How Buying a Home Works in Idaho
Sellers typically offer a commission to the Buyer’s Agent. If I represent you when you buy your home, I get paid this commission from the seller.
Typically this commission is 3%.
Occassionally it’s lower than 3%, and some agents require you to pay the difference. I won’t.
I want your offer ACCEPTED!
If you submit one of multiple offers on a home , as your Realtor I will lower my commission to make your offer more appealing.
I want you to WIN.
YOU NEED 2 THINGS Before I can show you homes…
We must have a Buyer’s Representation agreement in place, it’s the law. It includes these important terms:
Our agreed-upon dates of representation
(typically 3-6 months, however long it takes to find the perfect home)My commission, in the event the seller’s aren’t offering it.
(This has never happened but the minimum would be $10,000 flat fee instead of the typical 3%)
Secondly, as a good agent, I require pre-approval from your lender.
If I don’t know the actual budget, I will not be doing a good job for you.
Here’s a scenario: Client refuses to get the pre-approval and we go looking for homes in the $800,000 range. They fall in love with a home and the lender will only lend up to $700,000. We have wasted a lot of time and energy looking in the wrong price range.
My favorite lender is Saul Bailey at Rate in Eagle, Idaho.
I do NOT get any financial gain by having my clients use Saul. I choose Saul first and foremost because he is honest and will never sell you something you do not need. He will exceed your expectations and maintain clarity and insight along the way; he is a slam dunk.
With Rate, he can shop the best rates for your scenario and can compete with the best.
My preferred Escrow Officer is Whitney Scott at First American Title Company in Meridian.
I do NOT get any financial gain by using Whitney, I have found that she does the best job at explaining all of the paperwork to make sure the buyer fully understands their closing.
