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People You Will Meet When You Purchase A Home

When you purchase a home, there are many people you will interact with and meet during the home buying process. There are more people than just the seller and buyer involved. Here is a list of a few of them and what their roles are to help you during the journey to home ownership.

Mortgage Broker/Loan Officer

The first person you will meet is the Mortgage Broker/Loan Officer.  You should get pre-approved before you start looking at homes. They will be able to tell you if you qualify to purchase a home and how much you will be able to afford.  Once you know that critical information you are ready to start looking at homes.

Real Estate Agent

A real estate agent will be the person who will help you look at what homes are available in the market and meet your financial and personal requirements.  They will show you homes, help you write and negotiate offer, and all the steps up until closing.  They are there to guide you through the process with their professional help. Not all real estate agents are REALTORS®.  A REALTOR® is a real estate agent that is a member of the National Association of Realtors.  They are bound to the organizations professional standards and requirements.

Sellers Agent

The person selling their home usually has a real estate agent as well.  The two agents will communicate and help negotiate the offer.  Each of them is bound to their client.

Home Inspector

If you have an inspection contingency in your offer, an inspector will come and do an inspection of the home and then give you a report telling you of their findings.  Typically, the buyer hires the home inspector and pays for the home inspection.

Insurance Agent

An insurance agent works for an insurance company.  They will match insurance policies to your needs and help explain the options to you.  They make sure policies are current and suggest changes to the policy as life circumstances change.  You will need to purchase home insurance when you purchase a home.  Make sure to shop around.

Title Agent

The title agent will search the records of the property and issue insurance on the title on behalf of a title insurance company.  They will make sure the title is legitimate and has no issues.

Escrow/Closing Agent

An escrow/closing agent oversees and facilitates the closing of the transaction.  They will forward payments to any prior lender and pay off all parties to the transaction.  They also take care of having the documents recorded in the county of the property.

As you can see,  there are many people involved in the home purchase process. Keep this list handy as you journey the path to home ownership. We have many REALTORS® that would be happy to help answer any questions you may have and help you find the perfect home.

As always, thanks for reading and we welcome any additional information or comments you may have.

 

www.EverStarRealty.com

www.EverStarPropertyManagement.com

509-735-4042

1920 N. Pittsburgh St., Suite A

Kennewick, WA 99336

Posted by: everstar on December 1, 2017
Posted in: Uncategorized