SELECTING AN AGENT IN MD, VA & DC

We think you'll agree that when buying a home or condominium, you should hire an Exclusive Buyer's Agent (EBA) that will give you 100% protection, transparency, and loyalty throughout the entire home buying process. 

RESEARCH YOUR OPTIONS - NOT ALL REAL ESTATE AGENTS ARE THE SAME

  • Exclusive Buyers Agent Represents Only Buyers - Never Sellers

  • Traditional Agent Represents Sellers all of the time

  • Dual Agent Represents both Sellers and Buyers at the same time

  • Buyer's Agent in Traditional Firm Sometimes represents Sellers, sometimes Buyers

  • Designated Buyer's Agent Represents Buyer or Seller in a specific transaction. Broker is a Dual Agent

  • Transaction Facilitator Represents neither Buyer nor Seller

INTERVIEW AT LEAST THREE REAL ESTATE AGENTS AND HIRE ONE TO HELP GUIDE YOU THROUGH THE ENTIRE HOME BUYING PROCESS

HOMEBUYER'S SEARCH STEPS

  1. Pre-Qualification
    Determines purchasing power; defines price range

  2. Needs and Wants
    Set priorities for size, location, style, features

  3. Select Search Areas
    Preview information on available homes

  4. Review Comparable Sales and Tax Data

  5. Drive-by Tour of Homes

  6. Tour Select Homes with Agent

  7. Writing an Offer
    Strategy, negotiation, financing, contingencies, inspections

CONTRACT ACCEPTANCE

MORTGAGE APPLICATION

Requires credit check, home appraisal

SETTLEMENT SCHEDULE
Deadlines for inspections, approvals, insurance, settlement

PROFESSIONAL HOME INSPECTION
Buyer & Real Estate Agent should be present

SELECT SETTLEMENT ATTORNEY
For title search, title insurance, settlement statement

MORTGAGE APPROVAL
Takes approximately two to four weeks

  • Obtain Homeowner Hazard Insurance

  • Lender requires

  • Termite Inspection

  • Seller arranges and pays

  • Notify Utilities

  • Final Walk-through Inspection

SETTLEMENT - CONGRATULATIONS on the Purchase of Your new Home!