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THE #1 SKILL AN AGENT CAN POSSESS IS THE ABILITY TO NEGOGIATE.
Why, you may ask. Let’s list just some of the people and entities your agent may be required to negotiate with on your behalf:
The buyers – Whether the buyers are represented by an agent or not, your agent must decipher their wants and needs to guarantee that you will get the best deal.
The buyers’ agent – Obviously, your agent will negotiate the deal in coordination with the other agent.
The bank or mortgage company – You want to make sure your buyers are qualified before entering into contract.
The closing attorney – Things might come up at closing that need to be handled.
The home inspector – Often the deal has to be renegotiated after this report.
The appraiser – Even under the most recent appraisal rules, the agent may be able to help you contest an appraisal if necessary.
The buyers’ buyer – If your buyer has trouble with the deal on the house they are selling, it might require renegotiating certain aspects of their sale.
The seller of the home you are buying – If there are challenges on your sale it might require you renegotiating certain aspects of your purchase. Email: joliepowell@NUMBER1EXPERT.com Phone: 631-473-0420
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BEAUTIFUL HOME OVERLOOKS GOLF COURSE FEATURES FULL FINISHED BASEMENT, MASTER SUITE W/DECK, VIEW AND FULL JACUZZI BATH, ELEGANT ROOMS WITH $200K OF UPGRADES.
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Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possible for the buyers to ask another realtor to represent their interests exclusively, acting as the "buyer's agent," a service which is available at no additional cost to the homebuyer.
Any licensed real estate agent can act as your buyer's agent, helping you to locate and look at properties in your price range. However, if that real estate agent works for the same brokerage that is listing a particular property, dual agency or designated agent rules will then apply. The buyer's agent will advise the buyer if issues arise such as termite damage or significant material defects appearing on the home inspection report. If the home appraisal comes in at less than the asking price, the agent will represent the buyer's interest, working with the seller and the lender to negotiate a satisfactory resolution.
Who is "Fannie Mae" and why is she a big name in real estate?
A
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
Jolie Powell CIPS, E-PRO, SRES, CBR, TRC Jolie Powell Realty 406 Main Street Port Jefferson, NY 11777 Mobile: 631-774-2528 Fax: 631-473-7959 Office: 631-473-0420 JoliePowell@NUMBER1EXPERT.com
Jolie Powell has been a distinguished leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, Jolie had a successful career in advertising in Manhattan, New York. Always working to be at the top of her profession, Jolie has received her Certified International Property Specialist (CIPS) designation, Certified Buyer Representative (CBR) and Senior Real Estate Specialist (SRES) designations. Jolie also serves as Director of the Multiple Listing Service of Long Island and now elected as Zone Chairperson for the MLS.
Jolie’s expertise in counseling buyers and sellers brings people together from Long Island and, indeed, from all over the world. Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, Jolie is fluent in Spanish and communicates well with domestic and international clients, as well as professionals in other fields.
Jolie is proud of the high level of trust she and her clients have established and she looks forward to continue building exceptional client broker relationships.
Proudly selling homes and real estate in Port Jefferson, Stony Brook,
Setauket, Miller Place, Smithtown, Mt. Sinai, Rocky Point, Port Jefferson
Station. North Shore of Long Island.
www.JoliePowell.com
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NUMBER1EXPERT in real estate for Port Jefferson, Stony Brook, Miller Place and Long Island, New York
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