Lake Conroe Real Estate Agents

When it comes to discussing about Lake Conroe real estate agents, there are a few crucial aspects that should be taken into consideration. Lake Conroe property is situated outside Houston, Texas, allowing you to relish beautiful scenic views as well as urban city life in Houston. You have the option to select from property located on the waterfront for the best activities and views on the water. Some properties contain their own dock, meaning that you have storage space to store your boats and other equipment. In this article, you will be able to find out about some vital aspects that go into buying property in the Lake Conroe area.

Lake Conroe Real Estate

The pricing for this property tend to vary a great deal based on numerous factors. The cost is likely to hinge upon the size of home your want, the specific location of your property, and the facilities that you will want to be included in the property. This particular area has turned into a popular resort for both the Texas residents and tourists who constantly visit Houston and the surrounding areas. In addition to the fact that there are homes of all sizes, there are a variety of price ranges in this locality.

There exist many distinct neighborhoods in the area of Lake Conroe, Texas. Some of the most popular areas that you can consider buying include Bentwater, April Sound, Seven Coves, and Del Lago. Before choosing your desired area, you may want to visit each of these neighborhoods, and other areas surrounding the neighborhoods. Considering the proximity of Lake Conroe homes from Houston, you will find that all of your needs can be best met within this small Texas district.

In case you are searching for investment homes in this area, you should know that you are in the right region of Texas to find homes that are fairly popular and rewarding. Considering the fact that this region is one of the fastest growing regions in the Texas, it is arguably one of the best investments for those looking to invest in the real estate market. Moreover, land can be bought for custom building as well.

When you are looking for something that can suit your specific needs, custom home building is often the best choice available. There are a number of custom home builders available in the area. If you are looking to invest in rental homes, Lake Conroe is one of the best choices to consider.

With that being said, investing in any real estate market can be a challenging task, especially if you are not familiar with the market. That is why real estate agents are crucial. As far as Lake Conroe real estate market is concerned, you will need to hire the services of the best Lake Conroe real estate agents. And, one such name is Patti Shannon Properties. Not only are they well familiar with the environment and lifestyle of the area, but they also possess excellent expertise to help you to get just the type of home you are looking for.

Patti Shannon Properties

Cost of Hiring a Real Estate Agent

If you have sufficient experience in purchasing homes, you might be able to get by without using a real estate agent. However, if you are a first-time home buyer, hiring a real estate agent will make your home-buying process a much easier one. Whereas realtors belong to professional associations, agents and brokers represent buyers or sellers in property transactions. Agents are not formally trained for the job, but a broker (can be an individual or a company) has more training and education in the field.

Hiring a Real Estate Agent

Cost of Hiring A Real Estate Agent

Real estate agents are generally paid a commission of around 6% of the sale price of a home. The 6% amount is usually split in half between the buyer’s and seller’s agents.

For a Buyer

If you are a buyer, you pay nothing for the expertise, knowledge and the help that your agent offers. It is the seller that has to pay the commission to the buyer’s agent as well as the listing agent. If you decide not to use an agent, the seller does not have to obviously pay for that and you may perhaps be able to negotiate a reduction of the commission amount in the sale price of the home.

For a Seller

If you are a seller, as already mentioned, you have to pay the commission for the buyer’s agent as well as your listing agent. Each agent therefore receives around 3% as commission. They may have to pay an amount ranging from 0.5% to 1% to the broker if the agent works under one.

The commission percentages may vary slightly by the agent. Whereas some sellers hire discount agents who are entitled to only a flat fee, others may decide to sell the property on their own without hiring any agent. Some agents also take a slightly higher percentage (say 7% or 8%) and offer a higher value to the buyer’s agent. This encourages more agents to bring in buyers to look at your property on sale.

However, as a seller, it is important that you choose a real estate agent who knows how to market the property using traditional as well as online/digital methods.

Benefits of Using a Real Estate Agent

If you are a buyer, the benefits of using a real estate agent are that they educate you about the market status, analyze your requirements, guide you into buying homes that fit your criteria, negotiate during the buying process, take care of the documentation, and solve any issues that may arise. It is in your best interest to hire an agent (it does not cost you more if you have one) as you will not be getting any guaranteed reduction by eliminating the agent’s commission.

If you are a seller that has directly put up your house for sale (FSBO), there is a disadvantage that most buying agents do not talk about such properties to their clients. This is because the seller is not paying any commission to realtors.

However, a buyer’s agent may inflate the price of a home because of the higher commission that they may make on the deal.

In conclusion, hiring an experienced and trustworthy real estate agent early in the home-buying process keeps hassles to a minimum.

Top 10 Real Estate Myths

Real Estate myths are extremely common, therefore the following will debunk the top 10 that have been floating about for quite some time now. The myths that are listed below are not in any specific order, they just happen to be misconstrued and commonly heard by the public at large.

Real Estate Myths

1. Real Estate Agents are All the Same

This myth can easily cause both buyers and sellers to make substantial mistakes when selecting an agent to represent their specific interests. Every real estate agent in the industry has a different traits, experience levels as well as skills. There is also a substantial difference between agents that work with buyers and those that work with sellers.

2. Every Agents Makes a Great Deal of Money

A real estate agent that is successful is able to make a fairly nice yearly income. The amount of effort money and time that top agents need to put for is more significant that people fathom. Also, real estate agents do not make 6% commission on a home no matter what. There are a number of things that effect the commission percentage that is earned and one important factor that needs to be noted is that commissions are negotiable.

Real estate agents are also responsible for their own: advertising expenses, licensing, vehicle maintenance, fuel, health insurance and more. Factor all of that in, they are not “rolling in money”.

3. Price to Leave Room for Negotiations

Pricing a home incorrectly can very well be the kiss of death. There are several pricing mistakes that are commonly made by sellers. The most common of the mistakes is pricing it higher in order to leave room for negotiations with potential buyers. This can lead to a great deal of frustrations and possibly lead to the home remaining dormant of the market for an extended period of time. Especially now with the information that is readily available via the internet, buyers are far more savvy than ever before. They will not waste their time even enquiring about a home that is overpriced.

4. With a Listing Agent, You Will Get a Better Deal

The purchase of a home is a process that is quite complicated. This is why it is so very important that you enlist the service of a great real estate agent to represent your very best interests. Many believe the myth regarding a listing agent because they are seen as working with both sides. What is not recognized is the fact that the listing agent is still representing the seller. With that in mind, how very hard do you think that the listing agent will negotiate the pricing with the seller?

5. Pre-Approval Happens After You Find a Home

Waiting until after a home has been found is a huge mistake for a number of reasons. A buyer should want to be approved for a mortgage before the hunt for homes begins. Searching for a home can be quite frustrating, exciting, time consuming and more. Therefore, eliminate the chance of disappointment by getting pre-approved for a mortgage amount and narrow your search around that amount.

6. Open Houses Sell Homes

Only an estimate 2% of homes are sold via open houses.

7. “For Sale by Owner” Saves A Lot of Money

Most that partake in this practice lose money. This is due to overpricing, transaction mishandling and poor negotiations.

8. Agents Only Show Listing For Their Companies

Agents that belong to their local MLS and real estate board have access to multiple listings, not simply those under the umbrella of their respective companies.

9. Agents Will Do and Say Anything to Make a Sale

Agents are held to a very strict code of ethics as well as rules and regulations. Should they break any of the rules and guidelines they risk loss of license and more.

10. There is No Need to Prepare a Home for Sale

Proper preparation is the difference between a quick sale and the home lingering indefinitely on the market. It can also affect the final cost of the home when purchased.

Home Selling Tips 2015

When it comes to discussing top home selling tips 2015, there are a few essential aspects that need to be taken into consideration. The idea of moving by itself can be stressful, and when you factor in everything that goes into selling property, it can turn out to be a daunting experience. However, if you are well-prepared and equipped with right resources and plans, then it does not have to be so daunting. If you are looking to sell your home in 2015, then you must consider these tips, as these suggestions will help you get a fair price, thereby allowing the entire process to go smoothly.

Home Selling

First, you need to start preparing now. You need to ensure that you have ample time to prepare for the big development, as it is essential to attract the attention of a prospective buyer. The more time you spend focusing on the preparation of your home, the better chances you will have of landing the right offer.

Second, keep control of your emotions. Considering the fact that your home can have some sort of emotional attachment in your life, it is crucial for you to be prepared for dealing with the emotional aspect of selling your home. Usually, the hard work and memories associated with a home make people think whether or not the buyers are offering the right price. However, buyers are also looking to get the best deal, similar to buying any big item. This is where a good real estate agent can come handy, as he may be able to negotiate a price that is acceptable to both the buyer and the seller. While it may not be your ideal number, or what you believe your home is worth, it is important to bear in mind the fact that emotional value does not often translate to monetary value.

Third, setting the right price is important. Pricing too high can make your property to sit on the market for too long, and may even discourage real estate agents from showing the home to the prospective buyers. Setting the right price will ensure that your proposal will receive the right amount of traffic, interest, and time spent. You need to discuss with your real estate agent about your price range and the time frame.

Fourth, finding a realtor you can trust is a rational decision. Considering the fact that it is likely to be one of the most important and probably the biggest transactions of your life, you need to ensure due care while choosing a firm or person to help you. Make sure to consider their background, testimonials from their clients, knowledge of the market, qualifications, and other important details. Only hire a firm or person if you feel that they will be able to cater to your specific requirements, while playing a key role in realizing your dreams. Also, you must feel comfortable working them. With that being said, if you are thinking about selling your home this year, make sure to consider these home selling tips 2015.

How to Find a Real Estate Agent

When you want to buy or sell a property, the most effective way to ensure you get the best results is to hire a real estate agent to assist you in the transaction process. With the thousands of agents who have flooded the market in the modern days, it may be a daunting task to get the best one. Below are some of the most effective ways on how to find a real estate agent.

Find a Real Estate Agent

Get recommendations from recent clients

The best way to determine the best is to ask your potential real estate agents to give you a list of what they have listed and sold in the recent months with the contact details. By doing this, you will be able to understand the experiences the clients had with the different agents you are considering. In addition, you will also want to understand the kind of properties they were selling to find out if they are similar to yours in terms of location, price and other essential features. If it is possible, select an agent who has handled properties similar to yours.

Check their licensing

All states have boards that give licenses and discipline real estate agents. The first thing you need to check before you start any form of consultation with an agent is whether they have a valid operating license. This ensures that you do not fall victim of many scams who are out there to steal money from property buyers and sellers. You can verify that your potential agent has a valid license from the authorities by checking with your state’s regulatory body. The verification process will also help you determine if there have been complaints or disciplinary actions against them.

Choose an agent with right credentials

Just as other professional specialize, so do real estate agents. This means that you need to find a real estate agent who specializes in a certain area that you require assistance. For example, if you are dealing with residential real estate, look for an agent who is a certified residential specialist. On the other hand, if you are looking for a property to buy, you should work with an agent who has completed addition education in assisting buyers in a transaction and is accredited buyer’s representative. If you are above 50 years of age, look for seniors real estate specialist who has ample training in helping sellers and buyers who are above 50 years of age.

Research the duration the agent has been in the real estate business

A highly experienced real estate agent has the ability to offer you better services that the new ones in the market. This is why you need to find a real estate expert with more than ten years in the market to assist you in your transaction. You can get this information by checking their operating licenses or other certifications. In addition, you can also find out from the state licensing authority. An experienced agent has a lot of skills and great connections in the market, and so you can expect your transaction process to go on smoothly without a lot of problems.