Start Here: Why A Real Estate Agent Should Be Your First Move
Posted on: 4 December 2019
The way people approach home-buying varies. Some want to get an idea of what they're looking for in a home by attending numerous open house events. Some take a more practical approach and decide to place financial matters first. What some people in the market for a home sometimes forget to do is to speak to a real estate agent. Read on to find out the surprising ways an agent can help you from the very beginning.
Finding a Buyer's Agent
Buyer's agents are different not just in how they operate but in where they place their loyalty. Almost all real estate agents place the needs of the seller above others because that is who is paying for their services. Buyer's agents have what is called a fiduciary duty to the buyer and not the seller of a home. It should be mentioned, though, that a buyer's agent won't charge you for their services since they are paid out of the seller agent's commission.
What About Lending?
Make no mistake about it, buying a home is a financial act and you must get some lending help from the beginning. Your agent may not be a lender but they are often full of good information and tips on all things financial when it comes to buying a home. Real estate agents make it their business to know anything that could assist a buyer in getting approved for financing. Many agents are well-informed about special programs and loans for buyers that meet their needs. The world of mortgage lending can be complex and having an expert to point you in the right direction is invaluable. If an agent has seen many buyers use a certain lender successfully, they can refer you to that lender too.
What Your Money Buys
Real estate agents can take one look at your lending pre-approval figure and immediately know how much home you can afford. There is more to buying a single family home than the price and agents can send you straight to homes that not only meet your needs but exceed them – and all within your price range. Also, a good agent can advise you on how much to offer for a given home based on the local market, other interested parties, and the seller's motivation.
Performing Due Diligence
Before you close, you have more work to do. Not only can your agent guide you through what has to be done, but can recommend home inspectors, title search companies, termite inspectors, appraisers, and homeowner's insurance carriers. This is much better than randomly picking someone from the phone book.
To find out what a real estate can do for you, speak to one today.
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