House Hunting Part 4 – Selecting a Hunting Guide
The late night searches ended. With a warm cup of coffee at your side and your spouse checking in on you every now and then, you compiled your list of perspective abodes. The prize of your hunt could possibly be included yet you are not sure. The photos look nice, the price is right and you love the neighborhood. Nevertheless, those pictures do not tell the whole story. Realtors take pictures of only the things they want you to see and exclude all the blemishes a home may have. Now it is time to take the hunt on the road. You need to schedule visits and to do this you need a hunting guide, a licensed Realtor. However, how do you choose one?
Selecting a Realtor is one of the most vital aspects in-house hunting. It may seem a daunting task with so many out there. Just google the tem “Realtor” and lists of perspective guides appear. How do you know which one is right for you? It is difficult. Let us start with the basics, what is a Realtor? A Realtor is a real estate agent who is a member of the National Association of Realtors, a real estate agent is an individual who is licensed to negotiate and arrange real estate sales; works for a real estate broker. Negotiates and arranges the showing of property, listing property, filling in contracts, listing agreements, and purchase contracts. Real estate agents generally are licensed to operate under the supervision of a real estate broker. They come from all occupations and are required in Texas to obtain 180 credit hours of classroom study followed by a computerized exam. A college degree is not required. All Realtors start at different places in their lives. Some set out from the start to become a Realtor while others begin after completing another career. Some are full-time and others work side jobs. The basic services of agents are the same throughout the industry and are not difficult. What distinguishes one from another are the intangible items.
In picking the right hunting guide, there are many things to consider. Experience, for example may be important yet some types of experience hold more value the others. A Realtor who has been in the business for the last twenty-five years might be a good guide however they may also be so busy that they are unable to show you a home in a reasonable time or they may pass a client who is searching for a less expensive house to another non-experienced representative. A new agent may cause you to pause, however remember every Realtor does more or less the same thing. This does not mean the new agent is the way to go because there are ‘bad’ new agents as well as “good” ones. Some potential house hunting guides possess other valuable experience. Some come from the construction industry and others from a financial background, this kind of knowledge can help the hunter. Ask friends, coworkers, or local family members for their recommendations. Word of mouth is the best advertising a Realtor can get. If that is not available, go to the Texas Association of Realtors website https://www.texasrealestate.com/for-buyers-sellers-renters, they have a Realtor search engine. When searching on Zillow or some other website to find homes usually the listing agent’s photo and contact info accompanies the listing. In Texas, the listing agent may also work with the Buyer causing an intermediary status. The Broker assigns the same agent to work both sides or delegate another representative to handle one side of the deal. Usually the listing agent stays with the Seller since they have a closer business relationship and the other goes to the Buyer. This is not the ideal situation for the hunter because he/she is either working with the Seller’s Realtor (by law they are to keep both sides of the deal separate) however in reality could cause conflicts or having the Broker choose your Realtor which is also not a good idea. Any licensed Real Estate Agent in Texas may show other listings besides their own. This is a critical concept for the hunter to remember.
Make sure your house-hunting guide is able to access the MLS (Multiple Listing Services), CSS (Centralized Showing Services) and is a member of the Texas Association of Realtors. Realtors from major brokerages such as Prudential, Century 21, Keller Williams, etc. have marketing advantages over some of the smaller independent brokerages however in reality; this helps Sellers more than Buyers. Personality is also a trait to consider. Is your hunting guide friendly, honest, conscientious? Is he/she prompt? Do they explain all the steps required to purchase an abode? The qualities are objective yet significant and something only the hunter can answer. The hunting guide is perhaps the most important person by your side during the hunt. He/she will send you listings, schedule showings, write offers, negotiate deals, and coordinate between the lender, Title Company and the Buyer. They help you with the process all they way to closing and check up with you after moving into your new castle, so choose carefully. See you down the road. http://www.djlyons-realtor.com