Finding A Good Real Estate Agent


Houses Bought As-Is for ALL CASH! Fast Closings!

Buying real estate property involves a series of steps which, conceivably could induce a plurality of different thoughts. Among the many thoughts a prospective home buyer or home seller might entertain, is to do the transaction without the use of services provided by a real estate agent. Most people who buy or sell a home generally think that a real estate agent is a waste of money. Those who choose to buy a new home, think that real estate agents only add to the cost of the home selling / home selling transaction.

What most people aren’t aware of, however, is that while real estate agents are paid by the seller, services provided benefit the buyer in ways that neither buyer or seller may be aware of. Benefits to the seller are common knowledge; they include promoting and advertising the property, qualifying prospective buyers, sharing information about the property with other brokers (via MLS), arranging mortgage financing for the buyer (in many cases), and helping to get the property priced competitively to affect a fast sale.

A real estate broker also provide a number of services to the home buyer, some of which were done on behalf of the client home seller. For example, a real estate broker is usually able to pre-qualify buyer and help the buyer to make preparations for home buying; but one of the most important services a broker provides to the prospective buyer is having the property reasonably priced, which was done – in most cases – far in advance of meeting that buyer.

Most importantly, the buyer gets to work with a professional real estate agent without really having to pay for the services provided by that broker. Policies can vary greatly from state to state and company to company, which is why you should always check any paperwork or contracts that are provided to you to ensure this is the case. When you are interviewing agents, make certain to ask about any type of fees expected from the buyer as well.

A lot of real estate agents out there may work with both buyers and sellers, although most specialize in working with either the buyer or the seller. If you are buying a home, and choose to hire a buyer’s broker to represent your interests, make sure the agent you choose has prior experience of working with buyers in all types of transactions. This way, you can count on your agent to be there when you need him/her the most.

If you are interviewing a real estate agent and s/he isn’t familiar with down payment assistance programs, you shouldn’t hire the agency. Agents who are not familiar with these types of mortgage programs generally aren’t on the level, or they may lack the experience necessary to help you purchase the home of your dreams.

You can also make a list of real estate agents that you can interview based on referrals from friends, lenders, and even family. Lender referrals are normally a great choice as most lenders have worked with their recommendations in the past and both are already familiar with each other. Choosing a lender referred agent can also prevent you from encountering any obstacles or surprises.

When you interview a real estate agent, make sure that you have the agent explain his fees. This way, you’ll know exactly how much he will be getting from the purchase. You should also find out how much experience he has in the field, and how long he has been working with real estate.

You can also ask about sample contracts as well. If you are buying a home, you should make sure that the agent works with buyers. If you happen to be selling your home, then you’ll want to make sure that the agent works with sellers. Agents that are dedicated to one or the other are usually the best to choose, as they will have be more in your corner than agents who work with both buyers and sellers.

Finding a real estate agent is an easy task, providing you know what to look for. If you take things one step at a time and carefully make a decision, chances are that you’ll end up with an agent who has the experience you want. You should always be careful when you choose, and never rush the process.


Real estate agents are easy to find, although finding one who fits your needs and has your expected budget is a little tougher to locate. When you make that final decision, you should always choose an agent who puts your your best interest ahead of the agency’s.

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Cheap Real Estate Property Is Hard to Find


When it comes to real estate in the post-subprime era, it’s really hard to find a cheap property, or even to identify one. Cheap property, including one-to-four family residential homes were very prevalent during the early part of the 1980s. They were ideal for people on a budget; and to give real estate agents a chance to do more business.

Agents could make a better impression on their buying customers by showing them how to buy a home at a low price, do some rehab work on it using the 203k rehab mortgage loan, and resell it at a higher price. Making money with real estate was much easier then – no matter how you approached it. Finding cheap property today is a totally different story.

Between 1987 and 2007 the price of real estate property increased by over 300 percent according to a Property Price Index chart I found on the Steadfast Finance website. While this post is not intended to be scientific in nature, it is necessary to use facts and figures to back up the main idea that, due to the balooning of home prices over the 20 year period mentioned, and the subequent crash, it is tough to find a cheap property which doesn’t have a mortgage that dwarfs its value.

There is not much room left to build equity for the foreseeable future without a dramatic rebound of real estate market prices, and I don’t see that happening anytime soon. However, there may be some instances where you may find cheap property throughout the United States, but the market areas – some being better than others – in which they are located will most likely be depressed, thus removing the motivation that would otherwise exist for you to purchase it.

Let’s face it, most towns/neighborhoods that offer the cheapest properties would normally be economically depressed in most categories. Even those areas that are considered middle class by the traditional definition suffered a great loss of property wealth and has none to offer you as an investor looking to turn a quick profit, or home buyer who is looking to build equity.

There is some indication that property values show signs of increasing but that increase in value, providing it is real and consistent will go towards leveling off the property owners’ existing underwater situations. It does not help prospective buyers simply because the property owners are unable to sell until they are able to satisfy their lenders from sale proceeds. It is unreasonable to assume that a property owner is willing to dig into his/her own pocket simply to make a sale to anyone and walk away that much poorer.

You may be thinking; well if all this is true, how will investors be able to stay in business? The answer to this question is rental income! Some investors buy to resell while others buy to rent. Short term versus long term investments; And you can safely assume that when the buy/sell market is tough, most of them will put their money into rental properties.

Keep in mind that when the market is tough for investors, it is similarly tough for home buyers to get reasonably priced homes to buy and mortgage money to finance them, so many of them become new tenants for the long term investors.

If you are in search of cheap real estate property in today’s (July 2012) market, you might get lucky and find that proverbial need-in-a-haystack property that is either free-and-clear or has a very low mortgage balance, where the owner has passed away and the estate is forced to sell…

Or a free-and-clear/low-mortgage-balance property that is in disrepair and perhaps uninhabitable without major rehabilitation and you have the means with which to purchase, repair and resell. However, you might have to look long and hard, so be prepared for the long haul.


If you have been in the market to buy a home for your own personal use, or you are an investor looking to buy cheap, repair and resell; I would be interested in learning about your recent experiences. If you have had some good luck and found the ideal property for your purposes, or you’ve had the worse time trying to find a property you can work with; tell me about your experience in the comment box. Good luck!