Buying and selling real estate can be a long process, but these are some of the largest financial decisions you will face. A reputable real estate agent can guide you through the process and help you make the best financial decision for you. Before you start searching for local agents, e.g., Suffolk real estate, consider the following tips.
Set Your Goals and Secure Financing
Your first step should be to set your goals. For example, what type of house do you want to purchase? Get specific. How many bedrooms and bathrooms do you want? Do you want a large parcel of land or will a condo work for you? Also, calculate your budget, and stick to it.
Now that you have a budget, start contacting lenders to discuss their interest rates and loan terms. Choose a lender with the best terms and lowest interest rate, and apply for your mortgage loan. Once you are approved, start searching for a real estate agent.
Conduct some Research
Your first stop will probably be your friends and family members, especially if they have recently purchased or sold a home. You may also ask your banker, accountant and even the mortgage company. Look at the real estate signs in your desired neighborhood. What agency or agent is on them, and how long have they been on the market?
Next, investigate the agents. Are they members of the National Association of Realtors? Realtors must adopt high ethical standards and complete additional training. Then, investigate their online profiles and customer comments.
Meet With Your Prospects
Think of these meetings as interviews. Find out how many homes and buyers they represent to determine whether they have the time to help you. Also, ask how long their homes have been on the market. Find out about their experience in your desired neighborhood and community. You should also discuss their fees and record. Check their references and review any contracts carefully before signing.
Pay attention to their presentation. Look for details that suggest they care about your business. Did they ask enough questions to really understand what you are looking for, and did they provide suggestions or guidance?
If you are looking for a new home, do some homework and get the best agent available.