FINDING AN AGENT
Working with a realtor to find a home.
Once a borrower has a pre-qualification or pre-approval, he or she is ready to go home shopping. A realtor can help with that!
Working with a “buyer’s agent” is the best way to look for a home. Realtor commissions are typically paid by the seller, meaning that having representation usually doesn't cost the borrower any extra money as opposed to self representation.
Realtors can help in a variety of different ways, including but not limited to the following:
1. Finding a property that fits your needs - a realtor will have access to active listings, and can simultaneously search for and filter listings according to your needs/requirements. Want a 3 bedroom home with a swimming pool? An agent can help narrow your search.
2. Representing you during contract negotiations - real estate agents aren’t attorneys. You should always consult an attorney if you have legal questions pertaining to your contract. However, most contracts are a standard TREC 1-4 Family purchase contract, which has been thoroughly vetted in past transactions. An agent’s expertise on comps in the area, negotiating seller concessions, tendencies of the listing agent, etc. etc., can all be valuable resources for you.
3. Providing help and expertise on ordering home inspections, home warranties, filing for homestead exemptions, and coordinating the transaction with the title company. Aside from your lender, a realtor can be a great asset to help point you in the right direction.
Need help finding an agent and don’t know where to start? Call us! Chances are high that we’ve worked with at least one - if not multiple - great agents in your area.
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BENEFITS OF AN FHA LOAN
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