BUYER’S AGENT SERVICES IN OREGON & WASHINGTON.
Why have the Opal Archer Real Estate Group to Represent you?
We understand that buying a house can be a daunting experience if you don’t know what you unfamiliar. At Opal Archer we are experienced real estate professionals with years of experience. We have been involved in countless real estate transactions and are equipped to act as your guide throughout the entire buying process. From Pre-Approval, Due Diligence, and Negotiation and Closing we are equipped to help your needs. We understand what a big life decision and treat each transaction like we are the ones buying a house, helping you determine value and evaluate risk and ultimately help you achieve all of your real estate goals.
HOW TO BUY A HOME WHEN YOU ALREADY OWN A HOME
Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?
There are three options to consider when you want to move but you already have a home. The easiest requires the most money and income, while the least risky option comes with a bit more complexity. Regardless of which option is right for you, we help people buy and sell all the time, and can help you as well!
Option 1: Buy and Sell later (or keep as a rental):
This requires that you qualify for the new loan and comfortably pay both mortgages if you hold and rent the first house, or until you sell the first house. This makes it easier to be a buyer and given that the average home sells in 44 days [and many in the first week] you won’t have two homes for very long. Or you can pay cash for your next home.
Option 2: Buy and Sell at the same time:
This is called a contingent purchase, where you get an offer accepted on the next house that is subject to selling your first house. They close the same day or within a couple days and you pay off the existing loan and buy your next house with a new loan and cash from the sale. This can make it harder to get your offer accepted, and until you get an offer on the home you’re selling you might get “bumped” by a non-contingent buyer on the house you want to purchase. One key to this process is to have your existing home ready to be put on the market within a day or so of getting your offer accepted.
Option 3: Sell then Buy:
This is the least complex option, but you might have to move twice unless you can rent back the house you sold while you buy your new house. You'll know exactly how much money you have to work with, and you can take your time looking. Plus, you only have one mortgage at a time. Many of our clients have enjoyed renting a condo or other unique property while they are between homes.
Other ways to make a move easier:
Borrow from family as a bridge loan
Borrow from retirement
Get the seller to carry the first or second loan on the new house
Get early occupancy and move in before you sell and then close simultaneously
Refinance or use a HELOC to buy the new house and then pay off when you sell
Not familiar with the home buying process? Read the full Home Buying Process Outline here.
Buyers Agent Home Buying Process and Scope Our of Services:
Introductions & Understanding Your Goals
Mortgage Pre-approval
Sending you MLS listings and Off Market Deals
Property Evaluations and Tours
Comparables
Structuring the Sale and Transaction Management
Manage all the details of your real estate transaction
Carefully write, review and present all offers on your behalf
Use unique and specialized sales approach in negotiations to optimize the overall outcome of your purchase from written offer negotiations, acceptance and inspection repair negotiations.
Open escrow, direct earnest money instructions
Order the preliminary title report and review the condition of title
Order the HOA documents including the CC&Rs, budgets, by-laws and minutes of board meetings
Arrange for the property inspections and repair negotiations
Coordinate with Sellers Agent and Professionals for any agreed-upon home repairs
Assist with understanding all disclosures and potential environmental hazards
Oversee the loan approval process to be sure your transaction closes on time
Provide updated preliminary closing statements for your review
Protect your rights as a home buyer throughout Closing
The Opal Archer Real Estate Group does not wait till tomorrow. We Understand that some transactions at times are actually 24/7 and we are very proactive to Get It Done. We will ensure your real estate transaction closes on time and is hassle-free for you.
Solid relationship to top local trade Professional for your referral. If you’re buying a house that needs work or your want to remodel, you can’t expect to do it all yourself. We personally have years of experience remodeling homes and working Contractors, Electricians, Plumbers, Oils Tank specialists etc, working on our own properties and connecting clients with the best professionals in the trades. We know the right person and the right price to use for your jobs and our references are at your disposal.
Cost to hire a buyer’s agent
After all, it doesn’t cost buyers anything to hire a buyer’s agent. Our commission is already offered by the seller to be split with the listing agent. If you don’t hire a buyer’s agent, the 100% of the commission will be kept by the seller’s agent while you will receive a dual representation as a buyer from the agent that originally represents the seller. Do you think you can receive a fair representation as a buyer? Think again if you believe you can save money by not hiring a buyer’s agent. We bring a tremendous value in helping your get approved, negotiate, evaluate and close on the biggest purchases of your life.
