Buying Your Home - Working With a Real Estate Agent
Can I use an agent for a home under construction or a custom built home?
Yes, however buyers should be
aware of the differences inherent in working with sales agents or community managers who are employed
by the builder, rather than traditional real estate agents.
commonly employ their own sales staff to assist in the marketing of their homes and a real estate agent to process the required sales agreements. Potential buyers may be swayed by the builders sales staff to believe they will receive a better sales price if they are not represented by a real estate agent. In most cases, this is not a true statement. The builder cannot "discount" the price of the home as the sales price dictates the comparable value of other new homes or homes currently under construction in that area. The builder may offer upgraded amenities or contribute more towards the closing however these costs are often, unknown to the buyer, blended into the sales price.
Representation by a licensed real estate agent ensures the buyer the benefit of a negotiated contract and the professional support desired during a complicated and stressful transaction.
What is the difference between a sales agent and a realtor?
Both obtained real estate licenses through the state process; however, in order for a licensee to use the "realtor" logo, the licensee must belong to the Realtor organization. This designation is over and above the obtaining of a real estate license; however, it is not state required.
How do I find a real estate
Getting a recommendation from a friend or work colleague is an
excellent way to find a good agent. Be sure to ask if they would use the agent
again. You also can call the managers of reputable real estate firms and ask
them for recommendations of agents with proven track records in buyer satisfaction. You should also interview at least three
agents to give yourself a choice.
A good agent typically works full-time and has
several years of experience. A GREAT agent has a support staff, can provide you with testimonials, comparative pricing tools to ensure you pay no more than fair market value and is familiar with the communities you are prospecting.
How much does my real estate agent need to know?
Real estate agents
would say the more detail you provide, the better they can home search and negotiate on your behalf. Some of the information you provide your real estate agent is personal and confidential. To protect your information, make sure you always have an endorsed agreement before you give your real estate agent money, financial documentation, or other information you feel requires protection.
How do I locate a licensee in Oklahoma?
Refer to http://www.ok.gov/OREC
What is the address and telephone number of the Oklahoma Association of Realtors?
Refer to the http://www.oklahomarealtors.com