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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

  • Bill was always very straight forward to work with and he always did exactly what he said he would which isn't always the case for those in the home industry. He also went above and beyond to make sure we were happy ... If we ever look to sell or buy in the Dallas area we would work with Bill again for sure! Very trustworthy!

    George Mrvos Avatar
    George Mrvos
    12/11/2018

    Tara sold my house before it even officially hit the market and for well over asking! She is very knowledgeable and happily answers all questions (even the hundreds of first time home buyer questions I had for her)! I would recommend Tara to anyone looking for a first class buying/selling...

    chasing carlie Avatar
    chasing carlie
    7/23/2018

    Bill Nelson and Team Nelson were absolutely amazing to work with! Bill came highly recommended from our lender as well as a personal friend, who used to be a Realtor. From our first conversation on the phone, I felt that Bill was definitely the right Realtor for us. He was very personable and...

    jared78 Avatar
    jared78
    8/04/2015
  • Tara was absolutely amazing! She was such an incredible help throughout or entire home buying process. She always made us feel like her top priority, which is a great peace-of-mind while trying to purchase a home. She fought for us on different issues with taxes during the closing process and I am...

    user2267498 Avatar
    user2267498
    8/19/2018

    Bill and his team maintain great communications. They are very attentive to details and is very service oriented. I enjoy working with Bill and his team. I highly recommend their service looking to buy or sell their house.

    Simon Tan Avatar
    Simon Tan
    12/11/2018

    It was a pleasure to work with the Nelson Team in the purchase of our new home! We received helpful information upfront from Bill that the home we wanted was a Relocation and that affected the price we offered. The paperwork was expedited and everyone was professional and pleasant. We felt we...

    helenskp Avatar
    helenskp
    8/20/2015
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