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A Real Estate Agent...
- Has the most information in one place about
what is on the market.
- Has access to homes listed by other real
estate professionals.
- Can help you choose a home that fits your
needs - features, size, location, etc.
- Can provide information regarding local taxes,
utility costs, schools, churches, shopping,
transportation, etc.
- Selects and researches qualified properties.
- Explains basic real estate principles.
- Helps you understand the financing options
available to you.
- Helps you determine how much you can afford to
pay for a home.
- Acts as liaison between you and the seller to
present offers and counter-offers until an
agreement is reached.
- Provides an objective view with no emotional
ties.
- Follows up throughout the transaction.
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A Real Estate Agent...
- Can give you the quickest exposure to the
maximum number of buyers.
- Can "qualify" potential buyers to
determine whether your home fits their needs and
if they can afford it.
- Helps coordinate inspections.
- Assists in writing an offer.
- Helps you price your home right.
- Explains the closing process and financing
options.
- Knows how to effectively market your home.
- Will handle marketing your home through
various methods (i.e. advertising, open houses).
- Is knowledgeable about current market
conditions and requirements.
- Shows your home to potential buyers, handling
incoming phone calls and showing appointments.
- Explains basic real estate principles - agency
relationships, contracts, etc.
- Offers objective views without emotional ties.
- Handles negotiating the contract - presents
offers and counter-offers.
- Follows up throughout the transaction.
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Does The Agent...
- Listen to your needs?
- Provide multiple phone numbers so they can be
easily reached?
- Return phone calls promptly?
- Explain information and processes so you
understand?
- Do business frequently in your neighborhood?
- Seem conversant about local market conditions?
- Seem knowledgeable?
- Have access to the Multiple Listing Service?
- Have a detailed written marketing plan (if you
are a seller)?
- Have references? Ask the references the
following questions... a) Did the agent keep in
touch? b) Was the agent prompt? c) How long it
took to sell your property or to buy your
property? d) Was the agent well prepared and
knowledgeable? e) Did the transaction go
smoothly? f) Would you hire the agent again?
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Following is a list of people who may need to be
involved in your transaction. A Real Estate Agent
will help contact these people and follow up to
ensure the transaction goes smoothly.
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Buyers
- Appraiser
- Legal Assistance
- Contractor (for repairs & work
orders)
- Mortgage Company
- Credit Bureau
- Loan Officer
- Lending Underwriter
- Loan Processor
- Title Company Representative
- Title Processor
- Notary
- Current Mortgage Holder
- Courier (fax station)
- Moving Company
- Referral Network
- Utility Company Representative
- Surveyor
- Pest Inspector
- State Tax Bureau
- Septic/Sewer Health Inspection
- Structural Engineer
- County Auditor
- Limited Practices Officer (LPO)
- Escrow Agent
- Negotiator
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Sellers
- Advertising Agency (newspaper, flyers
- Office Supply (for rooms)
- Appraiser
- Legal Assistance
- Contractor (for repairs & work
orders)
- Buyer's Mortgage Company
- Buyer's Loan Officer
- Lending Underwriter
- Loan Processor
- Title Company Representative
- Title Processor
- Notary
- Current Mortgage Holder
- Courier (fax station)
- Moving Company
- Referral Network
- Utility Company Representative
- Surveyor
- Pest Inspector
- State Tax Bureau
- Septic/Sewer Health Inspection
- Structural Engineer
- County Auditor
- Limited Practices Officer (LPO)
- Escrow Agent
- Negotiator
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