So always use a Realtor®. They will look out for your best interests. Whether you are buying or selling, commit to a person you can trust and is educated to help you make wise decisions.
As a buyer, you will want to look for an agency that does not charge you to represent you - as some agencies will charge. Always ask if the real estate company charges. Most buyers’ agencies get paid by the seller-side at closing. Just as important, always ask for a copy of your contract for your records so you know what to expect.
A Realtor® knows the market and knows your neighborhood. With the current inventory shortage that we are experiencing right now, it is important to know your inventory. When a property comes on the market and meets your criteria, your agent should act quickly and arrange for you to view it to see if it meets your wants and needs. If so, act quickly to write an offer.
If a property is priced appropriately, it won’t be on the open market for very long. As a result, be very prepared. Unless you are making a cash offer - always, always, always have a pre-qualification letter in hand so it can be presented to the seller’s agent, at the time of the offer. Be aware, that if there has been a lot of activity on a property, it has become commonplace that agents are submitting offers well above asking price.
Also, other things you should know about houses are if they are: occupied, vacant, in foreclosure, short-sale or bank owned. You should know as much information as possible about each property before making an appointment. Also make sure you tell your Realtor® your timeframe for buying or selling.
The more information you share with your Realtor® - the better he/she can serve you.
So, ask your Realtor® all the important questions and hopefully they will guide you to making the right decisions. Happy house hunting!
Richie Vraux is a Realtor®/ Broker with Remax Allied with more than 20 years’ experience.
If you need advice either for buying or selling, call Richie at 317-1297.