Although there are over a million real estate agents in the United States, only a small fraction of them consistently demonstrate the combination of empathy, integrity, attitude, and skills that make them stand out, from the crowd! After more than 15 years, as a licensed real estate seller in New York State, I have met some of the best, as well as many others. One is usually represented, best, when, they choose a person, who will serve and represent their best interests (whether they are buying or selling), know and understand when they need to interfere and when they should. , Move out of the way! Since all these people, they are not. Created equal, in terms of their value, this article will briefly attempt to consider, examine, review and discuss 5 challenges, which need the highest quality and highest representation, to achieve the most desirable results.
1. REO / Asset Company / Foreclosure Transactions: For a variety of reasons, banks, lenders, finance companies / mortgage companies, etc. decide to foreclose on a particular home and / or property. However, the details of how this proceeds, specific protections and guidelines, etc., often differ from state to state. While if / when one proceeds, carefully and uses professionals, prepared for the complexities of this type of transaction, etc., there is often a change, for an excellent buying opportunity, but the prospective buyer must be informed. and fully understand the risks, differences, etc. to do so, as well as the opportunities. While some agents will be unprepared and therefore these procedural changes, etc., will scare and worry them, a true, quality agent tests and proves their worth by working cooperatively and effectively with a team, which should include, the right attorney and the mortgage banker, etc.
two. Demanding sellers: Sometimes a desirable quote becomes stressful because the seller demands it, in one or more ways. It may be that it does not provide enough access to exhibits, or insists on an unrealistic price (and is inflexible), or refuses to listen to advice on essentials, such as staging: tips / ideas, curb appeal. etc. It could also become a challenge, because for example the house is co-owned by a divorced / divorced couple, an asset company, etc.!
3. Unrealistic buyers: Some buyers seem to be looking for a home that they either can’t afford or generally doesn’t exist! It is essential, for the agent, to prequalify their clients / clients, in advance, so that the search is useful and viable. It is also important to have a discussion, in advance, to clarify what you are looking for and the priorities (differences, between your wish list and should have)! Effective real estate professionals have the confidence to tell clients what they need to know and not just what they want to hear, so that everyone proceeds, efficiently, on the same page!
Four. Lawyers, who get in the way: The right real estate attorney is invaluable, but the wrong one can, hit – the – deal, getting in the way! It is necessary to emphasize, with your clients, the importance of having a lawyer, who specializes in the real estate sector, and understands the possibilities, nuances, etc. However, there is always the possibility that the other attorney will cause additional and unnecessary challenges and, for this is another reason, it is very important for your client to select the right person, such as your attorney!
5. Financing challenges: Before looking, a buyer’s agent should demand that their client be pre-qualified, at a minimum, or better yet, pre-approved. These financing challenges include, credit problems, capital reserves, low pay, specific loan conditions, etc. While an agent should not exceed their personal experience, they should act, as a source, to locate, some of the necessary ingredients, etc., to make the overall experience more positive.
Since not all agents are the same, it makes sense to choose someone who owns the best mix of assets, etc., which could make a difference – for the better! This transaction period is often stressful, but hiring the right person could make all the difference in the world.
