Your friends are buying a house. You've probably heard them routinely complain how their real estate agent doesn't do enough for them. But if they understood how to signal their agent, it would be easy to to benefit from her expertise. Here are 12 signals to send a real estate agent. Discover 12 ways to signal your real estate agent for the best results prior to buying a house. You've probably heard home buyers routinely complain how their agent didn't do enough while they were buying a house. In truth, most buyers don't know what to look for from a real estate professional in order to receive the best results. With proper homework while shopping for a Realtor, you can be assured you've located someone who will watch out for your best interests. She is there to help you make better home buying decisions. So here are some ways your real estate agent can help in the decision buying process and questions you can ask to signal when you want her assistance. 1- A case in point, once you have toured several properties, ask your Realtor to help you rank your choices.
An experienced agent can guide you to clarify your prospects and narrow down the field. 2- Additionally your Realtor can assist you regarding finances. Buying a house usually requires financing. Since agents work with lenders on a daily basis, they can be your shortcut to finding dependable home loan representatives. They know the ones with a successful track history of closing loans without fire drills. Based on your particular needs, request at least two referrals of mortgage bankers. 3- Accordingly use your agent to discuss your concerns. When it is time to make decisions it is often good to have an objective opinion. Your agent can assist you in buying a house by pointing out trade-offs and how to set priorities. 4- From the start explain what your housing desires are so your agent can easily point out neighborhoods, communities, and developments that seem right for you. Good real estate agents are out visiting properties to stay current. So be sure and indicate that you welcome input.
5- Everybody understands buying a house is an emotional decision but it is important to know the facts too. Your agent has access to recent comparable sales, how long property has been on the market, and details regarding the area. It would be a shame not to take advantage of her expertise. 6- Along these same lines, if you work with an agent closely she can alert you to property that just came on the market or perhaps is about to be listed. Leave no question in the mind of your Realtor that you intend to work only with her. Your loyalty will be rewarded. 7- Real estate professionals are also well versed in Seller Disclosure Statements and can help you wade through this detailed disclosure provided by sellers. This form is designed to reveal any defects regarding the desirability of the home and neighborhood. Your agent sees these disclosures routinely so be sure to request assistance. 8- Because real estate agents see so many houses they can also be sources of advice regarding redecorating, renovating, or remodeling a particular home.
We all have a tendency to spend money on upgrades that might provide little or no return. Look at the property through the eyes of your Realtor to plan for value added improvements to the home. 9- The best agents are adept at following the process of buying a house from your first meeting to the final close. You should expect your transaction to be followed from beginning to end. 10- From the initial process of buying a house to signing final documents, you will have many experiences. Your real estate agent is comfortable with the roles of the seller's agent, lender, appraiser, escrow officer and homeowner insurance agent. Realtors are trained and equipped to work through each step of this process. 11- In my opinion, here is what makes your agent worth her weight in gold. Because of seeing hundreds of real estate transactions a year, she is better able to anticipate problems ahead of time. Diligent agents know how to trouble shoot issues before they get out control. This is probably the most important service your agent can provide and the least obvious. So be thankful for a successful close to the transaction. It's outstanding proof of your agent's performance. 12- Finally be sure and ask your real estate agent from the start to keep you fully informed concerning the state of your purchase. This is second nature for most Realtors. But it is okay to signal that you want to be kept in the loop at all times. If you know what to expect from your real estate agent it should be easy to send the right signals and benefit from her expertise while buying a house.
Con- There are higher costs to carry the property when it isn't rented, and it may require more expenditure between renters to update the property. The renters will be pickier about amenities, fixtures and finishes. Over $1m- Pro- The rental rate to cost is usually higher because of the rarity for SFRs. Most of these properties will be commercial, which usually have longer leases and often don't require the landlord to make the improvements of maintain the property. Con- For the SFR market, this is a rare rental. There certainly are some out there doing well, but they will be shorter term (usually) and require more and more expensive marketing to fill. For commercial properties here in Atlanta, one needs to be very careful because there is a LOT of available commercial space. As with the flipping article, I have an Excel spreadsheet to examine the deal more closely. It isn't fancy, but it does help keep all of the important points front and center so that the details don't get in the way of the big picture.