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Table of Contents
Buying
A Home? A Real Estate Agent Can Help...
Selling
A Home? A Real Estate Agent Can Help...
Selecting
A Real Estate Agent
Who
Is Involved In A Real Estate Transaction?
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Buying A Home? A Real Estate Agent
Can Help...
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A Real Estate Agent...
- Has the most information in one place about
what is on the market.
- Has access to homes listed by other real
estate professionals.
- Can help you choose a home that fits your
needs - features, size, location, etc.
- Can provide information regarding local taxes,
utility costs, schools, churches, shopping, transportation,
etc.
- Selects and researches qualified properties.
- Explains basic real estate principles.
- Helps you understand the financing options
available to you.
- Helps you determine how much you can afford
to pay for a home.
- Acts as liaison between you and the seller
to present offers and counter-offers until an agreement
is reached.
- Provides an objective view with no emotional
ties.
- Follows up throughout the transaction.
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Selling A Home? A Real Estate Agent
Can Help...
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A Real Estate Agent...
- Can give you the quickest exposure to the
maximum number of buyers.
- Can "qualify" potential buyers
to determine whether your home fits their needs and if they
can afford it.
- Helps coordinate inspections.
- Assists in writing an offer.
- Helps you price your home right.
- Explains the closing process and financing
options.
- Knows how to effectively market your home.
- Will handle marketing your home through various
methods (i.e. advertising, open houses).
- Is knowledgeable about current market conditions
and requirements.
- Shows your home to potential buyers, handling
incoming phone calls and showing appointments.
- Explains basic real estate principles - agency
relationships, contracts, etc.
- Offers objective views without emotional
ties.
- Handles negotiating the contract - presents
offers and counter-offers.
- Follows up throughout the transaction.
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Selecting A Real Estate Agent
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Does The Agent...
Listen to your needs?
Provide multiple phone numbers so they can be easily reached?
Return phone calls promptly?
Explain information and processes so you understand?
Do business frequently in your neighborhood?
Seem conversant about local market conditions?
Seem knowledgeable?
Have access to the Multiple Listing Service?
Have a detailed written marketing plan (if you are a seller)?
Have references? Ask the references the following questions...
a) Did the agent keep in touch? b) Was the agent prompt? c)
How long it took to sell your property or to buy your property?
d) Was the agent well prepared and knowledgeable? e) Did the
transaction go smoothly? f) Would you hire the agent again?
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Who Is Involved In A Real Estate Transaction?
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Following is a list of people
who may need to be involved in your transaction. A Real Estate
Agent will help contact these people and follow up to ensure
the transaction goes smoothly.
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Buyers
- Appraiser
- Legal Assistance
- Contractor (for repairs & work
orders)
- Mortgage Company
- Credit Bureau
- Loan Officer
- Lending Underwriter
- Loan Processor
- Title Company Representative
- Title Processor
- Notary
- Current Mortgage Holder
- Courier (fax station)
- Moving Company
- Referral Network
- Utility Company Representative
- Surveyor
- Pest Inspector
- State Tax Bureau
- Septic/Sewer Health Inspection
- Structural Engineer
- County Auditor
- Limited Practices Officer (LPO)
- Escrow Agent
- Negotiator
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Sellers
- Advertising Agency (newspaper, flyers)
- Office Supply (for rooms)
- Appraiser
- Legal Assistance
- Contractor (for repairs & work
orders)
- Buyer's Mortgage Company
- Buyer's Loan Officer
- Lending Underwriter
- Loan Processor
- Title Company Representative
- Title Processor
- Notary
- Current Mortgage Holder
- Courier (fax station)
- Moving Company
- Referral Network
- Utility Company Representative
- Surveyor
- Pest Inspector
- State Tax Bureau
- Septic/Sewer Health Inspection
- Structural Engineer
- County Auditor
- Limited Practices Officer (LPO)
- Escrow Agent
- Negotiator
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