Algarve Hot Properties
Monday, July 03, 2006
  Real Estate Guide: Why You Need to Find a Real Estate Agent Before Buying a House?
Buying a home is a major commitment in terms of both time and money. There are many things to consider when purchasing a home, and the services of a Real Estate Agent can be a big help when navigating this somewhat confusing world.

A Real Estate Agent is a professional who is trained in the ins and outs of the real estate industry. He or she will be able to guide you through the entire home selection and home buying process.

A realtor can also help the buyer to understand any disclosures and disclaimers that are being made by the seller. The real estate professional will know what questions to ask to bring out the information the buyer needs. The Realtor will know if there’s a particular issue regarding the property you want and will make sure there are no hidden pitfalls in your new home.

Once you have found the home of your dreams and had it thoroughly inspected, your real estate professional can guide you through the negotiation process and help ensure you get the best possible deal. The realtor will have a good idea of the fair market value of the home, as well as any other offers that may be on the table. You can use this valuable information to make sure you get a good deal. The services of a qualified realtor can prevent you from overpaying while insuring that you get the home you want.

As you can see, the services of a realtor are important throughout the entire home buying process. From the time the decision is made to buy a home to the date of the closing, the services of a realtor can make the entire home buying process easier, more pleasant and more affordable.

What to Look for In a Real Estate Agent?

A good real estate agent can help the home buyer find the perfect home and avoid potential pitfalls. A home is a major purchase, and a major financial commitment such as this demands the services of a professional. While you may think you can do it alone, the services of a good real estate agent can be a huge help any time you are looking for a home or any other type of real estate.

First of all, make sure the real estate agent you chose, works with a fully licensed real estate agency. Such an agency will always be identified by is full legal name and is ‘AMI’ number. This should be easily spotted in every public display made by the agency (its mandatory by law), like “for sale” signs, web pages, newspaper signs, etc.
I totally advice to reject the services of part-time realtors or free lancers, because if anything goes wrong, you’re in trouble, and you’re on your own.

Another very important factor in choosing a real estate agent is his or her experience. It is particularly important that the real estate agent have experience that is relevant to the part of the real estate market you are entering. For instance, if you are searching for investment properties, you will want to use a real estate agent who understands the challenges and opportunities of buying and selling investment properties.

The first time home buyer, or the home buyer moving up to a larger house, will also want to look for years of experience in their real estate agent. Ask probing questions about the number of homes he or she has found for buyers, the number of houses he or she has sold, and the areas in which he or she specializes. All real estate agents are more familiar with some areas than others; you will want to find an agent who is familiar with the area where you are shopping.

A real estate agent who lives in the area in which you are interested may have more insight into the nature and character of the neighbourhood than an agent who lives elsewhere. As you know, location is a paramount consideration with any type of real estate, whether it is your primary residence or an investment property. The outlook of the area, and its prospects for growth, will in large measure determine the future direction of home prices. You naturally want your home to appreciate over time, so paying attention to the area in which you invest is an important consideration.

Of course you will also want to make sure that your real estate agent has the backing of a strong company behind them. The support provided by a major real estate company can be a big help in helping you find the best home for your lifestyle and your budget.
 
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