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6 Tips on Choosing the Right Real Estate Agent You Won’t Regret

Real estate agents come in by the hundreds. With so many to choose from, how does one know which are good and which will simply cause you stress? In this guide, we will discuss 6 tips on choosing the right real estate agent you will not regret.

Talk to previous clients

To help you find out about their reputation and experience, speak with their recent clients. This will help you to compare listing and understand if both parties are in the same term. Consider asking about their asking price, selling price, location, and time on the market.

Ensure Proper Registration and License

Find out of your potential real estate agent is licensed and registered, to help you buy a home. Check for any problems or issues between the real estate agent and the home.

Favor Agents that Won Awards

Real estate agents who have won awards in their market as they are considered the best. How? Their colleagues decide on who receives these awards like “Top realtor of the year” and so on. Real estate agents win these type of awards due to their good service and hard work.

Check Their Credentials

Some agents may specialize in specific areas of real estate. They will have the proper credentials to indicate their specialty. Check off any credentials when you are looking for the agent as some examples may include ABR – Accredited Buyer’s Rep or CRS – Certified Residential Specialist.

Ask About Their Expertise

The longer the real estate agent has been in business, the more knowledge they will have in their training. You will want to hire someone who understands your area of interest and knows the process of what you need to do when buying a home.

View their Current Listings

Check out what the agent currently has on their list to help you determine whether they will better serve you. Check through online listings to see how the properties are advertising and presented.

Got any tips that you would like to share? Comment below and let us know!

Top 5 trends That Influence the Real Estate Market

With the housing market always on the move, trends both old and new are aiming to shift with the years to come. With the current economy and the shifts in political areas, it seems like the real estate market is also on the rise.

Here are the top 5 trends that influence the real estate market.

Increase in rates

As housing rates continue to soar, we can expect at least another two increase of rates within the next coming year. As a result, this will lead to higher mortgage rates and make it all the more difficult for home buyers to purchase the ideal home that fits their needs.

More Credit Available

Despite the rise in mortgage rates, credit is becoming more available to the average consumer. This is because of the relaxed standards of lending as first-time buyers are given a break. In fact, first-time home buyers are being charged a lower fee than those who are have purchased a home in the past.

More Affordable New Homes

Another trend in the real estate market is the availability of newly built homes. With the demand for buyers, loose credit standards and higher wages for construction builders, this sets the right environment for new home models.

Mid-Sized Cities on the Rise

As more mid-sized cities continue to rise, people are moving to higher paying jobs outside of their comfort zone. The trend affects the market due to the lack of spaces where jobs are available. Since younger people are looking for high paying jobs and a low cost of living, this trend will continue to soar.

Foreign Buyers

Foreign buyers are people who purchase real estate in other countries than their own to keep money safe and protected. As the economy of some countries starts to slow, more people are turning to countries with stability and offers quality storage for their finances.

What is your opinion on these market trends? Comment below and tell us what you think!

4 Reasons Why Homebuyers Need a Home Inspection Before Closing the Deal

Have you found the home of your dreams? While you might be in a rush to make the purchase deal, it is important to take a few steps before you do. Experts in the real estate market agree that before you close the deal, you must hire a home inspection professional to come and analyze the home.

Here are 4 reasons why home buyers need a home inspection before closing the deal.

Find any hidden damage or in need of repair

Remember, not all damage can be instantly seen if you do not know what to look for. There may be flaws in the piping system, rooftops, sewer, etc. These flaws in the home can be easily missed. That is why you must ask for professional help. It is better to be safe than sorry as you might be surprised to see that there are hidden issues that need to be fixed before you move into your new home.

Saves You Money

Contrary to what many assume, hiring a professional home inspector is actually more affordable than paying for all the work you will have to do once you purchase the house. To prevent any damages or high costs, hiring a home inspector will give you a detailed report on the property and help you make a strong case in making the purchase deal. You

Negotiate the Price

If you are looking to purchase a new home, you will most likely hear the owner say that it is a fixed price and that they will not reduce it any lower. While they have the right to do so, conducting a home inspection will help you weed out the flaws and make a good opportunity to haggle for a lower price on the home.

Sellers Must Repair Damages

When the inspection results come in, the seller is required to cover the costs of repairs before the buy decides to make the purchase. If the seller does not want to take on the tasks of repairs, you can make a point to the estimated price of the total cost of repairs and ask to deduct it from the total selling price of the home.

Do you plan to hire a home inspector before you purchase your next house? Comment below and let us know!