Why use a REALTOR?

Realtors subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate.  An independent survey reports that 84% of home buyers would use the same REALTOR again.

What does your REALTOR do for you?

  • Determine your buying power – assisting with you finding a lender for pre-approval purposes while giving you basic information about your current income/debt ratio.
  • Resources to assist you with a home search – setting you up on a search of the multiple listing service or investigating to find a home that is not actively advertised on the market.
  • Provide objective information about properties – Realtors have access to a variety of informational resources, they can help to determine if the property will meet all your needs and answer whether there is resale value later.
  • Negotiations – There are many factors to negotiating. Your Realtor can advise you on price, financing, terms, inspections.
  • Market your property – If you are selling your property a Realtor can assist with marketing your properties to buyers as well as other real estate agents through a variety of advertising, networks, open houses, etc.
  • Evaluate buyer’s proposals – They can help you write a legally binding, win-win agreement that will more likely make it through the full process.
  • Close the sale of your home – Whether buying or selling, your REALTOR is the best person to objectively help you resolve issues and move your transaction to closing.

Should I only be looking with one agent?

Yes, by aligning yourself with one real estate agent they can be actively searching the database of homes to find the homes that meet your needs, they will be watching as prices change and new listings go on the market to let you know when something new is in your target search.

Do I need to be preapproved before I start looking at houses?

Yes, Absolutely. Otherwise, you may be focusing on homes that are above, or below, your true affordability. Secondly, if you find a home you love and want to make an offer, many Buyers have a distinct advantage in getting their offers accepted if the seller has a copy of a pre-qualification letter when the offer is submitted.

I am a First Time Buyer, where do I begin?

Contact a REALTOR at Coldwell Banker Penn One Real Estate to receive assistance in getting that pre-qualification letter to begin the process and discuss your “wish list.” This will allow you to locate available properties within your financial reach.