A real estate agent can be an advisor and advocate during the entire home buying process. A buyer should have someone who they trust, have confidence in and will help them make good decisions. You should count on your REALTOR® as a consultant, educating and guiding versus a typical salesperson selling and pressuring. Your best interests are their top priority.
2. Total Access
There is a lot more to finding the ideal home than just surfing the internet, looking at ads, driving through neighborhoods, visiting open houses and using the traditional MLS. By using a real estate professional, buyers have total access to the greatest number of homes by targeting other local agents, neighborhood matches, For Sale By Owner listings and Social Media.
Negotiation can be the most difficult part of the process. Having a buffer between the seller and the buyer during the offer/counteroffer can make a world of difference. Your real estate agent handles the ins and outs of the negotiation process including the preparation of all necessary forms when making an offer and/or counteroffer. Protecting the buyer’s best interests and finding a win-win is where the sale begins or ends. Pre-negotiation is key and a critical component to a successful beginning. The offer should be prepared and presented in such a skillful manner it brings both parties together securing the sale.
Did you know, a #BHHSTowne agent will also take extra care to include these critical elements which favorably positions the “buyer’s” offer:
- Written Mortgage Pre-Approval
- Earnest Money Deposit
- A Personal Note or Photo – an introduction
- Market Study
A real estate agent can educate buyer’s on current market conditions, costs of owning a home and listing benchmarks/comparisons. If you’re a first time home buyer, it’s imperative you have an experienced agent on your side as an agent can help you avoid unnecessary fees or assessments. In addition, a REALTOR® can be a great asset in neighborhood specific information such as which school your children will attend or if the area is expecting to grow with new developments or nearby amenities.
A real estate agent provides oversight and follow up for any inspections deemed necessary like home inspections, termite, moisture, well and septic. Also, an agent can develop a list of reputable and reliable inspectors that they can recommend to you.
In addition to inspectors, agents can connect you with trusted partners such as attorneys, mortgage brokers/lenders, electricians, roofers, plumbers, heating & cooling, home insurance, etc. Your real estate agent will act as your project manager, managing all the details and eliminating any problems before they arise.
According to Forbes.com, a contract is put in place to protect you. An experienced real estate agent deals with the same contracts and conditions on a regular basis, and is familiar with which conditions should be used, when they can safely be removed and how to use the contract to protect your interests. In addition, today’s contracts can be as long as 50 pages! Since a real estate agent works on contracts on a daily basis, they have better insight into when a contract is appropriate and when conditions have been met.
8. Ever Changing Real Estate Regulations
Generally speaking, people change homes every 7-10 years. A lot can change during that amount of time in real estate on a state-by-state and even local basis. That is why it’s so important to work with a real estate agent when buying or selling your home. Real estate agents stay abreast of ever changing rules and regulations and can protect you from violating laws, contracts, practices, etc.
Images and sources: Forbes.com, Forbes.com, Realtor.com
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