Why Hire A Real Estate Agent?
Lingows Admin • December 14, 2020
Why Hire A Real Estate Agent?
Considering the availability of information on the web, you may be wondering the need of hiring a real estate agent. Below are some of the key reasons for hiring a professional real estate agent:
- Hire a specialist
- The act of hiring a specialist goes a long way! Have you ever tried to do a plumbing project on your own? It’s hard, and unforseen things may arise. The same goes for real estate. Hiring a professional ensures that the process goes smooth with or without issues that may come up throughout the process. They also understand that market to help guide you into the best possible situation.
- Understanding the local market
- Most agents are bent on equipping themselves with useful information on the ins and outs of particular neighborhoods. They do this to aid them to easily compare prices while they present their evidence to you.
- Information for Market Conditions
- Most real estate agents reveal market situations, which governs the buying and or selling process. This information is vital upon financial decision-making process, and could save you thousands.
- Professional Networking
- Most agents have a team or other professionals who provide services that will warrant you to either buy or sell. They want your deal to go smooth, and may recommend 3rd parties that they’ve worked with in the past to make sure you are taken care of.
- Skills of Negotiation
- Top producing agents are masters of negotiations simply because of their ability to stay clear emotionally to deals. This is largely due to their skill set. Agents are not only charged with delivering offers to sellers and buyers but are rather highly skilled professionals charged with presenting their client’s terms with confidentiality of information against competitors.
- What Next After Closing The Sale
- Your real estate agent is your advocate on anything to do with your home. After you close, you can always contact them for advice on anything that may come up throughout your home life.
We are always here to help you! Please reach out with any questions that may come up!
After we determine that a refinance will be beneficial for you, we start the application. Much like your original mortgage application, this one collects general information and asks for documentation of your income and assets.
Whether you still thinking of getting into the rental property business or you’re just closing on your 50th investment property, you still have several decisions to make relating to how you will manage all your investments. This is usually among the biggest, toughest decisions a landlord is faced with whether they should hire a property management company. Most landlords are seen managing their investment properties all by themselves or by the help of a single employee, known as a resident manager.
A very important and required step in the reverse mortgage process is independent counseling. Prior to application, all reverse mortgage applicants must receive independent counseling. This is a step that is in place for your protection and is required by law.
Do you remember the story: The Little Boy Who Cried Wolf? I have to admit – sometimes I feel as if some of my clients view me as the little boy from the story when I’m repeatedly and passionately asking them to prepare early for the mortgage process ahead. I’m sending this email to explain how this preparation can make a tremendous difference. Please read on.
Realistically speaking – how long do you plan on living in the home you’re hoping to purchase? More times than not, my clients tell me they’re planning on living in their home forever. However, most real estate professionals I’ve spoken to on this topic suggest that the typical family’s home needs change approximately every five to seven years. This statistic might surprise you – it certainly surprised me!
Realistically speaking – how long do you plan on living in the home you’re hoping to purchase? More times than not, my clients tell me they’re planning on living in their home forever. However, most real estate professionals I’ve spoken to on this topic suggest that the typical family’s home needs change approximately every five to seven years. This statistic might surprise you – it certainly surprised me!
In the reverse mortgage process it is very common for questions to arise that are similar in nature from one customer to another. Below I have listed some of the frequently asked questions that we receive and some factual responses for your information.
Have you taken advantage of the great rates available on Temporary High Balance or Agency Jumbo loans? If not, you may need to do so sooner rather than later. With these loans, Fannie Mae and Freddie Mac are authorized to purchase mortgages that are up to 125% of certain high-cost areas’ median home values, not to exceed a preset limit. Implemented as part of the 2008 stimulus package, these loan offerings were intended as a temporary measure. They have already been extended once, and limits have been reduced.
Most mortgage loan programs require a property to be in sound condition with no structural defects or required repairs. Not the 203k. It’s made for homes needing anything from light spruce up to major repairs, improvements or new additions. Combine Purchase and Improvements The 203k loan covers your purchase price and the cost of improvements. The proposed work must be supported by a “value upon completion” appraisal. You can save by financing renovation costs into the original mortgage rather than racking up credit card bills or dipping into reserve savings later.
Home Equity Line of Credit
Once upon a time, HELOCs were promoted as a great way to shop for life’s luxuries. New cars, vacations, furniture—you name it, and a HELOC could likely help you buy it.
