It's always a good market in real estate when you know what you're doing. Structuring transactions, arranging financing and finding the right buyers are some of the keys to success. There are few entities that know as much about the trends in today's market as your local real estate agent or broker.
Real estate has become a very complicated business. Selling (or buying) a home can be one of the most important financial transactions in your life. That's why it pays to work with a professional who specializes in this field -- a licensed real estate agent or broker.
Becoming a licensed agent or broker requires thorough training and examination. Real estate professionals: The State of Minnesota requires continuing education in real estate for license renewal. These specialists are compensated on their ability to sell properties quickly and cost-efficiently.
A vital part of any sale is title insurance. Lenders usually require a loan policy to protect their interests, and buyers need an owner's policy to protect their interests. Be sure to ask your agent or broker for protection from Lawyers Title. Your title insurance policy will be backed up by the resources of a National Title Insurance Underwriter. Lawyers Title is an agent for First American Title Insurance Company and Old Republic National Title Insurance Company. Your Lawyers Title closing agent is an integral part of your agent's or broker's closing team.
For most of us, a home is the single biggest purchase in our lives. Finding the right home is no easy undertaking. Just as you wouldn't buy a car, computer or camcorder without doing some research into various models and prices, you shouldn't consider purchasing a home without some expert advice and guidance. Though some people may think of using the services of a real estate professional only when selling their homes, a real estate professional can be invaluable when buying a home as well.
For instance, a real estate professional can help you determine how much home you can afford based on your financial situation, help you get prequalified for a loan, and even inform you about available financing options. A real estate professional can provide detailed information about schools, transportation, local taxes and community characteristics. Using a real estate professional also means gaining access to homes listed in Multiple Listing Service (MLS), an important marketing tool used by real estate professionals to inform other real estate professionals about available properties. In Short, real estate professionals can give you information about a wide range of available homes from which to choose. When it comes to finding out if you're paying too much, a real estate professional can provide you with market analyses comparing asking and selling prices of homes in the neighborhood. Finally, a real estate professional can serve as the liaison between you and the seller, bringing to the table negotiating expertise and knowledge about required disclosures and the housing market.
Like finding any good professional, the best way to locate a real estate professional is through recommendations from friends or those who have bought or sold homes recently. Ask for references and check each thoroughly. Also, interview several real estate professionals before you make your final decision.
It's important to find a professional who is a REALTOR®. Why? A REALTOR® is someone who, as a member of the local, state, and national trade associations, adheres to a strict code of ethics. Recently, the National Association of REALTORS® commissioned a nationwide survey to determine whether real estate professionals were doing their job professionally. The results were impressive: 97 percent of respondents indicated they received "excellent" or "very good" service from their REALTOR®.