Page 52 - How To Buy A Home In Louisville

502-812-1969 / info@rivervalleygroup .com / RiverValleyGroup.com / Keller Williams Louisville East

An Average Day for RVG Agents

So, what do River Valley Group agents do all day?

Your agent’s goal is to help you navigate the purchase process so that you get a home that fits your needs and
feels “just right”. Through patience, understanding, and quick responses via email and cell phone, your Realtor
will help make your move as easy as possible. Having a Realtor on your side can help your move be smoother
than if you were just going through the process unrepresented. When you choose a River Valley Group agent to
be your Buyer’s Agent, we will provide you with the following services:

■ Narrow and broaden the neighborhood search according to the house specifications you give us. This will
ultimately shorten your home search by going straight to the houses you specifically requested. Our goal is to
save you time, especially if you are limited on time.
■ Email you the listings of all homes for sale that fit your wants and needs by sifting through the MLS online
database of available houses—not just the ones offered by our specific company.
■ Set up appointments and show properties.
■ Provide knowledge of the local area, and the real estate market.
■ Help you understand the Kentucky real estate purchase process and all the paperwork that comes with it.
Help you understand the loan process, find the home that fits comfortably in your budget and help find the
right local Louisville lender with a good reputation. A good lender can make the difference between a suc-
cessful closing and a closing that is delayed by unnecessary problems.
■ Help you understand what a fair asking price is and negotiate the lowest price possible.
■ Write an offer on the property and complete all office paperwork.
■ Negotiate with the seller or the seller’s agent.
■ Ask the seller to make repairs and ensure that they have followed through with them by the closing day.
■ Get all the information necessary for the closing to the title company or closing attorney.
■ Set a time for the closing, considering everyone’s schedules and timelines in the contract.
■ Be the go between for the buyer, seller’s agent, lender, and closing office.
■ Complete follow-up paperwork and stay in touch with clients after closing.

How does a Buyer’s Agent get paid?

In the Louisville area, most of the time a home seller pays the seller’s agent’s brokerage and the buyer’s agent’s
brokerage. The agents’ commissions are included withint the price of the home. The agents get paid by their bro-
kerage after the home sells. In the rare case that the seller does not have a realtor representing them, the buyer’s
agent can still have their agent’s commission covered as part of the sales price. A third option is for the buyer to
pay the agent’s brokerage directly, and not make the commission part of the price of the home. The brokerage
does not pay for their agent’s gas. Most agents do not get a salary, they only get a percentage of the commission
that their broker splits with them. Agents do not get reimbursed for the expenses by their brokers. More informa-
tion is in the Buyer Agency Agreement form.

The River Valley Realty Group - How to Buy a Home in Louisville, Kentucky 50