During the home selling/buying process, there are plenty of people that you will meet, but who are they? And what are their duties? We have created a list below that sums up each person and what it is that they do.
Licensed real estate agents and a member of the National Association of Realtors.
Real Estate Agent
A real estate agent is licensed by the state to represent parties in the transfer of property.
Works with the homeowner to sell the property.
Works with the buyer to locate a suitable property and negotiate a successful home purchase.
Someone who is specially trained to use furniture, décor and other accessories to call attention to the best features of the home. They help attract the interest of a potential buyer.
A licensed surveyor will provide a precise measurement of a property, a pin survey. ALTA survey is a general overview of the property’s lines for encroachments and a drawing of the structures on the lot.
Works with the lender and provides a market analysis of the subject property. Their findings are supported by other properties that are similar and have recently sold within the surrounding neighborhood.
Provides a complete analysis of a home’s major systems and components.
Loan Officer/ Mortgage Lender
Representative of a bank or other financial institution. Help customers identify their borrowing options and understand terms of their loan.
Helps a homebuyer determine the homeowner’s protection coverage needed and then find the right insurance policy to fit those needs.
Real Estate Attorney
A real estate attorney can give advice on all legal aspects of the real estate transaction. They help create and review contracts, coordinate how to take title and assist with the closing process.
An escrow or closing officer is a non-biased third party who works with all participants to facilitate a successful closing of a real estate transaction. At closing, the closing officer will collect the purchase money funds and the settlement costs from both the buyer and lender.
A closing or title agent performs title searches to ensure a clear title so a title insurance policy can be issued. In some states they are able to facilitate the transfer of real estate.
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