First-time home buyers
Buying a home can be scary, frustrating and overwhelming, especially if it’s your first time. Bruce & Kelly remember how they felt when they bought their first home, so they completely understand all the emotions you’re feeling!
With their expertise, they will guide you through the buying process and ensure you understand everything from the first goal setting meeting to moving into your new home.
Buyers-assistance programs
There are many public and private programs to help first-time homeowners buy a home.
- U.S. Department of Housing and Urban Development’s list of local home buying programs for Minnesota
- National Association of Realtors’ housing information section
- The Kelly Domaille Team's local Rochester and surrounding area Preferred Lender List will direct you to professional and experienced lenders who will explain in detail the most current available programs tailored to your specific needs
How Realtors get paid
Most realtors work on contingency: they do not get paid until a client buys or sells a home. The sales commission is their paycheck, compensating them for their time and covering their expenses (such as administrative, advertising, automobile, office equipment and supplies, storage and utilities).
Typically the buyer’s and seller’s agents each receive 3 percent of the sales price. But your Realtor does not usually get the entire 3 percent of the sale price—it is split again with his or her real estate office.
- Buyer: Most real estate services are paid for from the seller’s proceeds. This is covered in more detail in the Compensation Disclosure.
- Seller: Traditionally the seller pays the real estate commission for both the selling and the listing agents (typically a total of 6 percent of the sales price). The Kelly Domaille Team will detail this expense and any other selling costs (such as taxes) in our initial presentation to you.
