A Real Estate Agent Guide For Home Buyers
The home buying process can be long, complicated, and frustrating, but it doesn’t have to be. Having a little bit of knowledge on the types of real estate agents and how they work can help alleviate some of the home buying stress. As always, we suggest taking a Homebuyer Education course before you begin your home buying process, but here are a few terms and tips all buyers should know.
Types of Agents:
Real Estate Agent – This person is licensed by the state and can either help you to buy or sell your home. The agent is often the person that you work with closely in your selling and buying process but they must work under a licensed broker.
Broker – A broker is a real estate agent who is not only licensed by the state but also has more education. The biggest difference between a broker and a real estate agent is that a broker has a “broker’s license” and can work independently and have real estate agents work for them.
Facilitator – A facilitator is someone who does not have a relationship with the buyer or the seller. They are an independent broker that assists the buyer and seller in the transaction. They are most often used when a home is “For Sale By Owner” or when the buyer finds a home, doesn’t use a realtor and just needs help with purchasing.
The Buyer’s Agent
A buyer’s agent is just what it sounds like, they represent the buyer in the home buying process. This is something to keep in mind when looking for a home as this is the person (whether real estate agent or broker) that you will be working with closely, so chose someone that has a good reputation and that you get along with. The buyer’s agent is the one that will be helping you find homes within your budget and working with you each step of the way and even after closing.
The Seller’s Agent
Again, the seller’s agent is just what it sounds like as this person represents the seller. When you are looking to sell your home, you would work with this person (whether real estate agent or broker) to list your home and show your home to potential buyers. They take photos of your home, list the property, give you suggestions on things to do to help your home sell faster, and will help you negotiate the sale of your home.
Ready To Buy?
Real estate agents (or brokers) are a great support person to have when embarking on this home buying (or selling) journey. Again, find an agent that fits your style and one you feel comfortable with. You will sign a legal contract to work with that agent and if you decide later that you don’t like that agent, you’ll either have to pay a fee or wait until your contract expires before finding another agent. Once you have someone you trust, the fun begins with looking for your new home!
Want to learn more about all the steps involved in buying your own home? Take our Homebuyer Education class where you will meet with local lenders, realtors, insurance agents, and home inspectors so you are prepared for every step of your journey. Already taken our class? Meet with one of our in-house real estate agents, Justin or Gene by calling 802-438-2303 to set up an appointment!