Buying And Selling Real Estate With An Agent

by Donald F. Norton 06/09/2019

All you need to know when you are buying or selling a home and what your rights are if you are not satisfied with the outcome.The stress that comes with making a mistake in the buying and selling process of a home is overwhelming most times. It is vital you take enough time to research homes if you want to purchase one or make the best investment decisions if you are selling.

Realtors or real estate agents are professionals who have been licensed in their state to promote the sale or purchase of a house. They must pass through professional training before obtaining a license and work in the confines of the strict ethical standards of the profession. So, how is a real estate agent useful to a consumer – buyer, and seller?

The Role of a Real Estate Agent to a Buyer

The following are the duties a real estate agent owes the home buyer.

- A real estate agent can assist a home buyer in finding the right kind of house, at the best price, and show them houses until they find the right one that suits their needs.

- In fact, they help their buyers go through all the buying process, from choosing the best mortgage companies to finding the perfect homes of their dream.

- The real estate agent reviews the daily activity of MLS (Multiple Listing Service) to find the hottest and trending houses or offers and real estate movements in their area.

- Most of them go the extra mile to educate the buyer about the home buying process. They prepare information packs in brochures and booklets and give to their clients to help them succeed in the buying process.

The Role of the Real Estate Agent to a Seller 

Real estate agents assist a seller to market or sell their homes. However, is that all they do to help the seller? Here are the other benefits a seller gets from the agent.

- They help you determine the fair market price of your property.

- The real estate agents market or advertise your property to prospective buyers.

- It is their duty to arrange for interested buyers to come to see your home and guide you through the process of closing a deal or an offer. 

Consumer’s Rights in the Home Buying Process

Consumer rights in the home buying process provide adequate security for the buyer. This means that without these rights, the home buyers are exposed to various risks and risks with respect to buying a home. So, consumer laws require home sellers to abide by certain specific standards.

Although these laws vary from state to state, most of them grant consumers the right to the followings:

- Select and interview a real estate agent who can assist you in buying a home.

- Understand the relationship existing between the agent and available property as well as the seller.

- Accept or reject a property based on the physical condition of the house.

- Negotiate for repairs on the property.

- Have a lawyer review the documents that are directly related to the home sale.

- Move into the property immediately the contract requirements are met.

When these rights are respected and the rules are followed, the real estate industry is a much more comfortable space to work in. So when you’re ready, go find a real estate agent who can help you make your real estate dreams a reality.

About the Author
Author

Donald F. Norton

Thank you for viewing my website, and why I hope you will choose me to represent you as your agent whether your buying or selling here in the Boston/North Shore area. A lifelong resident of Somerville, married to Patricia in 1967 and together we raised a small family, we owned our first home in 1972 a single family and our second home was in 1976 in the City Hall area of Somerville, we both have worked for the city off and on over the years, but together we got our Brokers license in 1977. With a small group of individuals we opened our first company in 1983, lower Broadway with Ross Blouin, Don Snow, Ron Marble, Roy Scarpato, Jerair Gharibian and Stan Koty we ran a successful Real Estate company till 1990 when we all broke up and decide to go on our own way, still maintaining a friendship the entire time.    In 1990, Patricia and I purchased the ERA franchise for the local area, that we kept for just about 20 years and then decided it was time to move on without the high cost of a franchise and to maintain the business on our reputation which was and is one of the best in the area. We pride ourselves on innovations and moving ahead of the business, being first in a web page using the internet to market homes, being one of the first to look at Buyer agency as a unique opportunity to represent clients interest in buying as well as our clients the sellers in selling. We are proud of our work, our long time in the business, lots of agents and brokers come and go, we are still here, one of the oldest companies to keep on moving ahead. I am also a state certified Real Estate Teacher, since early 1990's. I have taught at Somerville High Adult Evening School for about 18 years, successfully having a high success rate in students passing the exam. I am a member of the TAN network of broker/agents, Top Agent Network, which is an exclusive organization of only those agents who have obtained top sales over the years, I rank in the top 20% of the agents/brokers active today and have for many years. I have sold over the years, churches, shopping centers, large commercial and all kinds of residential properties throughout Massachusetts since 1977. I personally and as a broker/owner have never had a violation of Ethics or even a lawsuit for myself or our company. I teach our agents to represent clients in buying or selling a property as if it's their own transaction. We stand by our clients as if they were the only ones we represent.