Why You Should Use a Real Estate Agent When You Buy a Home
If you've recently decided that you're ready to become a homeowner, you're probably wondering what to do first. It can be difficult to know where to begin, but the good news is that you don't have to do it alone.
There are numerous moving parts when it comes to purchasing a home. This is especially true in today's real estate market. The number of available homes for sale remains low, and home prices and mortgage rates remain high. If you don't have reliable expertise and a trusted advisor on your side, that combination can be tricky. That is why contacting a local real estate agent is the best place to begin.
Agents Are the Most Helpful Source During the Purchasing Process
According to the National Association of Realtors' (NAR) most recent annual report, recent homebuyers agree that the most useful source of information they had during the home buying process was a real estate agent. Let us explain why.
How an Agent Can Assist You When Purchasing a Home
When you think of a real estate agent, you might imagine someone who takes you on home showings and handles the paperwork, but a great agent does so much more. It's not just about facilitating your purchase; it's about being your guide through every step.
The diagram below depicts some of the many ways an agent adds value from the same NAR release. It includes the percentage of homebuyers who highlighted each of the following benefits in that report:
Here's some more context on how the survey results indicated that an agent consistently assists buyers in these situations:
- Assisted Buyers in Understanding the Process: Do you understand the difference between an inspection and an appraisal, what each report tells you, and why they're both important? Or that there are certain things you should avoid doing after applying for a mortgage, such as purchasing appliances or furniture? An agent is familiar with all of these best practices and will share them with you along the way, ensuring that you don't overlook any important steps by the time you get to the closing table.
- Unnoticed Home Features or Faults: An agent also has a lot of experience evaluating homes. They've seen everything. They'll be able to point out things you might not have noticed about the house that could influence your decision or, at the very least, what repairs you request.
- Provided a More Comprehensive List of Service Providers: There are many people involved in a real estate transaction. An agent has worked with various professionals in your area, such as home inspectors, and can help connect you with the professionals you require for a successful experience.
- Better Contract Terms and Price: Did anything come up during the home inspection or appraisal? An agent will assist you in re-negotiating the best terms and price for you, so you can feel confident in your large purchase.
- Improved Buyer Knowledge of the Search Area: Are you moving to a new town and are unfamiliar with the area, or are you staying nearby but are unsure which neighborhoods are the most affordable? In either case, an agent knows the area like the back of their hand and can assist you in finding the ideal location for your needs.
- Buyer's Search Area Expansion: If you don't find anything you like within your initial search radius, an agent will know other neighborhoods nearby you should consider based on what you like, what amenities you want, and other factors.
If you're looking to buy a home, don't overlook the many ways an agent can help you. Your agent will know how to handle any obstacles that arise, as well as any negotiations that must take place, while minimizing your stress along the way. Let's get together to tackle this together.