Purchasing a home is exciting, yet can also be confusing and stressful. A home is likely one of the largest investments you’ll ever make. Protect your investment from day one by hiring knowledgeable professionals to help you through the process. Work with a real estate agent when buying a new home. He or she will guide you through the sale and be there to address any concerns or questions.
1. Work with a Real Estate Agent to Find the Perfect Property
A buyer’s agent has access to the complete listing of properties in your local area. He or she will locate homes with the features and characteristics you want. Your real estate agent will know about school districts and good neighborhoods. Because he or she is familiar with the area, the agent will know if the asking price is fair for the neighborhood. An agent works to find the right property for you.
2. Sellers Typically Pay Commission
Most of the time an agent’s services are free for the buyer. When sellers list their homes for sale they sign an agreement which typically includes the total commission paid to their real estate agent brokerage and the buyer’s agent. Your real estate agent will be paid after the sale closes.
3. Reliable and Up-to-Date Information
If you work with a real estate agent, they will have access to the local multiple listing service (MLS). This is a service that provides reliable, up-to-date data on available properties for sale. Public websites aren’t always updated and some include listings that are scams.
Ask your real estate agent if they are a member of the local MLS. Your agent will search for homes that meet your criteria, send you the listings, and arrange appointments so you can tour the homes that interest you.
4. Contract Knowledge
Another advantage of working with an agent is their extensive knowledge of real estate contracts. When you find the home you want to buy, your real estate agent will work with you to write the purchase contract. They will help you determine the right price to offer. You’ll have to decide on a closing date, the amount of money you’d like to put down, the fixtures you want to stay with the home, etc. Your real estate agent will work with your mortgage lender on financing details and come up with a date when you’ll be fully approved for the loan.
5. Negotiating Power
When you work with a real estate agent, they will present your offer to the seller’s agent. Real estate agents are well-versed in negotiations. Your agent will work on your behalf to get the home for a fair price, in the time frame you desire, and with the least amount of stress.
6. Work with a Real Estate Agent to have an Inspection Ally
Once you have a signed contract, you should hire a professional home inspector to assess the property. Your agent will be able to offer advice and help renegotiate if any defects or safety issues are found during the inspection.
Your real estate agent is a professional who will guide you through the sales process. With an agent, you’ll have professional representation from shopping for a home through closing. They will provide all the information you need to purchase a home and will save you time, stress, and money.