Buying a home ?
Get a good real estate agent

 

   
     
 

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for real estate
advice

Buy home
Home Buying Guide $11.95

Contents:

Where do you want to live ?
  New homes
  Pre-owned
homes
  Relative prices
  Buy to sell
at a profit
  Selecting a
real estate
agent
  Hire a home
inspector
  Viewing 
homes
  Working with
agents

   
How much house can
you afford ?


Getting pre-approved for a mortgage.


Selecting a
home


Negotiating 
a price
 


Closing the 
deal

 
Calculators
     Closing costs
  Monthly mortgage payments
  Monthly cost of increasing  loan amounts
  Pre-Qualification
of loan amounts
  After tax cost of owning a home
  Lender's view of monthly mortgage payments
 
Home Buyer's check list
Real Estate Contracts & Forms $12.10
Contact Home Buying Tips
  
Useful
real estate
web sites
How to sell
a house

After Buying

 

 

   
 

A good real estate agent knows your target neighborhoods. She can:

 
 
  • Find a house that meets your needs
  • Tell you what the house is worth
  • Recommend mortgage brokers and home inspectors
  • Coordinate the closing
  • Help in negotiating an acceptable price
 
     
  Agents work hard to make a living and they don't get a dime until a home is sold:  
 
  • They can't afford to spend time with people who just love looking at homes.
  • They need clients who are ready and able to buy.
  • Clients who know what they want get the best service.
  • Clients with pre-approved mortgage loans get special attention.
 
     
     
 

The best real estate agents:

 
 
Specialize - they restrict themselves by neighborhood and type of property
Are good teachers: they explain the home-buying process step by step.
Are full time agents with great professional contacts.
  • Local mortgage lenders
  • Property inspectors
  • Real estate lawyers
  • Title officers
  • Home insurance agents
 
     
     
 
Finding a good agent:
I found my first agent by responding to a newspaper ad for a three bedroom house near Emory university in Atlanta. The agent who placed the ad became a friend but knew little about real estate,   ...this is the Russian Roulette method of choosing an agent.
 
Get referrals (you want to interview at least two good agents): 
Sources of referrals:
  • Anyone who has recently purchased a house in your target neighborhoods. Ask why they liked their agents.
  • People in related fields: ask your lawyer, tax accountant and insurance broker about real estate agents they know.
  • The agent who sold you your current house:  she might know a top agent in your target neighborhood.
  • Your church, synagogue or mosque: ask members who have recently purchased a home.
  • Your employer or fellow employees who live in your target neighborhoods.
Not enough referrals?
 
 
     
  Questions to ask prospective agents  
 
  • How long have you been a full time agent ?
  • Will you work with me personally or will I have to work with an assistant or associate ?
  • Will you be representing me, the seller, or both ?
  • How many homes have you sold in my target neighborhoods ?
  • How many clients are you currently representing ?
  • How familiar are you with searching for homes on the Internet ?
 
     
  Select an agent who:  
 
  • Is a successful full time agent. 
  • Has sold homes in your target neighborhoods.
  • Is comfortable searching for homes on the Internet.
  • Communicates with you clearly
  • Has a personality you enjoy
 
     
  "Playing the field" and using several agents can be counter productive:  
 
  • Agents exert minimum effort when they know the commissions could easily go to another agent.
  • Agents work their butts off when finding the right house means getting a paycheck.
 
     
 

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