Exclusive Buyer Agents: Do not list homes or represent sellers Work for real estate companies that take no listings Work solely for the buyer Remain loyal to the homebuyer throughout the transaction Avoid conflicts of interest inherent in the traditional seller-oriented purchase transaction Never
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03/24/2010
The Smartest Way to Buy a Home Lifetime Channel's "The Balancing Act" with Beth Troutman Get an Agent on YOUR side! Get an Exclusive Buyer's Agent! Exclusive Buyer's Agents do not list homes for sale and never represent Sellers. They have no "inventory" to try and sell you. They can represent you
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03/18/2010
When you use an Exclusive Buyers Agent, they are not biased in their opinion of which properties they want you to view or buy. Our Exclusive Buyer's Agent was very willing to show us any property that we wanted to see. He went the extra mile and beyond to meet our needs and wants in a home. He wo
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02/24/2010
Newly revised for 2010, HUD's latest publication related to buying a home is titled, "Shopping for Your Home Loan: HUD's Settlement Cost Booklet." It is a must-read for anyone who will be buying a home in 2010 (or beyond). In spite of the title, the booklet doesn't just contain information on ho
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01/01/2010
Here is a nice clip from CNN that covers the many conflicts of interest that can exist if you don't make sure the agent you hire will work only for you.
11/18/2009
Section B of Page 2 of the Good Faith Estimate (GFE) has 9 parts. Let's go through them. Item 3 will be a list of required services that the lender will select. These are services necessary in order to complete your transaction. These charges are subject to a 10% tolerance at settlement, meaning
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11/11/2009
Page 2 of the new Good Faith Estimate (GFE) will look significantly different from Good Faith Estimates of the past. Section A has 2 parts. Item 1 is the origination charge, or what the lender is charging you for the loan. This number includes ALL lender fees, combined into one figure. These fees
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11/11/2009
The bottom half of page 1 of the Good Faith Estimate (GFE) form begins with a Summary of your Loan Section. This is where a lot of disclosures regarding the loan will be made. What is the initial loan amount? What is the initial interest rate? What will your initial monthly payment be? (Principal
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11/11/2009
Let's examine the top half of Page 1 of the new Good Faith Estimate (GFE) form. One of the first changes you will notice about the Good Faith Estimate form is that it now asks for the Loan Originator's email address. It also asks for a Property Address. Remember, without a property address (the o
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11/11/2009
Due to RESPA Reform, as of January 1, 2010, lenders are required to use a new, uniform, Good Faith Estimate (GFE) form. This new form creates additional disclosure and transparency about the loan product being offered as well as the costs to the borrower. The Good Faith Estimate (GFE) form is 3
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11/11/2009
