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Consumer Tips

Whether you are buying or selling for the first time or consider yourself a veteran, here are some things to keep in mind.

Select the Right REALTOR® for You
Selecting the right professional for your needs can get your experience off to the right start.  

  1. Talk with recent clients. Ask potential agents for a list of clients they have helped in the last year. Contact them as ask about their experience.

  2. Talk to your friends, family and co-workers who they have worked with. Referrals can be the best source.

  3. Make sure the agent is a REALTOR®, a member of a local board of REALTORS®. In central Indiana, just ask the agent if they are a current member of MIBOR.

  4. Ask the agent if he or she has any advanced designations such as CRS or SRES and ask them what those designations mean for you.

  5. Browse at the agent’s current listings online.

  6. Interview multiple agents. You are establishing a relationship so select someone you will be comfortable with

 

Set Expectations
Once you begin, make sure you are sure what you want and communicate that with your REALTOR®

  1. If buying, obtain a written pre-approval from a mortgage lender so you know the price range you can afford. You don’t want waste time and energy searching for properties that are too high or too low for you.

  2.  Establish expectations with your REALTOR®. Ask them to walk you through the process you should expect.

  3. Communications is king! Make sure to establish some ground rules for communication. Let your REALTOR® know how often you would like to contacted and by what method. Do you prefer phone calls, emails or text messages? Let them know up front.


Homeownership Terms
In the home buying and selling process, you will hear numerous terms. For definitions to common real estate terms and acronyms, visit House Logic's Glossory of Real Estate Terms.

 

A Message from the FTC: Being savvy when you’re in search of a rental is well worth the effort

Moving to a new city? Planning a vacation? As you consider issues like size, cost, and location of the rental, also consider this: that rental listing could be a scam. Scammers often advertise rentals that don’t exist or aren’t available to trick people into sending money before they find out the truth. Learn more here.

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