Real Estate Articles
Realtors share safety tips for homebuyers
During Realtor Safety Month in September, the Silicon Valley Association of Realtors stresses safety for all parties involved in the homebuying process. "Realtors understand better than anyone about the safety risks associated with real estate transactions, so it is imperative to share safety protocols with homebuyers so they can learn about what they may encounter during the homebuying process," said Brett Caviness, president of the local Realtor association.
Caviness advises homebuyers to work with a Realtor whom they can trust. "Work with a Realtor who is knowledgeable about specific neighborhoods and areas where you are interested in living, and with whom you feel comfortable and can trust, who will accompany you to showings and guide you through the entire buying process."
Realtors are members of the National Association of Realtors and must abide by a Code of Ethics. According to Caviness, "Realtors are held to a higher standard of conduct and required to undergo additional training in current business practices, unlike other real estate licensees."
Common circumstances that have resulted in fearful situations are open houses, showing vacant and model homes, properties that were unlocked or unsecured and homes in remote areas. Here are some safety guidelines for homebuyers to keep in mind when working with a Realtor that can help ensure a safe experience for all parties involved.
Meet at your Realtor's office. Realtors will typically arrange an initial meeting with a prospective homebuyer at their office. A Realtor's office is more comfortable and appropriate for the first meeting and makes both parties feel safe. Additionally, your Realtor may make copies of your driver's license and mortgage preapproval letter for their records to be stored in a secure place in their office. Be sure to have these items on hand for your initial meeting.
Know your route. If you and your Realtor take separate cars to view homes, get clear directions to the homes you will be touring. Always bring your phone and make sure it is fully charged in case of an emergency.
Bring a friend, but no kids. When touring a home, bring a someone who can provide a second opinion and point out things you may overlook. Leave your children at home, as they may require your attention and distract you from viewing parts of the home.
Keep your personal information private. When attending open houses or showings where other people are present, never mention where you live, your vacation plans, or financial details. Eavesdroppers could use your information and put your safety and that of your family at risk.
Don't view vacant properties alone or at night. Always view a vacant property with your Realtor. Your Realtor may only show vacant properties during the day so you can see what safety hazards exist, such as loose floorboards or any other defects.
Do your research. If you like a home in a new neighborhood, research the area and consult your Realtor about its safety and whether the neighborhood is child-friendly or pet-friendly if these aspects are important to you. Together with your Realtor or a friend, drive around on weekdays, weekends, during the day and in the evening to get a sense of the neighborhood.
Only tour a property if you are healthy. While COVID-19 restrictions have eased, the virus has not disappeared. Be considerate of the seller's home, your Realtor, and other parties by not touring a property if you are sick. Ask your Realtor to confirm with the seller's agent that they are not sick or have been in contact with someone suspected of having COVID-19. Continue to follow health guidelines and wear a mask, especially if you are immunocompromised.
For more information on Realtor and consumer safety, visit www.realtor.org/safety.
The Silicon Valley Association of REALTORS® (SILVAR) is a professional trade organization representing over 4,000 REALTORS® and Affiliate members engaged in the real estate business on the Peninsula and in the South Bay. SILVAR promotes the highest ethical standards of real estate practice, serves as an advocate for homeownership and homeowners, and represents the interests of property owners in Silicon Valley.
The term "REALTOR®" is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribes to its strict Code of Ethics.
Variations of this article have appeared in local area newspapers.
For further information, please email or call the SILVAR office at (408) 200-0100.