How To Choose A Real Estate Agent (And Other Questions From The Mailbag)

2019-06-12

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What should you look for in a real estate agent before you begin working with them? Are HOAs good or bad? What does it mean to buy a house “as is”? Angie will answer these questions and more as we go through the mailbag. Full show notes here: https://www.acolerealty.com/blog/how-to-choose-a-real-estate-agent-and-other-questions-from-the-mailbag/ ----more---- 0:39 Closing Recap: Investment property Edward and Meredith, who were referred from a past client, just closed on an investment property. They found...

Full show notes here: https://www.acolerealty.com/blog/how-to-choose-a-real-estate-agent-and-other-questions-from-the-mailbag/

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0:39 Closing Recap: Investment property

Edward and Meredith, who were referred from a past client, just closed on an investment property.
They found a rental investment property near NC State.
Set to close in less than 30 days, they had a quick process to buying this property.
You have to think about the long-term, not just a quick fix.

8:23 Choosing a real estate agent

Berta has done lots of research about working with a real estate agent but is having a hard time deciding. How can she narrow it down?
Make sure to compare their marketing, pricing strategies, and the personality fit.
Once you start working with them, you’re “married” to them through closing.
You want them to look out for you and your best interests.
Do not always go with the agent that gives you the best price--choose the agent who is honest and educates you.

13:58 Avoiding an HOA

Emily in Holly Springs is not a fan of HOAs and their restrictions. Is she missing out on some great homes?
Remember that about 75% of homes in the Triangle are probably managed by an HOA.
Every HOA is different, some are minimal.
There are some neighborhoods that are strict, but many are lenient.
An HOA is there to maintain values in your neighborhood.
You’ll likely need to go on the outskirts of town to find a home without an HOA.

17:00 Buying as is

Stone in Wake Forest wonders what he should know about finding a home “as is” and what that means.
All homes in North Carolina are sold as is in their current condition.
There is an understanding that both parties will be reasonable when it comes to due diligence.
When real estate agents make it clear from the beginning, that is stating that the seller is not as willing to negotiate regarding repairs.

21:16 Selling with a tenant

Tabby in Knightdale is having a hard time selling her home and is paying two mortgages right now. Will having a renter in her old home make it harder to sell?
Yes, it is more difficult to sell a home with a tenant still in it.
Tenants do not keep the home as tidy as an owner would, but they also may deny the showing requests.
The new owner will have to honor existing lease agreements.

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