Tuesday, November 10, 2009

Among first things: Get a Good Real Estate Agent

I've said it before, and I'll say it again, because it bears repeating: First get a good agent.

I said a good agent. A good agent will help you navigate the really nasty real estate environment. It's always changing, and muddling through on your own is just asking for trouble. And you don't pay the agent until you find something for you and it settles.

You notice I said get a good agent. Lots of things can go wrong, and sometimes the things that go wrong can be really expensive. For example doing on your own you may decide that buying title insurance is an unnecessary expense. So you don't get it, and down the road you want to sell it and you find you don't have clear title to your property. Hmm.

A good agent would have strongly urged you to buy it. Now, you're stuck in a nasty and protracted battle with the seller who defaulted on his responsibility to provide you with clear and marketable title to the property. Oops. Then, the seller may countersue you for a frivolous law suit. Hmm

Now, having an agent will not save you from problems. Just like car insurance won't keep you from having an accident. But it greatly reduces your uncertainty and risk.

Plus, you have an advocate to fight for you and an extra set of eyes against which you can measure your views of things. Buying a house is daunting enough without having to shoulder the burden all on your own.

I'm trying to create a more informed real estate customer. Is this working?

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