Benefits of Buyers’ Agency When Purchasing a Home

Having the help of a Professional Buyer’s Agent to represent you in your next home purchase is always a good decision. Your real estate agent will take care of you and your needs and take away the hassles of navigating the muddy real estate waters. Here are some benefits outlined in the Law of Real Estate Agency as the duties of a Buyer’s Agent.

To be loyal to the buyer – Hello? Why would you want an agent who is not loyal??? A Buyers’ Agent owes 100% of their dedication and loyalty to you, the home buyer. They do not have a reason or motivation to “sell” one house over another, and can thoroughly put your interests above any sellers’ wants or needs.

To timely disclose the buyer to any conflicts of interest – This goes back to communication between the agent and the buyer, great effective communication is key!

To advise the buyer to seek expert advice on matters relating to the transaction that are beyond the agent’s expertise – There are several things that can happen during a buyer agency agreement in regards to a transaction, it is your agent’s role to be able to point you in the right direction when it is something outside of the scope of their work.

Not to disclose any confidential information from or about the buyer, even after termination of the agency relationship – This also goes back to Loyalty, when you have a buyer agency relationship, your agent will not disclosure anything confidential, even after the sale – this means you will always have someone on your “team.”

This is going to be the largest investment that you will make, having a real estate professional on your side is a very smart move. BONUS…. In most cases, representation by a professional Buyer’s Agent will cost you NOTHING!!!! The compensation that a buyer’s agent receives is built into the selling costs paid by the seller at the time of closing.

 

Why you shouldn’t “wait until spring” to buy a home! It will save you $$ and headache!

Based on prices, mortgage rates and rising rents, there may have never been a better time to purchase a home than right now. Here are some reasons why you should consider buying now instead of when the Spring market hits.

Price Increases – The costs of building are continually going up. Especially if you are going to buy new construction this year, NOW is a way better time to do so before the builders raise their prices for the spring Market. If you are a first time buyer, you will probably pay more both in price and interest rate if they wait until the spring

Mortgage Rates – It is likely that you have heard about interest rates in the past year. The talk has been that they are going to keep rising little by little and most economists believe that when the spring market rolls around and our economy is still prosperous the interest rates are going to make significant increase over the next year, some say that the average interest rate at this time next year will be above 5% which is a full point above where we are now.

Less Competing Offers – With less buyers out looking at this time, it is less likely to have competing offers on the same house, which means that you will get a better deal! When the spring market rolls around and there are more buyers out looking we will more than likely have a very competitive market which may include paying over the list amount for the house you want and risking paying over market value for your home.

Quicker Transactions – Right now there are fewer real estate transactions than there will be in the spring. Which means that the appraisers, lenders and home inspectors are less busy, which means you get to move into your home quicker! If you wait until spring with all of these services are very busy, it leads to more stress, and the possibility of a delayed closing.

And last but certainly not least….

Owning a home helps create wealth – Either you are paying for your own mortgage or you are paying your landlord’s mortgage. In a recent study it revealed that the net worth of the average homeowner is 30 times greater than that of a renter.

 

So are you ready to purchase a home? My best advice would be not to wait until Spring and start looking today! Schedule a home buying consultation with me today by phone, email or text!

Abbey Parsons

realtor@abbeyparsons.com

509-939-0602

National Pet Adoption Weekend

If you receive my monthly newsletter you know how much I LOVE my dog, Trudy. Well we actually got Trudy from the human society in Salt Lake City. I saw her picture online and we were NOT in the market for a dog, but when we went to see her, I was not leaving without her! She has brought a ton of joy and frustration at times into our lives! How can you help?

Join us for National Pet Adoption Weekend and help us find a loving home for adoptable dogs.

We’re committed to reaching the goal of helping find 20,000 dogs forever homes through our partnership with Adopt-a-Pet.com. So we’re sponsoring the first ever Homes for Dogs National Pet Adoption Weekend, August 1-2, 2015!

This event puts together the nationwide reach of the Coldwell Banker® brand and the market knowledge and contacts of local Coldwell Banker affiliates with the dedication and adoption expertise of shelters in the Adopt-a-Pet.com network.

You can find your local event by searching www.adoptapet.com/homesfordogs

 

The Cottages on 16th Ave – Build your dream home!

About the Lots

Location: E. 16th Avenue, three blocks East of Grand Blvd.

Address: 424, 426, 434 E 16th Ave

Parcel Numbers: 35292.0429, 35292.0428, 35292.0426

Lot Size: 10,000 square feet

Lot Dimension: 50ft X 200ft

Number of Lots: 3

Schools: Spokane District 81, Roosevelt – Sacajawea – Lewis & Clark HS

(Could potentially choice-in to Hutton Elementary, school boundary is one block away)

Zoning: RSF – Residential Single Family

Price: Inclusive price to include land & home starting at $400,000

Terms: Real Estate Contract – Sale is subject to buyer – builder contract

Utilities: Water, Sewer, Garbage – City of Spokane

Gas & Electric – Avista

More Information: Great hidden gems on the South Hill! These lots are tucked away and surrounded by million dollar homes. There are no specs being built, there are custom builds only. Client must use Parsons Construction for General Contractor. Design plans available from Uptic Studios – www.upticstudios.com  Photos are an example of home that could be built, design by Uptic Studios and Construction by Parsons Construction.

For More Information Contact Abbey Parsons at 509-939-0602 or Email at Realtor@AbbeyParsons.com

Induction Stovetops – Are the harmful? Pros and Cons

Is induction cooking harmful to our health? What are the pros and cons?

All methods of cooking have some affect on the amount of nutrients in food. Induction cooking uses electromagnetism generated by sophisticated electronics to heat the cooking vessel, which then cooks the food. Induction works only on cooking materials made of magnetic material such as cast iron and stainless steel. The energy heats the pots, not the food. Induction effects on food nutrients can be compared to cooking in a standard oven

 

Pros

  • Induction cooking does provides faster, more consistent heating than cooking by thermal conduction, with precise control similar to gas
  • An induction cooker is faster and more energy-efficient than a traditional electric cooking surface. It allows instant control of cooking power similar to gas burners.
  • Cooler kitchen – because the induction cook top does not transfer heat unless you use cast iron or stainless steel it keeps the kitchen cool!
  • Safety – heat is only transferred by magnetic materials so if you place your hand on the burner, even when it is on, it will be cool to the touch.

 

Cons

  • The electromagnetic radiation from induction stove tops has given some consumers concern about potential health dangers.
  • Inductions stoves cost significantly more than conventional stove
  • Note that should you ever experience a power outage, cooking is impossible on an induction stove. If you experience this type of issue regularly, induction cookers may not be the best choice for your home
  • While its a nice safety feature, the stove turns off every time you remove a pan from the surface. This endangers the success of techniques like deglazing, sauces may clump or separate

Bottom line…. it is your choice, you have options!