Why should you work with a Realtor? Buying a home is probably the biggest investment you will make, with long term financial ramifications. It calls for many informed decisions and for good advice from a real estate professional. When buying a home, you can learn from the knowledge and skill of a real estate agent.
What can a Realtor do to help you buy the right home?
A. They will help you determine how much you can actually afford. Often, they can suggest additional ways to accrue the down payment and explain alternative financing methods. They can also introduce you to a mortgage lender and arrange to have you ‘pre-approved’ which can improve your negotiating position and enable you to achieve your home buying objectives faster and with less stress.
B. Providing client level services, they can work for you as a buyer’s agent and help negotiate the best price and terms for you. Or, they can serve as a seller’s sub-agent (or disclosed dual agent), acting as a liaison between you and the seller to present offers and counter offers until an agreement is reached.
C. They will help you work out a realistic idea of the home best suited to your needs – size, style, features, location, accessibility to schools, transportation, shopping, and other personal preferences.
D. They have access to active listings on all available homes in the (MLS) Multiple Listing Service and can evaluate them in terms of your needs and affordability, and will not waste your time showing you unsuitable homes.
E. They can also suggest simple, imaginative changes that could make a home more suitable for you and improve its utility and value.
F. They can supply information on real estate values, taxes, utility costs, municipal services and facilities, and may be aware of proposed zoning changes that could affect your decision to buy.
G. Although the law does not normally require an attorney to review documents or oversee real estate closings, they can provide you with a list of law practitioners to choose from if you would like to use the services of an attorney.
H. They can help familiarize you with the closing process and they will obtain closing figures in advance for your review.
I. They can provide you with a list of qualified home inspectors, pest inspectors, surveyors, and help to coordinate inspection appointments.
J. Surprising to most buyers…your trusted local real estate agent also performs all the above tasks for you, the buyer for FREE! The commissions paid in a sale are generally paid by the seller and agreed to when a property is listed for sale.
It’s important to know that all real estate agents are ‘independent contractors’ working under a real estate Broker of a real estate firm. No two agents are alike, while some work full-time while others are part-time. Experience will separate agents, so buyers and sellers alike should interview agents prior to committing to one. You deserve to have the best real estate experience possible…so don’t settle for average, when you can have a great experience.