You can learn everything online. From learning how to play the guitar to creating your own furniture. Information is more accessible now compared to years ago. But when it comes to buying your house, can you actually learn everything from the internet?
People think that they can find a house on the internet, contact a seller, and close the deal. But there is much more to it than that.
You need to visit the house, check the neighborhood, and set an appointment with the seller, contractors, inspectors, and other people involved when the purchase. The buyer thinks that they can save money if they don’t hire a real estate agent. But buying a house without a Real Estate agent is more difficult than you think.
Here are several reasons why you need an agent
Agents are required by law to disclose all the information you need to know about the house
Real Estate agents are required by law to disclose everything about the house that you are looking to buy. Agents have a fiduciary duty to their clients. That simply means that agents are obligated to do what is best for their clients.
An agent knows the local real estate market and what are the current trends
Seasoned agents know what are the best places to buy a property. They know how safe a neighborhood is, if there are schools or hospitals near your potential home, or if there are good jobs within the area.
They study the trends and take necessary actions that would benefit their clients. They know when is the best time to buy a house and when sellers are most likely to sell.
An agent can help you negotiate a better deal when you are buying a house.
Most people have a number in mind when they are buying a house. But if you are buying a house without an agent, you might be paying more than your budget. Real Estate agents are experts when it comes to negotiating the price of your new house. During a seller’s market, there are more potential buyers than people selling their house. That being said, a bidding war normally occurs between potential buyers. You might need to bid higher than your budget. That is where a real estate agent comes in. They are there to make sure that you get the best deal when buying your new house.
Most sellers would not want to talk to a buyer if they are not represented by a real estate agent.
Buying a property is time-consuming. You need a real estate agent to talk to an inspector, mortgage lender, contractor, seller, and other people involved with the purchase. Just like planning a wedding. A couple can plan the wedding themselves, but to get things going smoothly, you need a wedding coordinator to find a venue, caterer, church, Photographer, Videographer, and all the things you need.
In real estate, a realtor is your wedding planner. They will tell you everything you need to know before buying your new house. They will make it as stress-free as possible.
A Real Estate agent can help you secure financing
Good and experienced Agents know good lenders. Most agents have a lot of lenders they can refer to you. A real Estate agent would refer a buyer to a trusted mortgage lender with a proven track record because they are obligated to do what is best for you.
If your Credit score is below the required minimum to avail of a mortgage loan, a good real estate agent will be able to help you with a mortgage lender that could approve your loan. But keep in mind that you might have a higher interest rate or a bigger down payment if your credit score is not that good. Check out my previous post to know more about loans and credit score
A Real Estate agent can find you a good inspector and contractors for repair.
You need an inspector to check what is wrong with the house and what needs to be repaired if you decide to buy it. In some cases, your agent can negotiate with the seller to pay for the repair before selling the house. In some cases, the buyer would have to shoulder the cost of the repair. This entirely depends on the negotiation. But it is important to have an expert inspector to check the house.
If repair is needed, you would need a good contractor. Your agent should have a list of trusted contractors that he has worked with in the past. This will help you save money and ensure that you’re getting quality work for your money.
If you are ready to find your dream home, I am here to help every step of the way, You may Reach us by clicking here, or you can give us a call at +1 (423) 595 7958. We can’t wait to help you land your dream home!
