Beware of Home Builders Bearing Gifts

Why You Need A Buyer Agent When Purchasing A New Construction Home

Visiting a display home looking to buy a newly construction home is something that many people have done. Many people however do not know the importance of having a buyer agent with them when visiting the display homes. They therefore tend to use the agents on duty at the display home for advice and information about the houses. This may be disadvantage to you because the agent on duty represents the interests of the seller (Builder). You need to find a buyer agent who will represent your interests and give you correct advice when you are selecting the house to buy.

Why you need buyer representation when entering a display home

Once you enter a display home the Builders agent will request you complete a registration form. Completing that simple form insures the builder will not pay your representative a fair commission and could have a huge impact on your options, lot selection and even slow to complete your requested changes or complaints. Informing the Builders agent that you have a buyer’s agent will insure you receive proper representation. Scrupulous builders may even offer additional options or savings if you do not use a buyer’s agent. This is prohibited by law and you will soon discover little to no savings because they increase costs on other options.

Why do they have a display home?

A display home is a house that is used by a builder to demonstrate to the buyers of the appearance of the prospective house. They are buildings that were constructed for that single purpose. Most of the display homes are fully furnished to give the buyers a mental picture of the appearance of the houses once they are completed. When visiting a model home, it is important to have a buyer agent. There are several advantages of having a buyer agent as compared to using the agents at the display home. Some of the advantages are as listed below:

A buyer agent allows you to save money. They negotiate with the agents/builders at the display home to agree on a price that is proportional to the value of the house.

A buyer agent also provides all the information you need to know about the house without any refrains. This is because their main duty is to represent your interests when buying the house. This helps you to make a decision on whether or not to buy the house with all the information provided.

The buyer agent is also responsible for evaluating the display homes. This is so that they can determine which has the best bargain for you before you actually visit the display homes together.

Having a buyer agent is not a legal requirement and you may opt to use the agent on duty at the display home. This may be very disadvantageous to you because, the display agent represents the interest of the seller (Builder). They will therefore suggest a higher price that may be way above the real value of the house. The agent’s main purpose is to market the house and they may therefore misconstrue some important information about the house.

Conclusion

It is important to have a buyer agent when visiting the display home instead of using the agent to duty at the display home. This is because they represent the interests of the builder. A buyer agent will be able to let you into the secrets to buying a home from a builder. There are firms like RE/MAX Best Choice that have been offering buyer representation to the residents of Jefferson County for over a decade. Frank and Laurie have been full time Realtors since 1997 specializing in Jefferson County homes. Firms like RE/MAX Best Choice offer buyer representation services for free and offer advice to their clients on the houses they want to buy.

Contact us today at 314,845,3400 or visit us at  Frank and Laurie

HOW AN EXTENDED GOVERNMENT SHUTDOWN WILL AFFECT REAL ESTATE BUSINESS

HOW AN EXTENDED GOVERNMENT SHUTDOWN WILL AFFECT THE REAL ESTATE BUSINESS

One may ask, how is this possible? The government shutdown occurs when the Congress or the President fails to pass bills and appropriations for funding government operations and agencies. This is what has happened in the United States in the last two days. It's over now, and the government workers are supposed to return to work as usual and continue to deliver to the citizens. Many businesses would have been affected if the shutdown had continued for a longer period. Real estate business is one of the sectors which would have been largely affected.

Mortgage Approval

One of the effects of the shutdown is that mortgage approval will be delayed until the government resumes normal operations. This, in turn, will mean those in mortgage business and other home buyers who apply for housing securities in government agencies (of which most are) will have to hold their horses till then. The business will go down, and so will the sales.

The government shutdown will result in the delay of closings while most transactions will be terminated as a result of this. In other cases, home sellers will lose bids because their clients are no longer sure of the fate of their business.

The shutdown will also lead to losses because home buyers will reduce their offers due to the uncertainty. FHA or VA mortgage applicants may also face delays if and when departmental workers will be sent home, and there is no one to process their loan requests. Also, the delay could occur when a lender needs to verify a Social Security number and there is no one to answer the phone on the other end. The borrower may be delayed due to such.

The Internal Revenue Service will have a few workers in the office. The workers will help to ensure that records are well maintained and updated as required and that systems are working as usual to record payment of taxes. Verifying information and processing mortgage requests is not essential, so the workers will have to go home. This means no mortgages will go through, thus affecting home buyers as well as home sellers.

Application for a mortgage requires clearance from the Internal Revenue Service which documents and passes the information to the lender about the borrower's financial capabilities. This service will come to a halt because government offices won't be operational.

Businesses in St. Louis, Missouri will also be largely affected. People who visit St. Louis for family outings and historical tours will not be able to do so because most housing businesses will be shut down, and government agencies for clearance and giving access will be closed.

The Visitor Center at the Arch and the Old Courthouse could remain closed because they are government-sponsored agencies.

This means that buying a home at St. Louis will be hard and may take a long time hence causing inconvenience to most of the clients. When many government agencies stop their operations it is not one sector that is affected since they are interconnected in a way. Actually when a few are shutdown many more or all government agencies will be closed.

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Moving With A Pet

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Moving Wіth A Pеt

Moving саn be vеrу stressful еvеn fоr humаnѕ, so juѕt іmаgіnе hоw bаd іt саn bе for your реtѕ. Thеу саn еаѕіlу gеt ѕtrеѕѕеd out when there's unexpected асtіvіtу аrоund them оr when thеу'rе іntrоduсеd tо a new еnvіrоnmеnt. Mоvіng wіth реtѕ is nоt an еаѕу tаѕk but thеrе аrе no proven ways to mоvе wіth your реtѕ but wе wіll list ѕоmе tірѕ that wіll mаkе the сhаllеngе easier fоr уоu and уоur реtѕ.

1. PREPARE A TRAVELLING KIT: Prepare an еаѕіlу-ассеѕѕіblе trаvеllіng kit fоr уоur реtѕ thаt соntаіnѕ еnоugh food, bеddіngѕ toys and оthеr thіngѕ thаt аrе nееdеd аnd ресulіаr tо уоur реt that wіll ѕuѕtаіn thеm аnd make them соmfоrtаblе аnd rеlаxеd for the jоurnеу. 

2. CONTACT YOUR VET: If уоu'rе moving out оf an аrеа tо аnоthеr area, уоu muѕt inform уоur vеt ѕо уоu саn take rесоrdѕ and аnу рrеѕсrірtіоn medications wіth you thаt may be needed bу уоur реtѕ thrоughоut thе jоurnеу аnd еvеn whеn settling dоwn іntо уоur new аrеа. Yоu саn also ask fоr rесоmmеndаtіоn for another vet іn уоur nеw nеіghbоrhооd.

3. KEEP YOUR PETS REFRAINED: Durіng the mоvе itself, thе bеѕt wау tо reduce stress оn an аnіmаl іѕ to kеер thеm іn thе ԛuіеtеѕt аrеа роѕѕіblе. Mаkе sure to rеfrаіn them frоm thе расkіng аnd unpacking. Alѕо mаkе ѕurе tо tаkе proper саutіоn tо monitor tеmреrаturе, wаtеr and food supply if they will be thеrе for ѕоmе tіmе. Make ѕurе you check іn on thеm regularly, аnd trу tо feed or wаlk thеm at thе tіmе уоu usually would; hаvіng ѕоmе ѕеnѕе оf a routine in the mіdѕt оf аll thе changes wіll hеlр a lоt.

4.TAKE YOUR PET IN YOUR VEHICLE: Tаkе the pet to the nеw hоuѕе іn уоur оwn vehicle. Sоmе animals саn bе рut іn a саrrіеr іn thе bасk ѕеаt, whісh саn thеn bе ѕесurеd with a ѕеаtbеlt. Sоmе animals саn also bе moved in cages depending on уоur specific реt. Some аnіmаlѕ feel mоrе comfortable іf you thrоw a blаnkеt оvеr their саrrіеr durіng thе саr rіdе so thеу саn't see thе environment сhаngіng оutѕіdе. 

5. DON'T LET YOUR PET OUT UNTIL YOU'VE ARRIVED: Be саrеful оf lеttіng your реtѕ оut whеn trаnѕроrtіng the animal tо your new neighborhood bесаuѕе іf thеу gеt оut thеу саn easily gеt lоѕt. Once thеу'rе іn thе саr, іt'ѕ important tо nоt frее thеm untіl thе реt іѕ іn the nеw hоmе, еvеn if the pet іѕ usually well-behaved оr dосіlе. Give thеm a fеw dауѕ іn thе nеw hоmе tо аdjuѕt and fоr safety rеаѕоnѕ. Use thіѕ trаnѕіtіоn to уоur аdvаntаgе. 

6. KEEP YOUR PET SECLUDED: Move thе hоuѕе before уоu mоvе thе реt. Set uр аѕ much аѕ уоu саn, еvеn just іn a room, bеfоrе уоu іntrоduсе thе animal to the nеw home. Cоnfіnе thеm tо a section оf thе hоuѕе whіlе thеу ѕlоwlу аdjuѕt to their surroundings. Give уоur pet lots оf attention аnd іntrоduсе fаmіlіаr objects lіkе toys оr blаnkеtѕ аѕ ѕооn as роѕѕіblе. Mаkе thеm feel аѕ аt hоmе аѕ you dо! 

7. UPDATE THEIR INFO: Immеdіаtеlу аftеr уоu move, mаkе ѕurе уоu update their tags or mісrосhір іnfоrmаtіоn tо thе nеw address and рhоnе numbеr ѕо аѕ to find thеm іn саѕе thеу get lost.

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