic elements of the American dream. Buying a home, however, is anything but basic. It is important to understand the process as well as how your specific needs fit into your search for a new home. This tutorial was designed to help you get the most out of buying a home whether you're a first-time buyer, moving up or downsizing, we'll walk you through the steps and strategies you'll need. - Getting Started
Your reasons for buying a home determine the steps and strategies you should follow.
Home sellers enlist the help of professionals to represent their interests, so why shouldn't home buyers do the same?
- Begin Your Search
The search for a new home should not start with the price. More important are the location and quality of the property and its ability to meet, or be tailored to meet, your needs.
- Make the Offer
Once you've found the home you want, it's time to negotiate the price. Find out about various factors to consider when preparing to make an offer.
- Select a Mortgage
Finding the right mortgage involves some digging. Interest rates, points, processing costs, and adjustment features all affect how well a mortgage suits your needs.
- Close the Deal
An accepted contract doesn't mean the deal is done yet, but there are things you can do to help avoid any snags.
Click here for your Free Real Estate Buyer's Guide
If there is a Buyer Agency agreement, the agent represents the Buyer. If the Buyer is looking at a home listed by their agent then the agent is working for both the Seller and Buyer and must work as a Transaction Broker. As a Transaction Broker the agent has the duty to be fair and honest with all parties. Transaction Brokers do not represent either party and may not pass on information confidential to either party. Seller's agents owe duties, loyalties and faithfulness to the Seller, and they must tell the Seller all information they know about the Buyer. Buyer's Agents have the same duties to Buyers, as Seller's Agents have to Sellers. While neither Seller's Agents nor Transaction Brokers are the Buyer's agent, they can provide you with: - Information about available properties.
- Sources of financing and available rates.
- Help in analyzing and comparing the physical and economic features of different properties.
- An opportunity to view the property.
- Assistance in making an offer to purchase.
Both types of agents are obligated by law to treat you honestly and fairly and they must: - Present all written offers to the owner promptly.
- Disclose material facts about the property known to the broker.
- Offer the property without regard to race, creed, sex, religion, national origin, handicap, or familial status.
If you choose to have a Real Estate broker represent you as your agent, you must enter into a written contract that states the following: - Clearly establishes the obligations of both parties.
- Spells out how your agent will be paid and by whom.
- The term for which the agent will represent you.
- The parameters of the home and area you want.
View/download the Buyer Representation document
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Introducing the FHA & HUD-Owned Home Sales Incentives. Increasing the Affordability of Homeownership.
INCENTIVES
Up to 110% LTV,* varies by county.**
$100 down payment with FHA financing.
$5,000 sales allowance paid to
borrower for closing costs, prepaids
and/or repairs at closing when using
FHA financing.
HUD 3% allowable closing cost
funds still apply.
WHAT PROPERTIES ARE ELIGIBLE?
All HUD-owned homes for sale in
eligible states/territories.***
Only properties purchased by an
owner-occupant are eligible.
For list of eligible homes in Miami-Dade and Broward counties contact Miami Best Real Estate Team.
*The LTV may exceed 100%, up to 110%, as the result of fi nancing closing costs and prepaid expenses, and/or to fund a repair escrow included in the sales contract. The cost of repairs
may not exceed $5,000. **Refer to maximum loan amounts section in product description.
***The new products are available in all states/ territories where HUD is currently off ering its
$100 down payment program. See product description for state restrictions. Programs available only to qualifi ed borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. 0309
Learn mortgage terms and what they all mean! View/download the Mortgage Terms document
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