You will meet a lot of people just by deciding to apply for a home loan. This is because the process is relatively complex. This is especially true for first-time property buyers. Being represented by a professional certainly makes things easier. Among the people you should know is a REALTOR®. But what is a REALTOR® and why is it necessary to find one?
Understanding what a REALTOR® is:
A REALTOR® is a term used by real estate agents who are members of the National Associations of REALTORS®. Said term only refers to those who are members of the association. They abide by strict rules of ethics and standards, which set them apart from other real estate agents. Finding a good agent is essential because you want to be represented by someone who will protect your interests.
The roles of a REALTOR®:
You’re probably wondering why look for a REALTOR® if you can take care of things yourself. It is true that you can buy a property without any help. However, this does not guarantee that you will not encounter problems. Keep in mind that you can easily lose information necessary for a smooth real estate transaction.
The main goal of a REALTOR® is to ensure that both the buyer and the seller reach a win-win agreement. It is ideal that you work with one, because first, you are not required to pay anything in advance. Many buyers are reluctant to work with an agent due to the potential fees involved. Don’t worry about this, as the seller usually takes their commission.
In addition, the REALTOR® is expected to provide you with details of the different properties on the market. You are also tasked with setting up appointments with the seller and other parties involved, and more importantly, giving you information about the different properties you will potentially purchase. These are essential so that you can make an informed decision.
How to find a good REALTOR®:
Although all REALTORS® have sworn an oath, it is important that you take your time to find the one that is right for you. There are several of them on the market. You can ask for recommendations from people you know, who have probably worked with one before. You can also use the yellow pages or online directories to find one. Check out reviews, testimonials, or comments about their services.
Make sure the agents you are looking for are full-time REALTORS®. Although some part-time agents are good, you’ll want to work with someone who can see you when you’re free and won’t cancel an appointment. Limit your search to three options and check out his portfolio. Also check the number of satisfied customers and speak personally with the agents before making a decision.
Working with a real estate agent is important when buying a property. This will ensure that you are properly represented and that your interests are protected. However, you should make sure that you find a good agent to work with.