Tips For Buying Real Estate
So, what is the difference between a real estate agent and a “Realtor.” Basically, a Realtor is a real estate agent that has become a member of the National Association of Realtors and thus subscribed to the Code of Ethics required of the state.
Several buyers are looking for a Realty Agent that is honest. That’s why testimonials are so important. When a buyer is dealing with what could probably be the biggest investment they will ever make, it is important to work with a real estate agent that can be trusted.
Here are a few things a Realtor can do for you:
Your Realtor can help you determine your purchasing power - that is, your financial reserves plus your borrowing capacity. If you give a Realtor some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders like banks and mortgage companies only offer a few options.
Your Realtor can give you valuable information about the home. What determines the value of a home? It’s not the listing price. Sometimes the listing price is low and other times its way too high! Your Realty Agent can compare the recent sales in the area to find out how much similar homes have sold for, as well as find out how much the home had previously sold for. This can help determine the value your home.
Your Realtor can work through the contingency period with you. Did you know that as a buyer there are contingencies that are built into the contract that protect you? The two main contingencies are loan and inspection. Having a Realty Agent clarify these contingencies is beneficial and crucial to writing an offer on a home that you will more than likely be borrowing money to afford.
When purchasing Townhouses a Realtor can provide value to the transaction. They are trained and prepared to treat you as they would like to be treated themselves. It’s a valuable quality when you’re making such an important purchase. In a tough Real Estate market like the one we are facing in California, it is important to work with a Realty Agent that is familiar with the business and knows what he/she is talking about.
Source:Blog Stuck On You
Topics: Real Estate Investment Tips |
Related Posts
Comments
You must be logged in to post a comment.