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Taking Charge When Buying a Home – Selling and Buying a Home at the Same Time

Buying a Home

Why Use a REALTOR® When Buying a Home?

A DFW real estate agent can help you understand everything you need to know about the home buying process as well as the challenge of buying and selling a home at the same time.

Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR “®” trademark on their business cards and other marketing and sales literature.

REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reported that 84% of home buyers would use the same REALTOR® again.

Real estate transactions involve one of the biggest financial investments of most people’s lifetime. Transactions today usually exceed $250,000. If you had a $250,000 income tax problem, would you attempt to deal with it without the help of a certified professional accountant? If you had a $250,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be wise to work with a professional REALTOR® when you are buying a home.

If you’re still not convinced of the value of a REALTOR®, here are more reasons to use one:

    1. Your REALTOR® can help you determine your buying power – that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders – banks and mortgage companies – offer limited choices.

 

    1. Your REALTOR® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.

 

    1. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you’ll want to know: First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

 

    1. Your REALTOR® can help you with negotiations and inspections. There are many negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or appliances. The purchase agreement should allow time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

 

    1. Your REALTOR® provides due diligence during the property evaluation. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the property title. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your REALTOR®, title search company or attorney can help you resolve issues that might cause problems at a later date.

 

    1. Your REALTOR® can help you understand different financing options and identify qualified lenders.

 

Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly.

What People Are Saying

  • Team Nelson is highly professional, knowledgeable, and great to deal with. Kelly Sokora guided us through the whole process. My wife Cindy and I are very grateful to team Nelson for making selling our house painless. Thanks again for a great job.

    Hal Volkert Avatar
    Hal Volkert
    9/11/2019

    Second time in 3 years that we have used Team Nelson to list our home. I can't say enough about the professionalism and personal service. Bill Nelson and Kevin Englebrecht are top notch, always available when we had questions and helped us get the most out of our home(s) during a strong market and most recently in a more challenging market. We highly recommend Team Nelson when you have a home to sell and when you are looking to purchase a home. And don't forget to use them even in a new build situation they will help you negotiate and will be there to support you during the entire build stage.

    Brad Drown Avatar
    Brad Drown
    12/04/2019

    She closed for us and it was a difficult sale , not her fault but the fault of a previous mortgage agent. My wife and I love her and her work. Infact, she is in the process of representing us in a new house purchase. Ahsan Raza

    ahsan h raza Avatar
    ahsan h raza
    5/28/2020
  • Tara did a fantastic job in both the search for a new home and selling our previously owned house. She did a great job narrowing the search for new homes to sharpen our focus.
    In terms of our house we sold, Tara was proactive and a strong and ethical negotiator on our behalf.
    If you are looking to buy or sell a home in the Flower Mound / Argyle area, I highly recommend Tara!

    yankee3423 Avatar
    yankee3423
    7/01/2020

    I asked for specific things when selling my house and they delivered as asked and more! I look forward to purchasing a new house with them. They helped making the process smooth for us and they were always very responsive through email/text/calls.

    zuser20140522135805439 Avatar
    zuser20140522135805439
    11/30/2020

    Top notch team, Tara was fantastic in helping me find my new home. I definitely recommend !

    Princess Granik Avatar
    Princess Granik
    9/11/2019
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