When it comes to selling your home, hiring a real estate
agent not only means less work, less worry, and less risk,
it mean hiring someone who is knowledgeable and well versed in all aspects of the real
estate industry. You want
someone who knows your
community, and has the
experience necessary to
sell your home quickly and
for the best price.
Choosing to work with a Real Estate Professional means choosing someone who will help you with the following throughout the entire transaction:
Most buyers today choose to have an agent represent their interests in a real estate transaction. This is also known as Agency Representation (or fiduciary representation), which simply means that the
agent you hire is legally
bound to represent
your interests. This
involves the highest
standard of care and
extreme loyalty to you,
the “client”, and allows them to provide the full range of services that buyers need and deserve.
Tips to help you select the right real estate professional:
Q: How do I find a good Real Estate Agent?
A: Choose a real estate agent who lives and works in the area. The reason being they need to be knowledgeable in the local market. This is critical in the fast moving market that we have experienced in the last few years. Also look to see if they have continued their education and have credentials such as GRI, CRS, ABR, CLHMS & SRES which indicate that the agent is aware of the latest trends in the industry particularly the use of social media.
Q: Who does the Real Estate Agent represent?
A: When you hire an Agent as a Buyer Broker, that agent represents you alone, not the seller. That is the advantage of Buyer Agency and it is the form of representation that most buyers are choosing here in Texas. Many Relocation Companies require you to have this type of agency representation.
Q: What are other advantages to Buyer Agency?
A: Buyer Agents can help you to research the market by showing comparable homes in resale as well as new homes. Buyer Agents can show you everything the area has to offer. A Buyer Agent can advise you on taxes, pricing in the area, market conditions, how long the home has been on the market and negotiate the price of the home for you. The Martin Team will do a lot of the research before you meet with them, looking for the right properties to show you.
Q: Do I need a Buyer Agent if I am going to buy or build a new construction home?
A: Definitely! The sales person at the new home represents only the Builder. The Buyer Agent’s knowledge of the market may enable you to negotiate a better price and/or upgrade package – and at no cost to you! Perhaps more importantly The Woodlands Team will advise you on what will resell best in the market and advise which upgrades will add value to your home. The Martin Team is also accustomed to dealing with Relocation Companies and can make the move a little smoother.
Q: Who pays for the services of the Buyer's Agent?
A. In our market it is typical that the Builder or Seller will pay the fee of the Buyers Agent just as they would a Sub-Agent. The fee is stated in the Multiple Listing Service or in the Builders' and Broker Agreement policy.
Q: How do I sign up with a Buyer Agent?
A: There is a form to complete called the Buyer Representative Agreement. You are hiring the agent to work for you. The agent will put a lot more effort into the relationship if they know that you trust them exclusively to find the right home for you. There is a lot of preparation and research that goes into setting up a schedule aimed at finding the right home, within the least possible time frame.
Q: Should I start my Mortgage Application?
A: Absolutely. In fact it will make the process of buying a home easier if you have a mortgage at the approval stage. Your negotiating position will be stronger and your contract much more credible if you can say that you are already approved for a loan. This will work especially well if there are multiple offers at the same time on one house.
Q: What happens after I find a home?
A: You and your Buyer’s Agent will sit down and write a contract. Your Agent will present the offer to the Seller’s Agent and then negotiate the contract for you. Your Agent should concentrate on getting the best price for you.
Q: What is an Option Period and why is it to my advantage?
A: When purchasing any home you should ask for the right to have a licensed inspector give an opinion on the condition of the property. The Option Period an agreed set number of days in which you have the right to inspect the property. The advantage to you of course, is that you will know a lot more about the condition of the property you are buying.
Q: What kinds of inspections are there?
A: In our area the typical inspections are mechanical, structural and wood destroying insect inspection. You may also decide to have separate inspections on the pool and spa, air conditioning, heating systems and the roof. The buyer chooses and pays for the Texas Licensed Inspectors.
Q: Who orders the Appraisal?
A: Your Mortgage Company will order the Appraisal. You should request a copy from your Mortgage Company and keep it in your permanent file.
Q: When is my loan approved?
A: Your Mortgage for your home is approved only when all the contingencies on the contract have been satisfied e.g. appraising the value of your new home, inspections completed, survey, income verification, saving verification. When all these items have been completed, the package then goes to the Underwriter of the loan for final approval.
Q: Do I see the home before the Closing?
A: It is customary in Texas to have a final ‘walk-thru’ just before closing on the home. You may also want to instruct your inspectors to go and re-inspect the property prior to closing if any repairs have been requested.
Q: When can I move in?
A: You have access to the home on the Date of Possession on the contract. It can be different from the Date of Closing. The keys to the house are handed over when the loan has funded. It is very important to have a Buyer’s Agent tracking your file. A good Agent will know that certain things must be done in a timely manner so that the closing can go as scheduled. This is just as important in New Construction Homes as in Resale Homes. We have found at The Martin Team, that assigning the job of Closing Coordinator to one person, ensures a smooth closing.
Q: How do I start the Home Buying Process?
A: First give The Martin Team a call. A Buyer Agent will spend time with you to get to know what you and your family are looking for in your new home and neighborhood. Then the Agent will help you with Mortgage Lenders, Builders, Inspectors, Movers, Pool Companies and whatever it takes to alleviate the stress involved with a move.
Q. Before I put my home on the market, what can I do to help achieve the best sales price?
A. The Martin Team agents can advise you with regard to any changes that need to be made to your home to make it as competitive as possible. It may be; painting a room; rearranging furniture; improving curb appeal, or just clearing out those closets & excess furniture. They know what a buyer is looking for and the importance of a first impression.
Q. My neighbor’s house sold very quickly and for a great price. I know what I would like to sell my house for but am I being realistic in today’s market?
A. Our agents constantly keep up with the inventory of both resale and new homes. They will prepare for you a CMA (Comparative Market Analysis), which will help you to determine the best list price for your home. Our goal is to get you the best price in the least amount of time.
Q. Should I interview more than one realtor?
A. Absolutely! Not all realtors are created equal. It is important that you choose an agent with whom you can develop a relationship and with whom you feel comfortable. Someone you can trust and who will use advanced techniques and aids in marketing your home. Selecting a listing agent who agrees to list at a high price is not in your best interest, however.
Q. What marketing will you do to get my home noticed and sold?
A. The Woodlands Team agents will prepare for you a ‘Marketing Plan’ that will include extensive internet marketing on a multitude of web sites, virtual tours, in house color brochures, social media marketing, a YouTube site and a Single Property Website for your own home. We also send out eflyers to local Realtors making them aware of your listing.
Q. We would like to stay in the area but need a larger home. Can one agent help us in selling and buying a home?
A. Definitely! By using one agent for both transactions, the coordination of your move will be much smoother, less stressful and may benefit you financially.
1104 S Friendswood Dr
Friendswood, TX 77546