Article provided by: RE/MAX Commercial Group
When you hire a realtor, there are basically two ways in which you can protect yourself. The first way is to get a referral from a friend, a family member, or a co-worker. If that is not a viable option for you, then the next best thing that you can do is to choose a realtor that is reputed - a realtor from a trusted company like RE/MAX Commercial Advisors. Did you know that RE/MAX sells more properties than anyone in the world? Check out our reviews online at your own leisure.
It is not advisable to go online and blindly select a realtor without having fully researched the transactions that the person or company has conducted. It's important to do your homework and to read reviews to get a sense of how the realtor operates before taking the next step. Again, the best bet is to hire a trusted name if you want to avoid any potential pitfalls that come with hiring the wrong realtors in Houston, TX.
The Due Diligence Process
When you choose RE/MAX realtors in Houston, TX, we will make sure that you are covered in all of the ways that you should be covered. We'll make sure that you know the important terms before you get into a contract - terms like due diligence. A due diligence period is negotiable, and on average, it lasts around ten days. During this time, you can hire a home inspector, take your friends and family to the property, and you can even come out of the contract during this period.
RE/MAX Commercial Advisors represents both buyers and sellers. For the due diligence process, we will try to get it up to 10-14 days if you are the buyer. If we represent the seller, we'll get that down to around 7 days.
Understanding Financing Contingency
If you are taking out a loan for your property, then you have what is called "finance contingency." Let's say you are taking out an FHA loan. The financing contingency is in the contract, but the period length of the financing contingency is negotiable. The average in the Houston market is around 21 days. What that does for you, as the buyer, is that after the 21st day o the binding agreement, you can get your earnest money back if you were not able to get the final approval, so long as you have a denial letter from your loan officer.
Choose RE/MAX for the Best Realtors in Houston, TX
The reason that you should hire a realtor in Houston, TX is to remind you of the things that you need to know and to protect your best interests at every step of the buying or selling process. Just like you would be better served by having a lawyer in court, so too, you would be better served by having a realtor in Houston, TX. Contact RE/MAX today to get started.Realtors In Houston Tx