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Buying a House Category

Real Estate :

Real estate agent for buying a house, dealing with one, some things to consider.

Guide:

When you are in the market to buy your first or next house, you might consider using a real estate agent.  Having said this, some of the aspects of finding and dealing with a real estate agent that you should keep in mind are the following:

  • Finding a real estate agent.  Real estate agents can be found in your local phone book, but go off of more than just an advertisement.  Seek the recommendations of family and friends of agents they had used previously.  Contact your state regulatory agency that is charged with disciplining real estate agents to see if your prospective real estate agent has ever received a complaint.  Check to see if your prospective agent incorporates the use of technology, particularly the Internet, in the search of new houses that you might be interested in; the National Association of Realtors has found that, as of 2003, about every 3 out of 4 house buyers utilized the Internet to find a new house.  Lastly, when you narrow down the list of prospective agents, ask for resumes from such select-few agents, and immediately disqualify those that are only part-time agents; you'll want an agent who is not only experienced, but also one who works in the real estate market for a living, being capable of devoting their full effort in your housing endeavor.  Never retain an agent from the same office of the real estate agent representing the seller, if applicable, for the sake of avoiding a conflict of interest.

  • Defining your real estate agent's function.  Consider the primary function(s) of your agent:  Will this agent primarily be scouting for new houses on your behalf that meet your expressed set criteria, or will this agent be involved in the whole process, from finding a house to closing the deal on your behalf? Also, depending on the type of agent you have, they may have assistants or not.  In the event that they have assistants, make sure you get an agreement that the agent is personally involved in the real estate transaction process, itself, and not necessarily delegated to one of the assistants.

  • Working with your real estate agent.  For safety reasons, your agent may first want

     

    to meet with you at their office; there, you'll get acquainted and asked for standard identification to start an agent-home buyer business relationship.  During the course of this business relationship, some real estate language/jargon will be thrown your way, at which time you shouldn't be afraid to ask for their meaning and any additional clarifications.  Also, be patient with your agent, as the agent may not get to your phone call or e-mail right away, since they may be doing other necessary acts of business (such as tending to the matters of other clients that have been previously put off to get you going on your house search, previewing new houses on the market, preparing necessary contracts and other documentation for other clients of outstanding housing matters, etc.).  Having said this, you may not always be able to have your agent go with you to an open house to view a house of interest that is for sale; if you find yourself going to an open house on your own--going on your own of which should be a rare occurrence--even though you have an agent, be careful not to sign any documents other than a guest sign-in sheet that solely indicates your having viewed the house opened to the public for show.

The above are just some of the major aspects of finding and dealing with a real estate agent that you should consider.

Ed the Handyman

            &

Your Handyman Zone Team

 

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