Home Buyer Frequently Asked Questions

How do agents get paid?
The seller in a transaction will pay the agent who markets the home and a fee to the realtor that assists the
buyer with the purchase of the home. Realtors that work with buyers are typically paid a success fee when
the home closes. They buyer typically does NOT pay for the realtor’s services. I am free to you!

Why should I use a buyer’s agent?
A buyer’s agent looks out for the best interest of the buyer. Wouldn’t you like a trained, knowledgeable
professional looking out for your best interest when making the biggest financial decision of your life?

How do I use an agent when buying new construction? Why should I?
Have Lestel show you the new construction in the area that is in your price range. She can tell you about
the builder, their reputation and share with you about the neighborhood. She can also negotiate the offer for
you. Lestel understands the complexities of the fine print in the builder’s contract and can help you make
good decisions regarding options. A new construction representative is there to sell you more features and
more house. Lestel can help you set limits and be your guide through the process. Lestel can step in, on
your behalf if there is a problem. She is there for you!

What are the costs of buying a home?
When you purchase a home you will need to pay for your inspection and appraisal up front as a part of the
under contract period. When you close on your home you will need to pay your closing cost and your down
payment. How much your closing costs and down payment will be depends on the type of loan that you get.
You will need to talk to your mortgage lender to get more information.

What will my monthly payments be?
Your monthly payment will depend on several things. It will depend on how much you are borrowing, what
your interest rate is on your loan, what your real estate taxes are on the home and how much you are paying
in homeowners insurance. If you are paying private mortgage insurance that will also effect your monthly
payment. Your lender will be able to let you know what to expect before you close on your new home.

What do I do when I find a home I want to see?
When you find a home that you would like to see, whether on the internet or driving around, call Lestel. If
you contact the agent that has the sign in the yard or the one that is mentioned on the website, you will be
contacting the agent working for the seller and who is looking out for the sellers best interest. If you look at
a home with another agent Lestel cannot represent you or negotiate the offer for you.

What are the benefits of working with Lestel?
Lestel Meade has been a full time Realtor since 1998. Real estate is her career. Put her Experience, Enthusiasm, Education and Energy to work for you!