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Times Have Changed?


by Barry Ross

04/27/03

There was a time when buyers looked at a few homes, found one they liked, and bought it. There were no home inspections, no competitive bidding for the best mortgage loan, and no previewing of properties on the Internet. Buyers were shown around by an agent, and helped with the few details involved in a purchase.

Sellers had it easy, too. If they had a friend who was a licensed agent, they just hired their friend to find a buyer. There wasn’t much to it, and they reasoned that their friend would surely look out for them.

As you know, life is more complicated today. Technology makes instant communications possible between homeowners and agents, agents and agents, and buyers from all over the world with agents. Homes are sometimes bought and sold without having a fact-to-face meeting. Electronic signatures are legal.

Lenders have created a plethora of new loans - one for every purpose it seems. Laws and regulations, releases and disclosures, contracts and deadlines - all have complicated the process of selling a home.

Imagine walking into a courtroom without an attorney, or an operating room with no doctor. Today, buyers are educated and well informed about real estate matters. Sellers are well-advised to hire a top-flight representative to sell their home. There’s no better way to insure receipt of the best price in the shortest time.


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