Jacki Shafer | Phone: 502-643-7653
Address: 9911 Shelbyville Road, Suite 100, Louisville, KY 40222

Jacki's Real Estate Blog

Mar 2012

Buying A Home In Louisville: You Will Want A Buyer Specialist On Your Side

Most Sellers turn to a real estate agent to help them with the sale of their home.  But when you’re ready to buy a home, did you know that you can actually employ a Buyer Specialist?  When it comes to a purchase this large and important, you don’t want to “go it alone”.  When you are spending as much as 1/3 of your income on a home purchase, you don’t want to make costly mistakes.  A professional Buyer Specialist can save you many thousands of dollars. 

Why Do I Need A Buyer Specialist?

A professional Buyer Specialist is your advocate, working in your best interest.   Here are a few key reasons you will want a Buyer Specialist on your side:

  1. Huge Time Savings:

              Yes, you can get a lot of information about homes and neighborhoods online today, but what is your time worth?  A great Realtor working for you can do all this research for you.  Your agent will want to start the process with a consultation so that she can really get a full understanding of what it is you’re looking for in a home.   She will intently listen, and then go to work to find it for you. 

     2.   Representation:

           Your agent will be there for you every step of the way.  She is working for you, acting in your best interest. 

     3.  Research:

            You’ve honed in on your favorite two or three homes, and now you need to know how each home measures up.  Your agent will glean as much information as possible about each home and each neighborhood, such as: 

             a.  How much did the Sellers pay for the home?

             b.  What is the latest tax assessment?

             c.  What is the Seller’s mortgage balance?

             d.  Why are the Sellers moving?

             e.  Are there any special assessments or issues?

     4.   Negotiating Power:

           Your Buyer’s Agent will run a Comparative Market Analysis (CMA) to find out if the home you are interested in indicates, through this research, that the house is priced at fair market value.  Her research could indicate that the home is priced aggressively and is slightly underpriced as compared to other homes actively listed or recently SOLD.   She may tell you that all indicators are showing that the home is overpriced.  In any case, your Realtor will help guide you, by looking at the data, as to what kind of offer to make on the property you have chosen.

     5.  Experience:

          You may only purchase one or two homes in your lifetime.  An experienced Buyer Representative will have toured hundreds or even thousands of homes in her marketplace.  Take full advantage of that kind of experience and expertise to help you buy your home.

     6.  Team Power:

          Your Realtor will have a list of quality contractors that she will share with you:  home, termite, radon and septic inspectors, loan officers, appraisers, general contractors, lawn maintenance professionals, etc.  By working with this team of people you know your advocate can recommend, you can rest a little easier.  

     7.  Peace of Mind:

          When you work with a true professional, you can avoid some of the common pitfalls that affect home buyers.  Remember, your Realtor’s job is to make this home purchase as smooth and as hassle-free as possible.  She wants you to have a very positive experience – from A to Z.  

Buying a home should be fun and exciting.  Especially in today’s market, a Buyer’s Agent is invaluable – and the best part is, in almost every instance, (since the commission is typically paid by the Seller in Kentucky), her services are free of charge.

At The Shafer Team, our Buyer Specialist, Ruth Kilchenman,  works exclusively with our Buyer Clients.  Her time is not divided between working with buyers and listing, marketing, and selling homes.  And because this is her only job, she has a great working knowledge about homes in every price range and in every area of Louisville.  Ruth also works with buyers in the surrounding counties of Oldham, Henry, Shelby, Trimble, Spencer and Bullitt. 

If you would like more information about the role of a Buyer Specialist, feel free to write me:  Jacki@TheShaferTeam.com or leave a comment below.



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