Whether you are looking at buying or selling a property, it is always advisable to work with a very good realtor. Although most of us know at least one person who works as a realtor, don’t be tempted to automatically go to them as they may not be the best to represent your needs. Let’s take a look at two important things to ask in order to find out which realtor is best for you.
Firstly, you should find out how experienced your realtor is. Usually, those with the most experience are also the best ones. The best ones are the ones who started working before the economic crisis and are still going strong. Next, make sure that the experience they have is relevant to your own needs. For instance, the needs of a first time buyer are very different from the needs of a national property developer. You also need to know that your realtor understands your demographic and geographical requirements. For instance, if you were to purchase a farm, you need to work with a realtor that is very different from one that only works with apartments in major cities, as your requirements will be very different. Similarly, if you were hoping to purchase a listed or historic property, you will need someone that understands the laws and regulations surrounding those properties.
If you want to buy a property, do not work with the realtor whom the seller has employed. This is because if you reveal any information that you could use in negotiations, the realtor would be obliged by law to pass that on to the seller as well. The same is true if you are looking at selling. You should work with someone that represents just you. Firstly, ask your friends and others whether they can refer you to a realtor. You can also contact the NAR (National Association of Realtors) in order to find a professional for you. The greatest benefit of working with a NAR agent is that you know they are both professional and ethical. You should always try to contact different realtors before choosing one. Make sure they have a great understanding of your needs, so they an start making suggestions too. This will give you a general idea of just how familiar the agent is with prices and neighborhoods, for instance. If you want to sell your home, find out how the realtor has done in the past. Do they usually sell under, on or over the original asking price?
In most cases, if you want to sell your property, your agent will require you to sign an exclusivity agreement. This is a common procedure but it does not mean you lose any rights. For example, if you realtor does not represent you properly, you can always terminate the contract. All it means is that you are only able to work with a single agent at the same time. If you want to buy a property, on the other hand, you don’t have to sign such a contract. However, there are now more and more realtors who do request it. Last but not least, you need to understand the way realtors earn their living. There are a number of constructions realtors can use. Most commonly, they work on commission although there are also some that charge a flat fee. Before you agree to work with a realtor, therefore, you must understand which one of the two constructions they work with.
Continue reading: When Selling Your House Find A Realtor
When it comes to buying or selling a property, you should always work together with a good realtor. You may have a friend or relative who works in real estate, but before you automatically turn to them, you will need to think whether they truly are the best for you. Let’s take a look at two important things to ask in order to find out which realtor is best for you.
Your realtor’s experience is one of the most important things to look into. Usually, realtors with more experience are also better at their job. If you can, try to find a realtor who has worked all the way through the economic crisis and still works now. You do have to ensure they have experience that is relevant to your personal needs. For instance, the needs of a first time buyer are very different from the needs of a national property developer. Secondly, you need to find out how your realtor can help you in terms of your demographic and geographical needs. For instance, if you want to purchase a farm, you need someone who has the right contacts to look into the condition of the land, previous production methods and the homestead itself. Should you be interested in purchasing a property that is historic or listed, for instance, you will need the services of someone very different.
If you want to buy a property, do not work with the realtor whom the seller has employed. By law, the realtor will have to pass on any information you give to the seller as well. If you hope to sell your property, you also shouldn’t work with the realtor representing the opposing side. You should be looking for a realtor that only represents your needs. Firstly, ask your friends and others whether they can refer you to a realtor. You can also contact the NAR (National Association of Realtors) in order to find a professional for you. The greatest benefit of working with a NAR agent is that you know they are both professional and ethical. Always make sure you contact a range of different realtors before making your decision. Explain your needs and ask what they suggest. This will give you a general idea of just how familiar the agent is with prices and neighborhoods, for instance. As a potential seller, looking into the track record of the realtor. Do they usually sell under, on or over the original asking price?
In most cases, if you want to sell your property, your agent will require you to sign an exclusivity agreement. This is completely normal, but it doesn’t mean you don’t have rights. If, for example, you feel you are being poorly represented, you are allowed to terminate the contract. All the contract really prohibits is for you to work with more than one agent at the same time. As a buyer, you do not have to sing such an agreement. However, there are now more and more realtors who do request it. The final thing you must look into is how your realtor earns their living. Different realtors do this in different ways. In most cases, you will find that a realtor is paid a commission on the final sale price of the property, but some work on flat fees. It is vital that you know which one of the two constructions your potential realtor uses before you decide to sign your contract with them.
Continue reading: Helping You Find The Best Realtor For Your Needs
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When someone tries to sell their home, they do not always tell the whole truth. Although a professional inspector would pick up on any problem, it is expensive to hire one for each viewing. So, here are some red flags that you can look out for that could tell you to avoid the property.
First and foremost, check the neighborhood. This is of absolute vital importance. The community is either growing and decline and you need to find out which one it is. If there are many foreclosed homes and businesses, the community is going through tough times. Make sure you visit the area on two different occasions. In doing so, you will also become aware of traffic. Make sure you come during an evening once as well, so you can find out whether there is any noise pollution or traffic problems when it is supposed to be quiet. Contact the police as well and ask them for crime statistics on the local area.
Secondly, you need to know whether the property you are buying is a regular sale, a short sale or a foreclosure sale. Although it is true that these are the cheapest properties, they are also often in poor condition and in bad neighborhoods.
The reality is that you are the only one who can decide whether or not to buy a property. Also, homes with problems are often available at much cheaper prices. On the other hand, if you then have to pay even more money to fix it up, or if you can never sell it again, then it was a waste of money. Homes, whether purchased as an investment or not, are places for people to live in, which means they have to be inhabitable. Although it is certainly true that you should look into the condition of the actual property, focusing on the neighborhood is equally important. All you really have to do in order to find out whether the property itself is any good is hire a property inspector. This is different than a neighborhood inspection, which really requires a personal opinion and feel, something that only you can do and decide upon.Continue reading: Top Things To Be Careful About Prior To Home Purchasing
Buying a house is supposed to be a fun and exciting time. The problem, however, is that because we want to buy a home so badly, we sometimes don’t see the flaws the property has. Yes, some properties seem to just call to us, but if they have certain issues, you should still walk away. Let’s take a look at a few of these red flags.
Firstly, always look at the neighborhood. Does it look like everybody is leaving? Make sure that you speak to some of the residents and ask about what the community is like. Also check out the land. If you notice that the yard is on a downwards slope towards the property, the foundations could be affected by rain water. If you notice any bad smells, there is generally something amiss. Also look for bugs and insects. Make sure you speak to others in the street about this, as they are likely to know about pests.
There are also a number of things that can cause a lot of damage to a property that are almost irreparable. A few of the things you need to look for are signs of water damage, pest damage, asbestos, mold and faulty wiring. Sadly, in order to see these problems, you may require quite specialized skills yourself. The current owners may not even know that the problem is there. In the cases where they do know that these issues are present, they may take steps to hide them. By simply ensuring the property is very clean and no sockets are used unnecessarily, you are not able to see the problems are there. In order to find out whether these issues are present, you will need a professional home inspection; but you can also speak to community members. They will quickly tell you whether any of these problems have occurred in the area in the past. Usually, problems like pests, water damage and mold don’t occur in just one home.
Basically, you should not purchase a property that has not gone through a professional inspection. However, the hints and tips above should tell you whether or not it is worth investing in an inspection at all. If any problems are present, you can choose to walk away from the property, or you can request a huge discount on the purchase price so you can arrange the necessary repairs. Make sure you take home inspectors’ opinion on board too. Their goal is to make sure you get a good deal on a property.Continue reading: Red Flags To Look Out For When Buying A Home