The Real Estate Agent’s Role
A real estate agent must represent their client with complete honesty. The listing agent will help the seller determine a fair and equitable sale price for the home, where the buyer’s agent is available to answer any questions, find prospective homes, and provide services that fit each client’s needs.
Here are some of the specific services a real estate agent will assist a homebuyer with:
- Finding grants and loan programs for first time homebuyers
- Helping clients find and buy bank foreclosures
- Contacting sellers on behalf of the homebuyer
- Writing contracts to ensure adequate terms of sale
- And in some cases, helping the buyer acquire the proper financing
The Home Buyer’s Role
The most important job of a prospective homebuyer is to ask questions. Search for homes within your price range and do not try to exceed your means. Research the area and know what you are looking for.
Exercise your own knowledge and protect yourself and your rights. Always make sure to get any verbal statements and agreements put into writing. At all times, you should be aware of the terms of your contracts and any legal agreements.
Important Questions to Ask Your Real Estate Agent
- How long have you been in real estate?
- What is your personal mission statement?
- What is your over-all rank amongst your brokerage?
- Will you be representing both the buyer and the seller in this transaction?
- What will you be expecting from me?
You can even ask your real estate agent for a list of professional references and how many of their customers are referred by past and current clients.
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