.png)
Why Buy With Us?
We are your partners through the entire buying process – after all, this is the most important purchase you’ll ever make!
The team at Magnolia Real Estate is dedicated to understanding your needs and preferences. We offer personalized service, taking the time to listen to your requirements and helping you find a home that aligns with your lifestyle and budget.
Magnolia Real Estate has access to exclusive listings! We have the experience, knowledge and technology to help you find what you’re looking for. Our home-search tools allow us to see listings as soon as they go live on the MLS and can send updates immediately to our buyers!
From the initial search to final closing, our agents offer comprehensive support throughout the home-buying process. They will guide you through each step, including financing options, negotiations, inspections, closing and paperwork, ensuring a smooth and stress-free experience.
With our expertise and personalized approach, you can feel confident and supported every step of the way.
Pre-Approval
A pre-approval letter is one of the most crucial items needed to purchase a house! It shows you’re a serious buyer and can afford the home you are submitting an offer for. Once you connect with our team, we can recommend local lenders who have proven affordable, reliable and trustworthy.
First-Time Buyers
First time buying a home? Don’t worry – our team is able to take you through the entire process from start to finish. There are many first-time home buyer programs and lending options. We’re happy to make recommendations and point you in the right direction.
Home Warranty
Buying a home is one of the biggest financial investments you will ever make. A home warranty protects you, the buyer, (for the first year) from damages to certain mechanical and appliance systems in the home. We know what to look out for and how to negotiate this into the deal for our buyers.
Home Inspection
As a buyer you should consider a home inspection because it provides a crucial opportunity to identify potential issues and defects in the property before finalizing the purchase. A thorough inspection can uncover hidden problems, such as structural defects, plumbing issues, or electrical malfunctions, which may not be visible to the untrained eye. Our experienced agents will help you to make informed decisions, & negotiate repairs or concessions with the seller,
Escrow and Closing Costs
When you purchase a home, there will be closing costs. These costs include fees for processing, title insurance, closing, title search, mortgage taxes, appraisals, and more. Within closing costs, there are third-party fees that come from companies that don’t work for mortgage lenders yet provide essential services like escrow. Escrow is when an impartial third party holds on to funds and distributes them accordingly to process a transaction. For additional questions on escrow & closing costs, contact one of our experienced agents!
Earnest Money
Earnest money is a form of good faith received from the buyer, that the escrow company will hold for the seller until closing. At closing, the seller will receive the earnest money with their proceeds, and the buyer will receive a credit for the deposit deducted from the amount they need to bring to closing. If a buyer is to breech the contract, the seller may get to retain the earnest deposit. For further questions on this matter, speak to an attorney.
.png)
Commissions...? Here is what you need to know.
The 2024 National Association of Realtors (NAR) rule significantly impacts the dynamics of real estate transactions, particularly for homebuyers. Under this rule, real estate firms must negotiate the commissions offered to buyer’s agents upfront with their buyer clients, primarily for transparency & to ensure your agent get compensated for their work since sellers are no longer obligated to compensate buyer's agents. An agreement between buyer and buyer's agent will now be required prior to viewing any homes. Although sellers are not required to offer compensation to your buyer's agent, at Magnolia Real Estate, we are committed to advocating for our clients by negotiating commissions with sellers or their agents to create a more favorable financial environment for buyers. However, if the seller is unwilling to work the commission into the sale, the responsibility may ultimately fall on the buyer to cover these costs. We strive to ensure our clients are fully informed and prepared to navigate these changes, aiming to make the homebuying experience as seamless and affordable as possible.
