Helps Hundreds Avoid
Did you know that 50% of licensed real estate agents in the United States sell 3 homes or less a year. Of that number more than half close zero or 1 home a year. Would they qualify to help you? If you had a choice, would you choose them or a professional REALTOR that sells 3 or more homes a month? The decision could be the difference not only in dollars but whether the home buying experience is pleasant or a living nightmare.
Now we have established the difference between productive REALTORS and those that are just out to make a quick buck. There is another important term you need to understand and that is REALTOR, a trademark term. You see all REALTORS are real estate agents, but not all real estate agents are REALTORS. A REALTOR belongs to National, State and Local Associations and agrees to abide and be bound by a strict code of ethics. This code sets an elevated standard of practice of how we treat each other, buyers and sellers. If you have a choice, do you choose someone that has agreed to a higher standard of practice and ethics or operates with minimum no standard in place?
Finally we need to look at great REALTORS and if that is enough and again the answer is no. Most REALTORS that excell at their profession have a specialty and why is that important for you. Almost any top REALTOR will be able to take you through the home buying process, but a REALTOR that specializes in first time homebuyers is going to be up to date on special financing, first time homebuyer programs and grants. They will more than likely have lenders that specialize in first time buyers as well with all of the incentives that you can benefit from. This little peice of advice can literally save you thousands.
To help, here are a few questions to ask:
1. What percentage of sales are 1st time homebuyers?
look for 33%+
2. What makes you different and why should I work with you?
3. What is your companies track record and reputation in the market place?
4. How many home buyers are you currently working with?
5. Do you have a reference list of clients I could contact?
6. What happens if I am not happy with the job you are doing, can I cancel my buyer contract?
This information is a good start but as a Maryland First Time Home Buyer you must do your due dilligence. Buying a home should be fun. If you do your homework and find the right REALTOR to be your advocate, it more than likely will be.
Thank you for interest, happy home hunting.
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