HOME BUYING 101 – By Bette Popiel Realtor & Resident of Verrado

Are you in the market to buy a home? Perhaps it is time to downsize, buy a larger home for your growing family, a second home or maybe it is time to retire to sunny Arizona for our fantastic weather. Whatever the reason, be certain to have your Realtor with you, from the start to the finish when your Realtor hands you the keys to your newly purchased home.

Realtors are important partners when you’re buying a home. They will provide you with helpful information on homes and neighborhoods that isn’t easily accessible to the public. A Realtor’s knowledge of the home buying process, negotiating skills and familiarity with the area you want to live in, is extremely valuable.

Buyers should work with their Realtor exclusively, this way they can feel confident in the information they are receiving.

Do you enjoy going to view the new home models without your Realtor at times? The builder’s sales agent works on behalf of the builder and represents the home builder only. Visit the models the first time with your Realtor so you can be registered with them to ensure you are well represented through-out the transaction if you decide to buy. Once you are registered (along with your Realtor) with each builder, you may visit the models as many times as you like without your Realtor. You will still be represented by your Realtor (at no cost to you) when/if you purchase.

When stopping in at open houses, do inform the agent hosting the open house that you have a Realtor representing you and provide your Realtor’s name. Again, this way you will still be represented by your Realtor (at no cost to you) if you purchase that particular home.

A Realtor is bound by a strict Code of Ethics and belongs to their state and local Boards of Realtors as well as the National Association of Realtors. Many hours of ongoing education is required for Realtors to maintain an active real estate license. The Realtor must constantly monitor what is going on in the real estate market, especially in the locations in which he or she specializes. This allows the Realtor to determine the selling prices and features of comparable properties. The Realtor must read market reports and personally view the neighborhoods and specific houses to gain awareness and best serve the clients. It is also important for Realtors to keep up with what’s happening in the community, such as commercial or residential developments being built, the quality of schools and amenities etc. These are a few examples of the many benefits your Realtor brings with them when representing you.

Best of all, it DOES NOT COST YOU ANYTHING to utilize a Realtor for your future home purchase – they are compensated by the home seller or the home builder.