Once a buyer is preapproved for a home loan, the next step is finding a real estate agent who will fit his or her needs. One important thing to look for is the agent’s familiarity with the area where the purchase is being made. Agents who know their way around the area and are familiar with local home values can make a big difference. This can prevent overpaying for a property or losing an offer due to underbidding. An agent who is acquainted with fellow real estate agents in the area can also be a benefit when trying to strike a deal.
Currently with such low inventory, all buyers need to put themselves in the best position possible. Having an agent who is educated in your loan program is a plus. Knowing up front, before an offer is made, if the home qualifies for a specific program can save hundreds of dollars on a home inspection and appraisal.
Experience definitely is a key factor. Agents who have been in business for a long period of time will have trusted relationships with other professionals in the industry. This could include a home inspector, loan originator and multiple types of contractors that a buyer could need repair estimates from.
There is a difference between a buying agent and a selling agent. Also, sometimes a real estate agent will have a team, in which case it is important to know if buyers deal with the whole team or the one agent directly. When dealing with a team it is important to keep everyone in the loop. The buyer will want to make sure he or she is getting the correct person the information he or she needs to complete the transaction.
All the above factors should be considered, but in the end, the person the buyer feels most comfortable working with is the right choice. Being able to openly communicate with the real estate agent and knowing he or she has the buyer’s best interest at heart are key. Take the time to call and speak with at least a few different agents to get a feel for how things work in your area. You will be spending a lot of time looking at different properties, so make sure you are with someone you enjoy helping you through this process of home buying.
Learn more by calling 810-732-9660. Cason Home Loans is located at G3404 Miller Road, Flint.