Why Levi?

When you're thinking about buying or selling your property, you need to ask yourself the following questions: Do you have the time, energy, sources of information, and contacts to do the job yourself? If you are one of the “do-it-yourself” people, would the results be as good as or better than they would be if you had professional assistance? Would it go smoother? Would it give you more personal time? Would you purchase for less, if a real estate agent was involved? Read the following information and learn how Levi Salmans can help you understand everything you need to know about buying real estate.

How Do Real Estate Agents Get Paid?
Levi is generally paid through the sales commission paid by the seller when a transaction closes. Levi has expenses and financial obligations just like you, therefore, he asks for your loyalty in working with him as your only agent. Your loyalty is respected and repaid with a sincere commitment to you.

You Be the Judge!
Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $200,000. If you had a $200,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $200,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a Levi!

Buying
The process of buying a home or investment generally starts with determining your buying power; your financial reserves, plus your borrowing capacity. If you give Levi some basic information about your available savings, income and current debt, he can refer you to lenders best qualified to help you.

Finding
Once you know how much you can and want to invest, the next step is to find the properties that fit your needs. Levi has many resources to assist you in that search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by Levi to find all available properties.

Selecting
Your job is to make the final selection of the right property for you. This is when excitement and emotion run high. Levi can assist you in the selection process by providing objective information about each property. Levi has access to a variety of informational resources and can provide local community information on utilities, zoning, schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

Negotiating
There are a myriad of negotiating factors, including, but not limited to price, financing, terms, date of possession, and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should also provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase.
Levi can advise you as to which investigations and inspections are recommended or required.

Due Diligence
With a negotiated agreement in hand, it is time to complete the evaluation of the property.
Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Levi can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Levi can help you resolve issues that might cause problems at a later date.

Financing
As soon as you are reasonably sure the property is right for you, the process of obtaining financing begins. Levi can help you in understanding different financing options and in identifying qualified lenders.

Closing or Settlement
Finally, there is the closing, or settlement, as it is known in different parts of the country. Levi can guide you through this process and make sure everything flows together smoothly.