The third step in home buying

The third step in home buying is a thorough review of possible homes. Although, I list this as the third step, in reality, people usually begin the process by searching homes on the internet.  That early search is more for general information purposes and the third step search is based on your actual situation.

Something that most people are not aware of is the fact that what appears in general on line searches is often far from reality.  Every on-line search uses information generated by listing agents and entered into the multiple listing service.  This information is sold to brokers and others that then regurgitate portions of it on their branded sites.

The public is not always privy to the facts. The information deemed for public knowledge is usually limited to price, beds, baths and general information.  The photos are taken by the listing agent.  The listing agent chooses what you see and what you don’t see.

Another problem with secondary sites is that they are not always updated on a regular basis. Homes may appear as active and available that are in fact under contract and no longer available.  Homes that are under contract but available for a back up contract are often missing from the secondary sites.  The secondary sites also are careful not to mention the “short sale” status of the home.

An agent can go through listings and give you an accurate picture of homes available.  Following the on line search, you will visit homes that seem to meet your criteria. The eyes and ears and knowledge of  an experienced agent are your best resource in this phase.

One final point, if you happen to go out looking at open houses, DO NOT…Let me repeat…DO NOT fall prey to a listing agent. The listing agent CAN NOT represent you and their only goal is to sell the home for their client (They can only represent the seller). You may have heard that you can get a better deal if you let the listing agent write an offer for you, it just isn’t true.  What ever savings you may think you have garnered is far surpassed by the lost opportunity of representation.  Every piece of information you share with the listing agent must be shared with the seller.  If you do not understand this advice, please contact me so I can explain the reality of unrepresented purchasing.

The thorough review of possible homes usually begins with an on line search of possible homes. You may have already discovered that the internet is a well stocked resource of homes. Here is another step that is aided by a good real estate agent.  The wide range of homes that show up on line are not always what they appear to be. An agent can go through listings and give you an accurate picture of homes available.  Following the on line search, you will visit homes that seem to meet your criteria. The eyes and ears and knowledge of  an experienced agent are your best resource in this phase. DO NOT…Let me repeat…DO NOT fall prey to a listing agent. The listing agent CAN NOT represent you and their only goal is to sell the home for their client (They only can represent the seller).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s