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Why Use a Real Estate Agent?

Why use a Real Estate Agent?
One of the agents of Mile High Realty will help you understand everything you need to know about the buying process.
The process of buying a home or investment property generally starts with determining your buying power; that is, your financial reserves plus your borrowing capacity. Mile High Realty works with several outstanding mortgage professionals that can help you determine which loan best suits your needs.

The Search Begins
Once you know how much you can and want to invest, the next step is to find the properties that most nearly fit your needs. This is the time to choose a real estate professional. When picking a real estate agent look for one who you think will represent you best. Your real estate represents you to the selling agent and seller. Many consumers forget that real estate is a cooperating industry. Realtors should cooperate with each other to ensure a smooth transaction for both buyer and sellers.
Also consider whether the person with which you are working is in fact a REALTOR®. A REALTOR® is a member of the NATIONAL ASSOCIATION OF REALTORS®, a real estate trade association, and all members agree to abide by a 17 article Code of Ethics. A REALTOR® has many resources to assist you in your search. Sometimes the property you are seeking is available but not actively advertised in the market. It will take some investigation by your agent to find all available properties.

Choosing a property
Your job is to make the final selection of the right property for you. This is when excitement and emotion run high. Your real estate agent 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?

Negotiating
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. Your Mile High Realty agent can advise you as to which investigations and inspections are recommended or required.
Due Diligence
With a negotiated agreement in hand, it is time to complete 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. Any one of our Mile Realty agents 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. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your agent, title company or attorney can help you resolve issues that might cause problems at a later date.

Financing
As soon as you are reasonably sure the property is right for you, the process of obtaining financing begins. Your agent can help you understand different financing options and in identify qualified lenders.

Closing or settlement
Finally, there is the closing. At this point you will be presented with a settlement statement and loan documentation information. Closings in Colorado are typically handled through Title companies. Your Mile High Realty agent will be sure everything flows together smoothly.

Why use a Mile High Realty?
All real estate licensees are not the same. All Mile High Realty agents are members of the NATIONAL ASSOCIATION OF REALTORS®, and are properly called REALTORS®. Mile High Realty agents are committed to treat all parties in a transaction honestly and adhere to a strict code of ethics. Additionally, Mile High Realty agents maintain a high level of knowledge of the process of buying and selling real estate.
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 Mile High Realty agent!

Please contact us today! We’re were to help!
Give Mile High Realty a call at 303.741.5280, or email to learn more about buying a home in Denver Co or the surrounding area.

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