Get a Buyer's Agent
A Buyer's Agent works for the buyer to negotiate the LOWEST price while the agent listing a home works to get the HIGHEST price for the seller. If you are relocating to El Paso – Fort Bliss, Texas area you probably do not have the luxury to ask family or friends for a referral.
Get a Lender:
Ask your Buyer's Agent for a list of lenders. Of course, this is where you need to make sure your Buyer's Agent has years of experience in your local market. A word of caution, if you decide to find your own mortgage broker first check with FHA Mortgage Review Board for a list of lenders Violating Regulatory Standards.
Make the offer:
Ask your Buyer's Agent to run comparable. Do not go to Zillow.com and expect to find the correct value for the home you are bidding on. To get a federally guaranteed loan, a law called FIRREA (Federal Institutions Reform, Recovery and Enforcement Act) requires an appraisal from a professional appraiser. Zestimates are statistical algorithms of the fair market value of a given area and are grossly inaccurate. If you know anything about statistics you know there can be a huge margin for error depending on the amount of data used in the sample.
If your are relocating to El Paso or Fort Bliss Texas be sure to contact Yvonne Russell, RE/MAX Buyer’s Agent.
Thank you for your interest in homes on my RE/MAX homefinder website. Call today and let my experience find you some of the best areas to buy a home in.
Buyer’s Agent RE/MAX Associates
10940 Ben Crenshaw, Suite C
El Paso, Texas 79935
CELL (915) 873-8646 | (888) 845-2408 | FAX (915) 594-9253
Russell-Realtor
El Paso Preferred Lenders
MLS Find Homes in El Paso
JD Power Survey-”Top Rate Real Estate Agent”
Posts
