Who’s Who When Buying/Selling a Home?

When deciding to buy or sell a home, there can be many questions about who’s who and what role they play.

real estate support clip

If you are planning to buy a home, you know the process is Not something you will do alone. However, you may not realize exactly how many people are actually involved in a home sale until you get started. The number of individuals can be a bit overwhelming.

Here is a simple guide that explains the roles played by a couple of these professionals— the buyer’s and listing agent, so you know who is in your corner!

 

 

 

 

The Buyers Agent:

  • Acts as an adviser during the entire home buying process.
  • Educated buyers on current market conditions.
  • Researches recent home sales in the are to determine whether a specific home is properly priced.
  • Handles the ins and outs of the negotiation process.
  • Counsels buyers on how to handle repairs needed on the property.
  • Is present at closing to ensure that all the buyer’s interests are protected.

The Listing Agent:

  • Helps homeowners sell their home at the highest price possible
  • Negotiates with the Buyer’s Agent to come to a price agreed upon by both the buyers and the sellers.

The Loan Officer/ Mortgage Lender

  • A financial professional who will determine approximately how much money you’ll be able to borrow for a mortgage loan.
  • The business person or organization that brings together mortgage lenders and borrowers.

Home Inspector

  • The individual who provides a trained, professional opinion of the physical condition of a home.

Home Appraiser

  • The individual who provides a trained, professional opinion of the Market Value of a home.

Title Company

  • A company that examines the public records to determine that rights to a property can legally be transferred from one owner to another.

Different business professionals are responsible for different aspects of a home sale. Be prepared to provide detailed personal information to your lender and ask detailed questions of your lender and agent.

dream-home-blog

Good Luck on your Home Buying Journey!!

 

 

 

 

One thought on “Who’s Who When Buying/Selling a Home?”

  1. Linda

    Great information!

Comments are closed.