Not all real estate agents are the same. Only real estate agents who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. This professional organization, with over one million members, is committed to being sure that its members treat all parties to a real estate transaction fairly and honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate.
Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Involving a professional to guide you through what can be a complicated financial transaction increases the odds that the purchase process will be less stressful with the best possible outcome.
Your REALTOR® can help you determine your buying power – If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can quickly identify the home loan amount and purchase price that will work for you.
Your REALTOR® has many resources to assist you in your home search- Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.
Your REALTOR® can assist you in the selection process by providing objective information about each property- REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you’ll want to know. Will the property provide the environment I want for a home? Second, will the property have adequate resale value when I am ready to sell?
Your REALTOR® can help you negotiate- There are a number of negotiating factors- price, financing terms, date of possession and often the inclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete inspections and investigations of the property before you complete the purchase. Your Realtor can advise you as to which investigations and inspections are recommended or required.
Your REALTOR® provides due diligence during the evaluation of the property- This could include inspections for termites, dry rot, asbestos, radon, faulty structure, roof condition, septic system, water supply, and condition of heating and plumbing systems.
Your REALTOR® can help you in understanding different financing options and in identifying qualified lenders.
Your REALTOR® can guide you through to the closing and make sure it is a fully coordinated process.