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Home Buyer Guide Step 8) Home Research
Start identifying properties. At or after your meeting with your Realtor® you should receive a list of available homes for sale that meet your criteria. This list is usually emailed. You may want to look for homes a bit higher than the price you want to consider, usually about 6-10% more than what you want to spend, since you will be negotiating the price down. Sometimes a home is “energy priced” and will bring in at or above list price. We’ll talk more about this later. 87% of all buyers look for homes online beyond what they’re Realtor® has provided. In many cases this can be time consuming and frustrating. Each brokerage company has different marketing objectives and not every company and not every real estate search site has accurate information. What if you are pulling properties that are short-sales and you need to be in a home at the end of the month? Your Realtor® wants to help you find the best fit within your timeline and should be considered your resource. You should also ask to be set up with auto-notifications so if a brand new listing or price reduction on a home you like (but can not afford) becomes available through the MLS (multiple listing service) you will be notified immediately. The MLS is the bible of listings and sale history so-to-speak. It has the most accurate information and brokers can easily be fined for not keeping it up to date or by providing false information. It is not readily available to the public.
Property taxes will change when a new sale is recorded with the county. You will be reassessed. To calculate a range of your estimated annual taxes click here.


