Editor’s note: This is the first in a three-part series on specializing in the real estate industry. One of the first questions I ask newly licensed real estate agents or low to medium producers.
Your real estate agent wants your transaction to close smoothly, without hiccups or surprises, and one of the biggest factors of buying a home is the financing end of the arrangement. It’s a place where many things can go wrong, from a mortgage lender being careless when scrutinizing the loan application, to misplacing documents, not asking for the right documents, overlooking potential.
"Real estate agents are there to sell the dream but it’s not going to look like that once you move into it. First-home buyers just need to remember not to get too emotionally attached to a property because of the furniture or styling," Mr Singh said. He added that the same idea goes for house and land packages or off-the-plan apartments.
Today’s top real estate companies all have mobile apps, as do sites like Zillow, Trulia, Realtor.com, Homesnap, OpenDoor, etc. The typical home buyer will look at 7 to 10 websites before deciding to work with an agent and competition for those eyeballs is fierce."
Millennials do love their high-tech gadgets but still rely on the wisdom of real estate agents, as noted by 87% of them eventually going to agents for assistance. Millennials now make up 32% of all home buyers nationally, which is the largest proportion of any generation. The Gen X home buyers make up 27% of buyers.
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A down payment that’s less than 10% will strangle your budget with massive monthly mortgage payments. But if you want to get prepared to buy and you’re committed to your budget, here are some options to consider:. 90% of millennial home buyers used real estate agents to purchase their.
Millennials are very independent and always on the move. As of 2017, they have become the largest age group of homebuyers, which means that it’s time for real estate agents to master the art of real estate marketing to millennials. We asked experts to share marketing tips to reach these aspiring homeowners today best. Here.
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