Hiring A Real Estate Agent As A First-Time Home Buyer

Hiring A Real Estate Agent As A First-Time Home Buyer

Stone_Bridge_Mortgage_Working with Real Estate Agents

When buying a home for the first time, it is incredibly important to have professional help. Buying a home is a complicated process, and you’ll need to have someone with experience on your side to make the home buying process smoother.

A qualified real estate agent is a must for first-time homebuyers. As with many of the technical aspects of homebuying, though, first-time buyers may experience confusion when searching for the right real estate agent. But what is a real estate agent, exactly? What is their job, and what can they do for you? Is it necessary to hire a realtor? What’s the difference between a realtor and a real estate agent?

A real estate agent, simply put, is a licensed professional who assists both buyers and sellers of real property. A good real estate agent can assist you with the home buying process in many ways. It should be noted that there is a difference between the buyer’s agent and the agent who lists the home you buy. When you hire a buyer’s agent, they will work with you and for your best interests. The listing agent is working to sell the property they represent.

When looking for a real estate agent, look for one who specializes in both your price range and neighborhood. Your agent previews likely properties on your behalf to save you time, so having someone who is familiar with working within your price range and neighborhood is beneficial. Skilled real estate agents possess skill and experience in negotiating, and will help you stay focused and calm. They will also be familiar with the required paperwork and the processes that come with purchasing a home and will help make sure you close on time.

Real estate agents qualify for their positions based on the requirements of the state they work in. The State of Oregon currently requires an additional 150 hours of education on top of a high school diploma or GED, a minimum age of 18, registration with the Oregon Real Estate Agency, and the passing of a state licensing exam. Realtors are agents who are also members of the National Association of Realtors, or NAR. NAR has a code of ethics that its members are expected to uphold and makes additional education available to its members (though it does not require it).

WHAT TO LOOK FOR

There are a few things you want to focus on when you decide to look for a real estate agent to represent you as a buyer. First-time homebuyers will want to look for the following qualities in a real estate agent:

A Full-Time Professional

While there are many people who act as a real estate agent on the side of what they do full-time, it is preferable to have someone who is more dedicated. A full-time professional with some years in the business will be more knowledgeable and capable.

Consistent and Dependable

You don’t want to be represented by an agent who has jumped between many different local firms. Look for someone who is steady, someone whose career would lend itself to experience.

Well-Linked and Respected

Reputation can often speak for itself. It doesn’t hurt to ask for recommendations or a list of clients from your potential candidates. Look online for reviews from their previous clients and check to make sure they have no complaints with your state Real Estate Division. An agent who has good professional relationships with other local agents can use that to your advantage. Remember, an agent who is licensed through a good firm and who has a good standing in the community is more likely to give you the help you need.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

Still looking for help with buying your first home? Stonebridge Mortgage Group offers experienced loan officer and mortgage broker services in Gresham. You can rely on Stonebridge Mortgage Group to help guide you through every step of the home buying process. We help get you pre-approved for a mortgage, assist with real estate loans, and provide mortgage solutions — both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. If you’re ready to buy your first home or commercial space, we’re ready to help you get there.

Call 503.661.5580

to get started on your Mortgage Financing Today

 

 

Working with Real Estate Agents

Hiring A Real Estate Agent As A First-Time Home Buyer

Stone_Bridge_Mortgage_Working with Real Estate Agents

The archetype of the modern real estate agent seems to project a predatory silhouette, especially in Portland’s current real estate market. While there is a sliver of truth—prospective homeowners in Portland content with rising prices, displaced residents, and rapidly gentrifying neighborhoods—there are hundreds of agents in Portland that will quickly forgo the hustle shtick in order to help you find the home of your dreams at a price you can afford.

Tips For Finding A Real Estate Agent

Finding these agents takes a bit of hard work, but it’s entirely worth the effort. An agent who will advocate for you, take all your needs into consideration, and attentively listen and thoughtfully respond to your concerns is pivotal to a happy homebuying experience.

Know What You Want

When working with any real estate agent, it’s important to have your needs known which means taking careful account of precisely what you’re looking for, what areas you find desirable, and what your deal breakers are. Potential buyers with no real plan in place may find themselves at the utter mercy of the market, with no real options besides those presented by real estate experts. Know what you want and stand by it firmly. Having a clear idea of how you want this process to proceed will prevent you from being taken advantage of.

Ask For Recommendations

Don’t discount word-of-mouth recommendations. Ask your friends and family to recommend a real estate agent they know and trust. Getting started with a modicum of trust, even if it is secondhand, will make relating to and getting along with your agent much easier.

Check Credentials

Make sure to check credentials, years in business, licensing, and recent clients. The more work you put into finding the right agent, the more likely it is you will find someone perfectly suited to help you find the house of your dreams.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

Stonebridge Mortgage Group can help you decide which best fits your goals. Stonebridge Mortgage Group offers experienced loan officer and mortgage broker services in Gresham. You can rely on Stonebridge Mortgage Group to help guide you through every step of the home buying process. We help get you pre-approved for a mortgages, assist with real estate loans, and provide mortgage solutions — both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. If you’re ready to buy your first home, we’re ready to help you get there.

Call us at 503.661.5580 to get started on your Mortgage Financing Today.

 

 

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