Money and Success

Surviving the Credit Crisis

Karen Simpson-Hankins,CTACC

Surviving the Credit Crisis – The Pros and Cons of a Dual Agency Real Estate Contract

You’re out shopping for a home and you see a home that you like with a For-Sale yard sign. The first thing you do is call the real estate agent listed on the sign. But…is that really the best thing to do?

Join me today as my guest, Bennie Waller, Professor of Finance and Real Estate at Longwood University, and I discuss the definition of a dual agency transaction, as well as, the advantages and disadvantages of this type of transaction.

It’s always important to use a real estate agent when buying a home! They’re familiar with the neighborhoods, the current market values, and whether an area is improving or deteriorating. They can help you with property inspections, help you navigate all of the forms in a sales agreement, and negotiate terms with the seller. But…it’s also important to work with a realtor that you have a relationship with, someone that understands your needs, and can communicate those needs to the other transaction parties.

Today’s show will give you all the awareness you need to make good financial decisions! And, if you want to learn more on how to interview your next realtor, go shopping with my “House Hunting Features Checklist”, and find your Best Fit Mortgage ™, check out my new home buyer workbook “Conquer Your Closing: The Companion Workbook.” It will give you the step-by-step instruction you need to make your next home buying experience the best it can be!