If you’re in the market for a new home, you may hope to purchase a property without a real estate professional. However, this is likely the most significant investment you’ve ever made, and you probably have many questions. Hire a real estate agent to guide you through the process.
With all the online information, do you need an agent to help you buy a home? The answer is maybe – it depends on your situation. Here are five reasons to work with an agent when purchasing a property.
1. An Agent Knows the Local Market
A good real estate agent will know the ins and outs of the area where you hope to buy. They can tell you about different neighborhoods that fit your budget and your family’s needs, and an agent will understand local market conditions. They will know what homes are going for in the area and how to draft a fair offer.
2. Agents Have Access to More Listings
Most homes for sale are listed on the Multiple Listing Service (MLS). But unless you’re working with an agent, you may not have access to this database. Even if you have access, the MLS can be overwhelming and challenging to navigate. A real estate agent will be able to quickly find homes that match your criteria and arrange showings at your convenience.
3. Hire a Real Estate Agent to Negotiate on Your Behalf
When you find a home you want to buy, your real estate agent will help negotiate the price with the seller’s agent. They’ll also navigate other aspects of the negotiation process, such as asking for repairs to be made before closing or requesting closing cost assistance from the seller. Agents are trained professionals – they work in the industry every day and have the experience to get the best price for you.
4. Agents Handle the Paperwork
The home-buying process involves much paperwork, from loan applications and mortgage documents to inspections and insurance forms. A good real estate agent will ensure everything is completed correctly and submitted on time, so there are no delays in closing on your new home.
5. Get Support After Closing When You Hire a Real Estate Agent
Your relationship with your real estate agent doesn’t end when you get the keys to your new house. Many agents stay in touch with their clients long after closing and are happy to answer questions or offer advice – even years later.
When you need a new roof, your agent can recommend a roofing company. The agent will know plumbers, electricians, and other professionals to assist you in caring for your home. If you decide to sell the house or buy a new one, your real estate agent will be one of the first people you call.
From providing expert knowledge about local neighborhoods to acting as your advocate during negotiations, an experienced real estate professional is invaluable when purchasing a property.