Remote Buyer Services
A special group of services for Buyers relocating to the Inland Empire.
We have enjoyed overwhelming response at MLSHomeQuest from buyers looking to
relocate from areas outside of the Inland Empire. This is a tough
relocation, as it frequently involves less than frequent access to this area for
previewing homes, and usually involves some sticker shock.
Homes in the Corridor running from the City of Ontario/Pomona on the North,
extending South to Temecula, and including the City of Riverside and its suburbs
present high values for Southern California, but are still quite expensive
compared to most areas in this country. Cost of entry can be quite
difficult.
With demand for this area projected to maintain or increase into the year
2020, they also have the potential for handsome equity accrual. Tax
advantages are high, resale typically quick due to demand. Although it
would be difficult to recommend any home as a short term investment, the demand
projected to remain in this area for the next decade supports homes as
investment vehicles for anyone who plans to live in this area for much longer
than just a couple of years.
We realize the challenge of trying to identify and purchase a home from a
remote location, and to ease this process are now offering the following suite
of services for buyers looking into this area in this manner.
Remote previewing:
We will work with you to first identify potential candidates for a new
home, then take the time to preview them in person. While previewing
them, we will photograph and document the homes in greater detail than what is
typically found in a Realtors listing. This will provide buyers with
more of the information needed to concentrate a group of homes together in
order to justify a trip into this area to preview them. Buyers should be
prepared to be in the area and available for previewing homes at least once a
month. During peak demand season we recommend being available to travel
in at least once every two weeks until a home candidate can be selected.
Remote management for transaction responsibilities:
We will act as your eyes, ears, and local presence to monitor and enforce
the provisions of any contract you participate in to acquire a new home.
While we cannot assume your legal responsibility, we will make every effort to
assist you in acquiring the essential services (home inspections, disclosures,
etc...) that you may need to perform, and overseeing their execution. In
doing so we will provide you with constant communication regarding the status
of your transaction.
Identification of essential community support and services:
The process of identifying community organizations that you and your family
can avail yourselves of can be difficult without easy access to this area.
Make a list for us (churches, boy/girl scouts, sports leagues, schools,
community service organizations) and we will provide you with primary contacts
for this area. The Inland empire has one of the most active populations
we have ever seen in this regard, and the choices abound.
Training in the use of essential tools that will make this process easier for
you:
While some tools are fairly common and broadly used now (mapquest etc..),
there are other tools you can use to refine the process of identifying and
concentrating your home search in specific areas of interest. We will
take the time to acquaint you with the basic operational understandings of the
tools you will need to use to be most effective from a remote location.
Many are available here at MLSHomeQuest.com.
Loyalty and trust:
We firmly believe in the pursuit of excellence in our profession. We
are not hard closers, and do not value the closing of a transaction above the
complete satisfaction of our clients. Upon entering into this program,
we work very hard for you to ensure that you have the maximum number of good
reasonable options to consider and that your interests are protected
throughout your transaction. Our Remote Buyer program aligns our
interests firmly with yours, and ensures that we are both incented to seek the
very best opportunity available for you.
Homebuyers Warranty:
There is nothing worse than moving into a new home and having a problem
with something. All remote buyer agreements come with a free one year
warranty for your new home upon successful completion of escrow in a
transaction where we act as your agents. We want you to be happy here,
and value your potential future business. To this end we provide these
warranties as a way of saying thank you for your patronage and in an effort to
relieve one area of concern when purchasing a home. Some exclusions will
apply, where the commission we receive for a home sale is not sufficient to
fund this offer after paying our normal costs and overhead for a transaction.
Exclusions are very rare.
Requirements
- Buyers must be pre-approved for their purchase if planning to finance
their home. We will need a letter of pre-approval from a known major
lender to use in presenting any offers for a potential home. Credit
scores should also be included. This information is treated with the
highest degree of confidentiality and will not be released to anyone with your
permission and approval.
- Verification of any reserves you intend to use to acquire a home (any down
payment or cash portion of a transaction). We realize the sensitivity of
this requirement, but it is almost always required by the agents of home
sellers. To be sure we are prepared to answer any request or query of
this type from a buyers agent, we keep this on file where we can access it
quickly in order to comply. Most (ALL) agents who are acting in the best
interests of their sellers will require this of us before accepting an offer
on a home. Verification typically involves the most recent statement you
have from any reserve or cash account, with the account numbers appropriately
whited-out. Sellers are not entitled to your account number, only
verification that you have the reserves required to complete the transaction.
Copies are kept on paper only, not entered into any form of electronic storage
system by us, and destroyed upon successful completion of a transaction or
termination of our agreement.
- Your due diligence, self education, and time required to consult with us
on a regular basis. Time is of the essence in all matters relative to a
Real Estate Transaction, and this is particularly true in high demand markets
like those in the Inland Empire.
- Execution of, and entering into an exclusive buyers agent agreement with
one of our participating Real Estate agents. These services are beyond
the normal scope of responsibility for a Real Estate agent and represent a
risk for the agent with regard to his or her time (which is their primary
source of income production). With assurances that they have an
exclusive arrangement with you, they can devote the time required to providing
these services while minimizing their own risk. It also presents an
opportunity for the agent as they are reasonably assured of income for their
efforts upon successful completion of your transaction. This solidly
aligns their own goals with yours. These agreements will not incur
additional cost to you, as our participating agents have all agreed to accept
the commission portion assigned to the selling agent by the contract that
exists between the sellers agent and the seller.
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