Know Your Rights When Buying or Selling Real Estate

by Wood Real Estate 10/06/2019

All you need to know when you are buying or selling a home and what your rights are if you are not satisfied with the outcome.The stress that comes with making a mistake in the buying and selling process of a home is overwhelming most times. It is vital you take enough time to research homes if you want to purchase one or make the best investment decisions if you are selling.

Realtors or real estate agents are professionals who have been licensed in their state to promote the sale or purchase of a house. They must pass through professional training before obtaining a license and work in the confines of the strict ethical standards of the profession. So, how is a real estate agent useful to a consumer – buyer, and seller?

The Role of a Real Estate Agent to a Buyer

The following are the duties a real estate agent owes the home buyer.

- A real estate agent can assist a home buyer in finding the right kind of house, at the best price, and show them houses until they find the right one that suits their needs.

- In fact, they help their buyers go through all the buying process, from choosing the best mortgage companies to finding the perfect homes of their dream.

- The real estate agent reviews the daily activity of MLS (Multiple Listing Service) to find the hottest and trending houses or offers and real estate movements in their area.

- Most of them go the extra mile to educate the buyer about the home buying process. They prepare information packs in brochures and booklets and give to their clients to help them succeed in the buying process.

The Role of the Real Estate Agent to a Seller 

Real estate agents assist a seller to market or sell their homes. However, is that all they do to help the seller? Here are the other benefits a seller gets from the agent.

- They help you determine the fair market price of your property.

- The real estate agents market or advertise your property to prospective buyers.

- It is their duty to arrange for interested buyers to come to see your home and guide you through the process of closing a deal or an offer. 

Consumer’s Rights in the Home Buying Process

Consumer rights in the home buying process provide adequate security for the buyer. This means that without these rights, the home buyers are exposed to various risks and risks with respect to buying a home. So, consumer laws require home sellers to abide by certain specific standards.

Although these laws vary from state to state, most of them grant consumers the right to the followings:

- Select and interview a real estate agent who can assist you in buying a home.

- Understand the relationship existing between the agent and available property as well as the seller.

- Accept or reject a property based on the physical condition of the house.

- Negotiate for repairs on the property.

- Have a lawyer review the documents that are directly related to the home sale.

- Move into the property immediately the contract requirements are met.

When these rights are respected and the rules are followed, the real estate industry is a much more comfortable space to work in. So when you’re ready, go find a real estate agent who can help you make your real estate dreams a reality.

About the Author
Author

Wood Real Estate

 

Owner/Broker Cheryl Wood, a native Californian, has lived in the Delta community of Rio Vista since 1989. She began her Real Estate career in 1988 in the Bay Area. After only two years working as a sales associate, she passed the brokers exam to obtain her California Broker License.

In 1996 she began selling new homes in Trilogy Rio Vista, (formerly named Summerset Rio Vista) at the ground breaking of the new community.

After working for the builder for 5 years, the need for an experienced resale brokerage became more and more apparent and the first Trilogy resale brokerage was born.

In February, 2001 she began dedicating her Trilogy knowledge and expertise to specialize in Trilogy resale homes to better serve the residents of Trilogy with their real estate needs. She has an unsurpassed knowledge of building options, construction, and floor plans at Trilogy, and intimately understands the community and needs.

Her many years of local experience have also given her extensive knowledge of properties and real estate in the city of Rio Vista and the Delta at large. Few realtors in the area know Trilogy homes or the Rio Vista community better than Cheryl.

Cheryl enjoys working with the community of Rio Vista and her friends at Trilogy, and looks forward to continuing to provide the excellent service and expertise many have come to rely on.

Whether you or your friends are looking for a new or resale home, Cheryl and her team can help you through every phase of the process with friendly, attentive, expert service.

As a member of the National Association of Realtors, California Association of Realtors, the Solano Board of Realtors and the Solano County Multiple Listing Service, Cheryl Wood and her two full time agents, and her full time website, graphic and marketing support team, are dedicated to serving your real estate needs. They look forward to meeting you and working together!