Real Estate Agents – Who are They and What is Their Role in the Home Purchase Process? Part 1

This is the first post in a four blog series. For more information on real estate agents, visit: Part 2 and Part 3.

If you’re buying a house for the first time, this question must have definitely come up in conversation. You’re looking for that perfect place to settle in with your family. Do you really need an agent to help you find what you’re looking for?

All are valid questions. But before we get into agent roles, let’s back-track a little bit.

A brokerage with buyer and seller agents.

The People:

It helps to first understand how real estate agencies function. A ‘broker’ is a professional who has been licensed by the state after going through some exams and certifications. More often than not, brokers open a brokerage or form real estate companies that hire licensees, in the form of associate brokers or sales associates, for the company. These associates are what we commonly call ‘Agents.’

Agent-Principal Relationship:

Agents serve as an intermediary between sellers and buyers of real estate, with a prime task of searching for sellers who want to sell their house, and buyers who wish to buy a home. The side that they represent is called the ‘Principal.’ What an agent does is speak on behalf of his/her principal with a prior understanding that includes confidentiality, full disclosure, care and accurate accounting, some of which may vary from state to state.

A real estate agent with her clients.

Do these real estate concepts seem simpler now? Are you ready to look for a new home? Express Realty Services is here to help you. With an in-house lender in place, we can help you go through the pre-approval process for no extra charge. Besides, we sell more than 30 homes a month, catering to a wide range of budgets. So we’re sure we can find one home that’s just perfect for you.

This series will be continued. For more information on the role and function of real estate agents, continue to read our blogs.

If you have any tips or suggestions that you’d like to share, please feel free to comment on this blog post.

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Are you Ready to Buy Your First House?

If you’re buying a house for the first time, it’s not uncommon to feel overwhelmed. The good news is that there are ways around it.

People tend to think that house-shopping is such a BIG DEAL. While it is significant, putting too much pressure on yourself is not beneficial for anyone.

It’s much better to sit back and relax!

There are some things that you need to consider before buying a house.

Consider these two simple questions before buying a house:

1. “Can I qualify for a loan?

How solid is your credit score? Do you have a solid financial background and a good history with your credit expenses? If you feel confident about your credit score, wonderful! Move on to question two. If you feel iffy about your credit history, read these tips to help you build on your credit score.

2. “Can I comfortably handle this mortgage payment every month?

Ask yourself “Can I afford this house?” Often people qualify for houses that are priced higher than their budget can cover. Sit down and crunch ALL the actual numbers. It’s important to consider how much you would pay per month and keep enough wiggle room so that you are not making commitments that leave you on a shoe-string budget for other expenses.

If you still feel undecided about buying a house, we at Express Realty Services can help you. With an in-house lender in place, we can walk you through the pre-approval process at no extra charge. We sell more than 30 homes a month, catering to a wide range of budgets. We’re sure we can find a home that’s just perfect for you.

Pick up the phone and call us at 1-888-306-9450 or visit our website.

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