You’ve decided it’s time to start a new journey in your life and look for a new home in the Kingwood area. You ask yourself, “How do I get started?”, “What do I do first?”, “Do I call a Kingwood realtor?”, “How much do I pay a realtor?”, “Should I call a lender?”. You can get anxiety even before you get started.
Take it down a notch and call a Realtor in the market area that you’d like to live. If the Northeast Houston area is in your plans, a Kingwood Realtor knows the market and can help smooth out the process.
What To Expect From A Kingwood Realtor When Buying A Home
Finding and buying a home probably involves more steps than most buyers realize. A buyer’s agent (representative) can be very resourceful and has tools to help with the home buying process.
Let’s look at the Buyer’s Agent Definition:
“A real estate agent who represents only the buyer of a property in a real estate transaction. This type of agent agrees to exclusively represent the best interest of the buyer, usually under a formal contract.”
Texas law requires all brokers and sales agents to provide information about brokerage services (IABS Form) to prospective buyers, tenants, sellers, and landlords. This ensures that consumers can better understand how a broker or agent can represent them. It’s a form that is promulgated by TREC (Texas Real Estate Commission) and is mandatory to be given to consumers. Expect this to be given to you by a licensed real estate agent.
Yes, a Realtor would like to enter into an agreement with you as your buyer’s agent. With a Buyer Representation Agreement, you can expect your agent to be loyal to you, put your interests above anyone else including their own, and negotiate on your behalf. You will receive a higher level of service and avoid misunderstandings.
And then there is, of course, the big question…”How much do I pay a real estate agent that represents me when buying a home?” Nothing. The broker’s fee comes from the seller’s side.
You can expect many different roles of a Realtor® when you decide to hire one. The agents I know and personally have worked with here in Kingwood are some of the finest around. Kingwood real estate agents know the areas of Kingwood, Humble, Atascocita, Porter and surrounding areas. You can expect a great agent to fulfill their fiduciary duties, be your advocate, direct you in the right direction with financing, listen to your needs, have all tools available to help you find your home, help with inspectors and contractors, have contract knowledge and always stay in communication. Whether you are a veteran home buyer or a first time home buyer looking to purchase a home in the Kingwood, Humble, Atascocita areas, find a Kingwood Realtor that will work for you.
Your Realtor® Can Help Arrange Financing:
The first thing you want to do before looking at homes is get your financing straight and know how much you can afford on a new home. A Kingwood Realtor can give you a list of credible mortgage companies to choose from.
- Assist in locating a lender for a mortgage loan to get prequalified or preapproved
- Assist in comparing different financing options
- Help examine how much you can afford and how much you want to spend
Your Realtor® Has All The Tools To Help You Find Your Home:
Now that you’ve discussed your financing options with a lender and have a prequalified or preapproval letter showing how much the bank is willing to loan you, it’s time to find your home. You can absolutely find a home on the internet, but you will need an agent to get you into that home.
- Can provide information detailing current market conditions
- Has direct access to accurate information in the MLS (Multiple Listing Service)
- Ability to coordinate and show homes that are on the market
Your Realtor® Can Write And Negotiate Contracts:
Real estate agents take on a fiduciary responsibility when they are hired. This means you have an expert agent who is looking out for your best financial interest. Realtors® are required to follow a strict Code of Ethics and are obligated to preserve confidential information provided by their clients.
- Explains the contracts properly
- Be your advocate
- Negotiate the price on your behalf with the listing agent
Your Realtor® Keeps Up Communication:
Communication is always key. Your Realtor should be in communication with you, your title company, your lender, and the listing agent through the entire process.
- Stays in touch with the title company and lender making sure all parties have everything they need to stay on target for closing.
- Communicates with the buyer making sure the process is running smoothly
- Schedules the closing