WHO IS ON YOUR TEAM

You will see here a picture of a basketball team. It seems fitting as the NCAA basketball tournament begins this week. Someone once told me that there is no "I" in the word team. Every person is important on a team whether they throw the ball inbound or lead in rebounds.


I am also told there is an African saying that "It takes a village to raise a child." Parents need all sorts of help raising their children-- mentors, teachers, doctors, etc.
Just as it takes a village to raise a child, it takes a village to be successful in real estate whether you are buying your first home... are a real estate investor... or you are a realtor. You cannot do well in real estate all alone. You are going to need some help. Today I want to share with you some of the persons you need on your team:



ATTORNEY- In my native N.C., you need an attorney to close on the sale or purchase of real estate. You also need an attorney for the advice and counsel. Look carefully for an attorney who has experience in real estate. Ask felow investors, realtors, and friends who have bought and sold property for their ideas.




REALTORS- In these days of lagging sales of houses, many people are trying to make profit in selling their property by selling it themself. Though I would not say this is a totally bad idea, this can be a demanding chore unless you are experienced in real estate. Talk to a realtor and solicit their help. Maybe you can work together. More than likely, they will worth their commission and then some. Look for persons who have experience in the kind of real estate you want to buy or sell (investment properties, single family homes, commercial properties, etc.).




CONTRACTOR- If you are buying a property that needs repairs or the house you are selling needs a face-lift, find a contractor to work with. Ask friends who have had remodelling done, or consult a realtor. Don't be afraid to ask for references, and to get more than one bid for work.
They are some others you need on your team but time does not allow me to speak of home inspectors, appraisers, etc. Feel free to interview them and check them out through licensing boards, better business bureau, etc. Good luck in your search.- Randy Wall, Lora Lee Properties