Cathy Lomasney's Blog
When you’re ready to buy a house, it would be easy to just pick a house and sign the papers, right? Too bad it doesn’t work anything like that! Besides getting your finances in order, there are plenty of things that you should do ahead of time to get yourself ready to buy a home. Choosing a relator should be high on that list of priorities.
Do Your Research
There’s plenty of ways for you to search for a home before you even start in order to decide what you might like before you even set out with a realtor. Once you start working with a realtor, they’ll be able to set up alerts for you to get via e-mail where you’ll be able to see new properties that have just been listed and price changes to previously listed properties.
Let Your Realtor Do Their Job
Realtors are experts in homes. It is in their job description! Your realtor will do the research on prices and property details. An important aspect of the housing search is finding the price of similar homes in the area. This is key to making your offer. Your real estate agent has all of the information that you need.
Hang Out With Your Realtor During The House Hunt
When we say that you’ll have a close relationship with your realtor during the home search process, we mean it. Coordinate with your realtor to go to open houses. Your agent will either accompany you to the open house or make appointments for private showings of properties. Even if you have to bring your child and a carseat, your agent will be more than happy to accommodate you!
Mention Properties You See When You’re Out And About
The realtor has your criteria of what you’re looking for in a home. However, if you’re out and see a home for sale that intrigues you, write down the address and contact your agent about it. They can either arrange a private showing of the property or advise you otherwise. Many times, a property may be out of your price range or have strange circumstances. However, occasionally, agents and computer software miss things! It’s always good to be on the lookout and seek more information.
Don’t Hesitate To Really Look Around A Property
Although you may feel that you’re being a bit invasive by opening drawers, closets and doors in a home, it’s very important to! You need to see how you can make the best use of the storage space within the home for yourself. You’ll also want to make sure there’s no significant damage or hidden features that you’re missing out on.
Most importantly, remember that your realtor will be your ally throughout the house hunting process. You want to make the best use of the great resource that your realtor is!
Real estate agents help everyday people to shave hours off the house hunting and home buying process. When you partner with a real estate agent to buy a house, you also gain a handy contact who knows the ins and outs of the areas you're interested in moving to. A realtor can save you from having to research schools, visit community facilities, stop by shopping centers and check out entertainment and social spots in person.
Ink a deal with the best real estate agent
But, all realtors are not equally experienced, honest or concerned with getting you the best house and mortgage possible. Check out these signs that may reveal that you're working with a good realtor. A good real estate agent should exhibit most, if not all, of these signs:
- Has an active license in the state she sales houses in. A good real estate agent also doesn't have a history of receiving customer complaints or licensing agency disciplinary actions.
- Looks for the best house and mortgage deal for you instead of focusing solely on his commissions.
- Does not engage in mortgage scams.
- Are excellent active listeners. Even though real estate agents have more experience buying and selling houses than you may have,good realtors still listen to your opinions, suggestions and insights.
- Share the amount of percentages that they will receive from the sale of a house
- Tell you how they derive at comparables on houses that they show you, whether you are buying or selling your house.
- Will not encourage you to sign mortgages that don't require you to put any money down on a house.
- Make sure that houses that you are serious about buying receive a thorough inspection.
- Tells you about the risks and benefits involved in buying a short sale house or a house in foreclosure.
- Reviews the total costs of a house with you, including inspection, closing, marketing, lender fees, homeowners insurance and homeowners association fees.
- Informs you of special types of insurance that you may need in an area. These insurance types include flood insurance, hurricane insurance and mud slide or earthquake insurance.
- Understands how mortgage brokers work.
- Knows whether it would be more beneficial for you to rent temporarily or until mortgage interest rates drop.
- Doesn't get kickbacks from mortgage lenders.
- Helps you to understand homeowners association rules and whether or not homeowners association fees are competitive.
If you're buying a house, a good realtor does more than find you the type of house that you're looking for. A good realtor looks for great mortgage deals for you. If you're selling your house, a good real estate agent uses her strong communications skills to write a compelling house listing for you. Both you and the buyer will benefit from the sale thanks to the real estate agent's reputable work. Above all, you'll feel confident to share the name and contact information of the realtor with people you know who are in the market to buy or sell a house.