How to Find a Good Real Estate Agent in Bend Oregon

June 13th, 2011 by maureen | No Comments | Filed in Agents
home and real estate agent

Choosing a good real estate agent in Bend Oregon can be a sticky proposition. There are currently a little over two thousand members of the Central Oregon Multiple Listing service. Out of these two thousand members there are approximately 1,500 active real estate agents. The rest are part time agents, real estate appraisers, lenders or others associated with the real estate business.

Oregon law recently changed however and agents are now called Brokers and Principle Brokers. Brokers are men and women who sell real estate for a Principle Broker who is responsible for their activities. The Principle Broker can also sell and list properties. For the purposes of this article we will call Brokers and Principal Brokers who actively sell and list homes “Agents.”

When searching for an agent to assist you in buying or selling a home it is a good idea to choose one that is a Certified Residential Specialist (CRS). There are over one million Realtors in business today. So if you want to find that one-in-a-million Realtor start with the over 37,000 that hold the Certified Residential Specialist Designation. CRS is the symbol of excellence in residential real estate.

You should also make sure your agent is a Realtor. Not all agents are Realtors. A Realtor is pledged to adhere to a strict code of ethics. Whether you are buying or selling a home, you can count on your Realtor to be honest with all parties in the transaction, not just you, as his or here client, but also with the other real estate practitioner and his or her clients.

For example, if Realtors represent a buyer with a spotty credit history, they can’t be dishonest with seller about this fact. At the same time, Realtors can help their buyer clients collect and assemble information, such as credit reports and audited tax returns, to demonstrate that the buyer has addressed the problem and improved their situation.

He or she will put your interests ahead of his or her interest at all times. He understand the needs of his or her client, thoroughly researches available inventory and shares all relevant information with the buyer so that he or she can make an informed decision. This service is provided regardless of the compensation available.

She or He will disclose all pertinent facts regarding the property and the transaction to both buyer and seller. If a Realtor believes information provided by a seller is questionable, the Realtor is obligated to investigate. Realtors should recommend that buyers consult their own experts, such as home inspectors, to address concerns.

For example, if a home seller asks his or her Realtor to conceal the fact that the roof leaks, the Realtor cannot comply. If the seller insists, the Realtor should end the business relationship with that seller.

He or she will be truthful in all communications with the public. When Realtors distribute newsletters, create Web sites, or place advertisements, they must be careful not to represent other real estate professionals’ work product as their own. If recently sold or listed properties in the community are publicized, it must be clear whether the Realtor was actually involved in the transaction or whether that data came from the local multiple listing service or other source. This ensures that the public understands the Realtor’s experience and they can make an informed decision when choosing real estate representation.

All Certified Residential Specialists are Realtors. So if you are looking for an agent in Bend Oregon or any place in the United States for that matter, you can search the internet with any browser for Certified Residential Specialist. Go to “Find a CRS” and fill in the city and state where you want to buy a home and need an agent.

You will then have a list with pictures, phone numbers and e-mail addresses of some of the best agents available. At this point it is good to contact the agent and ask him or here how long he or she has lived in the area you are going to be buying a home. You will be better served if you choose someone that has lived in the area for more than twenty years.

There are many factors to consider when choosing the agent you want to work with. Take your time and be sure the broker you choose is some you like and trust.

It is a buyer’s market in Bend Oregon today. It is a good time to buy a home. If you follow the steps outlined in this article you should find an ethical, experienced profession to help you find you new home and negotiate a good price.

Tags: , , , , , ,

Real Estate Agents Differ

June 10th, 2011 by maureen | No Comments | Filed in Agents
home and real estate agent

If you are thinking of buying a new home, you must be aware of the difference between seller agent, buyer agent and dual real estate agents. Using the wrong kind of agent could affect the financial wording of the deal and have material legal implications. Read on to arm yourself with an understanding of the difference and how to use it to your advantage when buying a home.

Real estate law has evolved to require that an agent list who they are representing. This is normally done in you first meeting with the agent through a formal disclosure document that you must sign that identifies whether the agent is representing the buyer or seller. A seller’s agents represent the seller. Most real estate agents believe it or not are seller’s agents. They may be friendly to you as a potential buyer, escort you around town to show you multiple homes and help you prepare an offer on a home. However, the agent is working for the seller and looking out for the interests of the seller. And vice versa, buyer’s real estate agent actually works for the buyer and have a fiduciary responsibility to look out for the interests of the buyer. There are also dual agents, but we’ll come back to that in a moment.

More often than not, this has nothing to do with who actually pays the agent. Why is this important? If you are the buyer, you should seek a good buyer agent because of the financial, legal and ethical implications. A seller’s agent has a fiduciary responsibility to the seller not to you as the buyer. This means during the negotiations a seller’s agent will be working for the seller. Here’s a real life case in point to help clarify. Suppose an agent discovers that the seller must relocate for a new job, has become highly motivated and is now willing to accept ,000 under the listed price. If the agent is a buyer’s agent he/she will be obligated and very likely excited to tell you this message. However, if the agent is the seller’s agent working for the seller – he/she does not have to convey this message to you and may not give away the data initially in an effort to get the higher offer from you.

Now, back to dual agents. Periodically your will find an agent that says they are operating in a dual role; meaning they are functioning as a buyer and seller agent. Be careful in this situation. As a buyer you may want to stay clear of a dual agent. Realistically, the dual agent is unable to fully negotiate the buyer’s interests without adversely affecting the seller and visa versa. There are some outstanding agents that can operate effectively in the dual role. However, as a buyer, you should understand the potential conflict. If you want the lowest price on a home, seek a outstanding buyer’s agent whose loyalties are aligned exclusively with you. You may be wondering who ultimately pays for a buyer’s agent. Normally the selling agent lists the property in the MLS (“multiple listing service”) and shares the commission with the agent who brings the buyer. Generally, the seller’s agent and the buyer’s agent split the real estate commission with fifty percent going to each agent. This means that although the buyer’s agent is working for you, the seller is funding the commissions to the buyer’s agent. At various times you may find a listing where the selling agent does not agree to share the commission with the agent who brings the buyer and in that case you would have to settle on who will pay for the buyer’s agent. Recognizing the financial, legal and ethical implications of buyer, seller and dual agents is important to you as a home purchaser. Prior to engaging in any real estate transaction as the home buyer, find yourself a good buyer’s agent with at least 10 years of experience in your market. They will have a fiduciary responisibility to act in your best interest and have the experience to help you negotiate the lowest price for the home.

Tags: , , ,

Choosing and Using your Real Estate Agent

June 9th, 2011 by maureen | No Comments | Filed in Agents
home and real estate agent

Statistics tell us that as many as 80% of all home buyers will start their search for a new home by browsing the Internet. The Internet is often used for browsing new properties, especially when there is distance involved.

While looking at the Internet gives a general feel for areas and prices, for obvious reasons, at some point you will need to involve a real estate agent. Local real estate agents know their areas and know about pending building plans, schools etc. Often on the Internet you can only see the actual property for sale.

Familiarity with the Internet is one of the key requirements to being a skillful real estate agent in today’s market. This skill not only speeds up the property finding, it also means that the computer can do the compilations for you, and you can get the perfect home without getting out of your chair!

One of the questions to ask a real estate agent is how familiar are they on the Internet? Make sure they can contact you by email and that they can turn up the MLS listings for you to look at. Sit with your real estate agent and get the virtual tour on a couple of homes. If you are not so familiar with the Internet yourself, you will soon realize how much time and legwork it can save you.

Often, real estate agents will actually state in their profiles that they are Internet proficient. This could mean that they may know more about market trends and economic indicators in the business world as well as having all the realty facts at their fingertips.

Many real estate agents take time out to attend special courses that upgrade their skills. These courses can cover anything from financial expertise to selling homes to seniors. When selecting a real estate agent ask if he has been on any extra curricula courses.

Check on the number of sales that the office has recorded in the last month or two and ask how many are his. Does he mind if you check on a couple of the ‘sold’ house owners and see how his references check out?

Can you judge his negotiating skills? Does he listen to what you actually ask? Ideally, you want to feel really comfortable with the fact that the real estate agent seems a person that will understand your choices and wishes.

If you want to save time, money and frustration, take the time to find a real estate agent that knows exactly what you want and who knows exactly where to find it on the Internet.

Tags: , , , ,

Are Real Estate Agents Worth Their Fee?

June 8th, 2011 by maureen | No Comments | Filed in Agents
home and real estate agent

There’s no doubt about it, people use real estate agents to sell and buy property all the time. On the other hand, some people, choose not to use a real estate agent and in turn, buy and sell their own properties. This often leaves many wondering if real estate agents are truly worth their fees. The answer is, “it depends on your lifestyle and the time in your life that the real estate transaction is completed.” That is, each person’s circumstances will dictate the answer to this mind-boggling question. We will now discuss this in further detail.

First, of all, let’s discuss why some people employ an agent. Many people employ an agent simply because they don’t have the time or the energy to sell the property themselves. Take me for instance, when I employed a real estate agent to sell my residential property, I was working a full time job, caring for children, my husband and my home. We were both very busy and simply didn’t have the time or the energy to take care of the details to get our property sold. We had too much going on and we simply needed to get the property sold quickly so that we wouldn’t loose out on our “dream home.” In this instance, conducting the entire deal ourselves simply would not have been a wise decision. Instead, we hired a professional real estate agent and we paid her 4% of the selling price. Although this may seem like a lot, it actually wasn’t. Our real estate agent closed the deal quickly and got us 10% more than we thought the property was worth. She really knew her stuff and we were smart to hire her.

Second, let’s discuss why some people might choose to conduct their own real estate transaction. There are many reasons but the most common is that they have the time and energy to handle the deal and they don’t want to share the profits with the agent. Let me use myself again as an example. Once I became an empty nester and started looking for additional income, I decided to play the real estate investing game by selling a piece of property that I already owned. As an empty nester, I listed the property in the paper, showed it, and handled contract negotiations. As a result, we received a nice offer for the sale and when it closed, we received a hefty profit due to the fact that we didn’t use an agent. In this case, an agent simply didn’t make good financial sense.

In conclusion, I’ve learned that real estate agents can be worth their fees however it depends on your personal situation. If you don’t have the time to sell or buy property yourself, for whatever reason, it pays to use an agent. If you have time and energy, then using an agent makes no sense at all. So, do what works for you and enjoy your profits – either way, you earned them!There’s no doubt about it, people use real estate agents to sell and buy property all the time. On the other hand, some people, choose not to use a real esate agent and in turn, buy and sell their own properties. This often leaves many wondering if real estate agents are truly worth their fees. The answer is, “it depends on your lifestyle and the time in your life that the real estate transaction is completed.” That is, each person’s circumstances will dictate the answer to this mind-boggling question. Let’s now discuss this in further detail.

For more information on real estate, visit http://www.acquisitionlocation.com/

Tags: , , , ,

All About Real Estate Agents

May 31st, 2011 by maureen | No Comments | Filed in Agents
home and real estate agent

Real Estate Agents…..

Who Are They…

Real estate agents are professionals instrumental in connecting the buyer with the seller.

Additionally, many real estate agents manage rentals wherein they introduce tenants to landlords and oversee the maintenance of the property on behalf of the landlords.

In most areas real estate agents are required to be highly educated, licensed and are regulated by a governing body.

Some real estate agents are also Realtors.

To use the title Realtor, a real estate agent must be a member of the National Association of Realtors which in addition to a number of other requirements, requires Realtors to adhere to a strict code of ethics and offers Realtors additional educational and designation opportunities.

Though not required by rule or law, it might be a wise decision to seek the services of a Realtor.

What Do They Do….

Real estate agents bring together two or more interested parties, perform those steps necessary to successfully conclude a transaction and charge a commission for their services.

For sales transactions, they charge commission to the seller while for rentals, commission is typically charged the landlord.

Real estate agents generally calculate their fee as a percentage of the selling price (in the case of a sale) and as part of the rent for rental units.

How Do They Do It…

People who want to sell or rent their property leave details of their property with the real estate agent.

Along with all property details the real estate agent will typically have keys to the house to facilitate showings.

The other interested party (i.e. the buyer/tenant), gets access to this information and to the property by contacting the real estate agent.

That’s how the real estate agent becomes a hub of information.

Contrary to some common misconceptions, real estate agents typically represent the seller or the buyer but rarely both.

Why Should I Use One…

First and foremost, to protect yourself. Real estate transactions are highly regulated, highly paper (document) intensive transactions.

The real estate agent possesses an in depth knowledge of the laws, rules, regulations, disclosures and documentation necessary to successfully complete the transaction to the satisfaction of the buyer, the seller and the law.

Because real estate agents are most familiar with local real estate market conditions, it is wise and makes sense to seek the advice of one to get an idea of the current trends and pricing for properties within that market.

A good real estate agent will know the prices (or price range) of various properties of different types and at various locations within the region.

Because of the real estate agent’s knowledge and expertise, property sellers often get a few thousand dollars more for their property.

Many home seekers, including seasoned real estate investors use the services of real estate agents to locate the best real estate bargains in the easiest and quickest manner.

Furthermore, the best agents analyze the wants and needs of a home buyer/tenant and provide valuable input as to the kinds of properties available to them within their budget. Therefore, a good real estate agent will not just present a list of available properties to the buyer/tenant but will actually discuss their needs and make suggestions.

The good real estate agent, working in this manner benefits in at least two ways…

First and most obviously, when the real estate agent is able to successfully complete the transaction the commission is earned and the real estate agent is paid…

and secondly, if they make the customer/client happy they earn a good reputation and often receive referrals (hence more business).

Worth Noting…

It is worth noting that there is a myth floating around that real estate agents only work on behalf of the seller, buyer beware.

This is not written in stone nor is it always the case. Real estate agents are, in most regions, highly regulated.

With few exceptions, real estate agents work either for the seller (as is the case with many listing agents) or for the buyer (as is the case for a buyer’s agent).

Additionally, some areas allow for dual agency where an agent can work for both the seller and the buyer or as a transaction broker where the agent represents the transaction itself and neither the seller nor buyer individually.

However, in the case of dual agency/transaction brokerage, note that rule, regulation (law) and ethics do not permit the agent to act in favor of either party while in detriment to the other.

If you are unsure of the relationship between you and your real estate agent, do not hesitate to ask.

Tags: , , ,

How a Philadelphia Real Estate Agent Can Help you Find a Great Home

May 28th, 2011 by maureen | No Comments | Filed in Agents
home and real estate agent

Moving to the City of Brotherly Love can be an exciting opportunity but also difficult to find the right home. A Philadelphia real estate agent can help you narrow down what type of neighborhood you would like to live in.

We have compiled a valuable website at www.localrealestateyellowpages.com to help find a quality Philadelphia real estate agent to help make your search for a residence enjoyable. With over 1.6 million residents, Philadelphia offers its citizens an amazing array of cultural and educational opportunities.

To gain the most out of your life in this city, the use of a Philadelphia real estate agent will help answer any questions you may have. There are many questions you need to ask yourself to help facilitate the process of finding a new home. Do you need to live close to schools? Is there a certain area you need to live near? How important are recreational and entertainment options to you?

By knowing the answers to these questions, you will provide your Philadelphia real estate agent valuable information he or she can use to find the home of your dreams.

For more resources about Real estate agent directory or even about local real estate agents and especially about Atlanta real estate brokers please review these links.

Tags: , , , , , , ,