Buyers & Sellers
What You Should Know About Buying and Selling a Home
Buying or selling a home is a complicated business.
There are contracts, closing costs, settlement statements, negotiations,
and many other challenges in the process. Many first-time buyers
and sellers don’t know what to expect from a real estate
In an effort to help consumers understand what they are entitled
to in a real estate transaction, NVAR has created the Buyers
and Sellers Bill of Rights, available in Chinese,
Click the language links to download a brochure or call Joe
Rominiecki at 703/207-3209 to request a copy.
Why Use a REALTOR®?
All real estate licensees are not the same. Only real
estate licensees who are members of a local, state and National
Association of REALTORS® subscribe to a strict Code of Ethics
and are called REALTORS®. They are committed to treating
all parties in a transaction honestly, and are expected to maintain
a higher level of knowledge of the buying and selling process.
Real estate transactions involve one of the biggest financial
investments most people experience in a lifetime. The average
transaction in Northern Virginia today exceeds $500,000. If
you had a $500,000 income tax problem, would you attempt to
deal with it without the help of a CPA? If you had a $500,000
legal question, would you deal with it without the help of an
attorney? Considering the small cost and large risk, it is prudent
to negotiate a real estate deal with the professional assistance
of a REALTOR®.
Some of the services a REALTOR® can provide include:
- Helping you determine your buying power.
- Assisting you in your home search.
- Providing objective information about each property.
- Negotiating price, financing, terms, date of possession,
- Providing due diligence during the evaluation of the property.
- Helping you understand different financing options and
identifying qualified lenders.
- Guiding you through the closing process.
- Providing up-to-date information on what is happening in
- Marketing your property to other real estate agents and
- Recommending repairs or cosmetic work that will significantly
enhance the salability of your property.
- Helping you objectively evaluate every buyer's proposal
without compromising your marketing position.
What is an Affiliate?
Affiliate members of NVAR are companies, other than
real estate firms, that are a part of the real estate industry.
Affiliate members include moving companies, title companies,
mortgage lenders, appraisers, inspectors, and more. Affiliates
are active members of the real estate community who network
with REALTORS® and keep them informed about new programs