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Buying a Home in Indianapolis, IN

Finding and purchasing a home that will meet your needs is a significant and often stressful time. My goal is to make this transition as smooth as possible. By being honest, and taking the time to educate you as a buyer on the process, you can select a home that will be a great investment for the future!

Before you begin in your home search there are a few things we will do:

1. We meet to discuss your needs so we can focus on what is most important to you, such as:

            The type of home that will make you happy

            Appreciation in home value (not all areas appreciate the same!)

            Community               

            School systems

            Monthly house payment  

            Maintenance (do you want a project or something maintenance-free?)

            Commute to work

            Other items of importance to you   

2. I prepare you for what to expect throughout the buying process.

3. Mortgage Pre-Approval:

I will be happy to recommend several lenders to you that my past clients have had the BEST expereinces with.

Whichever lender you choose, it is important to consider the following:

  • What is the lender’s typical closing time frame? Lenders who locally fund/process their loans OR have an on-time promise for closing are typically the best to work with.
  • What fees and/or closing costs and origination charges will the lender charge for processing your loan? They should provide you with a GOOD FAITH ESTIMATE of these fees.
  • What interest rate can the lender offer you for your type of loan? Keep in mind this is always an estimate until you lock your interest rate in after an accepted offer.
  • Who do you feel most comfortable with based on them walking you thru the process and their communication?

Your Representation by a Realtor

As a buyer, you have the right to a Realtor who represents your best interests, while the seller has an agent representing his. Just as a start, your Realtor will:

  • Show you homes listed by ANY real estate company
  • Inform you about taxes, appreciation in home values, schools & vital topics
  • Ensure you don’t overpay by researching area sales & negotiating price for you
  • Negotiate closing costs you’d like the seller to pay on your behalf
  • Help order your home inspection and negotiate major repairs for you

I have a duty as your agent to represent your best interest. The following is a list of occasions when you want to be sure you take steps to protect that representation:

  • OPEN HOUSES – Feel free to go to as many open houses as you would like.  This is a great way to educate yourself about the homes that are available in your price range. Just make sure you let the agent in the home know that you have an agent representing you as you buy, and give them my name.  
  • SIGN CALLS – If you drive by a home for sale and would like to know more about it, please call me first.  Do not call the number on the sign. Talking with the listing agent might lead to you inadvertently providing information that would lessen your negotiating power if you make an offer on that home. I can show you ANY home regardless of what company it is listed with
  • NEW CONSTRUCTION – If you are considering building a new home, it is in your best interest to have your own representation.  Let the sales rep know that you have a Realtor and give them my name or card.  I will help you with decisions such as floor plan, lot and amenities that will increase your re-sale value. 
  • F.S.B.O. – Most of the time, I can help you if you are considering purchasing a home For Sale By Owner.  Most homeowner’s do not know how to file the appropriate paperwork for the transaction. One box checked the wrong way could cost you thousands of dollars

How Realtors are Paid

In Indiana, buyers do not pay their Realtors. Both sides of the real-estate commission are paid by the sellers’ proceeds at closing, and your agent then receives a percentage of the portion their broker receives