Why would an informed buyer looking for a new home not select a professional real estate agent and have a loyalty agreement or buyer broker as it is known? It is akin to having to go to court and waiting until you are outside the courthouse to seek legal counsel! We have had many potential buyers call us lately to inquire about homes they are interested in from viewing our websites. There is a process we generally follow to qualify buyers during our initial conversation that tells us if they have been prequalified for a loan, which only benefits them by letting them know what their price point is. It is not prudent for anyone to look at homes that they cannot buy. Another question we ask we ask people is if they are working with a realtor.
Both of these questions are important for a professional real estate agent and even more important for the buyers themselves. As stated previously, you want to know what you qualify for on a loan and make sure your credit is intact plus you want to bind an agent to certain fiduciary responsibilities that do not exist without an agreement.
There seems to be a school of thought with prospective buyers that Real Estate agents do not bring much value. They could not be further from the truth. When someone contacts us and tells us they have several people looking for houses for them and whoever brings them the deal they are interested in wins, we politely back away. If you have ever heard the old adage, you get what you give; it applies in all areas of our lives. When you expect someone to be committed to your cause without any commitment from you, the end result is usually less than satisfactory on your behalf. When the commitment level is reciprocal, you will have a high caliber relationship which will result in high caliber results.
What does a true professional provide in the realm of Real Estate? I can assure you it is not just about opening doors! In this day and age, you can view most of the homes you are going to want to see right on line with a good website. An agent provides valuable service from beginning of the home search process to the closing table and here some things you should know:
When you have a signed agreement with an agent, it becomes their duty to provide you with these things.
Loyalty: a reciprocal loyalty that encompasses their assistance throughout your entire real estate transaction.
Obedience: To abide by your requests within the limits of the law.
Disclosure: In regard to anything that could impede your progress or change your mind, including comparable pricing in the neighborhood and obtaining seller disclosures on the condition on a home.
Confidentiality: To protect your interests by not confiding personal information regarding your desires and status.
Accountings: To provide Loan Status reports and proof of funds on your behalf, to evaluate fees and costs, and submit offers that will be capable of closing escrow.
In conclusion, my advice to buyers is to interview agents and make an educated decision by hiring the most knowledgeable agent you can find that you will actually enjoy working with!
Judi Boad begin_of_the_skype_highlighting end_of_the_skype_highlighting lives in Scottsdale and is part of ACCURATE REALTY GROUP. http://www.accuraterealtygroup.com/74913-Scottsdale-AZ-RESCity.aspx Get more info on Scottsdale communities by going to: ACCURATE REALTY GROUP Article Source: http://EzineArticles.com/?expert=Judi_Boad |
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Jim Boad
ACCURATE REALTY GROUP
KELLER WILLIAMS REALTY
Mobile: 480 232-0846
Fax: 877 305-1976
"guiding you in the right direction"
Scottsdale Arizona
Seattle Washington
San Diego California
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