Any time you enter a situation that’s new and challenging, it’s always reassuring to know that there are people on your side. When it comes to buying a home, these are several individuals you can turn to at each stage of the process:
A Home Ownership Counselor is a trained professional who works for a non-profit agency to provide classes and counseling to teach you about the home-buying process and helps you overcome any barriers along the way.
A Real Estate Agent is a person who is licensed by the state and has been trained to facilitate the buying and selling of houses. They make money by taking a commission from a home's selling price. There are two primary types of agents:
- A Listing Agent works for sellers of homes to help them get the best price.
- A Buyer’s Agent works for buyers of homes to help them find a house that fits their needs.
A Lender helps you get a loan for your home – known as a mortgage. Having an established relationship with a trusted lender helps you in getting approved for the right loan.
A Real Estate Attorney specializes in real estate law and makes sure the transaction for the property is done correctly. They work to protect your interests and settle disputes on your behalf. It’s important to shop around and find someone you can trust.
A Home Inspector conducts a basic examination of the condition of the home you want to buy. They create a written report of their findings and describe any major problems that might have been discovered.
An Appraiser is hired by the lender to estimate the fair market value of the house you want to buy based on comparisons with other houses that sold recently in the same area. Lenders use this appraisal to determine how much they are willing to lend you.
To learn more about the people involved in the home-buying process, view Your Homeownership Team.