Are You Ready To Choose A REALTOR?
First of all, a buyer’s REALTOR is usually paid by the seller a commission that has been predetermined through the seller’s listing agreement with their REALTOR. A buyer should not have to add any REALTOR fees unless previously agreed to.
Now, let’s define a home buyer’s goal. A home buyer’s success is closing escrow on a home that meets their needs for as many years as they want or need it to without ending in mortgage distress. So, how does a home buyer put themselves in a powerful position to negotiate and face the often overwhelming mission to make sustainable decisions in a fluctuating real estate market resulting in a smooth home buying experience?
- Ensure You Are Financially Ready To Own A Home – If you know you have poor credit, excessive debts, and you struggle paying your bills, owning your own home may not be in the cards for you. However, if you’re willing and able to change any dysfunctional habits, you may be on your way to home ownership. Your REALTOR should refer you to a local lender that will not only advise you on your specific financial situation but, so long as you qualify for a loan, they will also use their knowledge and experiences in the local market to work with your REALTOR to maximize the potential of your loan. The National Association Of REALTORS took a survey showing 46% of home buyers felt they got a higher quality list services from their REALTOR. REALTORS simply know who gets the job done well and who doesn’t.
- Choose A REALTOR that is full-time and is preferably a Home Buyer’s Specialist – Don’t rely solely on home buying television programs or online home buying advice. There are always variations and insights that are best coming from a human professional working full time in the current housing market you’re getting into. A full-time REALTOR is more likely to have worked repeatedly with local vendors that may offer you quicker service, discounted prices, or other VIP treatment you may not get on your own because they want to receive continued word of mouth business from your REALTOR. Max out your advantages by
- ALWAYS think of a win-win situation – This does not mean overpay or fail to take advantage of market dynamics when they are in your favor. Highly effective home buyers often approach sticky negotiations with respect for the sellers and a willingness to be creative and flexible to help get to a set of terms that works well for all parties. A home buyer does not need to leave a seller dejected and depleted in order to get a good deal. Both buyer and seller want to move on with the next phase of their lives. Besides, so long as your REALTOR is not also the seller’s REALTOR, your REALTOR is there to protect your best interests and will advise you accordingly. This is why it is important to choose a REALTOR that is full-time and specializes working with home buyers.