How
to Buy One of Our Featured Listings
Step
1
Select one of our featured homes Our
Featured Listings
Step 2
Know your rights and decide
if you will have representation or not have representation. Our official advice
is for you to hire an experienced Realtor to represent your interests. You should
read and understand Information
About Broker Services. If you are already represented by Tergerson Real
Estate with a signed Buyer's Representation agreement and are interested in buying
one our listed properties, then you should print and read the Texas Association
of Realtors Intermediary Relationship
Notice and discuss this with your agent. If it's a hot property you may want
to read about multiple offers. Step
3
Before any contract will be accepted we must have a pre-qualification
letter from your lender. We prefer local lenders and we prefer lenders who have
been referred to you. Lender letters must have the borrower's name as well as
the lender's contact information. If you do not have a lender, ask your Realtor
for a referral. Step
4
Either have your Realtor or the listing Realtor write up the sales agreement
with the agreed sales price and terms. Below are some suggestions for an acceptable
contract: Earnest
Money - We suggest 1% to 5% earnest money for financed transactions, and 10%
to 20% for cash transactions. Option
Period - We suggest 7 to 9 days at about .0002 x contract price per day for
the option period. Close
Date - We suggest 30 to 35 days from the execution date for closing. Avoid
Fridays and the last days of the month. Step
5
You should hire a Texas licensed home inspector during your option period.
Use the inspection to decide if this is really the home you want to buy. Ask your
agent for a list of referrals for the inspection. Step
6
Work with you lender to finalize and close your loan. This
is just a quick overview. Please discuss the multitude of details with your agent.
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