Searching for Your New Home Alone? Really? Think That Over ... Pt. 2

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Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI
Searching for Your New Home Alone?   Really?
Think That Over ...  Pt. 2
 
 Gene Mundt Chicago Bancorp Buying a Home Why Use a Realtor blog pt 2
    
     Are you presently contemplating ... or actively searching for a new home to buy?  If so, you're not alone ...
 
     Are you thinking of "going it alone" ... without the aid and assistance offered by a real estate agent?  
 
     In  Part 1 of this blog,  I addressed some of the reasons new homebuyers might think about tackling this venture on their own.  Pursuing a home purchase alone is something a potential homebuyer might want to think long and hard about, especially if that decision is based upon a poor prior experience with a real estate agent or another real estate professional.
 
     I'm hoping after reading  Part 1 of this blog, that you have decided that utilizing the services of the RIGHT agent ... an educated and experienced real estate agent ... is the smart thing to do.  
 Gene Mundt Chicago Bancorp Why Use a Realtor blog pt. 2
    
    
     If so, you're now probably wanting to know ...
 
     "How do I FIND that agent so I can move ahead with my purchase"? 
 
     Education!
 
     Education is always key to the home buying and mortgage financing process.  Education is crucial to homebuyers, especially first-time home buyers,  fully understanding which attributes their real estate agent should possess. 
 
     First, those hoping to buy a home should be represented by their own real estate agent.  That is NOT going to be the name you find on the sign in front of the house ... or the name connected to the home that you're interested in online. Those agents?  They represent the Seller of the home.  The agent you meet at an Open House?  Yep.  The Seller's representative for that house sale. 
 
      As a potential home buyer are you worried about paying a commission?  Commission is a pre-determined fee or percentage (of a sales price) negotiated between a real estate agent (their agency) representing the Seller, and the Seller themselves.  A commission will be paid upon the sale of the home ... by the Seller of the home. Typically NOT the new buyer purchasing the home. 
 
     As a RULE, that means you as a new home buyer are NOT paying a dime to the  Buyer's Agent  that is representing you.  If those beneficial services are performed free to you as the home buyer, why would you pass on them? 
 
      What is true is this ... as a potential new home buyer, you must make sure you find the RIGHT  Agent and BEST Agent possible for your home buying transaction.  It's extremely important that you take the time and make the effort to do your search thoroughly and correctly. 
 
     So how do you actually go about finding the RIGHT and BEST real estate agent possible for your new home purchase?  What do you base your decision on?  What questions should be askeGene Mundt Chicago Bancorp Why Use a Realtor blog pt. 2d?  And to whom?  Where do you go for the information you need ... and for facts?
 
      Hopefully you have already been preparing yourself for your new home purchase with a reputable and experienced mortgage lender.  They're a great place to gain solid dependable referrals.
 
      I can tell you from my 35 years of experience, your mortgage lender will know what agents are capable of successfully representing your interests.  They'll know which agents are knowledgeable and up-to-date regarding current home buyers' needs.  Your mortgage lender will know which agents understand how to facilitate their home buyer's mortgage processing needs well too.  These days, that can be crucial.
 
      Get references and referrals from others as well.  Talk to people in other real estate professions for their referrals too. Talk to insurance agents, home inspectors, builders, real estate attorneys, etc.  Talk to those friends, relatives, and co-workers that have purchased a home in the recent past.  Ask which real estate Buyer's Agents are actually getting their home buyers into their home successfully.  
 
     Roll your sleeves up!  Do some real digging regarding these referrals.  There are all sorts of "tools" and avenues available for your search.  Use them to your benefit. 
 
     After you have compiled a list of names, start comparing the referrals.  Whose name is popping up frequently?  Which referrals are successfully representing new home buyers in the housing market you are interested in? 
 
     The names you are seeing over and over? They're the best candidates for you and the real estate agents you need to further consider.  Contact thosereal estate agents and talk awhile.  Most likely, you're going to "click" with the one that is best for you
 
     Home buying should be a joyous occassion and enjoyable process.  If you do your research and homework regarding the real estate agent and real estate professionals you work with, all will go more smoothly and prove much more satisfying. 
 
     Don't attempt home buying alone! Work with the RIGHT and BEST real estate agents and real estate professionals available.  Success ... and that new home will be yours. 
 
 
 
    *  For valuable referrals, mortgage information and assistance, and guidance ... please contact me today!  I look forward to the opportunity to earn your business.  Direct:  815.277.4036   Cell/Text:  708.921.6331
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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Corinne Guest 05/13/2011 06:52 AM
  2. Judy Greenberg 05/27/2011 03:05 PM
Topic:
Home Buying
Location:
Illinois Will County Joliet
Groups:
1st Time Buyers
The Single Home Buyer and Seller
Chicagoland and Northern Illinois Real Estate
Local Expert
Advice for Buyers
Tags:
real estate agents
buying a home
referrals
home buying
mortgage lenders
research
real estate professionals
gene mundt chicago bancorp

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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

Nice post. I have had prospects use me a couple of times then go buy another listing straight from the listing agent. Kind of sad to look at the close deal and see a full price transaction...

May 13, 2011 04:28 AM #1
Rainmaker
1,246,824
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Doug:  Nice to hear from you.  Feels like you're being teased when these things happen, doesn't it??  Pure torture.  It makes me think they just don't understand the system and how it all works.  Goes back to the education thing.  We'll keep trying ...

Corinne:  Thank you for the compliment.  But I think we all take turns being noticed.  Thanks for the reblog .. it's appreciated.  Buyers need to know so much these days when buying a home .. and financing.  I'm thinking it's time to host a few classes again ...

Gene 

May 13, 2011 08:56 AM #3
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Rainmaker
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708.921.6331 - 40+ yrs experience
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