Real Estate Agents - How to Market to First Time Home Buyers ...

Our recent economic downturn has meant a sluggish market for home sellers, through a combination of high foreclosure rates and declining property values. Those same factors have made the market very attractive for buyers however, and with signs that the economy is starting to rebound, there are some excellent opportunities available for people interested in primary homes, vacation homes, or investment properties.

Work with the best

One of the best ways to take advantage of a once in a lifetime deal is through working with a qualified local realtor. Your real estate agent has an abundance of information about the local community- everything from nearby schools and shopping centers to local history and trends in real estate sales.

Guidance and advice

First time home buyers will especially benefit from the assistance of a realtor. Your agent will help find a house that best suits your needs and your budget. Your realtor can also help with guidance and advice in negotiating the sometimes overwhelming amount of process and paperwork involved in a real estate transaction.

Value added resources

You realtor may also be able to provide you with access to tools and online powered services that make the home purchase process faster and easier.

• Search tools- find the home of your dreams, research the property history.
• Listing tools- help with selling your current residence.
• Information repository- articles and how-to guides will help you better understand the real estate industry and aid you in making better decisions.

How to Find the Perfect Home

When you are getting ready for a first time home purchase or thinking about moving into a new one, there are so many considerations it can get a little overwhelming. Buying a home can be stressful and emotion packed, and to make the best possible decisions, it helps to think through some of the options in advance.

Before getting bogged down in specifics like how many rooms, square footage, or even price, take a step back and consider the practical needs your perfect home should fulfill. Do you lead an active lifestyle, or do you prefer to spend time indoors? Do you work from home, or do you have multiple family members that own vehicles for a daily commute? What hobbies do you and your family enjoy? In what areas are you limited by your current residence? Make a big list of the jobs that your house needs to perform, and assign a priority to them.

The next thing to consider is how well a house will adapt to needs that grow and change over time. You could be in your house for 5 years, 10 years, or even longer. For a young family, that could mean the difference between a spacious house with a young infant to one bursting with rambunctious teenagers a few years down the road. Your own situation may change less dramatically, but it is beneficial to look at your long term goals and think through how your house should complement those plans.

The location of your potential home will play a large part in how well it fulfills your lifestyle needs, both now and in the future. Someone interested in starting and raising a family will have a completely different perspective on location than a career oriented single person. Proximity to stores, schools, churches, transportation, and even recreational facilities will have varying degrees of importance to people. By prioritizing your list and familiarizing yourself with your potential future neighborhood, you'll be making a much more informed decision.

It may seem like putting the cart before the horse, but pre-identifying the lifestyle needs of your house can inform and answer many of the more practical questions. When you make a list of important features and priorities in advance, you can save yourself from getting caught up in the emotion of a good deal that may fall short of some critical needs. Your real estate professional is an excellent resource through this process. Your agent knows information about the neighborhood that isn't easily discovered by searching the internet, and can help save time and effort in finding the perfect house.

Source: http://openhandliving.blogspot.com/2012/02/real-estate-agents-how-to-market-to.html

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