Why a Buyer’s Agent?
99% of the time a Buyer’s Agent doesn’t cost the buyer anything at all!
Don’t give the seller the upper-hand
The agent representing the seller is contractually obligated to do what’s in the seller’s best interest. If they also help the buyer, they’re simply “pushing paper”.
Appraisals, Inspections, Negotiations – OH MY! Your Buyer’s Agent is there to ensure every decision you make is supported by industry knowledge, and won’t come back to haunt you.
Don’t Call the Sign or the Online Advertised Agent
Those agents work for the seller, and calling them because you don’t want to “bother” us makes it difficult for you to have representation in the future.
By all means attend Open Houses, but tell the agent hosting the event that you’re already represented.
You will NOT save money by going in without an agent!
The commission percentage being paid is already negotiated with the listing agent, so the seller will not make more money if the buyer is unrepresented. With most reputable builders, this still applies.
Once again, the on-site agent works for the builder and is contractually obligated to do what’s best for the builder. With most reputable builders, Buyer’s Agent representation won’t affect the price of the home.
Why Sold By Starkey as your Buyers Agent?
Time and expertise of 7 professionals
11 years working full-time in Residential Real Estate; volume earning a seat on the Triangle Top Producers Council; 100s of families served
Leader in the Realtor Community
NC Association of Realtors Board of Directors Member; Raleigh Regional Association of Realtors Board of Directors Member; Former Dean of RRAR Leadership Academy; Former President of NCAR Young Professionals Network
Check reviews from Realtor.com or Zillow; Realtor.com rated in the Top 5 agents in Raleigh, Cary, Holly Springs, Apex, & Fuquay-Varina based on client experience
Service after the sale
We’re ALWAYS your resource for all things home & real estate
A portion of each closing goes to your agent’s chosen 501c3 charitable organization. Sold By Starkey actively supports various Triangle charitable organizations including Cannonball Kids cancer, Note in the Pocket, The Travis Manion Founation, Abby’s Army, Hopeline, Triangle Down Syndrome Network, Triangle Young Non-Profit Professionals, and more.
Count on quick, polite, reliable customer service when we’re representing your property. The way an experience makes you feel matters.
The Process of getting to “Under Contract”
Contact an Agent!
The very first step is talking through this process w/ an agent and signing Buyer Agency paperwork, allowing this agent to represent you.
Contact a Lender!
We can provide recommendations of trusted lenders.
Agent will set up MLS search
(3rd party online sites are NOT comprehensive)
Create A List
Give your agent a list of homes you’re interested in to research.
Sometimes you can cross homes off the list just by seeing the exterior.
Remember, only view homes you’re actually serious about, as you’re asking someone to leave their home. Also, viewing too many homes clouds your memory. If you’re looking in an area and price point where homes fly off the shelf, we’ll need to plan to see things quickly; otherwise, we’ll try to plan a date in the near future to see multiple properties at once.
Make an offer!
Sometimes an offer is accepted as-is, sometimes it’s countered, and sometimes you’ll enter a “multiple offer situation”. If you go Under Contract… congrats! If not, WASH-RINSE-REPEAT.
Sign Paperwork & Deliver Checks
(Due Diligence and Ernest Money) to your agent.
What comes with an offer?
How much are you offering the seller for their home?
Due Diligence Date and Amount
This is paid to the seller to take their home off the market for you to complete inspections, obtain financing, etc. You may walk away for any reason during this time, but the seller keeps this fee. DD is typically about 3 weeks.
Earnest Money Amount
This money comes into play if you walk away AFTER the Due Diligence Date
This is typically between 30-60 days, with less days being more favorable… but every seller has different motivations.
This is where you ask for things that do NOT automatically convey, such as refrigerator, washer/dryer, etc.
Depending on the current market, it may or may not be reasonable to ask the seller to share the closing costs.
Never underestimate the power of a letter directly from the buyer to the seller explaining why it’s the perfect home for you.
Sometimes buyers ask sellers to cover the cost of a 1-year home warranty.
Specific Loan Criteria
ALL LOANS ARE NOT CREATED EQUAL! Some loan types and mortgage companies make sellers weary, despite other terms being excellent. Discuss different loan options with your agent and lender.
–DUE DILIGENCE FEE The fee you pay directly to the seller to take the home of the market while you do inspections, obtain financing, etc. NO MATTER WHAT, YOU DO NOT GET THIS BACK!
–EARNEST MONEY This money comes into play after the Due Diligence date has passed. Should you find yourself unable to close on the home after the Due Diligence date, the seller will keep this fee as well. (Typically the DD and the EM fee total roughly 1% of the price of the home, but the market dictates what is viewed as appropriate amounts.)
–HOME INSPECTION A licensed home inspector will inspect the property and identify items of concern, as well as advise if additional inspections are needed (~$300-$500)
–TERMITE INSPECTION (~$100)
–RADON TEST (~$150)
–ADDITIONAL INSPECTIONS Occasionally the Home Inspector will advise an additional inspection – for example, a well & septic inspection, a structural engineer, a mold technician, etc (Prices vary)
–SURVEY This identifies the specific lot lines, and any encroachments, or easements; can sometimes be paid at closing. (~$525)
–CLOSING COSTS Your lender can tell you how much to expect in closing costs.
-While all inspections and tests are optional, the Sold By Starkey Team VERY STRONGLY ENCOURAGES that buyers do not skip any recommended inspection. Should you choose to forego a suggested inspection we’ll ask that you sign something stating that we recommended otherwise.