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Buyer's Resources > Planning > Selecting > Buying Using a Realtor
A real estate professional assists and facilitates a real estate transaction. The REALTORŪ becomes a vital team member in the home acquisition process. The team also may consist of the escrow officer/ title representative, lawyer, lender, appraiser and property inspector.
The responsibilities of a REALTORŪ consist of more than unlocking a door or writing an offer. The real estate professional screens applicants, provides a wider range of exposure and pays expert attention to the details involved in the sale of the property. A REALTORŪ will either have the answers to your questions or know where to get them.
A real estate professional will also:
Work within the specific requirements of the buyer and provide information about growth/ appreciation potential in the buyer's desired area.
Negotiate the best price for the property with access to detailed information about the homes available in the market.
Refer buyers to high-quality industry vendors who can provide useful information about the property you are about to purchase.
Ensure the transaction goes smoothly.
Not every Real Estate professional is a REALTORŪ.
A REALTORŪ is a member of the NATIONAL ASSOCIATION OF REALTORSŪ, a real estate trade association, and all members agree to abide by a 17 article Code of Ethics. All real estate licensees are not the same. REALTORSŪ subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTORŪ again.
As a Buyer Agent, The Following Services Are Free to You
- Locate and show you the available properties that meet your needs.
- Help you find a lender that is a good fit for you.
- Provide a Comparative Market Analysis on the property you want to purchase so you do not offer too much.
- Review the good faith estimate provided by your lender.
- Prepare your offer to purchase.
- Submit your offer promptly.
- Consult with you regarding the counteroffer (if any).
- Ensure property inspections are completed.
- Confirm that negotiated corrections/repairs have been completed.
- Review HUD-1 settlement statement for accuracy.
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