Step 1 to Buying a home: Find a Realtor

Buying

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Most people start their home buying search by looking at sites such as Realtor.com, Zillow or Trulia.  That’s completely fine and understandable, but step 1 to buying a home should be to hire a Realtor to represent you as a Buyers Agent. 

Searching online at Realtor.com, Zillow, Trulia, etc. on your own takes a LOT of time.  A Realtor can set you up for automatic search via the MLS (Multiple Listing System).  This means that each day (or how often you want to receive the search results) you’ll be emailed a list of all new properties matching your criteria or price reductions which now put a property in your budget.  This is a HUGE time saver.  And if you’re in a market, like Anne Arundel, where great properties sell in a matter of days, it can be an enormous advantage to be able to get in and to see a property within a day or two of it going on the market. 

So, how do you find and pick a Realtor? Well, hopefully you’ll contact me at 410-980-5732 or email me at melanie.wood@cbmove.com, so we can meet in person and see if we would be a good fit together.  Remember, not all Realtors are right for all people. You need to find someone who is not only great at his or her job, but someone you like and trust, as you’re going to be spending a lot of time with that person.  So get together and have coffee and chat.   If so, you need to determine if that person has the experience, customer service and understanding of the market that you’re looking for.  Start out by noticing how quickly the Realtor responds to your initial phone call or email.  If the Realtor doesn’t get back to you same day or within a maximum of 24 hours, that’s a bad sign.  This business moves fast and deals can be lost if your Realtor doesn’t respond quickly on your behalf during negotiations. 

Second, interview the Realtor by asking them very specific questions. Realtor (click here). For the Answers, click here. Go over the CMA (click here for tips on reading a CMA)

Third, expect to sign a  buyer representation agreement. Legally before you disclose confidential information to your Realtor, you should have a signed buyer representation agreement.  That helps to insure that your Realtor will keep private information confidential. You may ask why  should I use a buyers agent.  As an Accredited Buyers Agent, I cannot stress enough how important it is for you to understand whom the agent is representing, the seller or buyer.  This is why I recommend that my buyers not speak with agents holding Open Houses to minimize details they disclose which may be used against them in a negotiation. Click here for What are a Buyers Agent's responsibilities. 

If you have any questions, please let me know.