Buyer In Metro Area

1st USA Realty Professionals cooperate well with other Realtors in the process of buying a home. We prefer to work as a buyer-broker with you rather than as a sub-Broker of the Realtor who is working for the Seller. We want to work for your best interest, not the Seller's.

Things a Realtor can do as a Buyer-Broker that they cannot do as a sub-Broker:

  1. Prepare and interpret market analysis done on the property you are buying. (Determine if the price and terms of the listed property are correct.)
  2. Analyze and compare the "Plusses and minuses" of different properties you are considering buying.
  3. Discuss the salability of different neighborhoods. (What neighborhoods hold their property values better.)
  4. Tell you any information discerned about the motivation of the Seller.

All new home developments use Realtors to market their properties. These Realtors encourage other Realtors to bring their Buyers to the developments and will pay normal co-op and buyer-brokerage fees. You, the Buyer, will pay no more for using a Realtor who represents you than using an area representative or Realtor who represents the Seller.

When looking at homes, we always want to be with you. We know there are times when you just want to drive around and get a "feel" of the neighborhood. We recognize this. Should you go into an open-house or model home without your Realtor, you may jeopardize your representation and may obligate yourself to additional out-of-pocket fees. So, should a model home or open-house look so good that you just have to go in, please tell the Seller's Realtor that you are working with us. Most, but not all, Realtors will honor your right to representation. Sign in and make sure you put your Realtors name down with yours. If the Seller's Realtor does not allow you to have your own representation, walk away and come back with your representative at a later time.

In today's market there are four distinct types of sellers:

  1. Traditional Sale – This is the most common type of seller. The current owners are selling the home through their Realtor.
  2. Lender Owned Property – This is very common in our current market. The bank or mortgage insurer (Fannie Mae or Freddie Mac) have taken ownership of the property. They are selling the home "as-is" and are unable to provide any information about the condition of the property. These homes are also referred to as REO Properties.
  3. Short Sales – Many homes are listed as "Short Sales". This means the home is being sold for less than the current owner owes to creditors. Although the seller may give you information on the condition of the home, it is the current creditors that will negotiate terms on the sale. The biggest drawback of "Short Sales" is that the buyer will have no control over the timeline of the sale. The creditor will take weeks or months to respond to offers.
  4. New construction – Homes being sold by the builder have some unique qualities. They normally insist that your Realtor be with you on your first visit to their model homes (show homes). Another unique aspect is that builders use their own contracts rather than the Standard Arizona Purchase Contract. Be sure you understand the differences; there are many.