When you decide to enter into the real estate arena as a buyer or seller, consider what goals you have for the journey. Some first-timers think they can go it alone and save money by not paying a realtor's commission. They think of the agent as a person who unlocks doors and plants for sale signs in front yards.
Granted, there are those agents who have chosen their profession just to have a reason to get dressed up and go to the office. If you encounter one like that, do not engage her. Protect your investment by interviewing agents until you find one who agrees to meet your expectations and then be sure to get that into the realtor agreement you sign with her.
A good real estate agent can be invaluable to you. She, or he, will guide you through the complicated legal process and offer pertinent input through the emotional hurdles that will accompany your maiden voyage on the intimidating sea of real estate.
Services Buyers Can Expect
* Your agent will help you define exactly what you are looking for in a new home. She will suggest that before you begin your journey you get a pre-approval letter from a mortgage consultant so that you know the extent of your financial position.
* After that, your agent will find the listings that meet your needs and budget.
* She will, of course, unlock doors for you!
* When you decide on a home you want to purchase, your agent will advise you on the fair market price for that home.
* Above all, expect your representative to help you negotiate with the seller and get you the final price you are willing to pay for that home.
* Further, expect your agent to be present during the home inspection.
* Expect him to schedule an appraisal.
* Expect him to attend the closing with you.
Services Sellers Can Expect
* Invite the realtor to meet with you in your home to evaluate your property.
* He will do a market analysis and help you arrive at an asking price.
* Take his suggestions for repairs or improvements. He knows what buyers are looking for and "what's hot and what's not" in today's market for your location and type of home.
* He will devise the best marketing strategy for selling your home as quickly as possible.
* Your agent will invite other real estate agents to an open house in your behalf.
* She will take pictures of your home and get your property listed on the internet where it can be viewed by prospective buyers.
* Then, she will schedule a buyers' open house.
* Expect your agent to follow through with negotiations, the inspection, the appraisal and the closing.
Yes, you can do it yourself. However, it is using the real estate agent who has the knowledge, networks and experience to get your home sold in a timely manner that will save you time and money.
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