Jim Valentine: Skilled folks in actual property
There are a lot of individuals that get involved in your real estate transaction along the way. Each contributes in their own way to the safety and success of your transaction and their fees are reflective of their training and background. It is that training and background that allow you to feel safe as you progress toward ownership or divestiture.
Professional people have common characteristics. These include competence, reliability, demeanor, poise, organizational skills, and accountability. Additionally, professional people are characterized by their compliance with the technical or ethical standards of their profession, and they are paid for their professional efforts. It is their career, their livelihood and they are always courteous, conscientious, and businesslike in what is their workplace.
The initial person you will likely be dealing with in real estate is your real estate agent. Not all agents are Realtors, but if yours is a Realtor he has sworn an oath to comply with the Realtor code of ethics. This is very important for you to know that the person you are entrusting your biggest investment in will treat you right. Beyond ethics, they must also have professional expertise and demeanor to help you achieve your goals.
Once in escrow you will encounter your lender and escrow officer. Both have people working with them behind the scenes, i.e., underwriter, title officer, loan processer, etc. They are all professional in their own ways, but your lender and escrow officer will be dealing with you directly in a most professional manner to help you navigate the vast amount of paperwork and processes to make sure you get what you bargained for, and the money is transferred correctly and safely. These folks can be so stoic in their professional demeanor that it may seem they have no persona, but don’t be fooled. They are, in reality, all real characters and are full professional in that demeanor to serve you better.
Other professionals include lawyers, accountants, appraisers, insurance agents, engineers, pest inspectors, physical inspectors and more. All need special licensing or other governmental approval that is based on minimum knowledge criteria as well as actual experience in their field. The overall total investment of time in their education and experience is many decades and thousands and thousands of hours. In your transaction you will have all of that education and experience working for you to assure you a professionally executed and conducted transaction.
So many professionals protecting you means that you will be safe in all areas including financial protection by not overpaying and getting a good fair loan program, title protection to assure that your property title is in order, physical condition to protect against unseen deficiencies that could damage your home or worse, legal protection so you are on solid legal ground with your contract and position, insurance protection against unexpected emergencies, and more.
Appreciate the many professionals in your transaction and the role each of them plays to assure you a good, safe experience. Be sure to ask questions if you don’t understand something, you deserve and should receive a professional answer or explanation. You might find a relaxed decorum in rural Nevada, but the underlying professionalism is always there for your benefit.
Use professionals for your protection. Don’t skimp when it comes to your home sale or purchase – it is your major investment, and the professionals are there to help you protect it. Spend a bit to save a lot.
When it comes to choosing professionals to assist you with your Real Estate needs… Experience is Priceless! Jim Valentine, RE/MAX Realty Affiliates, 775-781-3704. [email protected].