A real estate agent plays a vital role in helping homebuyers find and purchase their perfect home. The process of buying a home can be overwhelming and confusing, but with the help of a professional realtor, the experience can be much more manageable and enjoyable.
One such real estate team that provides top-notch buyer services is "Your Perfect Home Brokered by eXp." This team of experienced agents understands the ins and outs of the real estate market and is dedicated to making the home buying process as stress-free as possible for their clients.
One of the key services offered by Your Perfect Home Brokered by eXp is their comprehensive property search. The team uses the latest technology and market analysis tools to identify the best properties that meet the buyer's criteria. They take into account the buyer's budget, desired location, and any specific requirements, such as the number of bedrooms or the size of the backyard.
Once the team has identified a list of potential properties, they will schedule viewings for the buyer. The agents will accompany the buyer to each property, providing valuable insights and information about each property and its surrounding neighborhood. They will also answer any questions the buyer may have and provide guidance on what to look for when viewing a property.
Another important service offered by Your Perfect Home Brokered by eXp is negotiation. When a buyer has found their perfect home, the team will work to secure the best possible deal for their client. They are experts in negotiating with sellers and understand the delicate balance between getting the best price for their client and ensuring the sale goes smoothly. The team will handle all of the negotiation and communication with the seller's agent, allowing the buyer to focus on other aspects of the home buying process.
The team at Your Perfect Home Brokered by eXp also provides support during the financing and closing process. They will help the buyer find the best financing options to suit their needs and budget, and will guide them through the application process. The team will also work with the lender, attorney, and other professionals to ensure the closing process goes smoothly and on time.
Finally, Your Perfect Home Brokered by eXp is dedicated to providing excellent customer service throughout the entire home buying process. The team is available to answer questions and provide support at any time, and they are always looking out for their clients' best interests. Their goal is to ensure their clients have a positive home buying experience, and they are always willing to go the extra mile to make that happen.
Your Perfect Home Brokered by eXp is a team of experienced real estate agents who are dedicated to providing top-notch buyer services. From the comprehensive property search to the negotiation and closing process, the team is there to help their clients every step of the way. If you're in the market for a new home, consider working with Your Perfect Home Brokered by eXp to ensure a stress-free and enjoyable home buying experience.
Check out the rest of our services on the right.
The experience of purchasing your first home should be a source of joy and fulfillment, leaving you with cherished memories to cherish in the years to come.
If you are contemplating selling your home in the near future, it's crucial to understand that today's housing market is truly exceptional and distinct from anything we've seen before.
When buying or selling a home, there are so many options…which can also present a lot of obstacles. Laws change, forms change, and practices change all the time in the real estate industry. Because it’s our job to stay on top of those things, hiring a realtor reduces risk, and can also save you a lot of money in the long run.
When you work with me as your Realtor, you’re getting an expert who knows the area; knows how to skillfully guide your experience as a seller or buyer; can easily spot the difference between a good deal and a great deal. My job is to translate your dream into a real estate reality, and I work hard to earn and keep my business. This also means earning your trust: When you work with me, you’ll be working with a realtor who looks out for your best interests and is invested in your goals.
There are two different types of loans conventional loans and government-backed loans. The main difference is who insures these loans:
1 - Government-backed loans (FHA, VA and USDA):
(a) - Are, unsurprisingly, backed by the government.
(b) - Include FHA loans, VA loans, and USDA loans.
(c) - Make up less than 40 percent of the home loans generated in the U.S. each year.
2 - Conventional loans:
(a) - Are not backed by the government.
(b) - Include conforming and non-conforming loans (such as jumbo loans).
(c) - Make up more than 60 percent of the loans generated in the U.S. each year.
1 - FHA LOANS:
FHA loans, which are insured by the Federal Housing Administration, are typically designed to meet the needs of first-time homebuyers with low or moderate incomes. FHA loans can be approved with a down payment of as little as 3.5 percent and a credit score as low as 580.
FHA loans are often called “helper loans,” because they give a leg up to potential borrowers who may not be able to secure one otherwise. For this reason, FHA loans have maximum lending limits, which are determined based on housing values for the county where the for-sale home is located.
Because the agency is taking on more risk by insuring FHA loans, the borrower is expected to pay mortgage insurance both at the time of closing and on a monthly basis, and the property must be owner-occupied.
2 - VA LOANS:
VA loans are backed by the Department of Veterans Affairs and they are guaranteed to qualified veterans and active-duty personnel and their spouses. VA loans can be approved with 100 percent financing, meaning VA borrowers are not required to make a down payment.
Unlike FHA loans, borrowers do not have to pay mortgage insurance on VA loans.
3 - USDA LOANS:
You may also hear about USDA loans, which are backed by the United States Department of Agriculture mortgage program. USDA loans are intended to support homeowners who purchase homes in rural and some suburban areas. USDA loans do not require a down payment and may offer lower interest rates; borrowers may have to pay a small mortgage insurance premium in order to offset the lender’s risk.
Buyers who have a more established credit history and a larger down payment may prefer to apply for a conventional loan. These loans may offer a lower interest rate and only require the home buyer to purchase monthly mortgage insurance while the loan-to-value ratio is above a certain percentage, so a conventional loan borrower can typically save money in the long run.
Conventional loans are divided into two types: Conforming loans and non-conforming loans.
1 - CONFORMING LOANS:
Conforming loans are those that meet (or conform to) predetermined standards set by Fannie Mae and Freddie Mac — two government-sponsored institutions that buy and sell mortgages on the secondary market. By selling the loans to "Fannie and Freddie," lenders can free up their capital and return to issue more mortgages than if they had to personally back every loan that they approve.
The main standard for conforming loans is that the amount borrowed must be under a certain amount; in Alaska, a single-family home loan must be under $647,200 in order to be considered conforming.
Properties with more than one unit have higher limits.
2 - NON-CONFORMING (JUMBO) LOANS:
But what happens if a borrower wants to borrow more than the Freddie- and Fannie-approved loan amount? In this case, they would have to apply for a “jumbo loan,” which is the most common type of non-conforming loan.
Because the lender cannot resell the jumbo loan (or any non-conforming loan) to Freddie Mac or Fannie Mae, jumbo loans are considered to be riskier than a conforming loan. To protect against this risk, the bank will typically require a higher down payment; the interest rate on a jumbo loan may also be higher than if the same borrower applied for a conforming loan.
Rate types: Fixed-rate vs. adjustable-rate mortgages.
In addition to the loan type you choose, you’ll also have to determine if you want a fixed-rate mortgage or an adjustable-rate mortgage (ARM). A fixed-rate mortgage has an interest rate that does not change for the life of the loan, so it provides predictable monthly payments of principal and interest.
An adjustable-rate mortgage typically offers an initial introductory period with a low-interest rate. Once this period is over, the interest rate adjusts periodically, based on the market index. The initial interest rate on an ARM can sometimes be locked in for different periods, such as one, three, five, seven, or 10 years. Once the introductory period is over, the interest rate typically readjusts annually.