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Many people are afraid to jump in and buy real estate for a variety of reasons. From the legal issues and tougher financial requirements, to the current real estate climate, there are a lot of new concerns that come up when considering a purchase. There is still money to be made in real estate, and this article will help you to identify the best investment opportunities.  If you are going to interview your own real estate agent, you should ensure your questions are planned out properly. Some questions to consider is are you a buyer's agent, a seller's agent or a dual agent. Other questions include the average number of listings the agent carries and the average home prices. This agent should have the ability to answer each question professionally.  Never buy real estate without getting the property inspected first. You do not want to be stuck with a house that needs major renovations. An inspector will give you a good idea of how much renovations will cost you and how long they will take.  Deciding what to offer when preparing to buy a home is important. Be respectful when explaining your offer to the seller, and you will be able to compromise on a good price for both of you.  Always ask real estate agents about the length of time they have resided in the area you are considering. If the agent has only been in the area for a short time, they may not be as aware of the neighborhoods, roads, and restrictions in the community as someone else might be. Ideally, you should select an agent that has been a resident of the area for a minimum of ten years.  Keep an open mind in regard to what elements are the most critical in your real estate hunt. Sometimes you must choose between two major features if the price of having both falls outside of your price range. If you cannot find the particular home in the right area, shop for the type of home in a different area or vice versa.  Sellers will be more interested if you have an approval letter. Holding off on a mortgage approval lengthens any buying process and extending that can grow expensive.  When you do things wrong, you have a good chance of making an unwise choice that is going to cost you tons of dollars, and maybe even the house you just bought. But, if you follow the advice here you can lower those odds. All you must do now is take advantage of your new knowledge.