| Buying and selling real estate can be a tedious and | | | | homes in the same price range. |
| stressful time. At some point during your search | | | | The appraiser is more objective and compares |
| to buy or sell real estate, you will need the | | | | age, size, and cost-identifiable features in your |
| services of a real estate agent. Selecting an agent | | | | home against other real estate properties, which |
| can be confusing. | | | | have been sold in the area. |
| There is a way to determine who is most likely | | | | Good real estate agents use their experience and |
| to succeed in helping you get your most | | | | expertise to fine-tune the price by taking into |
| favourable price and terms when selling, or finding | | | | consideration all of these variables. |
| the perfect house when buying. | | | | Most uninformed home buyers go about the |
| QUESTIONS TO ASK A REAL ESTATE AGENT | | | | process backwards. That is to say that they |
| Do you work full-time or part-time as a real | | | | spend several weeks, months and sometimes |
| estate agent? | | | | years, looking at real estate ads, driving |
| How do you market your properties? | | | | neighbourhoods and attending open houses looking |
| Do you have a full-time assistant to see that no | | | | for the perfect homes for sale. |
| details are overlooked? | | | | Once they've found the house of their dreams, |
| How do buyers contact you? | | | | they place an offer to purchase it subject to |
| Are you marketing real estate for sale on the | | | | obtaining finance. Then they shop around for a |
| Internet? | | | | loan. More often than not, it is above their means |
| If I choose to auction off my property, are you | | | | and they lose the house because they can't |
| experienced in such transactions? | | | | afford it. |
| In what ways will you encourage other real | | | | Condition |
| estate agents to sell my home? | | | | New homes enjoy a marketing edge over resale |
| Do you have a system to follow-up with other | | | | homes because they are shiny and clean. Builders |
| agents so that we get valuable feedback after | | | | enhance their appeal by offering model homes for |
| every showing? | | | | sale, clean, bright, and decorated in popular colours |
| How many properties have you sold within the | | | | and amenities for prospective buyers to examine |
| past 30 days? 90 days? 6 months? | | | | on display. |
| Do you have a list of references whom I may | | | | Finance and Basics |
| check? | | | | These days, buyers of Australian real estates are |
| Are you available in the Internet so that my real | | | | wising up on the correct way of purchasing |
| estate property is exposed to millions of buyers | | | | homes. |
| instantly? | | | | The savvy buyer of today shops for finance first |
| What is my property worth? | | | | and only when they know exactly how much |
| What price do you recommend? | | | | they can afford will they inspect a real estate |
| How did you arrive at that price? | | | | property for sale that are only within their |
| Can you assist me in purchasing other homes for | | | | affordable price range. |
| sale? | | | | There are two methods of doing this. The |
| Do you have a written marketing plan designed to | | | | standard way is to call or meet with a loan agent, |
| sell my real estate property quickly and for top | | | | whether its the bank or building society. Tell them |
| dollar? | | | | your financial and credit history, have the agent |
| Do you guarantee my satisfaction by allowing me | | | | do a check on your credit rating , after which the |
| to exit the selling agreement at any time if I am | | | | loan agent discusses with you the amount you |
| not happy? | | | | qualify for. |
| If the agent you are interviewing does not | | | | Sometimes though the borrowers forget to |
| answer the above questions to your satisfaction, | | | | reveal late credit card payments, their new boat |
| find another agent who does. Hundreds of | | | | payment or car payment or they may even |
| reputable real estate agents are out there, with | | | | resort to inflating their income figures beyond |
| brilliant track records and willing hearts. Get your | | | | reality. |
| contacts through word of mouth, or if you want | | | | The preferred method is to complete an |
| to be a little techie about it, consult real estate | | | | application, provide income, taxation and |
| classifieds. | | | | employment records. The loan agent runs a credit |
| Location | | | | check, and then submits the file to a lender for |
| You have no control over the location of your | | | | countersigning and approval. Then they will provide |
| present home, and your home's location and | | | | a commitment for a loan to you. |
| setting influences its value to some degree. has | | | | This is also a powerful negotiating tool when |
| rental properties if you are between houses with | | | | presenting an offer to purchase. Real estate |
| numerous listings in many areas. | | | | sellers prefer to accept an offer from a buyer |
| For instance, a home inside a quiet court or a new | | | | who already has a loan commitment than from |
| subdivision may sell for more than the identical | | | | those without. |
| home on a busy street or close to a freeway or | | | | So to wrap up, here's the correct order when |
| railway line. | | | | you set out getting a new real estate property: |
| Remote country areas typically sell for less than | | | | Get a loan commitment first, and then find your |
| inner suburban and well-established homes. Even | | | | dream house. It' up to you if you're going to sell |
| streets in the same area may have different | | | | your house through a real estate agent or by |
| values too. Views, rivers, and trees, schools, | | | | yourself. Lots of free online classifieds are out |
| churches, and shopping centres all come into play | | | | there where you can list your home for free. The |
| when homes' prices are determined. | | | | advantages of selling your house on your own is |
| Home Prices | | | | that you have full control of all aspects and |
| Your home must be priced within the appropriate | | | | details, and you get to keep the profit all to |
| range. You must actually sell your property twice: | | | | yourself because you don't have to for |
| first to the purchaser and also to the property | | | | commission. |
| appraiser. The buyer is more subjective and | | | | But if you don't want to spend the time and |
| compares the amenities of your home to those | | | | effort in putting up your homes for sale, then a |
| of the home they live in at present and other | | | | real estate agent will gladly do the job for you! |