What a Randolph Home Buyer Should Know
Douglas ?Doug? Tucker, Randolph realtor and Broker-Associate of RE/MAX Properties Unlimited answers common questions home buyers ask before they start looking for a home. Many clients have asked questions of members of Doug's Real Estate Team so they have provided this list for your information.
Common Questions asked of Randolph Realtors
Q. Why should I work with a real estate agent for my home purchase?
A. The purchase of a home may be the largest investment you ever make. A Randolph realtor who works with buyers will help you determine the type of neighborhood you are looking for (i.e., urban, suburban, a small town feel, or the center of a city like the Morristown Green), research the local school system, and negotiate a sales price using their skill, expertise, and knowledge of homes sales in Randolph.
Q. What if the seller changes their mind?
A. Once a home seller makes a decision to sell, you hope they stick with that decision. However, they do have the right to change their mind if attorney review is in process and they either receive a better offer from another buyer, or decide not to sell their home.
Q. What do I need when I write a contract for the purchase of a home?
A. You will need the following items when you have your realtor write a contract of sale:
? Loan pre-approval from a reputable lender, mortgage commitment, or proof of bank funds;
? Deposit check;
? An idea on the top price you feel most comfortable paying for the home;
? When and how much your other deposit moneys will be released; and
? The closing date you would prefer.
Q. How do I know my buyer?s agent is ethical?
A. Each buyer?s agent and realtor abide by a code of ethics. If you would like to check if an agent is in good standing, contact the Real Estate Commission, the National Association of Realtors, or the North Central New Jersey Board of Realtors for information.
You should also ask trusted friends or family members for a realtor they have worked with in the past and were happy with. Although it may be easier to work with a family member or friend who has their license, it is advisable to work with a realtor that has many years experience successfully negotiating on behalf of homes buyers, and knows the Randolph housing market.
If you have any questions about buying a home in Randolph or the surrounding areas, work with a professional realtor. Call Doug Tucker of the Douglas Tucker Real Estate Team at RE/MAX Properties Unlimited at 973-769-1563, or email me and I will respond to you promptly.