The Butcher, The Baker, and the Candlestick Maker –
in the World of Real Estate
Whether you’re buying or selling your first home or your tenth, a real estate transaction is a complex, convoluted ordeal. Your real estate agent is the one person who will be at the center of everything going on.
The process of buying or selling will seem like it is dragging on forever, and in the next instance be moving at warp speed. This is why having the necessary things in place is so critically important, especially for the home buyers.
Most homebuyers start the process by looking for a home on-line or by visiting open houses. Those are OK approaches; however, the problem is that if they find a house they would like to make an offer, they are instantly trying to find an agent or worse, they simply sign-on with the first licensed agent who passes the mirror test. Or even worse yet, they sign on with the listing agent who is contractually obligated to represent the best interests of the seller.
At the same time, the buyers are frantically looking for a mortgage officer who will put together a package they can afford and be approved for. All the time other potential buyers are looking at the same house and may want to buy it. There is a saying in real estate: The house you looked at today, and want to think about until tomorrow, may be the same house someone looked at yesterday, and wanted to think about until today.
When buying or selling real estate, you don’t just have a real estate agent, you have the butcher, the baker and the candlestick maker -you will need a whole team to get you to the closing table. Having at least the beginnings of that team is critical.
To start, it’s a good idea to select a REALTOR® with whom you feel comfortable and can communicate with. The number one complaint that clients have about their real estate agent is communication. The number one complaint that agents have about clients – you guessed it – communication.
Next you need to have a mortgage officer who can put together a mortgage that works for you. Shop around for a mortgage just as you did for the real estate agent.
To round out the team, you will most likely need a home inspector, appraiser (mortgage company selects the appraiser), moving company , etc. A good REALTOR® will be able to help you fulfill your team as needed.
If you are thinking of buying or selling, talk to a real estate professional – talk to a REALTOR® who can give you the information you need to make an informed decision.
As always, if I can help with any of your real estate needs, please feel free to text or call me at 301-712-8808 or email me at RolandLow1@gmail.com.
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