Real Estate News with Terri Taydus, GRI, CNA

What Does It All Mean?

February 7th, 2012 12:07 PM by Taydus Taydus

So you are looking for a new home. It’s an exciting time, thinking about neighborhoods, school districts, the type of home you will buy, how you will decorate and make it your own – the possibilities are endless! This is the “fun” part of the home buying process.

Then there is the “business” side of the process (not saying that the business side can’t be fun J) You have questions…..LOTS of questions. You have heard all of the stories, the good ones, and the horrific ones. Well meaning friends and loved ones will offer advice until your head swims and you can’t see straight…..”You need to work with a Realtor”, “Don’t work with a Realtor, you can save money doing this on your own”, “The listing agent and title company will do the work for you, then you won’t have to pay a buyer’s agent”, or…..and I love this one…..”Only look for ‘For Sale By Owner’ and cut out working with a Realtor all together and save thousands!” I will not bore you with details of why all but working with a licensed Realtor makes sense however, if you would like answers to the above well meaning suggestions, please download a FREE copy of my “Buyer’s Guide” (found under the “Buyers” tab on my homepage) and read the chapter “A Good Buyer’s Agent Protects You.” I will say however that by hiring a Buyer’s Agent it typically will not cost you more (the seller typically pays the buyer’s agent’s commission) and it could save you thousands in costly mistakes. Just FYI, by using the listing agent as a “transaction broker” (someone that helps both buyer and seller navigate the sale / purchase of a home) does not typically save you money, and the agent working both sides of the transaction will usually make double the commission (or close to it.)

So what about the “fun” side? There are questions there as well. You drive around and see “For Sale” signs in the yard, you stop and pick up flyers from homes that look interesting (assuming the flyer box is full) and start gathering information. But with technology being what it is, you wonder….”If I text the number on the sign rider for more information, what will happen?” After all, you just want to see some photos and maybe learn a little more about the house you are standing in front of right? Well, in most cases if you text that number on the sign rider, it will send a text to the listing agent. Most likely within minutes your phone will ring and the listing agent will be on the other end of the line asking how they can assist you with the property you are standing in front of. Some folks may like that kind of service, for others it will feel a bit invasive – they really didn’t want to talk to anyone they just wanted some great info about the house to show up via text! Either way you will end up with more info about the home you are inquiring about, just know the ramifications of sending that text. Okay, so what is the deal with the QR code…you know that thing that looks like this:

I actually really like these! So many people use smart phones today, and by downloading a QR Reader (there are several free apps out there), you can use your phone to “read” the QR code on the sign or flyer box! This will open a website or other printed info on your phone with information about the house. I know I use QR codes on my listings to link people to the listing video or slideshow. This is an environmentally friendly way to capture info on the go!

There are so many other questions that potential home buyers have. Please feel free to post any questions here, and I will post a response within 24 hours (no obligation – I will only contact you directly if you indicate that you would like for me to do so.)

Posted by Taydus Taydus on February 7th, 2012 12:07 PM

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