Buyers: We work for FREE!!

Very often buyers don’t know that they can use the services of a real estate professional without paying a fee for their services since sellers traditionally pay all of the commissions. It just makes good sense for a buyer to be represented in a real estate transaction. If a buyer contacts the agent of the seller, the seller’s agent will facilitate the transaction, but they are committed to the seller and NOT working for you.

When you work with a Realtor in a buying capacity, 2 things happen: 1) Your best interests are now the sole responsibility of that Realtor. In fact, he or she is bound to give you COALD by definition of the Realtor code of ethics and he or she can be fined and/or lose their license if they fail to do so. COALD is an an acronym for Care, Obedience, Accounting, Loyalty, and Disclosure. All of these acts as well as more are owed to you as the client. 2) Your Realtor is paid by the commission that the seller is paying to sell their home. Let me clarify, you do not pay your Realtor when buying, the person selling their home pays both the selling Realtor and the buying Realtor out of the selling commission. There are exceptions of course, but the Remarkable Homes Team will never ask you to pay!

If you are considering buying or selling Nashville Real Estate you need a top Realtor in Nashville!! Be sure to give Grant a call with any questions that you may have 615-945-7123. You can also email him at info@remarkablehomes.com.

Search the entire Middle Tennessee MLS for free, learn more about nashville mortgage rates, and even see the 22 most common buyer mistakes on our website!

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Buyers: We work for FREE!!

Very often buyers don’t know that they can use the services of a real estate professional without paying a fee for their services since sellers traditionally pay all of the commissions. It just makes good sense for a buyer to be represented in a real estate transaction. If a buyer contacts the agent of the seller, the seller’s agent will facilitate the transaction, but they are committed to the seller and NOT working for you.

When you work with a Realtor in a buying capacity, 2 things happen: 1) Your best interests are now the sole responsibility of that Realtor. In fact, he or she is bound to give you COALD by definition of the Realtor code of ethics and he or she can be fined and/or lose their license if they fail to do so. COALD is an acronym for Care, Obedience, Accounting, Loyalty, and Disclosure. All of these acts as well as more are owed to you as the client. 2) Your Realtor is paid by the commission that the seller is paying to sell their home. Let me clarify, you do not pay your Realtor when buying, the person selling their home pays both the selling Realtor and the buying Realtor out of the selling commission. There are exceptions of course, but the Remarkable Homes Team will never ask you to pay!

If you are considering buying or selling Nashville Real Estate you need a top Realtor in Nashville!! Be sure to give Grant a call with any questions that you may have 615-945-7123. You can also email him at info@remarkablehomes.com.

Search the entire Middle Tennessee MLS for free, learn more about Nashville mortgage rates, and even see the 22 most common buyer mistakes on our website!

Funny Real Estate Anecdote

I was showing a property to a client yesterday in Brentwood when the doorbell rang (now keep in mind that I had made an appointment to show this home to my client and generally the family who lives in the home leaves for an hour or so), so I decided to go to the door and see who it was. I opened the door and it was a caterer. The man was very flush in the face and was apologizing for being late and began to push his way into the house with a tray of hot something (it smelled great). I tried to catch him and tell him that I was not the owner, but this guy was totally shutting me out and concentrating on getting all of the food and wine inside. So, I decided to call the home’s owner to let her know what was going on, but before I was able to dial the number, the caterer turned the corner and saw my client (here’s where it gets funny). The caterer stops in his tracks and just stares at my client (let’s call him Bob for the sake of this story) and Bob is looking quizzically back at this red faced caterer. After a few moments, the caterer blurts out, “Oh my gosh, I’m so sorry, your wife told me that you might fly home early today and for me not to be late! I really didn’t mean to spoil your surprise birthday party.”

Now Bob has this really odd look on his face and says, “Sir, my wife and I are divorced. I don’t even live here.” When the caterer hears this news, he gets visibly upset and rushes back to the kitchen mumbling to himself the whole way. I run into the kitchen to try to explain that I am a Realtor who is showing this home to Bob who is a potential buyer for the home, but this caterer is just going nuts! He starts into this half coherent rant about how his wife’s brother talked him into partnering in this catering company and how he is always stuck doing all of the work and that no one appreciates his effort and how could his brother-in-law book a party that wasn’t even going to happen, and so on. During this whole rant he is throwing around all of the food and utensils that he just brought in and begins to make his way to the door. Just then Bob springs into action and physically blocks the front door. He stops the caterer and holds his cell phone up to his ear and pretends to talk, “Honey, I am so sorry about the divorce and I really miss you. I think that we should work it out. I’ll be at your house tonight around 7.” Bob then closes the phone and says to the caterer, “Change of plan, we’re back together and I want to have a party!”

This completely catches the poor caterer off guard and gives me time to jump in there and fully explain the situation. Once I had finished my explanation and we were on the same page, I called the owner and had a great laugh!

Update: The home owners had a great surprise party and the owner’s husband was completely caught off guard by the party. Today, the owners got more great news, Bob made an offer on the home and it they accepted it shortly thereafter! So here’s the moral of the story: 1 great house + 1 red faced caterer + 1 great buyer = 1 great sale!!

I love my job and I love selling real estate in Nashville!!

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Funny Real Estate Anecdote

I was showing a property to a client yesterday in Brentwood when the doorbell rang (now keep in mind that I had made an appointment to show this home to my client and generally the family who lives in the home leaves for an hour or so), so I decided to go to the door and see who it was. I opened the door and it was a caterer. The man was very flush in the face and was apologizing for being late and began to push his way into the house with a tray of hot something (it smelled great). I tried to catch him and tell him that I was not the owner, but this guy was totally shutting me out and concentrating on getting all of the food and wine inside. So, I decided to call the home’s owner to let her know what was going on, but before I was able to dial the number, the caterer turned the corner and saw my client (here’s where it gets funny). The caterer stops in his tracks and just stares at my client (let’s call him Bob for the sake of this story) and Bob is looking quizzically back at this red faced caterer. After a few moments, the caterer blurts out, “Oh my gosh, I’m so sorry, your wife told me that you might fly home early today and for me not to be late! I really didn’t mean to spoil your surprise birthday party.”

Now Bob has this really odd look on his face and says, “Sir, my wife and I are divorced. I don’t even live here.” When the caterer hears this news, he gets visibly upset and rushes back to the kitchen mumbling to himself the whole way. I run into the kitchen to try to explain that I am a Realtor who is showing this home to Bob who is a potential buyer for the home, but this caterer is just going nuts! He starts into this half coherent rant about how his wife’s brother talked him into partnering in this catering company and how he is always stuck doing all of the work and that no one appreciates his effort and how could his brother-in-law book a party that wasn’t even going to happen, and so on. During this whole rant he is throwing around all of the food and utensils that he just brought in and begins to make his way to the door. Just then Bob springs into action and physically blocks the front door. He stops the caterer and holds his cell phone up to his ear and pretends to talk, “Honey, I am so sorry about the divorce and I really miss you. I think that we should work it out. I’ll be at your house tonight around 7.” Bob then closes the phone and says to the caterer, “Change of plan, we’re back together and I want to have a party!”

This completely catches the poor caterer off guard and gives me time to jump in there and fully explain the situation. Once I had finished my explanation and we were on the same page, I called the owner and had a great laugh!

Update: The home owners had a great surprise party and the owner’s husband was completely caught off guard by the party. Today, the owners got more great news, Bob made an offer on the home and it they accepted it shortly thereafter! So here’s the moral of the story: 1 great house + 1 red faced caterer + 1 great buyer = 1 great sale!!

I love my job and I love selling real estate in Nashville.

How Much Does It Really Cost to Buy a Home?

Well, that depends on a number of factors, including the cost of the house and the type of home loan you get. In general, you need to come up with enough money to cover three costs: the deposit you make on the home when you submit your offer – known as earnest money; the down payment, a percentage of the cost of the home that you must pay when you go to settlement; and the closing costs, the costs associated with processing the paperwork to buy a house.

When you make an offer on a home in Middle Tennessee, your real estate agent (hopefully us) will put your earnest money into an escrow account. If the offer is accepted, your earnest money will be applied to the down payment or closing costs. If your offer is not accepted, your money will be returned to you. The amount of your earnest money varies. As a general rule of thumb, count on between 1 and 2 percent of the home’s total value for a serious offer.

The more money you can put into your down payment, the lower your mortgage payments will be. Some types of loans require 10-20% of the purchase price. That’s why many first-time homebuyers turn to HUD’s FHA for help. FHA loans usually require only 3% down – and sometimes less. In fact, I have seen some loans that require $0 down, but be careful, your interest rate usually gets bumped up significantly for these types of loans and you’ll end up paying more in the end.

Closing costs – which you will pay at the closing table – average between 3% and 4% of the price of your home. These standard costs cover various fees your lender charges and other processing expenses. When you apply for your loan, your lender will give you a good faith estimate of these closing costs, so you won’t be caught by surprise!

Still have some questions? One of Nashville’s top Realtors will be more than willing to answer any of your questions. Contact the Remarkable Homes Team anytime!

Remember, if you are considering buying or selling Nashville real estate or just have real estate related question, trust the Remarkable Homes Team and our 17 years of real estate excellence!

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How Much Does It Really Cost to Buy a Home?

Well, that depends on a number of factors, including the cost of the house and the type of home loan you get. In general, you need to come up with enough money to cover three costs: the deposit you make on the home when you submit your offer – known as earnest money; the down payment, a percentage of the cost of the home that you must pay when you go to settlement; and the closing costs, the costs associated with processing the paperwork to buy a house.

When you make an offer on a home in Middle Tennessee, your real estate agent (hopefully us) will put your earnest money into an escrow account. If the offer is accepted, your earnest money will be applied to the down payment or closing costs. If your offer is not accepted, your money will be returned to you. The amount of your earnest money varies. As a general rule of thumb, count on between 1 and 2 percent of the home’s total value for a serious offer.

The more money you can put into your down payment, the lower your mortgage payments will be. Some types of loans require 10-20% of the purchase price. That’s why many first-time homebuyers turn to HUD’s FHA for help. FHA loans usually require only 3% down – and sometimes less. In fact, I have seen some loans that require $0 down, but be careful, your interest rate usually gets bumped up significantly for these types of loans and you’ll end up paying more in the end.

Real Estate Closing Costs

Which you will pay at the closing table – average between 3% and 4% of the price of your home. These standard costs cover various fees your lender charges and other processing expenses. When you apply for your loan, your lender will give you a good faith estimate of these closing costs, so you won’t be caught by surprise!

Still have some questions? One of Nashville’s top Realtors will be more than willing to answer any of your questions. Contact the Remarkable Homes Team anytime!

Remember, if you are considering buying or selling Nashville real estate or just have real estate related question, look to Grant Hammond and his real estate market expertise.

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