Selecting A Real Estate Agent For First Time Home Buyers
This BLOG On Selecting A Real Estate Agent For First Time Home Buyers Was UPDATED On August 25, 2017
Selecting A Real Estate Agent For First Time Home Buyers should not be stressful or difficult. Selecting A Real Estate Agent For First Time Home Buyers is important in a sense that the realtor and the home buyers need to get along and buyers need to feel comfortable.
- All realtors are not created equal.
- Many realtors work part time.
- Some real estate agents prefer to work with seasoned home buyers so they do not have to hold their hands.
- Yet, there are other realtors who have banker hours and takes them a few days to get back to their clients.
Helping First Time Home Buyers
Selecting A Real Estate Agent For First Time Home Buyers:
First time home buyers should interview several realtors before choosing which realtor they want to represent them.
- There are many real estate agents that specializes in helping first time home buyers realize their American dream of home ownership become a reality.
- There are realtors that are Accredited Buyer’s Representative.
- What is a Buyer’s Representative?
- An Accredited Buyer’s Representative act as an advocate for the buyer, protecting their best legal and personal interests throughout the real estate transaction process.
Home Buyers With Bad Credit
Many realtors specialize in working with home buyers who first time home buyers, by educating them throughout the home buying and mortgage process and helping them achieve their dreams come true!!!
Expert Sellers Agent
Sellers have realtors working hard representing them so why can’t home buyers have real estate agents represent them?
- There are many talented experienced real estate agents who specialize in being home buyer’s representative represent home buyers..
Certified Distressed Property Expert
There are many experienced real estate agents that deal with distressed properties.
- There are many real estate always takes pride in the service and commitment to their clients. .
- Many first time home buyers become lifelong family friends with their realtors and receive the benefit of inheriting a real estate expert to be part of their family.
Foreclosure And Short Sale Expert
In the past four years, and with today’s economic troubles, many realtors are helping more and more families avoid foreclosure whenever possible by specializing in short sales and getting their certification as a Certified Distressed Property Expert.
Many real estate agents share what they have mastered with their extensive training. Some receive advanced training and get designation called the CDPE: Certified Distressed Property Expert.
As a CDPE, she is a master and expert in helping at risk families avoid foreclosure and preserve their financial futures as much as possible.
- There are currently over 1 million licensed Realtors in the United States, and less than 41,000 have earned this prestigious specialized designation!
- Many real estate agents believe their clients deserve more and get as much knowledge and training as possible.
- There are many devoted realtors who study and research the latest market news on real estate and mortgage financing.
- Being armed with the prestigious CDPE designation, many realtors are prepared to help families under distress solve the foreclosure crisis one family at a time.
Specialty Mortgage Lenders
Another great benefit that you get by working with top producing real estate agents is that they have extreme close relationships with specialty mortgage lenders. Many realtors will qualify home buyers with lenders that specialize in the following:
- Credit scores as low as 500 FICO.
- To qualify for 3.5% down payment FHA Loan, need 580 credit scores.
- Credit scores between 500 and 579, need 10% down payment.
- Home buyers can qualify for mortgage with prior bankruptcy and foreclosures but to meet minimum waiting period.
- There is a two year waiting period on FHA Loans after the discharge of Chapter 7 bankruptcy and a three year waiting period after the recording date of a foreclosure and/or deed in lieu of foreclosure, and/or short sale.
- Open collections, late payments, charge offs, judgments, and tax liens do not have to be paid with FHA lenders with no lender overlays.
- High debt to income ratio.
- Most lenders with lender overlays have a cap of 45% debt to income ratio
- However, many real estate agents have access to mortgage lenders that can cap the debt to income ratio up to 56.9%.
- Bank statement mortgage loans for self employed individuals.
- Home buyers on fixed income such as social security, disability, and pension income.
- Home buyers with little or bad credit and no credit tradelines.
- 85% Loan to Value Jumbo Loans.
- Condotel Financing.
- 24 hour underwriting and 2 week closings.
- Immediate pre-approvals and credit counseling 7 days per week.
Renting Versus Buying
- Are you a renter?
- Do you want to know if you qualify for a home?
- If you have income, you will qualify.