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Mountain Lake Realty

Buyer Consult

Welcome to AZ Flat Fee Buyer Broker, where we offer affordable and transparent buyer services in Arizona. With our fixed-rate buyer brokerage model, you can enjoy the peace of mind knowing exactly what you’ll pay for our services, without any hidden fees or surprises.

Our flat-fee buyer agents are dedicated to providing budget-friendly solutions for home buyers, ensuring that you receive high-quality representation at a predetermined rate. Whether you’re purchasing your first home or investing in real estate, our economical buyer advocates are here to help you navigate the process smoothly and cost-effectively.

Choose AZ Flat Fee Buyer Broker for transparent pricing, fixed-cost services, and a hassle-free home buying experience.

 

                                                         Already have a contract and just need Escrow Transaction Coordination?

 

                               Plus a 3%-6% Seller credit possible

     WE CAN HELP YOU LOWER YOUR MONTHLY PAYMENT                                                     CALL TODAY

                                                         GO DIRECTLY TO LISTING AGENT OR USE A SHOWING SERVICE

                       Already Viewed via Listing Agent  Call Today

                                             SAVE 15K to 50K

.

Consumer Federation of America Issues New Guidance for Homebuyers

 

What You Need To Know!

 

 

2% or less! That’s the dollar amount homebuyers are advised to pay their agents. The Consumer Federation of America (CFA) has issued new guidance on August 6, 2024. In fact, they suggest to not pay a single dollar for simply viewing a property. Instead, you should opt for a touring agreement that carries no financial obligation.

Guide to Buyer Agent Commissions

 

 

1. Negotiate Agent Fees

Don’t accept traditional commission rates without question. The CFA encourages negotiating agent commissions to be a fixed dollar amount that does not exceed 2% of the home’s sale price. Opting for a fixed dollar amount rather than a percentage-based fee can help keep your costs predictable and manageable.

 

2. Research Potential Agents

Before committing to an agent, conduct thorough research. Check online reviews, inquire about their experience, and determine if they are a broker or associate broker, as these professionals generally have more specialized training.

 

3. Understand Your Agreements

Carefully review all documents before signing. Ensure you fully understand the terms and conditions of your agreement. Agents and brokers should be upfront about the negotiability of their commissions, and all contracts should be written in clear, straightforward language.

 

4. Avoid Complex Contracts

Contracts should be easy to read and understand. They should use plain language and be printed in a minimum of 12-point font. Make sure the contract clearly states the expiration date, compensation details, and the procedure for resolving any disputes.

1150 Homes Bought And Sold Flat Fee

Professional Document Services

Make Direct Offers to LISTING AGENT/FSBO/NEW HOMES

It lets the buyer deal directly with Listing Agent or because Listing agent is not paying buyer broker a % of commission-The buyer is paying the Limited service buyer broker directly which also allows them to ask for seller concessions to lower price instead of seller paying buyer broker commission or pay a little more for an agent to open the door

Transactional Focus

The term “transactional” indicates a focus on the specific transactional aspects of the real estate process, such as handling paperwork, and facilitating the closing process. The limited service offering may mean that certain responsibilities typically handled by traditional agents are left to the buyer.

Flexibility

This model provides flexibility for home buyers who may want to customize the level of service they receive. It allows buyer to choose and pay for only the services they feel they need assistance with, rather than paying a percentage of the property’s purchase price. Limited service buyer brokers often step in when a buyer has already identified a property or has a clear idea of what they want, and they primarily assist with the transactional aspects of the purchase. This may include handling paperwork, coordinating with the seller’s agent, managing deadlines, and ensuring that the closing process goes smoothly.

Combining a limited service buyer broker with an attorney contract review can offer several advantages over a full-service buyer broker

Combining a limited service buyer broker with an attorney contract review can offer several advantages over a full-service buyer broker.

Cost Savings: Limited service buyer brokers typically charge lower commissions compared to full-service brokers since they provide fewer services. By opting for a limited service buyer broker and having an attorney review the contract, you can save on brokerage fees while ensuring legal protection.

Customization: With a limited service buyer broker, you have the flexibility to choose which services you need assistance with and which ones you can handle independently. This allows for a more customized approach to the home buying process, tailoring the services to your specific needs.

Legal Expertise: By involving an attorney in the contract review process, you benefit from legal expertise and guidance. Attorneys can ensure that the contract terms are fair, protect your interests, and provide insights into any potential legal implications.

Focused Expertise: Limited service buyer brokers often specialize in certain aspects of the real estate transaction process, such as property search or negotiation. By complementing their expertise with legal counsel, you ensure comprehensive support in both real estate matters and legal aspects.

Reduced Conflicts of Interest: Working with separate entities for brokerage and legal services can mitigate conflicts of interest that may arise when dealing with a full-service broker who offers both. This separation ensures impartial advice and representation in both realms.

Efficient Use of Resources: By leveraging the expertise of a limited service buyer broker and an attorney, you optimize the allocation of resources. Each professional focuses on their area of expertise, leading to a more efficient and effective home buying process.

Overall, the combination of a limited service buyer broker and an attorney contract review offers a balanced approach that prioritizes cost-effectiveness, customization, legal protection, and efficient resource utilization.

BUYERPACKET  

If I can see houses for sale on Zillow/Redfin/Realtor.com just as my realtor can, what's the point of getting a realtor as a buyer Agent?

What are Seller Concessions

Seller concessions in a real estate contract are typically used to assist the buyer with various costs associated with purchasing a home. Here are some common uses for seller concessions:

  1. Closing Costs:

    • Covering expenses such as loan origination fees, title insurance, appraisal fees, and attorney fees.

  2. Repairs and Improvements:

    • Addressing necessary repairs identified during the home inspection or making agreed-upon improvements.

  3. Prepaid Expenses:

    • Paying for items like property taxes, homeowners insurance, and mortgage interest.

  4. Home Warranty:

    • Providing a home warranty to cover potential future repairs and maintenance issues.

  5. Discount Points:

    • Buying down the buyer’s mortgage interest rate by paying points upfront.

  6. Mortgage Insurance:

    • Covering the cost of mortgage insurance, especially in cases of low down payments.

  7. HOA Fees:

    • Paying homeowners association dues for a specified period.

  8. Buyer’s Move-In Costs:

    • Assisting with moving expenses or other immediate costs related to moving into the new home.

Seller concessions can make a home more attractive to buyers by reducing their upfront costs, thereby facilitating a smoother transaction.

​Realtors help with showings, paperwork​ and negotiations​. You as a buyer have to determine if you need all 3 of these services. If you don`t need all 3 of these services when buying a home maybe you don`t need a Full Service Buyers Agent.

Seller concessions

Benefits For Buyers

Seller concessions have several benefits for buyers, including saving on upfront costs and having more money to put towards a down payment.

Seller concessions for repairs are also a benefit for buyers and are usually a good reason sellers might agree to concessions. Most people understand that if something is broken, it needs to be fixed.

For buyers, Seller concessions can make the total cost of purchasing a home less if they’re used in the right way.

Example: Conventional & FHA 

Home Price $500,000

Buyer Broker 0
Seller Concession $30,000
Buyer Consult $500-$2000

Home Purchase $470,000

Speak to your CPA or Attorney for clarity then call or email us for more info

Buy Down your Interest Rate

You can also buy down your Interest Rate by using your Seller Concesstion this will save your Monthly $400-$1000 

Steps To Buy a Home

Common Steps

Determine type of Agent

Select real estate agent.
Determine needs and wants.
Determine financial eligibility.

Mortgage Company

Discuss finances.
Obtain prequalification.

Use Internet to view Homes or/and get a Agent

Select an affordable property that fits your needs.
Discuss offer with agent.
Buyer reviews contract with agent
Agent presents offer to selling side.

Present and Negotiate Offer

Buyer prepares "earnest money" deposit (typically, 1 to 3% of purchase price).
Seller accepts offer (Seller can accept your offer, counter your offer, or reject your offer).

Open Escrow

Deposit "earnest money" into escrow.
Escrow will order Preliminary Report

Submit Loan Application Contingency Period

Conduct Physical Inspection of property by a qualified inspector.
Approve seller's Transfer Disclosure Statement .
Approve Preliminary Report.
Conduct property appraisal.
Obtain loan approval from lender.
Perform termite inspection and certification.

Obtain Homeowner's Insurance

Select insurance company and coverage.
Insurance will be in effect at close of escrow.

Down Payment

Need cashier's check or money transfer prior to closing date.

Closing the Escrow

Deposit down payment and closing costs to escrow.
Lender sends balance of purchase price to Escrow.
Deed is recorded with County Recorder's office.
Get your keys and move in!

When buying a home, there are several key factors

to consider to ensure a wise investment.

Here are some important aspects to look for:

Price

Determine what you can afford to spend on a property. Consider your budget and financial capabilities.

Location

Evaluate the neighborhood, city, town, or state where the home is situated. Consider factors like safety, proximity to amenities, and future development.

Condition of the Roof

Check the roof's condition to ensure it is in good shape. A well-maintained roof is crucial for the overall integrity of the house.

Reliable HVAC System

Ensure that the heating, ventilation, and air conditioning (HVAC) system is reliable and in good working condition. This is important for comfort and energy efficiency.

Plumbing Issues

Look for any plumbing problems, leaks, or issues with the water supply. Plumbing problems can be costly to fix and may indicate underlying issues.

Water Damage and Mold

Inspect for signs of water damage and mold. These issues can have serious health implications and may be indicative of broader structural problems.

Noise Level

Consider the noise level in the area. Check for any disruptive sounds or factors that may affect your peace of mind and quality of life in the new home.

House Size

Evaluate the size of the house to ensure it meets your needs. Consider the number of rooms and overall layout.

Property Taxes

Research the property taxes in the area. High property taxes can significantly impact your ongoing homeownership costs.

Homeowners Association (HOA)

If applicable, understand the rules and fees associated with the homeowners association. Some people prefer to avoid HOAs, while others appreciate the benefits they offer.

Amenities

Consider the amenities available in and around the property, such as parks, schools, shopping centers, and recreational facilities.

Mountain Lake Realty

When a Buyer May Not Need a Buyer's Agent

A buyer may choose not to use a buyer’s agent in certain situations. Here are some scenarios where buyers might opt not to engage a buyer’s agent:

Experienced Buyers

If the buyer has extensive experience in real estate transactions and feels confident in navigating the process independently, they may choose not to use a buyer's agent.

For Sale by Owner (FSBO)

In cases where the property is listed as "For Sale by Owner," the buyer might decide to handle the transaction without a buyer's agent, as the seller is not represented by an agent either.

Investors

Investors have extensive experience in real estate transactions and are confident in navigating the process independently, they may choose not to use a buyer's agent.

Online Real Estate Auctions

Buyers at an online Auction the buyer might decide to handle the transaction without a buyer's agent, as the seller is not represented by an agent either.

Self-Reliant Buyers

Individuals who are self-reliant and enjoy taking charge of their decisions may choose not to use a buyer's agent, preferring to manage the home-buying process themselves.

It’s important to note that while it’s not a legal requirement to have a buyer’s agent, there are advantages to having one, including guidance, negotiation skills, and market expertise. Buyers should carefully consider their own knowledge, comfort level, and specific circumstances before deciding whether or not to use a buyer’s agent.

​Realtors help with showings, paperwork​ and negotiations​.

You as a buyer have to determine if you need all 3 of these services

If you don`t need all 3 of these services when buying a home maybe you

don`t need a Full Service Buyers Agent

Americans are increasingly purchasing homes online with minimal broker assistance. 


   

Our advice for consumers:

  • Stay away from big brokers – ALWAYS.

  • Selling a house is easy. Hire a discount broker and an attorney and you will save thousands and get better service and unfettered advice.

  • If a Realtor proposes that you consider a “Coming Soon” or “Office Exclusive” listing, run away – FAST. 

  • Make sure your listing contract states that no buyer brokerage fee will be paid to anyone if there is no buyer broker. That windfall should go to the sellers, not the brokers.

  • Consider owner-hosted open houses instead of Realtor open houses. Realtor open houses help Realtors find buyers to buy other properties. And make sure you listing contract states that you save the buyer broker commission if you find the buyer.

Mountain Lake Realty

Identify Concessions

Transactional Focus

The term “transactional” indicates a focus on the specific transactional aspects of the real estate process, such as handling paperwork, and facilitating the closing process. The limited service offering may mean that certain responsibilities typically handled by traditional agents are left to the buyer.

Flexibility

This model provides flexibility for home buyers who may want to customize the level of service they receive. It allows buyer to choose and pay for only the services they feel they need assistance with, rather than paying a percentage of the property’s purchase price. Limited service buyer brokers often step in when a buyer has already identified a property or has a clear idea of what they want, and they primarily assist with the transactional aspects of the purchase. This may include handling paperwork, coordinating with the seller’s agent, managing deadlines, and ensuring that the closing process goes smoothly.

In summary, a flat fee transactional limited service real estate buyer broker offers cost-effective and customizable services to home buyers, focusing on specific transactional aspects of the home-buying process while allowing buyers to take on more responsibilities themselves

It lets the buyer deal directly with Listing agent because Listing agent is not paying buyer broker a % of commission-The buyer is paying the Limited service buyer broker directly which also allows them to ask for seller concessions to lower price instead of paying buyer broker % of sellers commission.

Steps To Buy a Home

Testimonials

What people say about us

Identify Rebates and Concessions

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In Arizona, there are several types of home inspections you should consider when buying a home. Each inspection focuses on different aspects of the property to ensure that the home is in good condition and to identify potential issues. Here’s a comprehensive list:

1. General Home Inspection

  • Purpose: A thorough examination of the overall condition of the home, including structural components, electrical systems, plumbing, HVAC (heating, ventilation, and air conditioning), roofing, and more.
  • Key Areas: Foundation, walls, roof, attic, basement, windows, doors, electrical panels, plumbing fixtures, heating and cooling systems, and appliances.

2. Termite and Wood-Destroying Insect Inspection

  • Purpose: To identify any signs of termites or other wood-destroying insects that could compromise the structural integrity of the home.
  • Key Areas: Wooden structures, foundation, crawl spaces, attics, and other areas where wood is present.

3. Roof Inspection

  • Purpose: To evaluate the condition of the roof, including shingles, flashing, gutters, and downspouts.
  • Key Areas: Roof surface, flashings, skylights, chimneys, and roof drainage systems.

4. Plumbing Inspection

  • Purpose: To assess the condition of the plumbing system, including pipes, drains, water heaters, and other components.
  • Key Areas: Pipes, faucets, water heaters, sump pumps, and sewage systems.

5. Electrical Inspection

  • Purpose: To ensure the electrical system is safe and up to code, and to identify any potential hazards.
  • Key Areas: Electrical panels, wiring, outlets, switches, and lighting fixtures.

6. HVAC Inspection

  • Purpose: To check the condition and functionality of the heating, ventilation, and air conditioning systems.
  • Key Areas: Furnaces, air conditioning units, ductwork, and thermostats.

7. Mold Inspection

  • Purpose: To detect any presence of mold in the home, which can pose health risks.
  • Key Areas: Basements, bathrooms, kitchens, attics, and other areas prone to moisture.

8. Radon Gas Testing

  • Purpose: To measure levels of radon, a naturally occurring radioactive gas that can cause lung cancer if present in high concentrations.
  • Key Areas: Basements, crawl spaces, and lower levels of the home.

9. Asbestos Inspection

  • Purpose: To identify the presence of asbestos, which was commonly used in older homes for insulation and can be hazardous if disturbed.
  • Key Areas: Insulation, floor tiles, roof shingles, and other building materials.

10. Lead-Based Paint Inspection

  • Purpose: To determine if lead-based paint is present in homes built before 1978, as it can pose serious health risks.
  • Key Areas: Walls, windows, doors, and other painted surfaces.

11. Sewer and Septic Inspection

  • Purpose: To assess the condition of the home’s sewer or septic system to avoid costly repairs.
  • Key Areas: Sewer lines, septic tanks, drain fields, and related components.

12. Pool and Spa Inspection

  • Purpose: For homes with a pool or spa, this inspection ensures that these features are in good working order and comply with safety regulations.
  • Key Areas: Pool structure, liners, pumps, filters, heaters, and safety features.

13. Irrigation System Inspection

  • Purpose: To check the functionality and condition of any installed irrigation systems.
  • Key Areas: Sprinklers, timers, controllers, and water lines.

14. Pest Inspection (Beyond Termites)

  • Purpose: To detect the presence of other pests such as rodents, cockroaches, or ants.
  • Key Areas: Attics, basements, crawl spaces, and other areas where pests might inhabit.

15. Foundation Inspection

  • Purpose: To evaluate the condition of the foundation and check for any cracks or signs of settling that could indicate structural issues.
  • Key Areas: Slab foundation, crawl spaces, basement walls, and floors.

16. Soil and Grading Inspection

  • Purpose: To assess the condition of the soil and ensure proper drainage around the home to prevent water damage or foundation issues.
  • Key Areas: Yard grading, soil composition, and water drainage systems.

17. Roof Underlayment Inspection (Specific to Arizona)

  • Purpose: Due to Arizona’s climate, inspecting the underlayment beneath roof tiles is crucial to ensure it’s in good condition and protecting the home properly.
  • Key Areas: Underneath roof tiles or shingles, around roof edges, and near penetrations like chimneys or vents.

18. Environmental and Hazardous Material Inspection

  • Purpose: To check for other potential environmental hazards like contaminated soil, water quality issues, or the presence of hazardous materials.
  • Key Areas: Entire property, especially in areas with known environmental concerns.

19. Energy Efficiency Inspection

  • Purpose: To assess the energy efficiency of the home, including insulation, windows, and appliances.
  • Key Areas: Insulation, windows, doors, HVAC systems, and major appliances.

These inspections help ensure that you fully understand the condition of the property and can make informed decisions during the buying process. Some inspections might not be necessary for every property, but a general home inspection is typically recommended for all home purchases.