We answer frequently asked questions about buying real estate.
How can a broker help you buy a house? Why can't you find a house on your own? Brokers can become members of local Multiple Listing Services, which allows them to see all the properties in the area, and list properties of their own. Brokers searching for homes they can show to their buyers can tap into the system twenty-four hours a day from any member's computer.
A comparative marketing analysis (CMA) is the most valuable tool you can use to determine the correct listing price for your home. A real estate agent with the best CMAs compare your home to other homes for sale that are similar to yours in size, shape, condition, and location.
In some ways, finding the right broker or agent is tougher for a seller than for a buyer. Both buyers and sellers should find someone with who they feel comfortable, whose personality meshes with theirs. It's important to have someone who can listen to your concerns and can explain potential problems to you in a way you can understand.
When should you hire a real estate attorney? States do not require real estate attorneys to participate in buying or selling transactions so it's up to you. It's a good idea to hire a real estate attorney when you're not familiar with the nuances of a buying or selling contract for real estate.