Top Producers
Representation
Market Knowledge
Negotiations
Decisions Making
Find a REALTOR
Buyer Agency
Our REALTORs
Questions to ask
Getting Qualified
Determine the price
Types of loans
Loan application
Finding a home
Your needs
Your desires
The price range
Finding listings
Looking at property
The buying process
The right home
Making an offer
The right price
Earnest money
Closing process
Finalizing the sale
Making the move
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Here you will find information on selecting the
right REALTOR® for the job of representing you. A good REALTOR® can save
you time and money, as well as help your transaction go as smoothly as
possible. Find
A REALTOR®
Finding a REALTOR®: There
are several ways to go about finding a good real estate agent. These are a
few things to keep in mind while making a decision:
- All licensed agents are not REALTORS®. REALTORS® are
members of the NATIONAL ASSOCIATION OF REALTORS, the world’s largest
professional association. The term REALTOR® is a registered
collective membership mark that identifies a real estate professional
who is a member of the NATIONAL ASSOCIATION OF REALTORS and are
pledged to a strict Code of Ethics and Standards of Practice.
- Select a productive agent. An active agent
will be aware of the trends and can help you find the “good deals”
that are put on the market for sale.
- Choose a person you feel comfortable with. You
have to work with someone you can talk to and even respect. If you can’t
talk with your agent, how can you communicate your needs and desires
to them? However, you don’t have to be friends with your agent.
After all, you probably are not friends with your doctor or dentist.
- Interview more than one agent. When making an
investment as important as a home purchase, you should get more than
one opinion. It’s best to meet the agent at your home or at their
office. It’s not possible to properly interview an agent while
viewing a property that’s for sale.
- Insure that the agent you select has time to help
you find the home you are looking for. Some agents, although
highly qualified, may not have time required to find your dream home.
Everyone has limitations. You need to make sure that the agent you
select is not working with too many prospects or has plans to take an
extended vacation or travel while you are trying to purchase your
home.
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Buyer Agency:
Agency- the relationship of trusts that exists between the sellers and
buyers and their agents. The agency is best formed under written contract.
You should hire and agent that can represent you as a “Buyer’s Agent”.
Many agents have received special training to properly represent buyers.
You can go one step further and hire an ABR (Accredited Buyer
Representative). The Accredited Buyer Representative (ABR®) designation
in the benchmark of excellence in buyer representation. This coveted
designation is awarded to real estate agents/brokers by the Real Estate
Buyers Agents Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS®
who have met the specified educational and practical experience criteria.
Some agents have not had any buyer agency training and do not represent
buyers, they represent the seller in the transaction. If you call the
agent that has the property listed, they will usually represent the seller
of the home they have for sell and not have your best interest in mind.
Top Our
Directory: When looking for an agent, there are several options
you have to choose from. One of the most important factors is that
the agent you select is productive. Being productive is a good
indication that the agent is well trained, aware of the market condition,
and works well with people. An active agent is usually aware of
where to find the types of homes you desire and if there are currently any
good deals available.
- To find a top producer in your area please check our directory (click
here). If there is not an agent listed in the area you
need service, we can help you find one. We have access to several relocation services that have
information on the most productive agents and brokers throughout the
United States and many other countries.
- Ask a friend. Personal referrals are usually a good source to
find a REALTOR® to represent you. Even when you receive
a referral, do interview the agent prior to viewing property with
them.
- Previous contacts. You may have been contacted by an agent
that sold a home in your area or you may have meet an agent at a
social function. If you think they may be a good choice, call
them and schedule an interview.
- You can check local phone books, real estate publications, Internet,
etc. It’s not hard to find written information educating you about
available real estate services. Please be aware that REALTORS® are
independent contractors. That means the service you will receive will
come from a person, not an entire company.
Do not hire an agent because of the
companies reputation. It's the agent you're working with, not
necessarily the company. Interview
Questions: Here is a list of questions you may want to ask the
agents that you interview. Feel free to copy these questions and use them
at your interview.
- How long have you been a licensed real estate
agent? The answer should be at least
two years. Real estate has high turn over and many agents don’t
make twelve months, let alone 2 years. Usually the more the merrier,
but remember that recent production doesn’t matter.
- Are you a full or part time agent? Full
time is the preferred answer. You need a full time professional
to represent you.
- Are you a member of the National Association of
REALTORS®? (Are you a
REALTOR®?) The
answer should be yes. REALTORS®
are held to a higher standard of practice.
- How may homes have you sold in the past 12 months?
Hopefully the answer will be 20 or more.
You want a productive agent representing you. The sales do not have to
be actual sales, they can be a combination of listings and sales.
- Have you had any buyer agency training? Yes
is the proper answer. It’s even better when they have obtained their
ABR designation.
- Do you have access to the local Multiple Listing
Service (MLS)? Yes is the only
answer for this one. If the agents does not have access to this
service, it will be very difficult for them to locate you a home or
get information on listings you inform them about.
- How many buyers are you currently working with?
We believe 5 is a good number. If they
are working with too many they may not be able to give you the time
and attention you need. If they are working with less, that’s fine
as long as they are productive.
- Do you have any references? References
are not necessary, but if they are hesitant to let you contact
a past buyer, they may not be confident they are providing a good
service. If they do provide references, they should be recent
customers. Usually buyers that have purchased a home within the last
six months can best account about their experience with that agent.
- Is there anyone that can help me if you are not
available? Yes is the preferred
answer. Some agents have assistants or other agents that can assist
you if they are unavailable.
- Will you personally be showing me property?
This one can go either way. Some very productive agents use a “Buyer's
Agent or Showing Agent” to show their customers property. If this is
the case, you need to know how experienced the showing agent is and
may want to also check their references.
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Final Decision: Once you’ve made up you
mind, make a commitment to work exclusively with that agent. You want your
agent to be dedicated to finding you the right home and helping you make
the right decisions, so let your agent know you will only work with them.
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