|Seller's Agent||Exclusive Buyer's Agent|
|Can show you all the homes in the MLS (Multiple Listing Service).||Will show you all the homes in the MLS, For Sale By Owner properties, foreclosures, even properties that are not on the market!|
|Can tell you the price the seller's are asking for homes but cannot suggest an offering price.||Will calculate the fair market value of the home for you, and assist you in developing an offering price by using comparable sales data.|
|Can provide "raw" information on comparable homes that have sold in the area. Not allowed to interpret that data for you.||Will provide and interpret information on comparable homes that have sold in the area and help you formulate an offering price and negotiating strategy.|
|Can convey your offer to the seller or their agent and convey their response back to you.||Will negotiate on your behalf through the entire home buying process offering advice and information every step of the way!|
|Can provide you with a "list" of title companies, home inspectors, and other professionals for you to choose from but cannot recommend any particular company or professional.||Will recommend title companies, inspectors, and other professional services you will need!|
|May tell you some general information about the seller.||Can tell you everything they can find out about the seller and their motivation for selling!|
|Must tell the seller everything they know about you, your financial status, and your motivation for buying.||Will keep any information about you confidential if it would weaken your negotiating position!|
|"Thinks" in Seller's terms (i.e.: Get the highest price possible for the home)||"Thinks" in Buyer's terms (i.e.: Get the lowest possible price and best terms for the Buyer, not the Seller).|
Edwardsville, Belleville, Troy, O'Fallon, Ofallon, Scott AFB, Shiloh, Swansea, Collinsville, Glen Carbon, Mascoutah, Lebanon, Highland, Bethalto, St. Louis
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Our Standards Of Practice - Exactly What We Will Do For You
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Purchasing a Home? Some Things You Should NOT Do.
Don't make any major purchases such as a new car, expensive electronics or appliance, or anything else that you cannot pay cash for. The extra payments may prevent you from getting a loan.
Don't move money from one account or investment to another. One of the things a lender is concerned about is the source of funds for your down payment and closing costs. The lender will ask for statements for the last 3 months for all your bank and investment accounts and even your company 401K and retirement accounts.
Lenders like to see what is referred to as "seasoned money", that is, money that has been accumulating in an account over a period of months or years. If your bank account has a large deposit that was made less than 3 months ago they may think the money was a loan from a relative who is trying to help you qualify for a loan. Then you will have to prove where the funds came from which can be a time consuming process.
Please, leave your money where it is until you talk to a loan officer. And don't move a significant amount around without letting the lender know about it in advance.