Home Buyers in Tyler, TX & East Texas
Full-Service Plan For Buyers
We stay in touch with you via phone, email, FAX, or however you like to communicate.
As a buyer the Texas Real Estate Commission allows a realtor/ broker to represent you as a buyer in your purchase of a home. The preliminary form INFORMATION ON BROKER SERVICES is on our website. If you want us to represent you as a buyer, then you will need to sign the 4 page Buyer’s Representation Agreement. We as real estate agents are willing to work with you in either capacity.
When you contact us with the parameters and dates you want to look at properties, we will arrange information through the Greater Tyler Association of Realtors multiple listing service, which extends not only to Tyler and Smith County, but also to most of East Texas. Ours is an active MLS. We also check with FSBOs, private listings and other sources available to us in obtaining properties. Often a buyer like yourself, supplies us with a list of properties by address or MLS number, which we research and give you this information. We can also supply information on schools, Megan’s Law , etc – which is often just giving you a website.
NOTE SITES ABOVE to find PROPERTY INFORMATION
- MONEY to CLOSE – Reinforcing your offer to be a stronger buyer.
- CASH – A letter from your banker or other sources to verify the funds are available.
- LOAN – We can:
- Provide a list of lenders (or use the phone book)
- Visit with the lender before looking for homes…then your offer is a much STRONGER one. We highly recommend the buyers on the loan fill out the HUD loan application, make an appointment to personally visit with lender to get the pre-approval letter.
We can gather for you any other information you need to make an informed decision on the purchase of your home, land, etc. We will also supply you with comparable sales on the area or neighborhood you have interest in. Information provided from other sources is deemed reliable, but not guaranteed. Buyer must verify this information and we can help with this. The writing of your offer can be by email or FAX, at your home or our office. Then 1 or 2 checks from you – one for earnest money and one for the option fee (for the unrestricted right to inspect the property within a specified time, then the right to accept or reject the property – loose your option money, but your earnest money is returned).
CONTRACT AND OPTION PERIOD
- Present all offers and provide professional advice on your options – prepare a closing statement so you have an idea of cash needed to close – this will often be evenings and/or week-ends if necessary. Your lender can provide a more accurate closing statement.
- Negotiate on your behalf after we have discussed the details with you.
- We can supply a list of inspectors, surveyors, insurance companies, repair contractors or buyers may use the telephone yellow pages. Licensed inspectors may be located at the Texas Real Estate Commission website.
- Also help you check property restrictions, zoning of subject property and surrounding properties.
- Make sure all provisions of the contract are fulfilled during the option period.
WALK THRU before closing to be sure property is in reasonably the same condition at time of possession as at time of inspections and negotiated (if any are requested)
- Repairs done as requested and/or paid receipts by contractor provided before closing.
- Closing statement from the title company or attorney for you hopefully 24 hours before closing, so any mistakes can be corrected, then accompany you to closing at the title company or the attorney’s office.
- Allow enough time to walk into a bank, etc. to get a cashier’s check made out to the title company or attorney to cover your closing costs.
- Finish loose ends after closing.
- A note on hiring an inspector – home, termite, septic, others scope of inspection fee – suggest paying at end of inspection as the inspections often determine if you will continue with the pending sale – if not you still owe the inspector – as one young man said “the inspections are the best money spent in purchasing a home”.
- His schedule – staying within the option period
- His qualifications
Additional Information for Home Buyers