inception-app-prod/Y2RhMjk1NmItZGNkMy00NmRkLWE0OGEtMWFjZWU1ZjA0OTVk/content/2024/07/ae9d18121686c1a11c608576a291f1fc02068878.webp
S.0077021.LLC Thuy, S.0184498 Steve
inception-app-prod/Y2RhMjk1NmItZGNkMy00NmRkLWE0OGEtMWFjZWU1ZjA0OTVk/content/2024/07/ae9d18121686c1a11c608576a291f1fc02068878.webp
S.0077021.LLC Thuy, S.0184498 Steve
inception-app-prod/Y2RhMjk1NmItZGNkMy00NmRkLWE0OGEtMWFjZWU1ZjA0OTVk/content/2024/07/ae9d18121686c1a11c608576a291f1fc02068878.webp
inception-app-prod/Y2Q5Y2U3MTgtMTU4YS00YTRhLTllZTctZDI3ZDk5NmJmYzgz/content/2024/11/41def9713440aa3f4b7bee91a3096ddd328fd38f.jpg

1. What is the role of a buyer’s agent?

A buyer’s agent is a real estate professional who represents your interests throughout the home-buying process. I will help you find suitable properties, provide market insights, negotiate offers, and guide you through each step, from initial consultation to closing. My goal is to make your home-buying experience as smooth and successful as possible.

3. How do I know how much I can afford to spend on a home?

The best way to determine your budget is to get pre-approved for a mortgage. This involves working with a lender who will assess your financial situation and provide you with a pre-approval letter indicating how much you can borrow. I can connect you with trusted lenders to help you through this process.

5. How long does the home-buying process take?

The time frame can vary depending on factors like the local market conditions, the type of property, and how quickly you can make decisions. On average, it takes about 30 to 60 days from the time your offer is accepted to the closing date. I’ll work with you to ensure the process moves smoothly and address any delays promptly.

7. What is a home inspection, and is it necessary?

A home inspection is an examination of the property’s condition by a professional inspector. It’s crucial to identify any potential issues or repairs needed before finalizing your purchase. While it is not required, I highly recommend having a home inspection to ensure you’re fully aware of the property’s condition.

9. Can I back out of the purchase after making an offer?

Yes, you can back out of the purchase, but there may be consequences depending on the stage of the process and the terms of your contract. For example, if you back out after the inspection period or without a valid reason, you might forfeit your earnest money deposit. I’ll help you understand your options and any potential implications.

11. What should I do if I find a problem with the home after closing?

If you discover issues with the home after closing, it’s important to review your home warranty and insurance coverage. Most issues that arise after closing are typically covered under a home warranty or insurance policy. I can help you navigate the process of addressing any post-purchase problems.

2. How is a buyer’s agent compensated?

The way buyer agent commissions work has recently changed. While traditionally the seller paid the buyer agent’s commission, you may now be responsible for negotiating and paying your agent’s fee directly. To ensure clarity, we recommend discussing commission rates and payment methods upfront when we meet.

Additionally, Buyers and Agents now enter into a Buyer’s Representation Agreement, similar to how a seller and a listing agent formalize their relationship when selling a home. This agreement is a contract between you, the home buyer, and your real estate agent or broker, outlining the terms of your working relationship. It is now mandatory to sign this agreement at the beginning of the relationship to protect both you and the agent/ broker. This document ensures that both parties understand their rights and responsibilities, fostering a smoother and more transparent home buying process.

4. What should I look for during a home tour?

When touring homes, consider factors such as location, condition of the property, layout, and amenities. Pay attention to any signs of wear and tear or needed repairs. I’ll provide insights on what to look for and help you evaluate whether a property meets your needs and preferences.

6. What is an earnest money deposit, and how much should I offer?

An earnest money deposit is a payment made to show the seller that you’re serious about buying the home. It is typically 1% to 3% of the purchase price and is held in escrow until closing. This deposit is applied toward your down payment or closing costs. I’ll guide you on how much to offer based on the current market conditions and the specific property.

8. What happens during the closing process?

During closing, you’ll review and sign various documents, including the final loan documents and the deed of trust. You’ll also pay closing costs, which may include fees for the loan, title insurance, and taxes. I’ll guide you through this process and ensure that all paperwork is completed accurately.

10. How can I make my offer stand out in a competitive market?

In a competitive market, it’s important to make your offer as strong as possible. This can include offering a competitive price, being flexible with the closing date, or including a larger earnest money deposit. I’ll provide guidance on crafting a compelling offer and negotiating terms to enhance your chances of success.

12. How can I stay updated on new listings?

I’ll provide you with customized listings based on your criteria and preferences. Additionally, I can set up alerts for new properties that match your search criteria, so you’ll be among the first to know when a new listing becomes available.

Have More Questions?

If you have additional questions or need further clarification, feel free to contact me. I’m here to help you every step of the way and ensure you have all the information you need to make the best decisions for your home purchase.

inception-app-prod/YzkxZjIwNTUtMDA1MS00NWE2LWIxOTUtZGNjNmY3ZGZlYjI1/content/2024/11/a0a351bae5875eef680f7cbc2b8c5fcc91270248.png
inception-app-prod/YzkxZjIwNTUtMDA1MS00NWE2LWIxOTUtZGNjNmY3ZGZlYjI1/content/2024/11/a0a351bae5875eef680f7cbc2b8c5fcc91270248.png
Thuy Tran and Steve Schifferdecker
License #S.0077021.LLC Thuy, S.0184498 Steve
O: (775) 250-1417
E: ThuyandSteve@dicksonrealty.com

Steve Schifferdecker

Steve retired from a nearly 30 year career as a music educator in 2019, having taught in Nevada, Oregon, and Colorado. His post-teacher life allows time to focus on his passion for real estate alongside his wife, Thuy. Steve also ventured into his own business, as owner of New Direction Lawn and Landscape. He not only can sell your home but can also give it that curb appeal to bring top dollar! 

Thuy Tran

Thuy left Vietnam on a fishing boat in 1981 at age 8 and was a refugee in the Philippines for a year, prior to coming to the United States in 1982. Before moving to Reno, Thuy lived in Milwaukee, Wisconsin, where she earned a Bachelor of Science degree in Nursing from Marquette University. She has lived happily in Reno for the past 28 years and has been an active Realtor since 2007.

Connect