Tuesday, November 27, 2007

Homes by Owner: Why you Need a Real estate Professional in Fargo.

What Fargo, Moorhead, West Fargo Real Estate Agents will do for you.

64t1.jpg Establish a relationship with a Realtor..
Find a Fargo Moorhead West Fargo agent with extensive market knowledge. They will work closely to find the right home for you

Evaluate your needs with a Lender . . .
Once Fargo agents establish your needs,they will provide guidenceto financial instituitions where you can obtain the best financing available. They will meet to discuss your needs and analyze your options here in the The Red River Valley.
Fargo Moorhead agents will show you homes based on the criteria that we establish. With their background work complete the search process will be less stressfull and you will be better able to relax and enjoy the process of looking for the right property in Fargo Moorhead West Fargo ND.
. . .
Once you have found the home that you wish to purchase, Fargo Moorhead West Fargo agents will do all the necessary research to help you structure an effective offer.
Write An Offer To Purchase . . .
Fargo Moorhead agents will draft the Purchase Agreement for you, advising you on protective contingencies, customary practices and local regulations. At this time you will need to provide an “earnest money” deposit. (This deposit is not cashed until your offer has been accepted by the Seller).
Presentation Of The Offer . . .
Fargo Moorhead West Fargo agents will present your offer to the Seller and the Seller’s agent. The Seller has three options: they can accept your offer, counter it, or reject it. Their personal knowledge of your needs and qualifications will enable Them to represent you in the best way possible.
The Seller Responds . . .
Fargo Moorhead agents will review the Seller’s response with you. Their negotiating skills and knowledge will benefit you in reaching a final agreement.

After Your Offer is Accepted . . .
When the Purchase Agreement is accepted and signed by all parties, your earnst money will be deposited. The title company will begin title work and They will begin to satisfy any contingencies contained in your offer.

The Contingency Period. . .
This is the time allowed per your Purchase Agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject. Typical contigencies include:

- Approval of the Sellers Property Disclosure Statement
- Approval of the Attorny’s Preliminary Title Opiniont
- Loan approval including the credit approval
- Fee Appraisal of the property
- Physical inspections of the property

Homeowners Insurance . . .
Fargo Moorhead West Fargo agents will coordinate between your insurance Agent and the Title Company to make sure your policy is in effect at close of sale.
Down Payment Funds . . .
You will need a cashier’s Check or money transfer prior to the closing date setforth in your offer.
Closing Day . . .
When all the conditions of the Purchase Agreement have been met, you will sign your loan documents and closing papers. You will pay the balance of your down payment and closing costs to the title company. The Deed will then be recorded at the County Recorder’s office and you will take ownership of your home!
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