The Value of Using a Real Estate Agent When Buying a Home

The real estate industry can be tricky for anyone who doesn’t work in it. Between the policies on buying or selling, specifics on mortgages, all the fees and costs involved, the paperwork that needs to be filed, and the details of foreclosures, there’s a lot that people have to learn in a short amount of time. For anyone who hasn’t been trained in the details of what goes on, it can be quite overwhelming when you want to buy or sell a house, or get into real estate investing.

Unfortunately, lots of people venture into the world of real estate without the right knowledge or connections they need, and instead of home buying being a wonderful, exciting experience, it’s overwhelming, frustrating, and a source of stress and confusion. So how do you keep your sanity while navigating the real estate industry?

The biggest help you can find in real estate is an agent. They are trained in buying and selling homes, and continue to learn throughout their career to make sure they know everything there is to know about how to make your home buying experience a smooth one.

Not only can real estate professionals answer your questions about homes, but the connections they have with other real estate agents can help them find the perfect home for you without simply driving around looking at house after house after house.

Real estate agents have access to the MLS, a service that gives information about houses on the market, so with your real estate agent, you can narrow down your search to what you want in a home before you take tours of the houses, so when you do go look at them, you’ll be sure to only look at the kinds of homes you know you’re interested in.

And with the networking that real estate agents have with other agents, you may be able to find out about homes before they’re officially listed, giving you the ability to choose from a larger pool of homes as you look for the perfect place.

Finding a home is an involved process, and one that shouldn’t be done on your own. Fortunately, there is help available. Real estate professionals can help make your experience a good one. They’ll be able to answer your questions and use their resources to find the perfect home for you.

Different Kinds of ‘We Buy Houses’ Real Estate Investors

Now let’s get one thing straight right out the door, the majority of the time when you see an ad that states’ We Buy Houses’ it is rare that the person or company who placed the ad will actually acquire your property. Most of the times your phone number and call conversation is recorded, stored and marketed to 10’s or hundreds of other individuals looking to get a great deal. This is what transpires when you interact with a marketing or list building company. Once you place your first call people will continue to call you on a daily or weekly basis for months or years afterwards, even when you sell your property. You’re going to want to avoid this outfit or if you call them, use a throw away number.

The next variety of entity is what we’re going to call a middleman. These are typically individuals that have recently attended a boot camp, class or seminar about getting rich in Real Estate. In many cases these individuals conduct business for anywhere from two to four months and then completely stop without ever actually helping anyone. You can typically spot these individuals with their hand produced bandit signs on the side of the road, cheap posted flyers or vista-print business cards. Their advertisements vary in verbiage from ‘I BUY HOUSES’ to ‘Sell Your House Fast for Cash.’ If you contact this individual you’ll notice that they sound nervous, unsure of themselves, and completely ignorant about everything that relates to purchasing property. If you end up working with this person ninety nine times out of 100 times you will find yourself losing time and not even signing a contract. In this particular business especially, if you are facing pre-foreclosure, time is essential and you must work with someone who understands what they’re doing. What they are trying to accomplish is write up a contract for the property and resell the contract before they close on the deal. There are very few people who are available in the marketplace who know how to do this successfully. You can tell the novice from the experts by what they know and how confident they sound over the phone and when and if you meet them personally.

Next on the list are Real Estate Investment Trusts also called REITs or hedge funds. The chances that you will actually encounter this kind of group or anyone representing them are slim to none. They normally deal with experienced wholesalers and people who purchase property at a deep discount and re-sell to them very quickly. They normally pay anywhere from 85 to 100 percent of the actual value of the property in its as condition. These outfits are aiming to buy and hold for the long term. You would probably be best off dealing with this entity because they purchase with all cash, are very easy to deal with and are serious buyers. Unfortunately, it is extremely difficult to find them and you’ll need to rely on the people who actually market for purchasing services in order to gain from their activities.

In addition to everything that I have listed above we’re now going to visit construction companies or real estate development companies. Depending upon the market these individuals can pay a premium for your property but in most cases it would be greatly discounted. They are primarily interested in property that ought to be completely renovated, lots that have the potential for development, or properties that will need to be obliterated. These Real Estate construction companies are easy to deal with but they’re also in the business to make money and will never offer the full retail value of your property. These entities are also difficult to find but they’re not as difficult to find at the mutual fund.

Lastly, we’ve got individual cash buyers. Some individual cash buyers like to market for properties and will actually purchase a property cash but it needs to make good sense for them as many find themselves in the business to generate profits as well. There are others who are people who simply want to buy a property for themselves and their families and have the cash to perform it. It is rare to find someone such as this but when they do come along and offer something for your property it’s best to take them seriously. When you were speaking with an individual cash buyer you will know because the same person you speak with is the a same person who will see the home and buy the house from you. This would be an ideal situation and you ought to learn how to spot these individual cash buyers.

Best Way To Sell My House – Real Estate Agent, FSBO or Local Home Buyer?

There are a number of ways to sell a house. Listing a house with a real estate agent. Selling a house for sale by owner (FSBO), or selling a house to a real estate investor are all house selling options. Which one is right for you? When you decide to sell your house you should not rule out any of the three major selling options. What you should do is figure out which selling option is best for your selling situation. Every selling situation is different and so are your selling options.

Lets take a quick look at each selling option and see how you can determine the best way to sell your house.

Listing your house with a real estate agent:

A home seller should consider selling their house with a real estate agent if they are in the following situations. I do not need my house to sell fast. I can wait for my house to sell on the open market while I live in it. My house is in excellent condition and does not need any repairs. My house is ready to be put on the market, it has natural interior and exterior paint colors, and has great curb appeal. I am in no financial hardship that requires me to sell my house. I am happy living in my house no matter how long it takes to sell.

Selling your house for sale by owner (FSBO):

A home seller should consider selling their house for sale by owner if they are in the following situations. I am knowledgeable about real estate. I am willing to sacrifice my time and put lots of effort into selling my house as long as I do not have to pay a real estate agent. I have money to market my property so I can get it sold. My house does not need any repairs and is not a fixer upper. I do not need to sell my house right away.

Selling your house to a local real estate investor:

A home seller should consider selling their house to a local real estate investor if they are in the following situations. I need to sell my house fast. I need to sell my house to stop the foreclosure process. I can not afford my mortgage payments. My house needs repairs and I can not afford to fix it up. I have just been relocated by my job and I need to sell my house. We inherited a house from a family member and we would like to sell it. I am tired of being a landlord and want to cash out of my investment. I am going through a divorce and need to sell my house now.

As you can see there are definitely times when you should list your house, sell your house FSBO, and sell your house to a local real estate investor. If you are in a situation where you need to sell your house quickly, your best option is to sell it to your local home buyer. They will take care of all the paperwork, purchase your home quickly and you can move on with your life.