These steps will help you better understand the process of buying your home through a Realtor®. Please remember, though, not all sales are the same. 1. Find a Realtor® Interview Realtors® that you know or who comes recommended. A. Realtors®, by PA law, will review the Consumer Notice with you and have you sign it as proof you know your rights. C. A Realtor® will evaluate your financial situation, your needs and wants, make recommendations and create a current listing sheet for you. If you would like a Consumer Notice, click here. 2. Find a Home Your Realtor may require you to sign a buyers’ agreement with the broker of record from the Realtor’s® office. The buyers’ agreement is negotiable, although most brokers and Realtors® follow a strict set of office guidelines. At this time you will choose a purchase price, agree on terms of the buyers agreement and the Realtor will help you get pre-approval from a bank or mortgage company, if possible. This pre-approval will also be used in the contract for the sellers benefit. After you and your Realtor choose the features you are looking for and a price range in your budget, your Realtor will run a listing search. You can do a preliminary search by clicking here. Once you’ve chosen the homes you like, your Realtor® will set up showings for you to view. 3. Make an Offer Your Realtor® will write an agreement of sale and submit it to the listing agent. Sometimes a counter agreement is required. All changes must
be initialed. If both the buyer and seller agree and initial all changes then you have a binding sales contract. 4. Inspect the Property Mortgage companies require different and sometimes multiple inspections. You may have your own inspector(s). Your contract may depend on a timely inspection both timely inspection. If repairs or upgrades are required they will need to be completed prior to closing. If repair cost exceed the contract both the buyer and seller can either cancel the contract or negotiate the extras and add an addendum. 5. Settlement The buyer generally picks the title company for settlement, which is typically a half-hour process. This is where the property changes hands. 6. Notes of interest You have the right to negotiate all agreements prior to signing. If you would like to print out or review the Consumer Notice, click here. C. If you would like to view our current listings please click here. If you would like to know more or have a question click here. REMEMBER: REALTORS MUST FOLLOW A STRICT CODE OF ETHICS.