Many people think that they can approach the home-buying process on their own. After all, it's the sellers that need help, right? Read on to find out why consulting with a real estate agent is a smart move to make for anyone trying to find a bargain and compete in a hot real estate market.
Have You Heard of a Buyer's Agent?
There are agents that specialize in just exactly what buyers want and need when they are searching for a home. They work for the buyer and have a fiduciary duty to place them ahead of any other interests. Some buyers are reluctant to even consider a buyer's agent, perhaps believing that they will owe the agent money for their services. It would be a pity if buyers allow this misinformation to keep them from using a real estate professional that is entirely on their side. Buyer's agents share in the commission earned by the seller's agent, and buyers are never charged for the services.
Do You Know Your Local Real Estate Market?
Real estate agents have a variety of ways to help buyers, and one of the best is their in-depth knowledge of the local market. If you've ever wondered whether or not your offer was good enough or too much, a real estate agent could tell you. With a preapproval from a lender, an agent can create a list of homes that are appropriate for your particular unique needs. While almost anyone can use an online search on a real estate site to narrow down the choices, only an agent knows the story behind the offering and which sellers might be more willing than others to sell at a given price.
Could You Use Some Lending Advice?
Real estate agents have usually been around a long time and know all the major players in the real estate market. That often includes lenders, home inspectors, real estate appraisers, and other real estate agents. They can evaluate your situation, whether it's a need for a special type of loan or a loan for those with less-than-good credit.
Standing By You Till Closing
The time between your offer being accepted and the closing is filled with anticipation, anxiety, and lots of things to accomplish. This time is often referred to as due diligence. This is when you will need help coordinating and watching over the various jobs like buying homeowner's insurance and having a termite inspection performed.
To find out more about what an agent can do for you, speak to one today about homes and condos for sale in an area near you.