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Buyers Beware:
Top things buyers should think about when buying a home. First off is a quick overview of the players.
Buyer, buyer agent, buyers personal lawyer-the good guys
Seller, Sellers Agent, Bank Lawyer, Home Inspector, Mortgage Company, Title Company, Insurance Company and more. None of the latter wholly represents the buyers interests.
Remember that there are 2 sides to a real estate transaction. Make sure you keep privileged information to your self. Don't assume that someone
represents you no matter how nice they appear.
Some Basics:
Buyers Agents represent the buyer only.
Seller agents must disclose anything you tell them to seller
You get an affidavit from Certified Buyers Agents when you first meet them which declares who the buyers agent represents
Oral Contracts don't apply to Real Estate in MA.
Earnest Money Deposits aren't always refundable
Deposits are normally held in non interest bearing escrow accounts
We can easily and quickly arrange to get you into any home on the market today-regardless of who the listing broker is. You see that is really the whole idea. Buyers want easy, open access to everything and they want to get the best deal. But they need help and sometimes want advice. So the best way to accomplish this is to get your own personalized buyer
services. This agent will represent you and only you.
Buyer Beware Tips:
Don't sign a Buyers Agency Contract with anyone-its not standard in
the industry. Leave yourself some options.
Don't put your social security number on contracts, offers, etc.
Avail yourself to free advice on line on how to boost credit scores
If renting now, make sure your security deposit was held in an escrow
account. Its the law and it makes it easier to get your money.
Sellers must give you 10 days to inspect for lead paint
Sellers and sellers agents don't have to tell you in someone committed
suicide in a house.
Mold is a lot simpler to test for than you think.
Radon Gas is the second leading cause of lung cancer after smoking
Think you should check for radon gas-cost average is $35.00/ test kit.
Fax signatures were recognized as binding when Bill Clinton signed the
bill into law. Now esignatures can be agreed on as binding to parties.
The interest rate you are quoted is privileged info-not sellers business.
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