Real estate advice

Buying or selling a home is the biggest transaction of most people's lives. It can be emotional, exciting, and even a little scary. Guidance and straight talk help. The tips below can explain a few things, put your mind at ease, and get you started.

Buying a home is a big decision. The financial and emotional stakes are high, but the rewards can make it all worth it.
Selling a house can be stressful. Making the decision, preparing the house for sale, keeping it clean, waiting for a buyer, dealing with offers, and advancing to the closing table – all of these steps can involve discomfort. This is a huge financial transaction with many emotional aspects. But you can get it done – and it may even be easier than you anticipate. One thing to keep in mind is that you're not alone. An experienced, professional real estate agent can guide you through the process, help resolve any issues that come up, and ensure that your home sells for the optimal price in a timely manner.

The concept of a mortgage is quite simple. It's basically a loan for a home wherein the property itself is used as collateral. Securing a mortgage, however, can be complex. The process may take more than a month, as several parties – from the escrow officer to the loan underwriter – work behind the scenes to put it all together. A trusted real estate agent can recommend a reputable mortgage professional and help you navigate through the process.

Tips

In choosing a real estate sales representative, what qualifications should you look for in order to obtain the best possible service? Consider the following criteria:

- Is your Real Estate Agent a full time representative or are they part time only
- What level of training, education and experience do they possess
- Remember that 10% of Real Estate Agents sell more than 80% of the homes

- One of the main reasons for hiring a Realtor should be to extensively market your property and to create heightened awareness and exposure of the availability of your property. It is very expensive for an agent to guarantee advertising exposure, but it is even more costly to you if there is little or even worse no exposure at all. Advertising exposure increases the probability of selling your property faster & for a higher price by reaching a much larger group of qualified buyers. It works for large multinationals like Coca-Cola & Nike; and rest assured it also works for the sale of Real Estate.

- What is the cost (rate of commission)??? This is a very important question but it should be asked in conjunction with what will you be doing to sell my property, its fair to say that it costs very little to do nothing. A good decision is based on comparing what you get for your hard-earned dollars and who will net you the highest dollars. As you know you often get what you pay for.

- An agent with a proven record of success and many sales will have more experience and strong negotiation skills. Strong negotiation is extremely important to help get the highest possible price, but also equally important is the ability to prepare paperwork (contracts) in a way that keeps your best interest in mind at all times. This comes with experience; there is no substitute for experience.

- It is important to be a specialist in your field. Ask yourself is this Realtor a well known specialist. When an Agent promotes and advertises extensively, many potential buyers will call that agent when they are ready to buy. Also the buyers will keep a close interest in what the Agent has listed on the market. When you have the attention of a large group of buyers then you have a better chance of finding the right buyer that will appreciate the property that is being sold.

- The Realtor that you choose should employ a support staff in order to offer you more personal and better service, so that they are not tied up with administrative duties or errands but rather have more time to spend with buyers and sellers negotiating. Remember that extra service does not cost any more but it does help in the overall sale of the property.

- A successful Agent will have a strong list of satisfied customers that would recommend the agent with out reservation!

It's your largest investment, would you want just anyone to handle it for you.

For more details, please feel free to contact Suresh Paramalingam.