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Buyer Real Estate Bible

May 31, 2019 by Steve Roake Leave a Comment

Buyer Real Estate Bible – 10 Commandments for Home Buyers

Buying a home can be complicated but if you follow these commandments, you’ll find buying a home to be much easier with fewer speed bumps, wrong turns and money pits.

Image: Arvind Balaraman / FreeDigitalPhotos.net

I. I am your agent and thou shalt not worship other agents.  Do not work with multiple agents at the same time. I am committed to your best interests and I don’t get paid unless you close on a home and I don’t like working and having someone else get paid.  As soon as you start viewing homes, you should commit to your one true agent (Steve Roake).  Before you start viewing homes…..

II.  Thou shalt get pre-approved for a loan.  This is your shopping pass and means that you are ready to buy a home.  Without a preapproval you are probably wasting your time, the seller’s time and my time if you’re scheduling showings.  Nobody likes to waste time.  Most lenders will be able to provide a pre-approval within 24 hours. II b. Please take my advice and at least talk to the the lender I refer you to. I do this for a reason and that reason is to make your life easier.

III. Thou shalt not ruin your credit.  Between the time you get preapproved and the time you close, DO NOT open or try to open new lines of credit.  As few as 1 inquiry can lower your score and cause you lose your ability to buy a home.  Opening up a department store credit card to buy a pack of gum is not worth it.

IV. Thou shalt do your research.  Nearly 90% of buyers start their searches on the internet.  This is a great start but you should also make sure that any homes you’re interested in are in the right neighborhood, school district, etc.  Again, nobody wants to waste time driving around town on a Saturday afternoon when they could be at home with their family because nobody bothered to find out that all 5 homes you want to see are in the “bad school district”.  Become an expert at home buying.  Together, you and I, your agent, will do great things.

V.  Thou shalt act decisively.  Do not find the perfect house and hope to wait until the seller decides to lower the price into your comfort zone.  Go make an offer instead and persuade the seller that your offer is good.   Waiting only encourages other people to buy your house.  The house you saw today and are thinking about making an offer on tomorrow was seen yesterday by another buyer who’s making an offer today.  Multiple offers only benefit the seller. See Commandment 6.

VI.  Respect your agent’s advice.  I am on your side and I am drawing from past experiences (over 16 years and 400 families moved) in providing you advice on how to help you accomplish your goal of buying a home.  Please listen to my recommendations.  Most sellers will not (happily) drop 30% off their asking price.  They probably priced it where they did for a reason.  Go back to Commandment 4 for more explanation.

VII.  Honor your mother and father.  Let them have their say, but take their advice (and anybody else who won’t be living in the house with you) with a grain of salt.  While their intentions are good, outside influences are more likely to cause you to second guess your choices.  They also haven’t done the research you have (see #4) and will lead you astray.  See # 6 for what to do next.

VIII.  Don’t believe everything you hear from your brother-in-law (or whoever).  Contrary to popular belief, cash is not king.  A home is not an investment that will make you rich.  There are no perfect homes at perfect prices (they’d already be sold before they hit the MLS).  Fill in the blank on whatever so and so told you.  There is a lot of misinformation out there.  Rely on me to provide you with advice.  Read as much as you can about the home buying process.  The same as #7, don’t let people who have little or no experience buying and selling homes to be the expert.

IV.  Thou shalt not bear false witness against your agent nor lender nor attorney.  The truth is required for all of us working for you to give you the best service.  Be honest an open about how much you’re able to put down as a down payment, how much money you make or anything else. And for the love of all that’s good, don’t lie to us because we will find out that you lost your job last week or gambled away your down payment eventually.

X.  Thou shalt not covet thy neighbor’s house.  Do not keep looking for a house after you’ve entered into a contract to buy.  You are committed to your house now and looking at other homes is cheating.  Don’t even think about asking me to schedule a showing for you.

Observe the 10 Commandments of Home Buying and you’ll be going from homeless to homeowner with no trouble at all.

Filed Under: Client Tips, Real Estate Tagged With: 10 commandments, buy a home, buyer guide, plainfield, real estate

About Steve Roake

Hey there! I'm Steve Roake. I work with buyers, sellers and investors in the Plainfield area (Naperville, Aurora, Oswego, Bolingbrook, Shorewood, Joliet) who are looking to save time and money in real estate.
I've been a Realtor for 16 years and I've served over 400 families to date. The best praise I've ever received from a client was “Steve is someone I would recommend to anyone that is looking to buy a house”.
Helping people to become first time homeowners like that, makes me so proud and drives everything I do!
If you're looking for a Realtor who listens to your needs and delivers results, I'd love to work with you, too! I've had an average market time of only 19 days and gotten my sellers 99.6% of their asking prices, while helping buyers successfully outbid cash offers when they still had to sell their home (most would say this is impossible).
When I'm not helping people buy or sell homes, I can be found working in the garden, playing with my 2 girls or just relaxing with a book or playing games.
Want to learn more about how we can work together? Call or text me anytime! 815-603-0077.

Thanks for reading my story!

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