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Step 2:
Get A REALTOR®
Buying and selling
real estate is a complex matter. At first it might seem that by
checking local picture books or online sites you could quickly find
the right home at the right price.
But a basic rule in
real estate is that all properties are unique. No two properties --
even two identical models on the same street -- are precisely and
exactly alike. |
Buyer's Guide
Step 2: Get A REALTOR®
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Homes differ and so do
contract terms, financing options, inspection requirements and closing
costs. Also, no two transactions are alike.
In this maze of forms,
financing, inspections, marketing, pricing and negotiating, it makes sense
to work with professionals who know the community and much more. Those
professionals are the local REALTORS® who serve your area.
How do you choose?
In every community you're likely to find a number of realty brokerages.
Because there is heated competition, local REALTORS® must fight hard to
succeed in your community.
The best place to find a
local REALTOR® is from our extensive listing of community professionals.
Other sources include open houses, local advertising, Web sites, referrals
from other REALTORS®, recommendations from neighbors and suggestions from
lenders, attorneys, financial planners and CPAs. The experiences and
recommendations of past clients can be invaluable.
In many cases buyers will
interview several REALTORS® before selecting one professional with whom to
work. These interviews represent a good opportunity to consider such
issues as training, experience, representation and professional
certifications.
What should you
expect? (Working with a REALTOR®)
Once you select a
REALTOR® you will want to establish a proper business relationship. You
likely know that some REALTORS® represent sellers while others represent
buyers. Each REALTOR® will explain the options available, describe how he
or she typically works with individuals and provide you with complete
agency disclosures (the ins and outs of your relationship with the agent)
as required in New Jersey.
Once hired for the
job, the REALTOR® will provide you with information detailing current
market conditions, financing options and negotiating issues that might
apply to a given situation. Remember: Because market conditions can change
and the strategies that apply in one negotiation may be inappropriate in
another, this information should not be set in stone. During your time in
the marketplace, REALTORS® will keep you updated and alert you to each
step in the transaction process.
NEXT STEP: Get
Loan Pre-Approval
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