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Is the cost of a real
estate agent’s commission worth it?
(read more)
85% of home buyers use a real estate agent; 75% of home
buyers use the internet to search for homes. After finding a home of interest,
they typically drive by to check out the neighborhood. The average home buyer
searches for eight weeks before purchasing a home.
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Purchasing real estate is one of the most important
and costly transactions you will ever make. Your first step
is to determine the area you want to live in. While looking
at different areas some things to consider are: quality of
neighborhoods in the immediate area, quality of schools, average
pricing for homes, major employers, and nearby resources such
as fire department, library, grocery stores, etc. After choosing
the area that best suits your family, it's time to start searching
for your new home.
Resources for Buyers
When you search for real estate from this site, whether it's
residential, condos, or land, you will be directly linked
to the public Knoxville MLS. The advantage to this is that
you
will see everything on the market that an agent would see.
There is of course more to the home buying process than simply
finding a home online. A real estate agent will play a critical
role as you will need them to actually tour the home. An
agent can also help you find a good source of financing.
Financing
is a big step in the process of buying a home. You really
need to be pre-approved for a mortgage before
seriously
looking at new homes. Being pre-approved means that you've
been screened by the lender and approved for a loan. This
can be very helpful when it's time to make an offer. Sellers
will
likely go with a buyer that has been pre-approved, since
there's less risk of the deal falling through.
A real estate
agent will also be extremely helpful when it's time to negotiate
and make an offer on the home you
want.
It's typically not a good idea to use an agent that is
already representing
the seller, this could compromise your best interests.
Buying a home is a lengthy process, but with a knowledgeable
agent
and the right resources, it can be a great memory you'll
have for years to come.
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5/21/2008
Why Use a REALTOR®?
Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Here are 12 ways...(read more)
ABR, CRS, GRI, ePro... What do these mean??? Click here to learn more
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