When buying or selling a house in Fort Myers, you will work with all sorts of interesting and talented people. Some will be extremely helpful, while others simply do their job and move on. It’s important to have a clear understanding of who is responsible for what and what their roles are when buying or selling a home. Below are just a few of the important people you will work with when buying or selling a house in Fort Myers.
#1 – Your Agent
For many people, hiring an agent is an important part of the buying or selling process. Your agent will help you market, show, and stage the home. They will offer guidance and negotiation services to help you get the best price possible. They’ll be a constant source of support, answering questions and helping you through the hard parts. A great agent will build a relationship with you, helping you with all of your real estate needs today and in the future. When working with an agent to buy or sell a home, make sure to nail down their responsibilities, so you know exactly what to expect. You can ask…
- How will property showings be handled?
- What kinds of marketing are included in your fee?
- Do you have references I may reach out to?
- How long have you been in business?
- When will I be able to view properties?
- What title company do you use?
- What are your ties to the local community?
- Do you provide options other than a traditional listing?
Now keep in mind, not every real estate transaction requires the help of an agent. Buying and selling directly is another route people take, particularly investors who will see it as an opportunity to save money. If you are hiring a real estate agent in Fort Myers, make sure you have a good one!
#2 – Your Title Rep
Title companies play an instrumental role in any real estate transaction. They will do a vast amount of research on the ownership history, also called a chain of title. They are looking to ensure the title is clean and that nobody else has a claim to the home. A title agent will also confirm the accuracy of the boundary lines and the usage rights. Handling all legalities and paperwork is a big part of your title rep’s role. A big part of their job is to ensure everything is in order when you reach the closing table. They’ll issue insurance, to protect the buyer against any issues that arise once the sale is finalized. They also make sure that everything is transferred correctly from the seller to the new buyer.
#3 – The Home Inspector
Home inspectors act as impartial observers during a crucial step in the home buying process. They perform a comprehensive examination of the property, typically from roof to foundation, meticulously documenting any existing issues or potential problems. This inspection can be ordered by the buyer after an offer is accepted, but it can also be beneficial to have one conducted before an offer is even made. This way, potential buyers can enter negotiations with a clear understanding of the property’s condition and avoid any nasty surprises down the road.
The inspector’s keen eye will focus on several key areas of the home, including the roof, plumbing, electrical systems, the foundation, and HVAC systems. Each of these components plays a vital role in the overall functionality and safety of the house. By identifying any defects or areas requiring attention, the inspector empowers buyers to make informed decisions. In fact, some forward-thinking sellers will have a home inspection done before listing their property. This allows them to address any issues beforehand, potentially increasing the home’s value and marketability, and avoiding complications or delays during the selling process. Ultimately, a licensed home inspector plays an integral role in ensuring a smooth and successful real estate transaction for both buyers and sellers.
#4 – A Lender
While a hefty down payment is often seen as a prerequisite to homeownership, there are numerous financing options available for buyers. Traditional lenders like banks and credit unions offer various mortgage products, each with its own requirements and interest rates. These loans typically require a down payment, though the percentage can vary depending on the loan type and your creditworthiness. For instance, government-backed FHA loans allow for a down payment as low as 3.5%, while conventional loans might require a higher percentage, typically around 20%.
Investors, on the other hand, often explore alternative financing avenues. Private lenders are a popular option, offering more flexibility than traditional lenders. This can be attractive for investors who are working with tight timelines or unconventional property types. However, private loans often come with higher interest rates and stricter terms compared to traditional mortgages. It’s crucial for investors to carefully weigh the pros and cons before opting for this route. Regardless of the financing path you choose, partnering with a reputable lender is key. Look for a lender with a strong track record of customer service and competitive rates. Don’t hesitate to shop around and compare options to find the best fit for your financial situation.
#5 – Mortgage Servicer
After you close on your house and your mortgage is finalized, the loan doesn’t necessarily stay with the original lender you worked with. Many lenders actually sell off the servicing rights to your mortgage to a different company. This company becomes your mortgage servicer, and it’s them you’ll interact with for the life of your loan. This means your monthly mortgage payment will be sent to their address, and their customer service department will be the ones to answer any questions you have about your loan balance, interest rate, or payment history. It’s important to keep their contact information handy, as you’ll need to reach out to them for any changes to your payment plan or to report any issues.
Working With Core Real Estate Properties
Working with Core Real Estate Properties allows buyers and sellers a unique experience when buying or selling real estate. What makes us so different is our ability to offer multiple options to the clients we work with. We can help you find properties that are both listed and off-market. When selling a house, we can present you with a variety of options so that you can choose the one that will best help you reach your goals.
Are you thinking about buying or selling a house in Fort Myers? Core Real Estate Properties can provide you with all of the resources and information you need. We’ll help you explore all of your options, making it easy for you to reach your real estate goals. Give us a call today to learn more about our company and what we are offering to real estate buyers and sellers in the Fort Myers area. 239-360-3176