The first step is to have the buyer pre-approved for a loan from an ethical, reputable lender. We can provide a list of highly qualified lenders. Secondly, we search the MLS (Multiple Listing Service) for online property listings that meet your desired house parameters. Next, once you have selected those desired homes we hit the road and look at them. After you find that perfect match we write and submit the contract to the seller. With our expertise we negotiate the best price for the buyer. Upon acceptance of the contract and purchase price by the seller we are now “under agreement.” At this time we execute home inspection, mortgage application, and appraisal. The buyer will submit financial documentation to the lender privately (not through Team Pauline). If a concern arises during home inspection, it is our job to negotiate repair, compensation or credits for material defects and safety hazards. That day arrives… settlement day where you receive your keys to your home and start your next journey in life.
» How is Pauline Real Estate paid?
The seller, not the buyer, pays our commission at settlement. The seller pays both the seller and the buyer agent’s commission.
» What is a short sale?
The short definition of a short sale is when a seller owes more on their mortgage than the property is worth. The seller may be experiencing a hardship such as income or job loss, medical issue or divorce and needs to sell his/her home. The seller must qualify to sell his/her home with this process. A short sale is the prequel to foreclosure.
» How does a short sale affect a buyer?
The short sale process can take 3-6 months. If you are in need of a quick settlement, this is not the process for you. It is a long, drawn out process without any guarantees. With the purchase of a short sale property, you must follow specific steps through the seller’s mortgage company. These large companies do not tend to move quickly. You can go through this whole process and still not get the property. Team Pauline can help you navigate the process by completing the paperwork, negotiating the price/agreement and submitting proper documentation to the seller’s mortgage company. You can get a deal in this short sale process but it is for a specific type of buyer and you must be able to wait.
» What should we look for during Home Inspection?
During home inspection the greatest items of concerns are safety hazards and material defects. Safety hazards can include a variety of items from Ground Fault Interrupter outlets, malfunctioning heater to anti-tip brackets on a stove, etc. Material defects may involve leaking roof or pipes, faulty wiring, electrical or plumbing problems, etc. Team Pauline walks you through the home inspection process. We have a list of highly qualified recommended home inspectors. We will negotiate any repair or credits for safety hazards and material defects. Normal wear and tear on a home is not negotiated as a safety hazard or material defect.
Start your search now and explore the possibilities! We have 3 easy ways to search by clicking on Exclusive Properties, Search All Listings or Find It for Me. Enter your desired home wish list of parameters, it’s that simple! Also, feel free to contact us at 215-340-5700 and let’s work together to find that comfortable dwelling you’ve been seeking.
Pauline Realtor has been specializing in Residential Real Estate since 2002. With a 99% percent referral rate, we have a proven track record of trust. Trust is essential in the buying process. You can trust that we always have your best interests in mind because we want to be more than a Realtor…We want to be your Realtor for life.