Buying a new home can be a daunting task, and if you try to do this alone, then you can easily find yourself working a full-time job just to search. Unless you like working multiple full time jobs then we suggest hiring a real estate agent to guide you through the process. Here are 5 good reasons why you should seek out the services of an agent.
1. Getting The Best Deal:
If you aren’t someone who is familiar with the real estate market, then you might be at risk of overpaying for your. A real estate agent is knowledgable and experienced enough in the market. They are able to know if a house is a good deal or is overpriced. You might find yourself wanting to place an offer on a home due to your excitement and impulse but having an agent can help you evaluate the situation in a logical manner. They will ultimately be able to help you find a house that is both a fair price and a smart investment.
2. Fiduciary Duty:
Fiduciary duty this means that real estate agents are bound by law to act in their clients’ best interests. The National Association of Realtors has set high standards for confidentiality, privacy, and honesty that real estate agents must follow or face legal recourse. A real estate agent is a seasoned professional that is on your side when buying a home.
3. Schedule Your Viewings:
Making the appointments to view the homes you like can be almost as time-consuming as actually visiting the properties. When you hire a real estate agent, they will be the ones scheduling the viewings for you. Real estate agents will usually set up appointments strategically so you are seeing multiple homes in the same area in one afternoon. While you might think that this is an easy task you might be surprised at how much effort it takes. So let your realtor take over this part.
4. Negotiation Skills & Tactics:
Negotiations are best done between the buyer’s agent and the seller’s agent because they are skilled professionals who will stay calm and rational. Your agent also knows what is worth negotiating for and what isn’t. This is something you do not want to take on yourself.
For example, you just placed an offer on a house, and the next step is to get a home inspection. While you hoped there wouldn’t be any major problems some are found. This now means that you are likely to make negotiations to ensure that you are getting a fair deal. You realtor will be able to negotiate with the listing agent to come up with a fair deal for both sides.
5. Help with the Paperwork:
When it comes time to handle the paperwork for a real estate transaction you do not want to make a mistake on anything. If you happen to fill out any of this paperwork incorrectly then it can result in delays with the closing and other frustrations. When you work with a real estate agent, you have an expert who is equipped to help you with these documents. They can review it for you before finalizing to make sure it has all been filled out correctly.
Looking to list your home? Call Greg Broadbent at 860-460-6939 or visit us online at gregbroadbent.com