June 16th, 2019 9:47 AM by Jackie A. Graves
Real estate agents are an important member of your homebuying
team. Like housing counselors, they play a vital role –
helping you find the right home at the right price - and will be with you every
step of the way during your homebuying process.
they're local experts, your agent should have the inside scoop on available
homes and possibly those about to be listed and will negotiate on your behalf
when you're ready to make an offer.
Choosing an Agent
First-time buyers should look for a
licensed real estate agent with experience in their desired location-- one who
works with buyers like you and is willing to patiently explain the homebuying
A good way to
find this person is through personal referrals or, if you're new to an area,
read their online reviews from previous clients, says Susanna Haynie, a real
estate agent for 10 years in Colorado Springs.
Working with Buyers
it's important that agents understand each client's needs in terms of location,
house size, and other expectations. She provides information about the area and
current listings, and previews homes that might be a good fit.
suggests that her clients get pre-approved by a lender. This involves
submitting a loan application and having the lender verify, among other things,
your income and credit. Based on the lender's assessment, they will provide a
letter indicating how much they're willing to loan you for a home purchase.
Going through this process gives you a good idea of your price range and lets
sellers know you're a serious buyer, she says.
Making an Offer
helps her clients to find the right home, she works with them to structure an
offer to present to the seller. Your agent will manage the negotiations and all
related paperwork with the seller, always working in your best interest.
This June, we're
celebrating all the people who help make homeownership possible, including real
estate agents like Haynie, who will be with you throughout the home-buying
process to help you achieve your homeownership goals.
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