A Free-Reprint Article Written by: Darrell Self
Article Title:
Saving Time and Money Working with a Real Estate Buyer's Agent
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Article Description:
Consumers interested in residential real estate too often
make the mistake of answering a "homes for sale" ad rather
than carefully hiring a buyer's agent to protect their
interests and to help them make the best purchase for their
needs, tastes, and finances.
Additional Article Information:
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926 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2010-05-06 14:00:00
Written By: Darrell Self
Copyright: 2010
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Saving Time and Money Working with a Real Estate Buyer's Agent
Copyright (c) 2010 Darrell Self
DMD Realty
http://dmdrealtydfw.com/
In residential real estate transactions, sellers commonly take
pains to interview and to select a Realtor.
They will talk to friends, get referrals, ask for references, and
generally interview prospects. Buyers, on the other hand, tend to
just respond to an ad, as if "University Park homes for sale"
tells them anything they need to know about the professional with
whom they will be doing business. By the way, University Park is
a leading suburb surrounding Southern Methodist University in
Dallas, Texas.
What Real Estate Homes For Sale Ads Don't Tell You
Let's continue this example ... that advertisement for homes for
sale in University Park, will most likely contain a nice set of
photos, a brief summary of the property's major amenities, and a
stated asking price.
Certainly, those things are important and "eye catching" in
making a buyer want to actually see the listing. There are many
important things, however, to which that ad copy does not speak
about the actual Realtor you would be working with, including
the:
- education and training,
- market experience,
- professional focus,
- ethics practices,
- and area knowledge
If all you do as a buyer is answer an ad, you are going into an
important and potentially expensive transaction essentially
blind. The situation is made even more complex if the buyer is
relocating to Dallas from another part of the country.
The Most Successful Transactions Involve Two Agents
The most successful real estate transactions are those in which
each side is represented by its own professional: the listing
agent for the seller and the buyer's agent for the buyer. That
way, each side has its own professional representing their
interest.
The listing agent is interested in selling you their client's
house. Let me repeat that part: their client's house. The
buyer's agent will go farther in helping the consumer to
understand the implications of buying a particular property. The
buyer's agent has much ore incentive to point out both pros and
cons of a particular property.
If they are a good agent, they're interested in the long-term
interests of their client. Thinking long-term is the way to build
a real estate business and generate referrals from satisfied and
grateful clients.
Buying a piece of residential property is likely the largest
purchase most individuals will ever make in their lives. It means
buying not just a home, but buying into the community in which
that home is situated. A decision of that magnitude deserves --
in fact, cries out for -- the highest level of professional
expertise and consultation at your disposal.
Buyer's Agents Work On Your Behalf
Buyer's agents protect the broader interests of their clients by
helping them to understand:
- current market values,
- long-term investment potential,
- the implications of relocation,
- and, perhaps most importantly, the nuances of location, both in
the immediate neighborhood adjacent to the property and in the
broader surrounding community.
That University Park real estate ad, for instance, will not tell
the buyer they are considering moving to:
- the top suburb in Dallas/Fort Worth according to D Magazine in
2002, 2004, and 2008,
- an area served by the seven campuses of the Highland Park
Independent School District, all with "Exemplary" ratings from
the Texas Department of Education,
- neighborhoods situated five miles from downtown Dallas that are
highly regarded for quality of life issues,
- or that University Park houses carry a relatively low tax rate
when weighted against some of the highest long-term property
values in the city.
You most certainly care how many bedrooms and bathrooms the house
has, but you care as much or more about the value of your
investment and the quality of life you and your family will enjoy
in and around your new home.
Realtors Are The Licensed Professionals
This deeper level of purchase consultation comes out of
confidential discussions with a real estate professional who
seeks to meet the client's:
- needs,
- tastes,
- and budget.
While the vast majority of Realtors sometimes work with buyers or
sellers, most have a specialty. For the buyer, the question
becomes a simple matter of:
- Do I want to work exclusively with someone who is trying to
sell me something?
Or...
- Do I want to work with someone who is going to help me buy the
property that best matches my personal situation?
Consumers interested in buying a home should exercise the same
degree of care in selecting a Realtor they would apply to the
search for any other professional.
Find a knowledgeable member of the real estate profession who
will protect your interests and those of your family and who will
help you to spend your money wisely and well.
Qualities To Look For In A Realtor
You want a Realtor who:
- fully understands both sides of the transaction process,
- does not engage in high pressure tactics over supplying real,
useful information,
- actively assists clients in researching ALL available listings
that meet buyer criteria,
- and who will inform you about the long-term implications of
properties in which you are interested. If you are going to
relocate to Dallas, you also need an agent who understands the
special needs of those relocating to Texas.
Finally, buyers want and need a Realtor with excellent
communications skills who is easily reached at any point in the
search for or purchase of a property. A buyer's agent is not a
luxury in the search for "real estate for sale in University
Park," that professional is a necessity.
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If you're buying or leasing a home in Dallas | Fort Worth Texas
(DFW), Darrell Self can help you. Are you searching for
University Park real estate? If so, find properties here:
http://dmdrealtydfw.com/university-park-homes-for-sale/
Are you relocating to Dallas? Then, visit
http://dmdrealtydfw.com/ and browse ALL the homes for sale (and
ALL the lease homes) listed in the MLS ... no registration
required.
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