Home Add to Favorite Contact Submit  
             28 March, 2024
 

    
Category:  Articles » Finances » Real-Estate

 

Selling, Buying - Or Both? Ask The Experts!

Popularity:
         Views: 1576
2008-05-27 04:21:43     
Article by Teri Treadway

In today's competitive residential real estate market, everyone from first-time homebuyers to experienced homeowners and seasoned real estate investors needs to consider a number of aspects that may impact the sale of their current home as well as their purchase of a new home or vacation home. Selling and/or buying a home are large,
complex financial transactions; and for that reason, it is important to have qualified experts help you navigate the process.

If you're a buyer, working with a real estate professional can provide numerous benefits--helping find the right house, providing guidance in negotiating a price, and handling details that will ensure a smooth home purchase.

Your Realtor can also provide resourceful guidance for selecting the right neighborhood for your individual needs. He or she can identify comparable area sales as well as supply neighborhood information - current real estate values, taxes, utility costs, school district, municipal services and other community aspects that may impact your decision to buy.

An experienced real estate professional understands your time is valuable, and can help you focus on homes with features that are correlated to your personal preferences. Realtors also frequently provide innovative, imaginative suggestions to make a home more suitable for your needs. They can advise you regarding tax implications and provide guidance during contract negotiations.

Realtor representation is especially beneficial when you need to negotiate your purchase price within a limited time frame. By providing prompt, legally binding contractual documentation and advising you throughout negotiations, your real estate professional can help make the purchase transaction smooth and seamless - and more importantly, help you obtain the home you want at the price you want to pay.

If you're a seller, listing your home with a qualified real estate professional also can be beneficial. Realtors can offer a marketing plan to attract potential buyers; and supply a pricing strategy that will fit your individual needs. By accessing agency resources, a Realtor can provide you with information regarding current market value of properties in your area; and by monitoring market conditions, help you obtain the best price for your property.

Another key person in the Selling/Purchasing process is the mortgage lender. From a seller's perspective, it is important to consider whether or not your potential buyers have already prequalified for a loan with a mortgage lender. Prequalification ensures that the potential buyer has the financial ability to purchase your home and has obtained secure financing for his or her offer.

If you are planning to purchase another home with the assets from the sale of your current property, you change positions from seller to buyer, and the previous advice applies to you. It is always beneficial for you to be prequalified for your next home purchase. From a "buyer" perspective, prequalification gives you an advantage over other buyers who are not prequalified by assuring the seller that you indeed can support the offer you are making for the property.

Today's real estate professionals and residential mortgage lenders frequently work closely together and with clients as trusted advisors to help achieve the customer's home-buying dreams. Whether you are buying or selling - or both - working with qualified professionals reduces risk, saves time and assures a smoother, more streamlined process. In what is the single largest transaction that many people ever make - buying a home - there is little doubt that for advice when it comes to Selling, Buying - or Both, it is important to Ask the Experts!

Teri Treadway has been in the mortgage lending industry for 25 years. She is a consultant and frequent contributor to Steven Kay's business talk radio show, "Life, Business, Money" on CNN AM 650 in Houston, Texas.

Specialized in: Selling - Buying
URL: http://www.stevenkay.anythinginternet.com
Print article      Bookmark this page
Related Articles 
A Guide on Hiring the Best Property Management Companies (Popularity: ): As with anything worth having in life, getting a quick return of your investments from hiring a property manager takes time. Even the selection process itself is something that can’t be done overnight or even in a matter of hours, unless you know who you are hiring very well and if they’ve quickly proven how trustworthy and competent they are. It is recommended that you do at least three interviews ...
Important Issues That Must Be Faced When Relocating To A New Area (Popularity: ): The decision to move house is always an important moment in your life and finding your ideal home is not always an easy task. The search will often focus on the type of house you would like and we all have our own opinions and tastes in this respect. At certain stages of your life there will be different priorities and considerations. If you are moving within an area you ...
Bangalore To Turn out to be a World-Class City, Real Estate to Blossom (Popularity: ): A positive impact would definitely be on the real estate markets of Bangalore once plans started transforming into reality. Bangalore will become first Indian city to meet international specifications. Up gradation in urban planning and development using GIS tools and latest digital technologies will convert Bangalore's current unstructured market into a structured and organized one.As a result Bangalore property values are going to increase substantially while the markets consolidate with ...
How to Keep Investment Real Estate Profitable In Any Economy (Popularity: ): If you analyze your real estate, update and improve your investment team, review your long- and short-term investment plans and stay focused on the end result; your real estate portfolio will be a rock solid fortress that can weather any storm.Analyze The first and most important thing is to carefully analyze your Canadian Real estate investing portfolio. • What properties are doing well? • Are there properties that are slowly leaking ...
Things to consider when searching houses for rent or Rooms Aalborg (Popularity: ): Aalborg in Denmark is a great place to stay. Apart from tourists who come here to vacation there are also other people who come here to stay for a longer period for different purposes. For them it becomes necessary to take a house on rent. You got to consider a few things when looking for houses for rent or Rooms Aalborg. This will help to settle down comfortably in your ...


Related Business 
SecondSpin.com (Popularity: ): Source for buying and selling used CDs, Movies and DVDs. Secure online buying and selling. Complete satisfaction guaranteed.
The Be Aware of Real Estate Handbook (Popularity: ): A collection home buying or selling advice, along with real-life experiences. Tips for buying, selling, and closing.
Buying Penny Stocks (Popularity: ): Buying penny stocks – Penny Stocks offer a vast selection of speculative issues for buying and selling low-priced shares. Get the inside knowledge of the prospects and potential of a company before buying.
RV Sales and Service (Popularity: ): Georgia dealer, buying and selling used RV's, travel trailers, 5th (fifth) wheels and campers. Parts and accessories installation. Full coach services by experts, A/C, heating, refrigerators, stoves, generators, plumbing, water heaters and electrical.
Buying and Selling a Business in India (Popularity: ): Where do you find the best buyer for your business in India? Or How to sell Business in India? Here we've compiled information that will help business owners with the mechanics and strategies of buying, selling and valuing their businesses.
Condo In Montreal (Popularity: ): Buying or selling a condo in Montreal can be a daunting task for someone who is inexperienced with the process. The processes of buying or selling a condo in Montreal both achieve the same end result: a signing date at the notary's office. However the processes to get to that point are quite different.
Oro Valley Real Estate (Popularity: ): As experienced agents who are experts in this local area, we bring a wealth of knowledge and expertise about buying and selling real estate here in Tucson. It's not the same everywhere, so you need someone you can trust for up-to-date information. We are eager to serve you.
ValueLaw.ca | Edmonton Real Estate Lawyers (Popularity: ): Buying or selling a home is a big financial decision. While it can be exciting, the contracts, paperwork and various details that go into buying or selling a home are important and can be stressful. The legal team at ValueLaw.ca has a proven track record of completing real estate deals smoothly and efficiently.
Acumen Property Solutions, LLC. (Popularity: ): We are driven to meet your real estate demands, to help you keep more money from your investments, and to make the process of buying or selling a home more comforting, streamlined, and efficient. Selling house quick is one of the mainly important stuff to selling a house to several people.
MPB (Popularity: ): MPB is an established digital platform for buying and selling pre-owned photography and videography kit, run by trained camera experts and seasoned photographers and videographers. Each item is inspected carefully by our product specialists and comes with a 6-month warranty for your total piece of mind.