Many people have a skewed vision of what most real estate agents are and how they work. A lot of folks view Realtors in the same category as the stereotype of the smarmy used car salesman. I am here to dispel that stigma!
The reason most folks feel this way is that they have had a bad experience with an agent, or they simply don’t know what a Realtor really does. Most agents in our market will go out of their way to explain the whole process to you. There are many steps to a transaction, for both the buyers and the sellers, that you need someone who does this daily to walk you through, including what will come next!
Let’s just focus on buyers. The first step is to get a preapproval letter from a lender. Next, you house hunt and find the best home on the market for you! These are the two most fun stages of the process. Then begins the most important part of the process -- the inspections and inspection negotiations. Your agent will walk you through the inspection report and help you to decide what, if any, requests you should make of the sellers for repairs and negotiate on your behalf for an agreeable solution.
All the while, you are working with your lender, as well as your Realtor, to make sure you have all the documentation needed for underwriting to approve your loan. The bank will also do an appraisal of the value of the home. So long as it is within the necessary parameters for the loan, you go to closing! If not, then your Realtor should help you renegotiate the price.
Once all those different aspects have been taken care of, you go to closing and get to own your very own home!
The work Realtors do is often in the background -- guiding, supporting and negotiating. Remember that most agents aren’t just out for the paycheck; they are working to build a lifelong relationship with you as a trusted professional. They want to help you find the best home for you and keep the process smooth! Doesn’t that sound like someone you would want on your side?!