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Selling Real Estate:
"The Players"
Find and Compare Agents at HomeGain.com
Even
if you go the route of selling your own house, you will need to have contact with an number of different "Players"
in the transaction. Of course, you will have to deal with buyers (and their lenders), but you will most likely
also have to deal with a professional home inspector and closing or escrow agents or attorneys. By knowing who
is responsible for what, you will minimize the chances of someone dropping the ball during the transaction. Dropped
balls can become very expensive when they occur during the sale of real estate!
Buyers:
Of course, your primary focus. Get to know what to expect before you put your home on the open market. Don't make the assumption that "they
are all the same." They aren't!
Real Estate Agents: The Agent will generally act as a coordinator of many of the other parties involved,
including yourself. An effective Agent can save you an enormous amount of work, and although they come with a price
(yes, the commission) they may be worth their cost. You can compare Agents and have them compete for your business
at HomeGain.com.
Lenders:
Unless your buyer is paying cash, you will need to familiarize yourself with the various sources of mortgage money.
If you plan to carry a mortgage for a buyer yourself, consult an excellent real estate attorney and a financial
advisor to protect yourself.
Professional Home Inspector:
You may deal with this "player" up front, if you decide to conduct a pre-listing inspection,
or you may deal with an inspector hired by the buyer.
Closing Agents and Attorneys: Depending on the locality, you may have one or more closing agents involved in
the transaction. The buyer will certainly have a closing agent that will represent them in the transaction.
