With the stability of today’s economy always being questioned, planning well about your financial decisions or money-related matters is becoming more and more crucial. For instance, buying or selling a home is now even more difficult than ever. Of course, you’d only want your hard-earned money to be spent on a house that you really like and hopefully with a contract that involves no headaches. Similarly, the house which you bought with your life’s savings is something you wouldn’t want to sell at a bargain. Selecting that right person among the many real estate agents out there would make a difference.
Since you’ll be hiring the agent to do the buying or selling for you, you might want to keep in mind that you can treat the selection process as if you’re hiring an employee in a company. Ask about the agent’s background and his plan to make sure that he will do a good job of buying or selling real estate for you.
One of the first things you’d like to know about the agent is his years of experience in the real estate business. This is not to conclude that a veteran agent is better than a neophyte. It’s just that the years of experience would be a good starting point in knowing if the agent will serve you well How to become an Estate Agent. Sometimes, you’d discover that someone who’s seasoned in the business has the right network and can do the talking efficiently for you. But you might also encounter veteran agents who seem to be just too tired to do the job that they appear to not pay attention to your property. These are the things you’d be able to learn about as you progress in conversing with the potential agent.
You can then start asking about buying the house that you want or selling your property specifically. Ask the agent directly about the strategy he’ll use to help you. For instance, if you’re planning to buy a house, you need to know how he’ll search for properties and if you’ll have any competition. Meanwhile, if you’d like to sell your house, you need to ask and see for yourself the ways in which he will advertise or market your property.
The paperwork, obviously, is another important item whether buying or selling. You need to make sure you’ve read every item in every document involved in the deal before you sign it. It is but proper that the agent would give you enough time to review all the documents before the signing deadline.
The foreclosure crisis is incredible enough – already offering amazing opportunities for REO agents and brokers. But now there is finally some sunshine lighting up the so-called “shadow inventory” of foreclosure properties that have yet to be officially recorded or to become part of the massive amount of REO listings currently for sale all across America.
Real estate data and records company First American CoreLogic estimates this shadow inventory at 1.7 million homes as of the end of September 2009 – that’s 1.7 million more homes that should eventually find their way to become REO homes for sal.
With 3 million official foreclosures already estimated to hit the REO listings in 2009, that means an incredible amount of potential profit for anyone interested in how to become an REO agent. The other astounding aspect of these numbers? Most experts think they’re too low.
In a blog posted at “The Wall Street Journal” online site on December 18th, 2009, analyst James R. Hagerty makes the point that First American expects that 68% of mortgages that are over 90 days late in payments won’t go into foreclosure. With today’s economy, that’s a huge assumption to make. Especially when another company, Lender Processing Services, estimates that 30% of the properties that have been in foreclosure for 12 months haven’t even hit the market yet. 30%!