Posts Tagged ‘Agent’
What Does A Real Estate Buyer’s Agent Do?
February 14, 2012 | 
Author What Does A Real Estate Buyer’s Agent Do?
Article by Real Estate Pros
Buying a home or condo in San Diego can be a complex process, particularly for first-time home buyers. Most buyers find that they need the services of a good real estate agent to help them with this complicated process. The good news is that in many parts of the country, the agent that represents the home buyer is paid by the home seller, so there often no charge to the buyer for using an agent.
There are many things that your agent should be helping you with. For example, they should:
1. Help you clarify what type of property you want and what features it should contain (e.g. number of bedrooms, baths, yard, pool, etc.).
2. Help you clarify how much you can afford.
3. Help you identify properties that meet your criteria.
4. Set up an automated email system that immediately notifies you of properties that come on the market that meet your criteria.
5. Answer your questions about the process of getting a home loan.
6. Accompany you to properties you wish to visit.
7. Tell you about any known defects in properties that you are interested in.
8. Advise you about what comparable homes in the same area are selling for.
9. Prepare a written offer on your behalf for the home you are interesting in buying.
10. Negotiate with the seller’ s agent to try to get you the best price and terms.
11. Advise you about the documents that your lender will need to facilitate the loan.
12. Advise you about documents that the escrow company will need to facilitate the closing process.
13. Explain the entire process of purchasing real estate to you.
As you can see from the list above, buying San Diego Real Estate can be a complex process and there are many things an agent can do to make this easy for you. Since there is often no charge to home buyers to use an agent, there is no reason not to do so. Start benefiting now. Contact a San Diego Realtor to help you find your San Diego Home, Condo or townhouse.
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Role Of Real Estate Agent In Vacation And Second Home Markets
Second home sales have been increasing over the last few years with more people becoming second home owners. In 2005 alone, 40 percent of the homes sold were second homes. Demographics, all time low mortgage rates, and healthy rise in home prices have contributed to this development in the second home market. Besides these, a major factor that has helped augment the buying and selling of second homes is the real estate professional. The National Association of Realtors conducted research on the profile of second-home owners in 2006. According to the NAR report entitled ’2006 Profile of Second-Home Owners’, a majority of second home sales transactions are conducted using the services of real estate agents. The statistics are remarkable; 64 % of vacation home buyers purchased their home using the services of a real estate agent by the end of 2005 – a marked increase from less than 50 % of vacation-home buyers in 2003. Also, 65 % of investment-home buyers purchased their home with the help of a real estate agent – an increase from 53 % of pre-2003. In comparison, only 14 % of vacation-home buyers and 7 % of investment-home buyers purchased directly from builders from 2003 to 2005. Of vacation home sales made, 71 % of them were second homes and 74 % of the sales were made using the services of a real estate agent. Of the investment properties sold, 85 % of them were previously owned and 62 % of the sales were made using the services of a real estate agent. The use of real estate agents in second home sales transactions varied according to the home’ location. Buyers used a real estate agent more frequently while purchasing a vacation home located in a suburb/subdivision (56 %) or a rural area (57 %) than for homes in other locations. About 66 % of buyers who purchased an investment property in an urban/central city area or in a suburb/subdivision, used the services of a real estate agent more frequently than those who purchased a home in other locations. Real estate professionals continue to be the first source of information to second-home buyers (38 % of vacation-home buyers and 34 % of investment-home buyers). The real estate professional also plays a major role when second-home owners plan to buy additional properties. If you are thinking of buying a second home or vacation home, seek out the services of a real estate agent to guide you through your next home purchase. The percentage of second home owners who are more likely to use a real estate agent in their next home purchase is quite high. Among vacation-home owners it is 79 % and investment-home owners 73 %. Among second home owners, 65 % of vacation-home owners and 64% of investment-property owners are more likely to use a real estate agent in their next home sales. Given these statistics, it is no wonder that the real estate agent plays a pivotal role in helping people buy and sell second homes. So whether you are a second-home buyer or seller, enlist the services of an agent for a smooth, hassle free real estate transaction.
Posted in Real Estate | 
Tags: Agent, Estate, Home, Markets, Real, Role, Second, Vacation | 
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