Building a solid relationship with a realtor is important. The realtor will be working with you in finding the perfect home to meet your unique needs. Professional realtors have extensive market knowledge and will provide guidance in your buying process.
Your realtor will show you homes based on the criteria that you have given him. The more previse and direct you are with your realtor, the more successful your search will be.
Once you have found your perfect property, your realtor will research the homeowner's motivation for selling, helping leverage your negotiating power in an offer to purchase.
Your realtor will draft a purchase agreement, advising you on customary practices, local regulations, and protective contingencies. You will need to provide an "EARNEST MONEY" deposit at this time, usually ranging from 1% to 3% of the purchase price (deposit amount is not cashed until your offer is accepted by the seller.) Your realtor will present your ofer to the seller's realtor. The seller will then either accept your offer, counter your offer, or reject your offer.
You and your realtor will review the seller's response. Your realtor's knowledge of the process and strong negotiating skills will help you reach an agreement you feel good about.
Your realtor will open escrow for you once the purchase agreement is accepted and signed by all parties. Your "EARNEST MONEY" will be deposited at this time. All funds associated with your transaction, either held, received, or distributed, will be handled by your escrow or title company.