The Hunt Is On: House Hunting Alone Or With An Agent?
When you see a house that fits your budget and is aesthetically appealing, you find the point of contact and make the appointment for a viewing, right? I mean, all you have to do is be responsible for showing up, taking the tour, and making decisions to further the buying process. You may think, ‘why would I need a realtor when this seems like a pretty simple process?’ Well, do you know how to handle negotiations? Are you up-to-date with the local zoning ordinances or property data? If you’re still considering buying a home without the assistance of a realtor, these 8 reasons may change your outlook.
Whether you’re a first-time home buyer or you’ve had your share home buying experience is the past, you might think that this is just another run-of-the-mill procedure. Regardless of the home you buy or the residence you buy it, rules and regulations can change drastically and you’d never know if you weren’t informed. A realty specialist will already have documented information in relation to the property and the neighborhood, not just the home itself.
Not every home that is on the market is in visible range. You could be looking for a specific home and not find what you’re looking for. You may assume you’re just not looking in the right area when in reality these homes just aren’t advertised on your average listing website. Perhaps you have found the home of your dreams and you have made the exhausted arrangements for a viewing only to find out that it has been sold. With the assistance of a realty company, you can set aside worry of being let down by inconsistency. They have both active and inactive details of up-to-date listings every day.
An Emotional Guide
Purchasing a home is much more than buying new furniture and having that extra space for miscellaneous items. You are moving for more reasons than just because you’d like to have a bigger bedroom. You may find yourself getting emotionally attached to the same type of home that you’re moving from, and although it is very normal, don’t be persuaded by your emotions. An agency specializes in handling these situations, creating a comforting and grounding plan to help you find the home you want. All emotions aside, your agent can reassure you that the aspects the new home can reflect the past in a practical way.
Negate The Negotiation
How many times have you searched for the perfect home, had a budget in mind, and were shocked and disheartened about the price? You may think that maybe if you discuss cost and bring personal subject matter into play that maybe they will slide down the scale a bit. This may work to some degree if both you and the seller can come to a reasonable understanding, but this is not always the case. By handling the negotiation process alone, you could risk the process altogether. Leave negotiating to the realty experts who can securely make the deal that profits the seller and buyer.
Truth Is Out There
So, you have a home in mind and you call to make the arrangements for a viewing. You and the seller have only spoken a few times via phone and he seems like a pretty nice guy. You finally meet on the date of the open house. You love all aspects of the home and are ready to make the offer. Wait a minute; have you asked enough questions about the homes structure? Did the seller provide enough paper work in regards to water damage or other in-home related issues? Maybe you’ve spotted something slightly off about the garage or basement. If you haven’t thoroughly investigated all corners with a fine tooth comb, you could be spending more than the home is worth after you’ve moved in. This is where an agent comes in. Not only will the buyer not get be getting away with selling a faulty home, the real estate agent can catch the false statements and know the legalities around this matter.
Without the involvement of an agent, you may not be aware of the hidden fees that surround your new neighborhood or geographical area. For example, you may have signed papers for a beautiful new home in a safe residential neighborhood but not realize the insurance cost or maintenance issues pertaining to and around the property. An agent has full access to the history and documents regarding those hidden fees so you can figure out if it’s worth the investment.
When you are looking to move to a new city, you may have the luxury right away to get an up-close-and-personal experience within the city and surrounding areas. If you aren’t sure where grocery stores, schools or medical facilities are, your agent will know exactly how to get there and what region will get you closer to what you need. A local agent should be familiar with that area so you don’t have to have to feel intimidated or at a loss trying to find your way around once you make the physical move.
Giving Up The Advantages
You may choose not go through a middle man to buy your home, but the seller’s agent may ask questions such as your participation in a dual representation and you may not be too sure how to answer. The agent always has his seller’s interest in mind and if the buying process becomes a frustrating process, you may feel the need to hand over delicate financial information to ease the load. When your agent or relator is involved, they take the reins with such frustrating questions.
So what’s the difference between a realtor and a real estate agent?
Not all realtors are real estate agents but they may be someone who is an active member of the National Association of Realtors (NAR). Oftentimes, it may be confusing to others that are looking into buying or selling a home because property managers, home appraisers, and real estate agents can also be a part of the NAR, qualifying them to be a realtor. The biggest differences between the two similar titles are the qualification and exam requirements. A real estate agent is licensed to help people with buying and selling their home. But they wear different masks too; they can also act as a broker and sales professional. They are also required to pay an annual fee for their license which is renewed every one or two years. The responsibilities of an agent contain finding lenders, scheduling open house, negotiation of price, listing and promoting your properties, and managing transactions.
What’s a broker?
You have to become a real estate agent before you can become a real estate broker. The qualifications and requirements vary by state but you would need at 3 years as a real estate agent before becoming a broker. Broker’s exams and continuing education course go into financial and legal details that you wouldn’t see on a real estate exam. When you hire a broker to assist with buying a home, they are expected to have knowledge in marketing, manage agents, qualified to resolve problems, managed relationships with lenders, recruit new agents, and appraise properties.
When you’re looking for that perfect home, don’t get advice from your friends and family, get the inside scoop from a trusted Water Pointe Realty agent. They are qualified to handle of avenues of the buying process, even if you’re moving right down the street.