Picking an Agent

Glossary Of Terms For The Real Estate Industry

Below are some terms and their meaning, you may often hear in the real estate industry.

Agent
An authorized person who manages or transacts business for another. Laws governing real estate–especially relating to agents–vary considerably from state to state. While some standardization has been achieved, it is best to check the particulars in each state.

Buyer Agent
An agent who represents the buyer in a real estate transaction. A buyer agent may be paid by the buyer, seller, or listing agent at closing, provided all parties consent.

Dual Agent
An agent representing both parties in a transaction. In almost every state, dual agency is illegal and unethical without the written consent of both the buyer and the seller.

Listing Agent
The agent who represents the seller.

Selling Agent
The agent who obtains a buyer. A selling agent may represent the buyer, or

Top 10 Tips For Buying New Construction

Top 10 Tips For Buying New Construction

Top 10 Tips for Buying New Construction

Purchasing new home construction requires a more thoughtful approach than typically associated with buying an already-established dwelling. This is because there are many diverse factors a buyer must take into account to ensure they are fully satisfied with the acquisition. Everything from the area where a property is located to selecting an experienced agent should be considered before making any lasting decisions.

A bit of planning and forethought will help virtually all buyers obtain the property of their dreams. Employing the following tips can lead buyers on the road to their new home, while also assuring they receive the best possible value for their money.

  1. Prior Research Is Crucial

Getting a read on your builder’s reputation is a must, which requires doing a bit of research. Online reviews are ideal in this case, because they can allow you to identify trends in your builder’s previous working