How Do Unsecured Homeowner Loans Work in the UK?

There are usually two kinds of loans: secured loans, and unsecured loans. Unsecured loans are the ones which do not require any kind of security that is to be assured to the loan lender. However, a secured loan is the one where the potential borrower would have to secure a guarantee or security against which the lender will lend money. Usually, secured loans are the better choices among the two because they come with many large and small benefits like lower interest rates – but you need to put one of your valuable assets as collateral. But you can easily avail a homeowner loan without using your property as mortgage. So, how do these homeowner loans work? In this article, we will discuss:

  • What is an unsecured homeowner loan?
  • How does it work?
  • Features of an unsecured homeowner loan
  • Why should you apply for it?
  • How to choose the right loan?

What is an unsecured homeowner loan?

A homeowner loan can be taken by those who have a home in their name. With an unsecured homeowner loan, people can get a loan for a certain amount of the total value of the property without having to guarantee their property to the lender. One needs to be above 18 years of age and also should have a regular income source for being eligible for the unsecured homeowner’s loan. How does an unsecured homeowner loan work?

Homeowner loans are very common these days as come with certain benefits, which are beneficial for the debtors. The borrower who has taken the loan has to repay it along with the interest charge in monthly instalments. The interested party should check the availability of the loan along with the market conditions before taking out an unsecured homeowner loan. They should also make sure that they can pay off the loan every month. Loans can be requested on different types of property like flats, bungalows, cottages, houses, etc. Some of the things that the lender usually takes into consideration are the age of the applicant, the loan term they can pay for, the value of the property, the income of the applicant and their credit record.

Also, the rate of interest for these loans are either fixed or a floating rate of interest depending on the lender. Variable-rates of interest can be a bit expensive as compared to the fixed rate of interest in which the repayment instalments remain the same throughout the tenure of the loan.

Some of the important features of homeowner loans

The value of the loan will be a certain percentage value of the entire property which is negotiable in terms.

  • The tenure of the loan will be stretched from 1 year to 7 years, depending on the value of the loan.
  • The interest rate is either fixed or floating.
  • There will be a thorough affordability check considering income and credit score, and then a determination of eligibility of the homeowner loan.

Usually, there will be certain lenders who might take a certain amount as fees for finalizing the loan. Research can be done before selecting the lender who is not charging any extra fees.

Some of the fees which are included in the homeowner loan are:

  • Legal Fees
  • Broker Fees
  • Disbursement Fees
  • Valuation Fees

After a lender and loan have been selected, several steps are to be completed before the loan is finalized. Usually, these steps can take 4-5 weeks, after which the loan amount will be transferred to the debtor’s account.

  1. The lender will check the credit record and make sure that the loan can be paid.
  2. The lender will then check the current pay stubs to determine an income’s regularity.
  3. They will then check the registry of the house to confirm the ownership.
  4. Lastly, they will calculate the property’s value and equity before finalizing the loan amount.

After the loan is granted, the monthly EMI’s of the loan will need to be paid. If you are paying off the loan early, a certain early redemption or repayment charge would be administered. Homeowners can also take a payment holiday with the lender’s approval, but in such cases, the cost of the loan will increase.

Why should people apply for homeowner loans?

Some of the reasons why people take homeowner loans are mentioned below:

  1. Funding: The money that you receive can be used to fund a large expense or a smaller one, depending on your needs. Also, you can use it for your wedding expenses or to fund your dream holiday.
  2. Business: They can start a business with their loan and invest in it with the amount. This will make the repayment of the loan easier because the returns can be used from the business to repay the loan and can also successfully secure the future of your business by investing in it.
  3. Home improvement: Renovations and improvements can be made in the home because usually, these renovations are expensive. To increase the value of the home, timely renovations and improvements can be very helpful to enhance the overall property value.

How to select a homeowner loan?

Searching for the right kind of loan can be difficult as there are many options to choose from. Some of the steps that should be taken while choosing a loan are:

  1. First, decide the amount to be borrowed for this loan.
  2. The next step is to calculate the value of the property according to the current real estate trend and by calculating the mortgage value that is still outstanding.
  3. After this, decide the number of instalments that can be paid every month and according to that, decide the term of the loan.
  4. Next, keep records like house registry, credit report, etc. available because these are needed by the lender to make their decision.
  5. Lastly, talk to a broker for getting a market viable homeowner loan on the property

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Shalini M

3 Easy Ways – How to Sell Your Home

Most home sellers usually put up their homes for sale and initiated making repairs in a rush, began marking schedules for an open house visit, and started calculating prices and home bids in frenzy. To get rid of yourself of all the harried entanglements that come with selling a house, what you really need is a good and effective selling plan. While you may commit some mistakes along the way, it is wise to learn from experience and be more creative in selling your home.

It is vital to have a good plan first before sticking up a single for sale sign or marking your way to real property ad listings in the Internet. Unless you are completely prepared to sell, always organize plans so you can sell your house in a jiffy. Note that you are going to have some competition in the home buyer’s market so be prepared to unleash every creative and aggressive spark that you can. Have some motivation and commitment to selling and you are sure to strike gold. If you think that selling your property entails so many complications, there are five easy ways on how you can best sell your home.

De-clutter your messes

First of all, a clean house is a nice house to live in. Home buyers certainly do not want to see all that junk stashed in one corner of your house and other knickknacks strewn in another area. If you have a penchant for collecting things but want to sell your home, it is wise to have your junk organized in a room where you can easily dispose of it once you move out of your house. Pack up those decorations, souvenirs, books, and other essential items in a box, label them, and store the boxes in a storage space when not in use. When a potential home buyer drops by to view and examine the house, you are ready and prepared to showcase your clean and well-organized nook and cranny.

Do away with personalized items

A buyer does not need to be distracted by things that you own. If a prospective home buyer sees photographs of your home in the Internet or drops by for an open house visit, your house should be rid of the personal things that implies that you are living in it. Remember that you want to sell your house and promote it rather than have buyers think they will be sharing the house with you. Remove built-in fixtures, window coverings, and appliances if you want them to go with you. If you have valuable vintage items hanging around the house, the thing is, a buyer will not want it if he or she will not see it. Pack your valuables and favorite knickknacks or better yet replace them if necessary.

Make repairs

You do not have to make major repairs if your house does not need it. However, you need to make minor renovations in order to lure potential home buyers. These may include replacing cracked counter tiles, cementing holes in walls, fixing doors, ceilings, leaky spigots, drainpipes, and painting walls with neutral tones. If you have any eccentricities such as having a purple bedroom, paint it another color which would make it like any average house on the street.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Marikor Hidalgo

Marketing your Home based Business Website

So you now have your own home based business and you have a website promoting your products or services. You sit and wait expecting fame and riches but the orders are not coming in. Where all the customers in this global marketplace you are now part of? You thought they would be beating down your door to send you money.

A home based online business is not any different from a traditional brick and mortar business in the sense that if no one knows you are there no one will come. You must aggressively market your home based business. There are millions of websites on the internet and possibly thousands who are selling products are services similar to yours.

How can you market your website online so that people can find your business? How do you set yourself apart from the competition?

There are plenty of low cost strategies you can take to increase your chances of being found by potential customers on the world wide web.

1. Put your website URL address on everything. It should be on your business cards, your letterhead and any other materials you use for promotion. Your website address should be at the end of every e-mail you send as part of your signature. For example, if you have a website that sell leather apparel you might sign all of your e-mails with something like:

John Doe

John Doe Leather Company


2. Submit your website URL to the major search engines. If they do not add your site to their computers then you will never be found. You are better off to go to each search engine and submit your site on your own than paying a search engine submission site to do it for you. You can do it for free yourself and if you pay a service you have no way of knowing whether they actually submitted your site or not.

3. Subscribe to various Internet forum which pertain to your particular industry. Post message on these boards and each time you do sign your name and website address just like you do in your e-mails. Be careful though not to only appear to be promoting your website. If it becomes apparent that you are spamming for your site then you will be kicked out of the forum. When you post make sure to post insightful, relevant information pertaining to the topic.

4. Set up a Blog and post to it daily about the topic of your home based business. This is currently one of the hottest Internet marketing tools on the web. A blog is like an online dairy. Every time you post to your blog sign your posting with your name, business name and url address. For more information on blogs try searching on the term and you should find plenty of resources available.

5. Include keywords pertaining to your home based business all over your website and within the title of your website. It is not considered appropriate to simply type your keywords over and over again. This is considered spam and you could be kicked off of a search engine for doing that. Instead include lots of relevant text on your website including your keywords within the content as naturally as possible but as often as possible without going overboard and sounding silly.

The above strategies do not cost anything to implement and if done consistently over time will increase the chances of people finding your website and consequently buying whatever it is you are selling through your home based business.

To your success!

Copyright © Paul Jesse

All rights reserved

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Paul Jesse

Home Appraisal Costs – What Does It Cost To Get A Home Appraisal?

Having a professional home appraisal done is an essential step to selling your home, determining your property value and deciding how much you will qualify for in the event that you decide to take a second mortgage out on your home. Of course getting a professional home appraisal done on your home can be costly. There are a number of factors that determine the cost of a home appraisal. Here are the different factors that could contribute to the overall cost of your home appraisal:

What Kind of Appraisal do you want to have done? There are different types of professional appraisals that can be done on your home, but the most common is the Uniform Residential Appraisal Report (also known as the URAR). There are also shorter appraisals, often called the „Drive By Appraisal“ due to the small amount of time spent assessing the property and these can cost less. Not all banks or lenders will accept these shorter appraisals, though. Make sure you check with your lender when you are deciding which one to get.

What kind of property do you have? That type of property being appraised will also figure in to the overall cost of the appraisal. Usually multi-family properties will cost more to appraise than a single family home or condominium.

What is the value of your property? Yes, this is one of the things you are having appraised, but typically the higher priced pieces of property will have a larger appraisal cost than the lower priced pieces of property. A typical cut off is five hundred thousand dollars. If your home and property are worth more than five hundred thousand dollars, your appraisal is going to cost more.

What is the property used for? A piece of property that is used to generate income is going to cost more to appraise than a piece of property that is not used for such a purpose. An appraisal of a rental property would include a rent survey as well as an income statement for the property.

Sadly, the cost of an appraisal is relative. One cost does not fit all.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Jordan S Ashton

Home Selling Tips – Sell Your Home Faster Using These Great Tips

Many people are having a very difficult time selling their home today. The market for most of the country is considered a buyers market. If you plan on selling your home fast then consider these few tips.

Always price your home two percent lower than the current market value. Notice I said current market value. Many people price their home on what they think it should sell for versus what it actually will sell for. You can’t base your value one what you paid for it or what it appraised for six months ago when you refinanced it. You must base your selling price on an accurate appraisal. There are several ways to get a good home appraisal but the most accurate is to pay for one. This type of professional appraisal will normally cost between two hundred and five hundred dollars. Once you get an accurate appraisal then price it lower than the appraised price.

Improve the landscaping around your home before trying to sell it. Most people today will look at a property from the outside before asking to look at the inside. In fact many people will look at the property online before deciding to drive by and look at it, so make sure your landscaping looks great.

Always make sure your home is not cluttered and is perfectly, spotlessly cleaned. There should be no odors present when someone walks into your home. The bathrooms and kitchens should be spotless. Don’t lose a sale because it is a mess. Always advertise on the internet even if you are using a real estate agent. Find as many places that allow free advertising as possible and post good pictures of your home for sale.

Follow these tips and your home will surely sell faster.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Jordan S Ashton

Sell Your House – What Is The Best Way?

If you need to sell your house you should make sure and be aware of the various options youhave. In this article we will look at a couple of ways you can sell your home.

You just need to make sure that you check into each option before you decide which one would be the best one for you.

Here are some of the options you can use to sell houses of any type.

One: You can try to sell your house yourself. Before you try it yourself this is something you need to learn all about. Otherwise, you could be hurting the sale of your house more than you are helping with the sale of your house.

You will have a lot of work to do because you must take care of the legalities, fill out paperwork, list your home everywhere you can, and so forth. So before you try this you will want to do some research and find out all about it before you decide to do it.

Two: This is the option that most people use when they are trying to sell houses. You can go to a real estate agent and get them to help you. They will be able to take care of the paperwork, listing and legalities for you. So this will be a lot less work for you.

However, you need to make sure that you take the time to check into all of the different real estate agents that are in your local area that can help you. You have to make sure that you are using the real estate agent that will benefit you the most.

Three: You can use one of the many different Quick Sale Agencies. This will help you to sell your home faster than any other way but before you use this option you will need to make sure that you check into it. Before you decide to use one do some research and check out as many of the Quick Sale Agencies as you can.

These are the three options that are used the most when people are trying to sell houses. You want to make sure you check into each option before you decide which route you are going to go.

This is important because you want to sell your house, but you want to make sure you get a good price for your home, and you want to make sure you do it with the least amount of hassle.

So don’t rush into any decision about which route to go. Check into everything first.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by James Redmond

Tips in Selling a Property – How to Get a House Sold Fast

Currently, everything happens so quick. We all want everything done quickly to avoid wasting time and cash. But, not everything fast will give a better outcome. Selling a house quick is not simple yet still achievable. Selling a house fast can be achieved with the aid of an expert. There is a lot of reasons why you might want to sell your house fast, but do not let those factors turn into obstacles. You should use it as motivation for you to sell your property quick. First thing to keep in mind when selling a house fast is point out the best element of your house to the buyer. Help your house to appear great and appealing. If you are able to make your house look attractive and display it to the good buyers, the end result is going to be a lot better.

If you need to sell your property fast, you will need the help of an expert. To make the interior of your home more appealing, you will have to hire an interior designer to make an attractive view of your house. A well-decorated home will sell quicker and for more cash than one that is not. You will also need to tidy up your house and storage space for example restroom, cellar, garage, closets, and attic (if your house has one) so that your house will appear organized and neat.

You will also need to take a few good photos of your house. Why is it necessary to take photos of your house? Simply because these days, a lot of property buyers, search for homes on the internet. This means you can put your property’s photos on the internet so that buyers may take look at your house. How could you sell you house quick if your house does not appear appealing on the internet? Usually, if buyers are not drawn to your house on the internet, there will be a small chance that they are willing to visit your house in person.

Make certain that your house is insect free, and has good plumbing, normal water,good septic system, and is asbestos free. After all those things are established, you should make a date for an open house. If you have a lovely backyard, show it off in the morning hours. If there is something that you adore most about your house, make sure to reveal it to potential buyers. Selling a house fast is not a difficult action to take. But, you still need to invest extra cash. But those expenses are truly rewarding when compared with the cash that you will get. I hope that you could sell your property quickly.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Demetrius Weatherspoon

Short Sales to Avoid Foreclosure

Liquidation options can help reduce the negative effect on your credit reputation. There are several different ways this might occur depending upon your financial circumstances. If you simply can’t afford to stay in your home and haven’t been able to sell it, you may qualify sell or „short sale“ your home. Liquidation options include:

1) Selling your home. To consider this option, research the „sold for“ numbers, or comparisons „comps“ of similar homes in your neighborhood. Ignore the LISTING PRICES unless you live in a submarket that is not falling in real estate values. Complete this research by calling your local Realtor or checking the internet at a home value website. It is essential that sellers, realistically understand that houses in some market are taking up to 11 months to sell.

Selling your Home Example:

Be careful when listing with a Realtor. John, a real estate investor, almost lost an investment property to foreclosure due to Realtors trying to get the listing by enticing me into listing my home for the „top dollar“ which would net them the „top commission“. Often incoming offers did not have enough equity to cover the mortgage and their commissions. Be sure that your realtor is looking at your best interest 1st, theirs 2nd.

2. Short Sale. If you can sell your house but the sale proceeds are less than the total amount you owe on your mortgage loan, the lender may agree to a short sale payoff or „short sale“ and write off the portion of the borrower’s mortgage that exceeds the net proceeds from the sale. When a borrower receives a short sale offer, the borrower should contact the lender immediately. The lender normally takes them a month or two to consider the short sale settlement.

Disadvantages of a Short Sale:

o Sometimes the lender can take a long time to consider a short sale offer, in the meantime, your foreclosure clock is still running and the seller may tire of waiting and go to another house.

o Possible tax considerations, talk to your tax accountant about the 1099 ordinary income for the gift of forgiven loans, as well as the insolvency exceptions.

o Problematic option if you have a 2nd or 3rd loan, line of credit secured by the property. Although the 1st lien holder of the property may agree to a deed-in-lieu of foreclosure the subsequent lien holder have not. The subsequent lien holder loans can become unsecured debt that is attached to and stay with the borrower to pay off.

Short Sale Example: Sharon’s and her husband George separated. George left Sharon with the entire mortgage to pay. Sharon was not able to pay the mortgage by herself and decided to put the home up for sale. The payoff amount of the mortgage was $575,000. Ricky Realtor advised Sharon that her home value was $500,000. Sharon decided to put her home on the market, but attempt to sell it as a short sale. After 5 weeks, Sharon received an offer for $490,000. Ricky Realtor submitted the offer to the lender. The lender took the offer for $490,000, agreeing to take less than the payoff in the mortgage.

Immobilienmakler Heidelberg

Makler Heidelberg

Source by K. Patrice Williams

Selling Your Home During the Winter Months

Here in New England it’s currently winter time. Whether you’re a Realtor or the average person, I’m sure you’ve heard this statement „I’m going to take my house off the market because no one is looking to buy during the winter.“ Or, how about this? „I’m going to wait until spring to put my house on the market when there are more buyers looking and prices are higher.“ While on the face of things, these statements may seem logical, let me point out a few reasons why it may not make sense to wait.

Let’s take a look at the first statement:

No one is looking at houses during the winter Serious, well qualified buyers look at housing year round.

  • Less inventory = Less competition That means that those „serious, well qualified buyers“ that are looking at homes will have less to choose from. Your home will have less competition which may, in fact, result in a better sale price.
  • Young home vs. new construction Perhaps you own a young home and you’ve been competing against aggressively priced new construction. During the winter months, unless the foundation has already been poured, construction of a new home is quite difficult. Your young home now looks mighty attractive for someone who needs to move now!
  • Relocation Buyers Statistically, more relocations happen in January than any other month. This is an excellent source of potential buyers that you may be missing, if you’re waiting until spring.
  • Less showings You may get less showings but the folks viewing your home are likely serious, well qualified buyers, who want to move now.

Now, let’s take a look at the second statement:

I’m going to wait until spring when there are more buyers and prices are higher – Waiting until spring to market your home may result in more showings but how many of those are motivated to buy at that time? Typically, in the spring, we’ll see buyers who are thinking of moving, have a house to sell, haven’t been pre-approved, or want to consider owning vs. renting.

Are prices going to be higher in the spring? Only time will tell but I wouldn’t count on it. During the past couple of years, values have been declining markedly. While „waiting for the spring“ might have been a good plan 5 years ago, it no longer has merit. Every passing month could result in a lower sale price.

In summary, there are plenty of serious, well qualified buyers searching for homes during the winter months. Interest rates are at a historical low. Your competition is sitting it out waiting for warmer days. Now may be the just the right time to sell your house!

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Cath Condon

Choose the Best Realtor – How Can You Find the Best Real Estate Agent For You in Today’s Market?

Real estate agents don’t get enough credit for the work they put into their clients. There is a lot of potential liability in the real estate career, and true success takes sustained hard work. Many try, and few survive. A good Realtor should become your trusted advisor. By understanding and appreciating what the Realtor does for you as the client, you can guarantee a wonderful working relationship with your Realtor and ensure total success throughout your home buying process.

Always, when I say „real estate agent“ I want you to think Realtor, and to consider only a Realtor to represent you in your home purchase. „Realtor“ is a professional designation for a real estate agent who has made a public commitment to a high level of accountability and professionalism. A real estate agent merely signs a license; a Realtor adheres to a code of ethics.

With a Realtor, you can expect someone who has invested time, money, and energy into the real estate profession, as opposed to someone who paid a couple hundred dollars, took some classes and passed a test. Yes, a license allows one to practice in real estate in the state of issuance, but it says nothing of the agent’s reputation. Most first-time homebuyers don’t even know to ask, „Are you a Realtor?“ or even better, to check out the agent’s business card to verify their title. A Realtor can also take additional education to gain special designations, further proof of effort towards professionalism and competence. Usually, the more designations the better: few would spend the time and money on these designations without a passion for this business and the clients they serve.

Finding the right Realtor is hardly an exact science, but a little research can go a long way. In so many cases, the best agents are not the ones you see and hear about; on the contrary, the best agents are the ones who are so good at their trade and profession they don’t need to spend money on advertising. These are the agents who work primarily by referral or word of mouth and have qualified people coming to them every day. This phenomenon only happens to great agents who know their trade and have built their business over enough years for new clients to seek them out.

Referrals Rule

Many buyers start by looking at agents they have heard of. This could be the local Century 21 branch next to the coffee shop down the street, or it could be that nice old lady who walks down the block every Thursday with her funky flyers. That old lady agent is desperately hoping that her hard work pays off and that after years of delivering her funky flyer to you, one day you will pick up the phone and call her. Similarly, the local Century 21 branch is hoping that next time you get coffee, you will walk in and become their next lead (and potential client). After all, they pay good money for the visibility that has been building their brand awareness every time you passed by and saw their sign over the years.

These are some of the many examples of how agents try to get your business, but you should not concern yourself with them. You should actively seek out a Realtor. Essentially, the best agents are typically the ones who don’t need to spend time cold-calling or door-knocking to get their business. Business comes to them via referrals from past clients who are satisfied with their professionalism, honesty, and results. Take the initiative and give yourself the best opportunity to win: choose your agent carefully.

Let’s take a moment to clarify this issue about star agents and how they go about their business. Great agents did not get that way by sitting around waiting for business to come to them. Rather, their success is the result of years of hard work building their businesses and spheres of influence in order to get to the position where they no longer need heavy marketing. Please don’t mistake an agent’s aggressiveness for a bad thing. A proactive agent is a very good sign! He or she is just trying to see where you are in terms of the buying process. An agent needs to know whether you are looking to move next month, or are looking to start looking next month – there is a huge difference! Sometimes agents who don’t need to advertise do so anyway in order to maintain an identity in the community. Just as choosing the best agent is not an exact science, neither is the way that great agents market and advertise themselves.

Knowing what I know, if I wanted to find the best real estate agent for my first-time purchase, I would follow two basic plans: I would ask several people I knew and trusted for Realtor recommendations, and I would scan the online community consumer blogs for highly recommended Realtors.

As I mentioned before, the best agents are the ones who get consistent referrals. You should be one of those referrals! You should ask everybody you trust about his or her most recent experience in real estate. Preferably, you want to ask people who bought their homes within the past year or so, though a referral to an agent someone has worked with multiple times is a good sign. Always keep an open disposition for what people are telling you. In general, we humans have an innate need to share good experiences, so you should take any recommendations with open arms and then qualify them with questions about the experience. Whenever I get a referral from a past client or good friend, I am excited! I am already going to have a more solid connection to the referral, and there is a good chance the new client and I will mesh in terms of personality.

I will ALWAYS treat clients referred to me by people I know at a higher level than online „leads“ or other unknowns. Without question, the level of commitment on the part of the buyer is so much more significant when it’s a referral from a good source. I don’t like admitting that my initial treatment of an Internet lead compared to a referral is different, but in practice it most certainly is! I can depend on a referral; I cannot depend on an online lead. For this reason I give priority to my referrals, and reserve the best service for them. Ask around, get referrals, check out the agents‘ websites, pick out your favorites, and schedule a time to meet.

Before you meet a potential agent, write down your most pressing questions. This will really help with your interview. It may be necessary to let the agent know you are interviewing a few other agents. This will keep them on their best behavior and you will see the best that they can offer. Usually I dislike it when I am referred a client who is „shopping“ other agents, but here’s the bottom line: If I were in your position, I would want to shop around until I meet the Realtor who is going to represent me in the most important buying decision in my entire life. It is a good idea to shop around, even if it hurts the agent’s feelings. The one you choose will probably forgive you.

In some cases, you may feel so strongly about a particular agent that you don’t find it necessary to interview other agents. There is nothing wrong with this, so long as you feel very certain about it. It’s typical to see that with a highly referred agent only one appointment is needed to see that they truly are the best fit for you. You’ll probably be sold on them after that initial consultation. After all, there is a reason they are that good in the first place.

The WOW Agent

Test-drive your potential agent during the interview! You’re hiring your agent primarily for their real estate expertise. Their most important assets are their local knowledge (of the market, prices and inventory), their ability to negotiate and handle contractual issues, their ability to manage emotions and surprises, and their ability to connect with you as a person and help usher you at your pace through the transaction. How do you know your Realtor’s skills before you begin? Ask questions! Your agent should leave you saying „WOW!“ and feeling excited about the process ahead. Keep an eye out for that „WOW“ agent. You will know when you find him or her, and you will be happy you did!

I cannot tell you how many times people have come to me looking for help after they have been working with a non-„WOW“ agent. Sometimes the agent’s problem is a lack of knowledge, sometimes it’s a lack of communication, sometimes it’s an unforgivable mistake, but no matter what, if you have found yourself with an agent you thought was a „WOW“ agent, and you turned out to be wrong, it’s OK to move on. My only suggestion is that as soon as you realize that your agent is not a „WOW“ agent, you must cut ties with that agent as soon as possible! I say this because a lot of people are generally so afraid of confrontation that they negatively affect themselves in the process by not severing the relationship with the non-„WOW“ agent. Do yourself a favor. Be bold. This will help you get what you want quicker, and it will be a wake-up call of sorts to the agent.

The bottom line is simple: go with a pro. Go with someone who knows the trade, and who is aggressive and tenacious (in a good way). Go with someone who knows how to talk and negotiate. Go with someone who has it together. Go with someone you connect with on a personal level – this will help you to build trust with your agent, and trust is the most important aspect of the agent-client relationship. Once trust and respect are established, the rest will fall into place. Just make sure you have the agent who will get you what you want!

It is important to remember that no matter how you choose your agent, being a good client will pay off in the end. Being demanding or demeaning to your agent will get you nowhere. Go in with the intention of keeping your agent as a trusted advisor for anything real estate-related from that point on. A long-term relationship is better for both parties, and no agent will tolerate an extremely needy or demanding or rude client for long!

Recently, I’ve been planning a wedding. I made a point of asking all our vendors what an „ideal client“ is for them, and how we can work best with them in their service for our wedding. This would give me the idea of how to make our relationship and the task at hand as enjoyable and successful as possible. Similarly, when I work with clients who have this kind of commitment to the client/agent relationship, there is no end to what I would do for them to ensure that their experience is second to none.

Bonus: The Top Ten Traits of a Successful Client

A recent client of mine named Amanda embodies this mentality. Her purchase price was low, which meant I wouldn’t get much of a commission. The job entailed many hours of work, several offers, a long short-sale escrow and a couple of delays. All this was of no concern to me because of the type of client Amanda was. The time and effort involved didn’t matter, because she was top-notch. I wish all my clients were like her. In fact, I have said during the course of transactions with several clients that I wished all my clients were like the one at hand. Whenever I say this, I am saying that this particular client exhibits the following qualities, and no matter the challenge at hand, I am there without question to make sure everything goes right.

1. Be reasonable! Don’t get too emotional, ever. When clients get overly emotional, agents get impatient. This is a grown-up world and you need to act like an adult. I will hold your hand throughout the transaction, but irrational clients never get the best treatment.

2. Be responsive! Unanswered phone calls and ignored emails are never a good sign. This is a warning flag for an agent, signaling that you may not be as motivated as you say you are.

3. Be punctual! If I am on time, you must be on time, too. This is a simple thing, but it’s surprising how many people are late to everything. This is a slap in the face and you lose points in my book if you are late to confirmed appointments. If you flake on an appointment, start looking for some other agent; I probably won’t work with you any further after a stunt like that.

4. Be flexible! Sometimes your wants don’t quite line up with your budget, and you need to be OK with that! An irrational client is the last thing I want, a big waste of time. Really, it means that the client doesn’t know what they truly want, or that what is affordable for them (what the buyer can actually buy) will not work.

5. Be honest and upfront! The more honest and open you are, the better I can serve you. Sometimes I go weeks with a client, only to find out about a preference, financial condition, or special need that has not been addressed. This can seriously affect the client’s ability to find something that will work. Open yourself to your agent, and your agent will be better equipped to find you what you are looking for!

6. Be grateful! Show some love for your Realtor. Show that you appreciate all the time and hard work put in for your benefit. A grateful client is easier to work with and gets more appreciation than a demanding client.

7. Be respectful! This is a business, and you are dealing with a professional. Treat your agent like you would want to be treated yourself. When I am treated without respect, I have no problem moving on, letting go of a potential client. Sometimes clients seem to feel a need to act condescending or big or strong to establish control over the situation. This behavior is not conducive to a mutually healthy and beneficial business relationship.

8. Be trustworthy! I want to trust you and you should want to trust me. When both the client and the agent have a relationship built on trust, nothing can stop them. It’s only when I have clients who question me as to my skill or ability that the relationship becomes distant.

9. Be prepared! Be ready to move fast! I know you are a busy person, but buying a home takes focus and commitment. I don’t care if you had a busy week; we have a lot of documents to go over in a short time, and I shouldn’t have to feel bad asking you to go over things you should be going over through the course of the escrow. I am bringing to your attention items and issues that will directly affect your purchase and the home you end up with. I cannot want the home more than you do, and if you aren’t prepared and committed, it makes everything more difficult and stressful for me and for you.

10. BE COMMITTED! Being committed means that your heart and mind are in harmony with respect to the goal at hand. I have found that this is the number-one trait for all the buyers in my most successful and seamless transactions. When a buyer is committed, no matter the hurdle that may arise in escrow, the buyer will overcome. When the buyer is committed, the entire process is less stressful. When the buyer is committed, success is in the cards!

Bonus: Google Your Agent!

Today’s online community offers an exceptional ability for any consumer to check in on the history of their service provider’s reputation and work ethic:,, and are a few stellar examples of websites geared to service providers for a specific geographic location. As time goes on, more and more of us will become connected, and this type of virtual „feedback“ will become more and more pervasive.

Real estate aside, you can and should be doing this for any service provider, from your babysitter to your auto mechanic. That said, at least a nominal amount on online research should be called for to find any specific warning flags regarding the agent(s) you are considering working with. Check the agent’s website and see if there are written testimonials on the site, and if these testimonials match up with what you find online. Keep in mind that there are some people who just love to file complaints, even for good service, and this can tarnish your expectations of the person you are considering working with. Please know that the online community cannot be fully regulated for accuracy, but it is typically more helpful and accurate as opposed to being burdensome and untruthful. There is no doubt that this kind of research will become more common because it is user-generated and tends to offer a comparatively unbiased opinion of a given service provider.

Choosing the right agent won’t necessarily make or break your deal, but it can mean the difference between a satisfying deal and an unfulfilling one, a good deal and a not-so-good deal, a one-time transaction and a trusted advisor for life. Put simply, choosing the best agent gives you the best opportunity to realize massive success for your first home purchase. Choose wisely!

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Michael Justin Wolf

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