The Difference Between A Good Real Estate Agent & A Great One
Posted by Larry Tollen on
There are thousands of licensed real estate agents in the Triangle, and most of them do a decent job. Some are truly excellent agents and top producers. There are a few you wouldn’t trust to sell a doghouse. Using an experienced agent can reduce or eliminate a lot of the roadblocks involved in buying or selling a home, but only a great agent can make the process seem like a piece of cake (or as close to it as possible!). Here’s how you can separate the wheat from the chaff:
They Can Give You Good & Bad News
A good agent takes your opinion on price and tries to make it work. A great agent tells the truth about price, even if you don’t want to hear it. Issues with the appraisal price of a home are not uncommon. It is increasingly difficult to get…
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Buying your first home should be exciting; just be careful not to make these common first time home buyer mistakes. As the picture indicates if you're unprepared it's easy for a home buyer to feel overwhelmed.
There isn't a week that goes by that I don't find myself sitting down and having a preliminary meeting with a would be home buyers in Durham, Chapel Hill or Cary. I generally enjoy these meetings, their low key and give both they and I a chance to meet one another and simply have a low key conversation about what it is their ideally looking for.
At any given time I'm always working with a handful of investors, most of whom have experience and who have very specific criteria for me to work with. In most cases these clients are looking to exchange a lump sum of money for a rental income cash-flow. Because of that, I've put together: A Beginners Guide to Investing in Real Estate for those buyers in the Durham, Hillsborough, Carrboro, Chapel Hill market.
One of the most common terms I see negotiated in contracts for a home in Durham today is for the seller to contribute money to the Buyer to cover all, or part of the Buyer’s Closing Costs. Seller paid closing costs can, with certain limits, be paid by the seller to the buyer without any problems…if you know the rules. Ignorance of the Underwriting Guidelines for the program and Bank that the Buyer is applying for a mortgage from, can turn a seller contribution of closing costs into a real problem!
Some homes in Durham and Chapel Hill are in Communities that have Home Owner Associations, and those dues could be charged on a monthly, annual or quarterly basis – depending on the Association and the Amenities that Community has.