Page 50 - The ultimate homebuyers guide - preview
P. 50

The Latest Home Buying Guide




        In addition to the qualities that you look for in a mortgage broker,
        your realtor must also be certified, have a very good knowledge of
        the industry, patience to ensure that you get the home of your
        choice,  have  a  thorough  understanding  of  the  local  real  estate
        market, and the skill to negotiate.  Here are some questions to ask
        your realtor before putting him/her on your team:

            1.  What is your experience with residential real estate?

            2.  How many buyers did you work with last year?


            3.  What type of qualifications, certifications or designations
                do you have?


            4.  Do you normally work with buyers and sellers in a transac-
                tion?

            5.  What is your average difference between your initial offers
                and your final selling price?

            6.  Why should I include you on my team?


        Real estate attorney (optional)
        In  some  states  it  is  mandatory  to  have  a  real  estate  attorney
        present  at  the  closing.    These  include:  Alabama,  Connecticut,
        Delaware, District of Columbia, Florida, Georgia, Kansas, Kentucky,
        Maine,  Maryland,  Massachusetts,  Mississippi,  New  Hampshire,
        New Jersey, New York, North Dakota, Pennsylvania, Rhode Island,
        South Carolina, Vermont, Virginia, and West Virginia.  These attor-
        neys only represent the lender though.  You will need to hire an
        attorney for yourself, if you think you need one.


        Home inspector
        This person inspects the structure and mechanical systems of the



                                       50
   45   46   47   48   49   50   51   52   53   54   55