Murfreesboro Realtor explains, finding the Perfect Home. In Middle Tennessee. For Buyers and Sellers

April 27, 2010 - PRLog -- How can I find the perfect home for me?

Home of the no risk listings. The number one reason home owners who are thinking of selling are hesitant to sign up with Real Estate Agent is they are afraid of the long term contract. Now we’ve removed that problem. When you let us help you sell your house we will allow you to cancel the contract at anytime. If we are not living up to what you expect from a realtor or if for some reason you change your mind we will cancel the contract that day. Now that’s peace of mind.

Find a realtor. The seller pays the commission to your realtor, so it costs you nothing to have a realtor. Your realtor serves you by letting you know what houses are available that meet your needs (they have access to a special database) and by answering your questions about the process. In theory a realtor should also help you get the best price but don't count on it because the more you pay for the house, the more the realtor makes in commission.

Tell the realtor what part(s) of town you want to live in, what kind of house you want, and how much the bank said they'd loan you. Your realtor will give you a list of houses that match your criteria. Go look at them.

When you find a house you want get the Disclosure from the seller. This is a list of problems with the house that the seller knows about, and which the seller must give you by law.

You'll make the offer by signing a contract. If the seller accepts your offer then they'll sign too. At this point you're generally obligated to buy the house and the seller is generally obligated to sell, though depending on the wording of the contract either of you could have the right to walk away from the deal under certain circumstances.

Have the house professionally inspected. You generally have to pay this yourself, at the time, and it will cost $350 or so. If the inspection turns up problems not listed on the disclosure which will cost a lot to fix, try to get the seller to lower the price or fix the problems before the sale -- or walk away from the deal if your contract allows that and that's what you want.

The bank will have the house appraised to make sure it's worth what you're paying for it. (They don't want to loan you $200,000 to buy a house that's worth only $150,000.) You might have to pay this up front, otherwise it will be added to your closing costs. Besides paying for it up front if that's required, you're not involved in this step of the process.
Closing. You go to the office that's handling the closing (a title company or an attorney, usually selected by the lender or the seller), to take care of the paperwork. You'll owe some money, such as the down payment, and closing costs unless you got those rolled into the mortgage. You've either already arranged with your bank to wire the funds to the closing company, or you bring a bank check with you to closing. You don't need to get a check for the mortgage loan, the bank will wire that directly to the office handling the closing.

Please feel free to call or email me anytime.
Mike O'Donnell
615-473-5684
Tema@comcast.net
mbororealestate.com

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As a FULL TIME realtor in Murfreesboro TN, I can and will devote whatever time is needed to help you meet your real estate needs.
I treat each client with respect and dignity whether the property you are interested in is worth $5000 or $5,000,000.