Not So Fast: What to Do Before You Hire a Real Estate Agent
Real Estate Agents
So you have a house, you want to sell it and buy a new one. As a homebuyer or seller, the logical next step would be to hire a real estate agent right? Maybe not. There are several steps you need to take before you get an agent involved to not only speed up the process, but also get ahead of the game. The following tips from OutFactors.com should have a big check mark on your master to-do list before you even start vetting agents.
Check Out Open Houses
Whether you are the buyer or the seller, you’ll be purchasing a home in the near future. Visit open houses in the area to get a feel for what’s on the market, as well as figure out what you need and want in your future home. We all have a picture in our heads of our ideal home, but keep in mind that unless you are building your dream house from the ground up, no home is perfect.
Rather than dismiss every home if it doesn’t meet every single one of your checkboxes, focus on the changes you can make so that it fits your needs. For example, rather than focusing on the tile that you absolutely hate, think of the bigger picture – the floor plan. Don’t get so caught up in what the house looks like that you forget to consider the location. You can’t move your home, so before you start looking at homes, decide the area based on the neighborhood, community, schools, local amenities, proximity to work, family and friends.
And if you’re serious about checking out the area before you move, or you aren’t sure you want to buy a new house right away, consider a small investment: try relocating on a trial basis. There are currently over 670 available apartments in Fort Worth, so that’s a great way to get to know the area before you commit to something bigger.
Buyers: Meet with Lenders
It doesn’t matter how many homes you look at if you don’t have the funds to make an offer. Get pre-approved first! However, finding a lender is a process, and you shouldn’t settle on the first one you come across. Walk through your options and learn about the different loans and rates available. Once you secure a lender, then comes the paperwork to get pre-approved for a mortgage: You’ll need:
- Proof of income – W-2s, pay stubs, tax returns (from past two years)
- Proof of assets – Bank and account statements (to show you can afford down payment, closing costs, and future expenses)
- Proof of employment
Keep a paper or computer folder with copies of all the required documents to stay organized. It can be a confusing process at times, so don’t be afraid to speak up if you don’t understand something.
Sellers: Plan Ahead
As the seller, you might be wondering what you can do to prep your home for sale. Once your home is on the market, those showings will come in quickly, leaving you feeling a little bit frazzled. Go ahead and give your home a deep clean, as well as get rid of items you no longer need or want by having a yard sale or donating your stuff.
After you’ve cleaned and decluttered, take a look at what repairs you could make, but hold off until you have a realtor give you the go-ahead. A realtor will be able to give an objective opinion as to what improvements are an absolute necessity and will also recoup the costs. Of course, you should go ahead and make the obvious repairs such as adding a fresh coat of paint or fixing the leaky faucet, but everything else should be run by your realtor first.
When you are buying or selling a home, hiring an agent shouldn’t be the first step. There are a few things you should do first. Determine what you want in your future home, get pre-approved if you are buying, and prep your home if you are selling.
Brought to You by OutFactors
This information is provided by OutFactors, a home cash buyer. At OutFactors, we buy houses as-is for cash and close quickly. To get a cash offer on your home you just enter your address and answer a few simple questions about the house. The entire process only takes about 2 minutes and personal information is NOT required. Yes, that is correct! No email address, no telephone number, not even your name. If you like the offer, great, your home is sold. If not, just “X” out and go enjoy the rest of your day. To get a great cash offer click here!
For those who prefer a personal touch, we invite you to call us at 800-420-7030 to speak with our friendly and helpful customer advocates. We are here to help!
539 West Commerce Street
Dallas, Texas 75208
Not So Fast: What to Do Before You Hire a Real Estate Agent | OutFactors – Dallas Fort Worth, Texas