The Latter Part You Have Them In Copious Amounts. After All, They Are Not Called Common For Nothing. For Real Estate Savvy, On The Other Hand, You Can Do With An Agent, Preferably One With A Good Reputation And A Solid Client Base.Below Are Some Tips On How To Choose The Right Real Estate Agent, As Well As Other Considerations Involved When Buying Property.Dont Look At The Size Of The Agents Portfolio.Whether The Size Of The Real Estate Agents Portfolio Is Large Or Small Is Not Whats Important. What Matters Is Whether The Agent Is Serious About Handling Your Business. Make Sure He Understands What You Value In A Property Small Size But Good Investment, Or Big Property To Accommodate The Entire Family, Etc.Consider The Legalities Involved.Real Estate Is Governed By Several Different Rules, Regulations, And Laws Imposed For The Purpose Of Regulating The Business. Now, Some Real Estate Agents May Know Something About These Legalities. Registered Agents At Least Are Required By Law To Verify The Legal Situation Of The Property They Are Selling. However, Always Remember That Real Estate Agents Are Not Lawyers. So While Some Of Them Are Only Too Willing To Offer Loads Of Legal Assurance And Tons Of Free Legal Advice, Dont Take It As The Last Word On The Matter. Instead, Consider Them As Competent Opinion Subject To Verification By One Who Is A True Expert On The Matter I.e. A Real Estate Attorney.The Formal OfferWhen A Buyer (thats You) Makes An Offer On A Piece Of Real Estate Property, And The Seller Accepts, That Offer Becomes A Contract Binding Between You And The Seller. Once The Seller Accepts, You Can No Longer Make Any Alterations To Your Offer, Alterations Such As The Purchase Price And Any Other Terms And Conditions You May Want To Include. It Is Precisely Because Of This That You Need A Lawyers Intervention When It Is Time For You To Make A Formal Offer On A Piece Of Real Estate Property. That Way, The Lawyer Can Give You Legal Advice On What To Include And What To Exclude From The Contract.Private Purchase ContractsThis Is The Second Stage In Purchasing A Piece Of Real Estate Property. With The Help Of Your Lawyer And The Sellers Lawyer, Both You And The Seller Will Now Exchange The Private Purchase Contracts. These Documents Contain All The Terms And Conditions Of The Whole Transaction That Were Agreed Upon, As Well As The Date Of The Final Completion To Be Done In The Presence Of The Notary Public. In Short, This Is The Sale Contract. Keep It For Records Purposes.
