A real estate transaction is a transaction with many moving parts all tied together by a group of professionals. While the majority of professionals are well intended, at times inexperience or insufficient systems can make the process more stressful than it needs to be. Below is a list of professionals that make up a real estate transaction.
Real Estate Agent
In the last year, there have been over 1,000 new agents entering the market. Classroom knowledge does not equal experience. This is especially important when you are selling or buying a home with complications. It is important to look for an experienced agent. They will have a trail of happy clients, designations, and peer recognition. You can find experienced agents, their track record, and reviews on these helpful sites.
Finding the right, experienced agent is about as much hard work as you will need to do. As an experienced agent, and one of Birmingham’s best agents. I know that if you find the right, he or she can guide you to the other experienced, service-oriented professionals listed below to make your home purchase informed, smooth and relatively stress-free.
An experienced mortgage professional will help you understand the numbers. You want to look for someone who is transparent in their estimates. Someone who will overestimate your closing estimate to account for whatever expenses might be associated with the sale rather than underestimate to make their costs appear cheaper than the competing lender.
In fact, most expenses associated with purchasing a home are not even lender related, so leaving out associated costs or not estimating high enough is not helpful to you. Full disclosure and transparency are what is helpful.
In addition, the right lender is well versed with all loan products on today’s market, so they can help choose the right loan product for you. The right lender is service oriented and helpful. Choosing the right lender will make the process of buying a home informed and as easy as possible.
An attorney dedicated to real estate closings is a must. A great real estate closing attorney and his staff know how to work with real estate agents, title companies, HOA’s, municipalities, the tax assessor and lenders for a successful, seamless transaction.
One of the most important functions of a title company is to make sure that the person selling a house is actually the lawful owner of the house. If you are buying a house for the first time, this is a professional that you probably have never considered. Thankfully, if you have a real estate agent, you will not have to think much about this step because they usually have a list of trusted companies.
Read more here What Does a Title Company Do?
After an inspection, you will want to consult with contractors on price or repairs. Yep, an experienced real estate agent has a list on speed dial.
It is always possible to do plenty of preliminary research on your own, but sometimes it is advisable to contact a real estate professional. They will be able to provide you with the exact information you need concerning the neighborhoods you’re considering. They will also be able to give you insight and answers to other specific questions you may have, such as.
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