Only real estate licensees who are members of the NATIONAL
ASSOCIATION OF REALTORS® are properly called REALTORS®. They
proudly display the REALTOR "®" logo on the business card or
other marketing and sales literature. REALTORS® are
committed to treat all parties to a transaction honestly.
REALTORS® subscribe to a strict code of ethics and are
expected to maintain a higher level of knowledge of the
process of buying and selling real estate. An independent
survey reports that 84% of home buyers would use the same
REALTOR® again. Realtors in Utah County use the MLS
(Multiple Listings Service) to locate most of their homes.
Real estate transactions involve one of the biggest
financial investments most people experience in their
lifetime. Transactions today usually exceed $100,000. If you
had a $100,000 income tax problem, would you attempt to deal
with it without the help of a CPA? If you had a $100,000
legal question, would you deal with it without the help of
an attorney? Considering the small upside cost and the large
downside risk, it would be foolish to consider a deal in
real estate without the professional assistance of a
REALTOR®.
Team Teasdale of Remax Results Realty can help you determine
your buying power - that is, your financial reserves plus
your borrowing capacity. If you give a REALTOR® some basic
information about your available savings, income and current
debt, he or she can refer you to lenders best qualified to
help you. Most lenders -- banks and mortgage companies --
offer limited choices.
Team Teasdale can assist you in the selection process by
providing objective information about each property. Agents
who are REALTORS® have access to a variety of informational
resources. REALTORS® can provide local community information
on utilities, zoning. schools, etc. There are two things
you'll want to know. First, will the property provide the
environment I want for a home or investment? Second, will
the property have resale value when I am ready to sell?
Team Teasdale can help you negotiate - There are myriad
negotiating factors, including but not limited to price,
financing, terms, date of possession and often the inclusion
or exclusion of repairs and furnishings or equipment. The
purchase agreement should provide a period of time for you
to complete appropriate inspections and investigations of
the property before you are bound to complete the purchase.
Team Teasdale can advise you as to which investigations and
inspections are recommended or required.
Team Teasdale provides due diligence during the evaluation
of the property - Depending on the area and property, this
could include inspections for termites, dry rot, asbestos,
faulty structure, roof condition, septic tank and well
tests, just to name a few. Team Teasdale ® can assist you in
finding qualified responsible professionals to do most of
these investigations and provide you with written reports.
You will also want to see a preliminary report on the title
of the property. Title indicates ownership of property and
can be mired in confusing status of past owners or rights of
access. The title to most properties will have some
limitations; for example, easements (access rights) for
utilities. Team Teasdale ®, title company or attorney can
help you resolve issues that might cause problems at a later
date.
Hire a
Realtor in Utah County Part II