Purchasing Power for Millennials Buying Property

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

Buying a home for Millennials is a lot different than what it was like in previous generations before the internet existed or just getting started. The digital world has created a plethora of information easily accessible with just a quick search. But is it reliable? Credible? Truthful? Current? Or are there entrapments to dangerous websites by dishonest people?

 

The home-buying process begins with someone you can trust who can explain the role a licensed real estate agent performs to assist and give you the power to purchase a home. Choosing an expert in the field of real estate sales can save you time and money. An Agent who provides in-depth information that is timely and important to know makes you a better decision maker.

 

Agents who have been in the business a long time has a lot going on for them and can benefit Millennials because they understand the nuts and bolts of real estate sales because of years of training, using current technology, and completing transactions for both buyers and sellers. A real estate agent licensed by the state has had extensive training and continuous education that goes beyond the training period and obtaining their license.

  

In Texas, a licensed Real Estate Agent follows the Canons of Professional Ethics and Conduct which includes: 1) Fidelity, 2) Integrity, 3) Competency, 4) Consumer Information, 5) Discriminatory Practices, and 6) Information about Brokerage Services. Austin is the State Capital where all Texas Laws for real estate agents begin. 

 

To become licensed in the State of Texas, an agent begins by being sponsored by a licensed Broker. Some agents and Brokers remain with a Broker of Record; others go on to become their own Broker with additional education, fees, and training. To qualify, all must be citizens of the United States or lawfully admitted alien. A DATCA does not qualify. At minimum 18 years old and meet the Texas Real Estate Commissions qualifications for honesty, trustworthy, and integrity. Pay application fees, get fingerprinted, pass exams, have a background check, submit qualifying education including 180 classroom hours including 30 classroom hours in Principles of Real Estate I, 30 classroom hours in Principles of Real Estate 11, 30 classroom hours of Law of Agency, 30 classroom hours of Law of Contract, 30 classroom hours of Promulgated Contract Forms, and 30 classroom hours of Real Estate Financing. Licensed exams are administered by PearsonVUE, a testing service company. If you fail, the exam three times, additional education will be necessary. A person remains inactive until they are sponsored with a licensed Broker who requires additional training, office fees, and fees for the MLS, Association of REALTORS, etc. Plus, license renewal and fees, including education is continuous.     

 

The whole business of real estate continues to evolve over time. For new buyers, having the purchasing power to buy instead of rent is a big accomplishment. Inflations is rising. Inventory remains low. Prices are accelerating. New and old Information is circulating wildly in cyberspace. Having reliable information at the tip of your fingers is critical but having someone you can trust is the greatest gift you give yourself.

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-4-1.pdf

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        3575 Lone Star Circle, Suite 315
                                        Fort Worth, TX 76117
                                        Office: 817-748-4800/FAX: 817--748-4900

                                         Patricia (Peace without Panic) Feager (Faith without Fear)
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
Paralegal (Southeastern Career Institute)
Associates (3) (College of Lake County)
KU (University of Kansas)

CERTIFICATIONS

CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
RENE (Real Estte Negotitions Expert)

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments (11)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Patricia... making what for most home buyers is the single largest financial investment without appropriate guidance is insane. In my experience, people who have done this has typically learned to regret it.

May 10, 2022 06:07 AM
Patricia Feager, MBA, CRS, GRI,MRP

Nina Hollander, Broker - Thanks for your comment and understanding. Millennials are best served by local REALTORS licensed, educated, trained, and deliver!

May 10, 2022 09:31 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Patricia, 

Excellent points made regarding Millennials, Bill 

May 10, 2022 06:22 AM
Patricia Feager, MBA, CRS, GRI,MRP

Thanks Bill Salvatore - East Valley! I appreciate your comment very much.  

May 10, 2022 09:32 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information...Thanks for sharing and enjoy your day!

May 10, 2022 06:55 AM
Patricia Feager, MBA, CRS, GRI,MRP

Hi Kristin Johnston - REALTOR® - thanks for the comment. You were a nice surprise today!

May 10, 2022 09:32 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Millennials in Flower Mound would be wise to rely upon your expertise for their home purchase!

May 10, 2022 08:12 AM
Patricia Feager, MBA, CRS, GRI,MRP

Brian England - Your endorsement means a lot to me. Thank you!

May 10, 2022 09:33 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia it seems like every generation has its owns quirks and challenges, and it is our job to adopt to them, or find another line of work.

May 10, 2022 05:46 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

George Souto - You are right! Adopting and adapting to positive change takes courage and fuels growth. 

May 10, 2022 06:08 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia loved your post indeed just because there is the Internet and you get information it is no guarantee that it is good information, there are platforms like Z who admit to having 20% swing in either direction with data.... WOW I would hate to have bought something I thought was a good price to find out that they were wrong 40%... yes you need a local Realtor who knows the market...Endre

May 10, 2022 10:29 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Endre Barath, Jr. - Comments like yours is what keeps me on this Platform. In my opinion, advertising a 20% swing in either direction with data is misleading to the consumers and should not be allowed. Kudos to local REALTORS who are honest and trustworthy. Thanks, Endre for pointing this out. 

May 10, 2022 11:37 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home buyers are in very good hands when they seek your professional real estate advice and assistance.

May 11, 2022 07:05 AM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Excellent information for first time home buyers - or any buyer for that matter.  It's critical to trust that information is accurate.  With your help, buyers near Flower Mound, TX will benefit!

May 11, 2022 04:08 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

We can read and listen to videos ... but there is nothing like a personal relationship with a Realtor who has your best interests at heart!  Things change on a daily basis in our business (and world).  Every Buyer -- not just Millennials -- need an expert on their side.

May 13, 2022 10:35 AM