BUYING
At Lisa Cotton Real Estate, we understand that buying a home is one of the most important decisions you’ll ever make. Our team of experienced real estate agents is dedicated to helping you find the perfect home for you and your family. We will work with you closely throughout the entire process, from the initial search to the closing.
We strive to provide excellent customer service and will help you easily navigate the home-buying process.
IMPORTANT CONSIDERATIONS
Budget
Down Payment
Credit
Timeframe
Location
Type and Style
Wish List
Deal Breakers
RENT VS BUY
Renting a home involves paying a monthly fee to live in a property owned by someone else. It offers flexibility and minimal financial responsibilities but does not build equity or allow customization. Buying a home involves purchasing the property, which offers long-term stability, potential for appreciation, and the ability to customize. However, it requires a significant upfront investment, maintenance responsibilities, and commitment to a location.
Ultimately, the decision between renting and buying a home depends on individual circumstances and future plans.
1ST TIME HOMEBUYER
At Lisa Cotton Real Estate, we believe everyone should be able to own a home. That's why we are dedicated to helping first-time home buyers navigate the sometimes complicated process of finding and purchasing a home.
We have an experienced team of real estate professionals knowledgeable in all aspects of the home-buying process. From finding the right neighborhood to getting the best deal, our team is here to help you every step of the way. Contact us today to get started.
NEW CONSTRUCTION
Residential real estate new construction refers to building and selling brand-new homes or multi-unit residential properties. This type of real estate development involves planning, designing, and constructing homes from the ground up, often in developing or suburban areas. New construction allows buyers to customize homes and enjoy modern amenities and energy-efficient features. Builders and developers work closely with architects, contractors, and buyers to create high-quality homes that meet the demand for housing in growing communities.
BUYER'S AGENCY AGREEMENT
In Indiana, a Buyer's Agency Agreement is a legally binding contract between a real estate brokerage and a homebuyer outlining the terms of the working relationship to buy real estate. Since July 1, 2024, this agreement has become mandatory for real estate brokers to represent buyer clients.
Key aspects of the Buyer's Agency Agreement in Indiana:
Written and Signed:
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The agreement must be in writing, either on paper or electronically, and signed by the broker and the buyer.
Clear Terms:
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The agreement outlines the responsibilities of both parties, including the broker's duties to represent the buyer's best interests and the buyer's commitment to working with the broker.
Expiration Date:
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The agreement must include a definitive expiration date.
Copy to Buyer:
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The broker must provide the buyer with a copy of the agreement within three business days of signing.
Compensation:
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The agreement should clarify how the buyer's agent will be compensated, though in some cases, the seller may pay the commission.
Benefits for Buyers:
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The agreement provides clarity, legal protection, and access to the broker's expertise and network.
Protects Brokers:
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The agreement clarifies the relationship between the broker and the buyer, helping to avoid misunderstandings and potential legal issues.
Exclusive vs. Non-Exclusive:
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Buyers can choose between an exclusive agreement (where they only work with one broker) or a non-exclusive agreement (where they can work with multiple brokers).