For Homebuyers

Working with your Realtor

Mortgage Information: If you will be financing the purchase of your home with a mortgage and already have a lender, go ahead and get pre-qualified so that you and your Realtor know the price range that you will be working with.

If you do not already have a relationship with a lender, your Realtor can refer you to one or more firms that they know and trust. Since the vast majority of real estate purchases are financed, your Realtor likely knows which firms are best equipped to fit your particular situation.

Getting Started: Your Realtor will ask you to sign a Confirmation of Agency form, which contains detailed information about the responsibility of your Realtor under Tennessee law, an Explanation of Terms, and a form to be signed prior to preparing any offer to purchase. This is not a contract which obligates you, but simply a statement of which agent is working for which party, or that the Realtor is acting as a facilitator in the transaction. If offers are made on multiple properties, a separate form must be used for each property.

You may also be asked to sign a buyer agency agreement, which can be exclusive or non-exclusive.