Reno residents are starting to take advantage of two Federal programs the City is administering to help
first-time homebuyers purchase a foreclosed home in the Reno area.

Call us today to get you on your way to buying a home!
775-378-4961City of Reno, NV First Time Home Owner

Did you know... The $8,000 dollar tax credit for first time buyers is not the only credit? There is a $6,500 dollar
credit for existing homeowners!!

Did you know you qualify as a 1st time buyer if you have not owned a home in the last 3 years??

If you have not bought yet YOU SHOULD!
Use a Buyer's Agent
It's important that you choose an experienced agent who is there for you. Your agent should be actively finding
you potential homes, keeping you informed of the entire process, negotiating furiously on your behalf, and
answering all of your questions with competence and speed.

First, find an agent who represents you and not the seller. This is beneficial during the negotiation process. If
you are working with a buyer's agent, he or she is required not to tell the seller of your top choice. In addition,
he or she is also focused on getting you the lowest asking price.

Also, when you use a buyer's agent, you will see more properties. Not only are they plugged into their Multiple
Listing Service, but also they are actively finding homes that are listed as FSBO, or homes that sellers are
thinking about listing.

EMAIL US WHAT YOUR LOOKING FOR AND WE
WILL SEND YOU DAILY UPDATES!!
NO COST NO OBLIGATION!!
INFO@MPTEAMSELLS.COM


10 Questions to Ask Your Realtor about Buying a House

1. Are you a full-time professional Realtor®? How long have you worked
full time in real estate? How long have you been representing buyers?
What professional designations do you have?
Knowing whether or not your agent practices full time can help you
determine potential scheduling conflicts and his or her commitment to
your transaction. As with any profession, the number of years a person
has been in the business does not necessarily reflect the level of service
you can expect, but it is a good starting point for your discussion. The
same issue can apply to professional designations.

2. Do you have a personal assistant, team or staff to handle different
parts of the purchase? What are their names and how will each of them
help me in my transaction? How do I communicate with them?
It is not uncommon for agents who sell a lot of houses to hire people to
work with them. They typically work on a referral basis, and, as their
businesses grow, they must be able to deliver the same or higher quality
service to more people.

You may want to know who on the team will take part in your transaction,
and what role each person will play. You may even want to meet the other
team members before you decide to work with the team. If you have a
question about fees on your closing statement, who would handle that?
Who will show up to your closing?

3. Do you have a Website that will provide me with useful information?
Can I have your URL address? Who responds to emails and how quickly?
What’s your email address?
Many homebuyers prefer to search online for homes because it’s
available 24 hours a day and you can do it in the privacy of your own
home. By searching your real estate agent's Website you will get a clear
picture of how much work you would be able to accomplish online.

4. Will you show me properties from other companies' listings?
Some real estate companies do offer their buyers' agents a higher
commission if they are able to sell "in-house" listings. In such
circumstances, there can be added incentive to limit the range of homes
you are shown. This may impact your home search and how much your
buyer agent's fee will be.

5. Will you represent me or will you represent the seller? May I have that
in writing? How will you represent me, and what is the direct benefit of
having you represent me?
The goal here is to ascertain to whom the real estate agent has legal
fiduciary obligation, which may vary from state to state or even locale to
locale. In the past, agents always worked for sellers. Then the listing
broker was responsible for paying the agent or sub-agent that brought a
suitable buyer for the home. And even though the buyer worked 'with' an
agent, the agent still represented and owed their fiduciary duty to the
seller.

Dual agency is where the buyer decides to have the listing agent prepare
the offer for him. If you are a knowledgeable buyer, you may choose to
do this, but only with full disclosure to all parties. In some states it also
affects the broker's/agent's fiduciary responsibilities to the seller.

Although seller agencies still exists in certain areas, agents today almost
always have a sense of moral obligation to buyers. Find out what is
common in your area and understand what kind of agent you have before
you begin to work with them.

6. How will you get paid? How are your fees structured? May I have that
in writing?
In many areas, the seller pays all agent commissions. Sometimes, agents
will have other small fees, such as administrative or special service fees,
that are charged to clients, regardless of whether they are buying or
selling. Be aware of the big picture before you sign any agreements. Ask
for an estimate of buyer costs from any agent you contemplate
employing.

7. What distinguishes you from other real estate agents? What is your
negotiating style and how does it differ from others? What geographic
areas do you specialize in?
Each agent has unique methods of overcoming obstacles and negotiating
deals. The most important thing is to make sure your agent is an
effective advocate for you.

8. Will you give me names of past clients?
Interviewing an agent can be similar to interviewing someone to work in
your office. Contacting references can be a reliable way for you to
understand how he or she works, and whether or not this style is
compatible with your own.

9. Do you have a performance guarantee? If I am not satisfied with your
performance, can I terminate our Buyer Agency Agreement?
In the heavily regulated world of real estate, it can be difficult for an
agent to offer a performance guarantee. If your agent does not have a
guarantee, it does not mean they are not committed to high standards.
Typically, he or she will verbally outline what you can expect from their
performance. We understand the importance of win-win business
relationships: the agent does not benefit if the client does not also
benefit.

10. How will you keep in contact with me during the buying process?
Some agents may email, fax or call you daily to tell you about properties
that meet your criteria, while others will keep in touch weekly. Asking this
question can help you to reconcile your needs with your agent's systems
Randi Mendez-Parra
Broker, Realtor