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2015-09-16 16:52:52
Why use a REALTOR®

Owning a home may be the American Dream, but the process of buying and selling one can be complex. You can ensure a smoother transaction through the help of a REALTOR®. Here are some tips to help you find the

 

 REALTOR® best suited to serve you:

1. Ask friends, neighbors, relatives and co-workers who’ve recently bought or sold homes in your area. Which company and agent did they work with? What kind of service did they receive? Would they work with the same agent again?

2. Check out FOR SALE signs in your area and note which ones have SOLD stickers on them. You want to be sure you’re choosing a company and REALTOR® who gets the job done.

3. Attend open houses in your area. At open houses, you can watch agents in action, judge their sales expertise and collect information on properties that are competing with yours. A top-notch agent will provide a fact sheet about the property and will be prepared with information on similar properties and listings for the entire area.

4. Look for companies that specialize in the kind of real estate you want to buy or sell. If you’re purchasing a new home, for example, you’ll want to look for a company that specializes in residential real estate rather than commercial property or appraisals.

5. Target REALTORS® located on your side of town. If an agent lives in the area, he or she is far more likely to have more information about area schools, businesses and places of worship.

6. Narrow your search to five or fewer. Once you’ve narrowed your search, you’re ready to start making contacts and can begin interviewing agents.

7. Find out whether the agent is a member of a professional association. The titles REALTOR® and REALTOR-ASSOCIATE® designate membership in a local board of REALTORS®, a state association such as the Utah Association of REALTORS® and the National Association of REALTORS®. Members are required to follow a strict code of ethics and are encouraged to pursue continuing real estate education.

8. Audition your agent. During each listing presentation, the agent will try to sell you on listing your house with his company. That provides you with an ideal opportunity to rate his or her preparation, competence and professionalism as well as the company’s services.

9. Look for an agent who shows enthusiasm and a positive attitude toward your house. That isn’t necessarily the person who talks fastest or longest. It may be the agent who asks a lot of questions and takes notes on decorating, construction, landscaping and personal property that will remain with the house.

The decision about whether to choose an experienced or inexperienced agent is a personal one. A licensed but inexperienced agent can do a fine job if he or she has completed an in-depth training program and is being guided by an experienced agent or broker. Sometimes a rookie’s enthusiasm and motivation outweigh a lack of experience. Some sellers, on the other hand, prefer working with a veteran REALTOR® who has established a successful sales record.

 

 Information provided by Cache Rich Association of REALTORS®

We measure the health of our nation’s housing market with several important tools. Our latest housing scorecard gives us a closer look at the impact our policies and programs are having on American families. As we look back on August, we saw continued progress in our nation’s housing recovery take hold, including strength in existing home sales and a spike in new home sales. It’s clear we must continue supporting programs that will help more American families and homeowners recover from the Great Recession.

Below is a detailed look at some of the top trends:

  • Sales of previously owned (existing) homes rose for a third straight month in July. The National Association of Realtors® (NAR) reported that sales of existing homes (including single-family homes, townhomes, condominiums, and cooperatives) climbed 2.0 percent in July to 5.59 million (SAAR)–the strongest pace since February 2007.  Sales were 10.3 percent higher than one year ago and have increased year-over-year for ten consecutive months. The share of first-time buyers shrank to 28 percent, however, the smallest percent since January.
  • Purchases of new homes climbed to 507,000 (SAAR) in July and have now been above the 500,000 mark for five of seven months this year.  Purchases of new homes rose 5.4 percent, the strongest increase this year, and were 25.8 percent higher than a year earlier. Data on new home sales can be volatile and are often revised. (Source:  HUD and Census Bureau).

The Administration’s programs continue to help struggling homeowners. More than 9.8 million mortgage modifications and other forms of mortgage assistance arrangements were completed between April 2009 and the end of July 2015, including more than 2.4 million homeowner assistance actions through the Making Home Affordable Program, nearly 2.9 million through the Federal Housing Administration’s loss mitigation programs, and more than 4.5 million proprietary modifications through June (data are reported with a two-month lag).

Although there is good news overall, the Administration remains committed to helping more Americans realize their dream of home ownership through an improving economy and new programs that will provide greater access to credit.

This is just a brief overview of the August Housing Scorecard. For more information about the health of the housing market and how Administration programs are helping families please visit: www.hud.gov/scorecard.

Katherine O’Regan is the Assistant Secretary for the Office of Policy Development & Research.


Connect with HUD on social media and follow Secretary Castro on Twitter and Facebook.

- See more at: https://blog.hud.gov/index.php/2015/09/11/measuring-progress-housing-market-12/#sthash.6WiJe9h4.dpuf

We measure the health of our nation’s housing market with several important tools. Our latest housing scorecard gives us a closer look at the impact our policies and programs are having on American families. As we look back on August, we saw continued progress in our nation’s housing recovery take hold, including strength in existing home sales and a spike in new home sales. It’s clear we must continue supporting programs that will help more American families and homeowners recover from the Great Recession.

Below is a detailed look at some of the top trends:

  • Sales of previously owned (existing) homes rose for a third straight month in July. The National Association of Realtors® (NAR) reported that sales of existing homes (including single-family homes, townhomes, condominiums, and cooperatives) climbed 2.0 percent in July to 5.59 million (SAAR)–the strongest pace since February 2007.  Sales were 10.3 percent higher than one year ago and have increased year-over-year for ten consecutive months. The share of first-time buyers shrank to 28 percent, however, the smallest percent since January.
  • Purchases of new homes climbed to 507,000 (SAAR) in July and have now been above the 500,000 mark for five of seven months this year.  Purchases of new homes rose 5.4 percent, the strongest increase this year, and were 25.8 percent higher than a year earlier. Data on new home sales can be volatile and are often revised. (Source:  HUD and Census Bureau).

The Administration’s programs continue to help struggling homeowners. More than 9.8 million mortgage modifications and other forms of mortgage assistance arrangements were completed between April 2009 and the end of July 2015, including more than 2.4 million homeowner assistance actions through the Making Home Affordable Program, nearly 2.9 million through the Federal Housing Administration’s loss mitigation programs, and more than 4.5 million proprietary modifications through June (data are reported with a two-month lag).

Although there is good news overall, the Administration remains committed to helping more Americans realize their dream of home ownership through an improving economy and new programs that will provide greater access to credit.

This is just a brief overview of the August Housing Scorecard. For more information about the health of the housing market and how Administration programs are helping families please visit: www.hud.gov/scorecard.

Katherine O’Regan is the Assistant Secretary for the Office of Policy Development & Research.


Connect with HUD on social media and follow Secretary Castro on Twitter and Facebook.

- See more at: https://blog.hud.gov/index.php/2015/09/11/measuring-progress-housing-market-12/#sthash.6WiJe9h4.dpuf

We measure the health of our nation’s housing market with several important tools. Our latest housing scorecard gives us a closer look at the impact our policies and programs are having on American families. As we look back on August, we saw continued progress in our nation’s housing recovery take hold, including strength in existing home sales and a spike in new home sales. It’s clear we must continue supporting programs that will help more American families and homeowners recover from the Great Recession.

Below is a detailed look at some of the top trends:

  • Sales of previously owned (existing) homes rose for a third straight month in July. The National Association of Realtors® (NAR) reported that sales of existing homes (including single-family homes, townhomes, condominiums, and cooperatives) climbed 2.0 percent in July to 5.59 million (SAAR)–the strongest pace since February 2007.  Sales were 10.3 percent higher than one year ago and have increased year-over-year for ten consecutive months. The share of first-time buyers shrank to 28 percent, however, the smallest percent since January.
  • Purchases of new homes climbed to 507,000 (SAAR) in July and have now been above the 500,000 mark for five of seven months this year.  Purchases of new homes rose 5.4 percent, the strongest increase this year, and were 25.8 percent higher than a year earlier. Data on new home sales can be volatile and are often revised. (Source:  HUD and Census Bureau).

The Administration’s programs continue to help struggling homeowners. More than 9.8 million mortgage modifications and other forms of mortgage assistance arrangements were completed between April 2009 and the end of July 2015, including more than 2.4 million homeowner assistance actions through the Making Home Affordable Program, nearly 2.9 million through the Federal Housing Administration’s loss mitigation programs, and more than 4.5 million proprietary modifications through June (data are reported with a two-month lag).

Although there is good news overall, the Administration remains committed to helping more Americans realize their dream of home ownership through an improving economy and new programs that will provide greater access to credit.

This is just a brief overview of the August Housing Scorecard. For more information about the health of the housing market and how Administration programs are helping families please visit: www.hud.gov/scorecard.

Katherine O’Regan is the Assistant Secretary for the Office of Policy Development & Research.


Connect with HUD on social media and follow Secretary Castro on Twitter and Facebook.

- See more at: https://blog.hud.gov/index.php/2015/09/11/measuring-progress-housing-market-12/#sthash.6WiJe9h4.dpuf

We measure the health of our nation’s housing market with several important tools. Our latest housing scorecard gives us a closer look at the impact our policies and programs are having on American families. As we look back on August, we saw continued progress in our nation’s housing recovery take hold, including strength in existing home sales and a spike in new home sales. It’s clear we must continue supporting programs that will help more American families and homeowners recover from the Great Recession.

Below is a detailed look at some of the top trends:

  • Sales of previously owned (existing) homes rose for a third straight month in July. The National Association of Realtors® (NAR) reported that sales of existing homes (including single-family homes, townhomes, condominiums, and cooperatives) climbed 2.0 percent in July to 5.59 million (SAAR)–the strongest pace since February 2007.  Sales were 10.3 percent higher than one year ago and have increased year-over-year for ten consecutive months. The share of first-time buyers shrank to 28 percent, however, the smallest percent since January.
  • Purchases of new homes climbed to 507,000 (SAAR) in July and have now been above the 500,000 mark for five of seven months this year.  Purchases of new homes rose 5.4 percent, the strongest increase this year, and were 25.8 percent higher than a year earlier. Data on new home sales can be volatile and are often revised. (Source:  HUD and Census Bureau).

The Administration’s programs continue to help struggling homeowners. More than 9.8 million mortgage modifications and other forms of mortgage assistance arrangements were completed between April 2009 and the end of July 2015, including more than 2.4 million homeowner assistance actions through the Making Home Affordable Program, nearly 2.9 million through the Federal Housing Administration’s loss mitigation programs, and more than 4.5 million proprietary modifications through June (data are reported with a two-month lag).

Although there is good news overall, the Administration remains committed to helping more Americans realize their dream of home ownership through an improving economy and new programs that will provide greater access to credit.

This is just a brief overview of the August Housing Scorecard. For more information about the health of the housing market and how Administration programs are helping families please visit: www.hud.gov/scorecard.

Katherine O’Regan is the Assistant Secretary for the Office of Policy Development & Research.


Connect with HUD on social media and follow Secretary Castro on Twitter and Facebook.

- See more at: https://blog.hud.gov/index.php/2015/09/11/measuring-progress-housing-market-12/#sthash.6WiJe9h4.dpuf
 
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