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REAL ESTATE

We're in the business of helping people achieve their dreams by providing the wide selection of residential and commercial, retirement, businesses and other rural property for sale throughout the small towns and cities of rural America.

Whether you are selling or buying a home, selecting a real estate sales professional is one of the most important decisions you will make during the process. There are some very important guidelines you should consider when choosing a real estate professional. One of the first considerations is who the agent represents during the process.

When buying a home, whether it's your first, second or a vacation home, we are ready to help you to find a home, getting mortgage and any other decision you need to make.

When selling your home there are no guarantees that a buyer will simply walk through the front door. In many cases you may have to bring your home to the buyer. Choose one of the topics below to help you market your home.

It is important that you know the differences between a professional who represents a seller (the "traditional" role of a sales associate), a professional who represents a buyer, and one who represents both. In most areas, real estate professionals are now legally obliged to disclose, in writing, information on the various types of real estate agency relationships that exist. You should assume the real estate professional is working for the seller unless otherwise stated.

Seller's Agent: A real estate professional becomes a Seller's Agent by entering into a listing agreement to represent the seller's interests. The Seller representation may also be created when a real estate professional shows a property on the Multiple Listing Service and "buyer agency" has not been created. The Seller's Agent can provide information to assist the buyer, but they must place the interests of the seller first. A buyer should not disclose anything to the Seller's Agent they do not want the seller to know.

Buyer's Agent: A real estate professional becomes the Buyer's Agent by entering into an agreement to represent the buyer. A Buyer's Agent can assist the seller, but does not represent the seller. The Buyer's Agent must place the interests of the buyer first. A seller should not tell the Buyer's Agent anything they would not want the buyer to know, because the Buyer's Agent must disclose any pertinent information to the buyer.

Dual Agent: Dual agency occurs when a real estate professional represents both the seller and the buyer. It can also occur when the Listing or Seller's Agent works for the same real estate firm as the Buyer's Agent. In most states, the buyer, the seller, and the Agent must agree in writing for the creation of dual agency. The Dual Agent is required to treat the buyer and seller honestly and impartially. In dual agency, the professional's duties are more limited and there is potential for conflict of interest. You may hear the terms "transaction broker" and "intermediary" in association with dual agency.

WHEN YOU ARE SELLING A HOME

If you are selling your home, you may want to interview several sales professionals before selecting one to represent you. The real estate sales professionals you interview should cover the following items:

Discussion Points

Be Careful About

  • Pricing your home
  • Increasing your home's value
  • Marketing strengths
  • Negotiating the sale, your agent should review every offer with you and help you evaluate all aspects of each offer and its financial implications.
  • The agent should provide you with the local standard Contract for Sale along with typical addenda and a copy, for your review.

WHEN YOU ARE BUYING A HOME

The real estate sales professionals you interview should cover the following:

Discussion Points

Be Careful About

  • Agency relationships
  • How much home you can afford
  • The difference between being "pre-qualified" for a mortgage and being "pre-approved" for a mortgage
  • Key features you "must have" in your new home vs. those you would like to have
  • How to evaluate and compare the homes you see
  • The types of inspections you will want to have done on the property you select
  • Many real estate professionals who primarily represent buyers have been specially trained to do so and have received the Accredited Buyer Representative (ABR) designation; look for it when choosing a real state agent
  • The agent should provide you with the local standard Contract For Sale along with typical addenda and give you a copy for your review
 
 
 

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