Tips For Researching Real Estate
If you are looking for real estate, but can't spend weeks in the area looking at
property after property, there are ways to make your property buying trip be more effective. These techniques are effective in reducing the number of properties that you visit with a real estate agent. You will want to choose the purchasing style that is best for your purposes.
The typical approach for buying a property at a distance is to call up a real estate seller's agent and ask about potential properties. This may work well for you, but most agents that have been hired to sell a property recognize that the commission usually comes from the seller. It is in the best interest of the agent (and the seller) to keep the price as high as possible. This may mean you, as the buyer, will pay more than you would have to.
Some of the unbalanced representation issues are reduced when you hire a buyer's agent to represent you as the buyer through the entire transaction. Although it is still in the best interest of both agent's to keep the market price of the property as high as possible, an agent who is looking after your interests may help to avoid some obvious pitfalls. A property agent working for you can help you to narrow down price ranges, neighborhoods and other must have amenities associated with your purchase.
A surprising amount of information about a community and even about a specific neighborhood can be found on the internet. You can check crime statistics, transportation routes, shopping facilities and medical facilities that are close by. If parks and walking trails are important, you can use the internet to look at close-by options.
Property value websites are becoming more common. You can look at a neighborhood and find out what its value was over the years. You can see how the value of a specific property compares to close-by recently sold properties. You can check tax records and county assessor records in many jurisdictions to determine is a property has liens against it, or if there are taxes owed.
Another tool that is readily available that can help you learn more about a specific property and about the neighborhood in which it is set is Google Earth. This is a free tool that allows users to see actual street level images of much of the property in the United States and in many other parts of the earth. Typing a property address will allow you to see a fairly recent image of the property taken from the street.
When you work with an agent, often you can arrange for an interactive video to be taken of the interior of a home you are considering. Other websites allow for a slide show walk through of the property. As long as the information is relatively current, this will offer the best opportunity to determine if the property is one that warrants further interest, including an on-site visit.
When you are searching for real estate, you could work through a property agent for good results. Doing internet research about statistical information on communities and neighborhoods is helpful. You can also find property value information on websites. Actual property images can be seen on map tools. You may request recent images through slides or interactive images.
by: Kimberly Harris
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