Why Use a REALTOR When Buying a Home?

Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "®" trademark on their business cards and other marketing and sales literature.

REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge. An independent survey reported that 84% of home buyers would use the same REALTOR® again.

Real estate transactions involve one of the greatest personal & # 39; s lifetime. Transactions today usually exceed $ 250,000. If you have a $ 250,000 income tax problem, would you like to try and deal with it without the help of a certified professional accountant? If you had a $ 250,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be worthwhile to work with a professional REALTOR® when you are buying a home.

If you're not convinced of the value of a REALTOR®, here are more reasons to use one:

1. Your REALTOR® can help you determine your buying 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 your best qualified to help you. Most lenders – banks and mortgage companies – offer limited choices.

2. Your REALTOR® has many resources to assist you in your home search. Sometimes the property is advertised in the market, and it will take some investigation.

3. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you'll want to know: First, do you want the property I want for a home or investment? Second, will the property have resale value when I am ready to sell?

4. Your REALTOR® can help you with negotiations and inspections. There are many negotiating factors, including but not limited to financing, terms and conditions, and often the inclusion or exclusion of repairs and furnishings or appliances. The purchase agreement should be completed before the purchase of the property. Your agent can advise you as to which inspections and inspections are recommended or required.

5. Your REALTOR® provides due diligence during the property evaluation. Depending on the area and property, this could include inspections for termites, dry red, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you with written reports.

So you want to see a preliminary report on the property title. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties wants to have some limitations; for example, easements (access rights) for utilities. Your REALTOR®, title search company or attorney can help you resolve issues.

6. Your REALTOR® can help you understand different financing options and identify qualified lenders.

7. Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Joel Combs

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