Real Estate Overview :
Your house is your biggest assest. There are many questions to ask. Here are some helpful ideas and answers that will point you in the right direction. Whether you are buying or selling your primary residence, a second home, or relocating to a new neighborhood, the RB Real Estate Agency can help make your homeownership dreams come true.
Buying A Home
When buying a home—whether it's your first, second, or a getaway vacation home—you're bound to have many questions.Selecting a real estate sales professional is one of the most important decisions you will make during the process.There are some very important things you should consider when choosing a real estate professional. One of the first considerations is who the agent represents during the process.
Three Types of Real Estate Agencies It is important that you know the differences between a professional who represents a seller, a professional who represents a buyer, and one who represents both. Real estate professionals are obliged to disclose, in writing, information on the various types of real estate agency relationships that exist. You should assume the real estate professional is working for the seller unless otherwise stated. Seller's Agent - A real estate professional becomes a Seller's Agent by entering into a listing agreement to represent the seller's interests. Sellerrepresentation may also be created when a real estate professional shows a property on the Multiple Listing Service and "buyer agency" has not been created. The Seller's Agent can provide information to assist the buyer, but they must place the interests of the seller first. A buyer should not disclose anything to the Seller's Agent they do not want the seller to know.
Buyer's Agent - A real estate professional becomes the Buyer's Agent by entering into an agreement to represent the buyer. A Buyer's Agent can assist the seller, but does not represent the seller. The Buyer's Agent must place the interests of the buyer first. A seller should not tell the Buyer's Agent anything they would not want the buyer to know, because the Buyer's Agent must disclose any pertinent information to the buyer.
Dual Agent - Dual agency occurs when a real estate professional represents both the seller and the buyer. It can also occur when the Listing or Seller's Agent works for the same real estate firm as the Buyer's Agent. In most states, the buyer, the seller, and the Agent must agree in writing for the creation of dual agency. The Dual Agent is required to treat the buyer and seller honestly and impartially. In dual agency, the professional's duties are more limited and there is potential for conflict of interest.
Know your Real Estate Sales Professionals Real Estate professional you select to sell your home should know, Working with Real Estate Agent brochure.Pricing your home. Increasing your home's value. Marketing strengths.Negotiating the sale - The seller's agent should review every offer with you and help you evaluate all aspects of each offer and its financial implications. An overview of the standard Contract For Sale along with addendums and give a copy for your review.
If you are buying a home, the real estate professionals should cover the following: Working with Real Estate Agent brochure.Many real estate professionals who primarily represent buyers have been specially trained to do so and have received the Accredited Buyer Representative (ABR) designation. How much home you can afford. The difference between being "pre-qualified" for a mortgage and being "pre-approved" for a mortgage.
Key features you "must have" in your new home vs. those you would like to have. How to evaluate and compare the homes you see.An overview of the standard Contract For Sale along with addendums and give a copy for review. The types of inspections you will want to have done on the property you select.
Preparing Your Home For Showing
Remember, first impression is the best impression. There are no guarantees that a buyer will simply walk through the front door. In many cases you may have to bring your home to the buyer. Think like a buyer when preparing your home for our active real estate market. A small investment of time and money will give your home an edge over other listings in the area when the time comes to show it to a prospective buyer. Here are some suggestions that will help you get top market value.