Looking for your dream home but afraid of this long daunting process? Though buying the right home surely necessitates your efforts and takes time but hiring a real estate agent is an appealing option to reduce the burden. This article highlights the top 3 ways a real estate agent would help you with when buying a home.
Why Real Estate Agent?
Homebuyers and sellers have tons of resources and options at their disposal online when it comes to searching for a home. Empowered by the world of web, smartphones, and other mobile devices, today's consumers seeking the desired home can search property listings, MLS data, mortgage options, and real estate agents at the comfort of their home or office. Despite it all, the real estate agents are still a key role player in the real estate industry due to their expertise and experience. Also, since every agent is different, their approach to the home buying process is slightly different. None-the-less, the following are the key factors that every real estate agent can help you with when buying a home.
- Mortgage Pre-approval – Get help for financing
Looking for the best mortgage financing to buy your dream home? A good real estate agent helps you get the same because they have a vast network of trusted lenders. Your agent connects you with a trusted lender and carries out a pre-approval process on your behalf, thereby, saving you from plenty of documentation and negotiation. Pre-approval means getting your employment, income, and credit verified by the lender. An exceptional real estate agent will help you get a solid pre-approval letter to ensure you get the desired financing on time. It’s a great relief, isn’t it?
2. Home Selection – Get a consultation to select the best property
A real estate agent, being knowledgeable about many locations, regions, and localities, gives the best advice to select the right home, in relative to your expectations. If you search for a home without having enough knowledge about the areas, you are going to waste hours. A real estate agent listens to your requirements and compares the same with the best options available across various geographical locations. This way, you get a narrowed list of options to choose from, which saves your time and ensures the best possible deal.
3. Home Inspector Selection – Make sure you are buying a home at the best possible price
One of the most important aspects of a home buying process is to select the right home inspector as it is critically important to know the true status of the home you are interested to buy. A Real estate agent helps you find a reputed inspector having additional expertise to inspect even plumbing and fixtures. Selecting the right home inspector is critical to avoid the stumbling blocks that may cause issues in your home buying process and may also land you in a loss.
The concluding thoughts
The findings of the NAR’s 2016 annual report, named Profile of Homebuyers and Sellers, showing that 90% of home buyers purchased their home through a real estate agent, establishes a fact that despite the extensive use of online resources and smartphones, potential home buyers still prefer a real estate agent to lead them through the home buying process. The agent’s experience in certain localities and areas, knowledge of real estate regulations, negotiation skills, and ability to handle the legal documentation, are the key reasons behind this preference. And this is how a real estate agent helps you with the critical aspects of your home buying process including financing, searching home, inspection, negotiation, and documentation.