How A Real Estate Agent Is An Important Asset When You're Buying A House
Posted on: 17 October 2018
Buying a new home can be a long and time-consuming process unless you have the help of a real estate agent. Buying a house is a huge financial investment, and you want to find the best location and house for your purposes, but that might not be easy to do depending on what's on the market. A buyer's agent can help you in several ways when you're house hunting. Here are some reason you want to work with an agent.
An Agent Might Help You Get Pre-Approved For A Loan
An agent has contacts in the real estate field that might come in handy. The agent can help you find a home lender that will pre-approve a mortgage, so you have some clout when you put in a bid. It's disheartening for both you as a buyer and the seller to plan on buying a home only to have the sale fall through because you can't get a loan. Knowing you'll have the funds to actually purchase the house you want gives you confidence when you're looking at houses, and it assures the real estate agent that you're not wasting his or her time.
The Agent Attends Inspections
An agent is also useful during the inspection process. He or she will probably be present when the inspector looks at the house so that they are fully informed about the home's condition and whether the home is a suitable match for you. If you have a strict budget and you don't want to spend money on renovations, then you want to avoid a home that needs a new roof or new plumbing unless the real estate agent can negotiate a good deal with the seller to make up for the defects by lowering the price or paying for repairs.
A Real Estate Agent Knows The Market
Even if you've lived in the city most of your life, you probably don't know the real estate market nearly as well as an agent. An agent usually spends time daily on new listings to be aware of what's available, and they can also network with other agents to hear firsthand about homes that are new to the market. You can provide your buyer's agent with a checklist of the things you want in a house and let the agent pick out the best matches to show you. This increases your chances of finding a house you love in a quick time frame.
An Agent Handles All The Documentation Details
A lot of legal documents and processes are necessary when you buy a home. It's daunting to go through by yourself and doing it alone might not even be wise. An agent can put in your bid, negotiate the price, work up paperwork, check inspection reports, and make sure the home buying process goes through all the legal steps until the house is finally yours on closing day.
An agent does a lot of work on your behalf behind the scenes, and since they don't get paid until a home sells, they usually work hard to help you find a home you love so that the process ends successfully. You'll find that an agent is a valuable asset when you need to buy a house.
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