The Real Estate Agent’s Role
As an experienced homeowner, you’re probably familiar with the caution that a real estate agent should not act as both the buyer agent and listing agent on the same property.
True enough. It’s called “dual agency” and can leave both the buyer and seller wondering if they’re getting the best deal.
Using One Agent for Your Trade Up
When it comes to trading up, though, you can and probably should use the same agent to serve as:
- Your buyer agent, helping you find and purchase your new home.
- Your listing agent, helping you sell your current home.
In this way, you would have the same agent watching out for your best interests in both transactions.
Coordinating Your Move
Working with one agent can also simplify things and help ensure a coordinated move that meets your needs.
- Your agent can help you list your home at the most opportune time, not just for selling it but also for coordinating the sale with your purchase and move dates.
- Your agent can also make sure all purchase agreements give you time to move into your new home before new residents take possession of your current home.
With your agent’s help, you can avoid any need for temporary housing and storage between homes – or, even worse, getting stuck maintaining two homes for a while.
Home Buyer's Guide to Trading Up
Fili Sanchez (NMLS #528671) is the Vice President and Mortgage Relationship Manager for our Kearney, Riverdale, Burwell and Ord markets. He has been with Heartland Bank for 10 years and has 15 years of mortgage lending experience. He is also a recent graduate of the Advanced School of Banking. Fili enjoys participating in the community with the Kearney Area Chamber of Commerce, Leadership Kearney, Nebraska Banker's Association, and serves on the board for the Yanney Heritage Park Foundation. Outside of the bank, he enjoys spending time with his wife and three children, traveling to kids' sports activities and family vacations.
