After you meet with a mortgage loan specialist and receive pre-approval, finding a real estate agent should be your next step toward homeownership. A good buyer’s agent will act as your partner throughout the entire process. Also, it’s free! Hiring a buyer’s agent won’t cost you a thing, because the seller pays their commission.
An agent will provide you with the knowledge and experience you need, so you can get the best deal possible. Partnering with a good agent will ultimately afford you the confidence, experience, and knowledge you deserve, so you can safely navigate the complicated path to buying a home.
1. Market Knowledge
A well-qualified agent with great market knowledge can help you get the best value by comparing various properties in similar areas – also known as comparables or comps. Understanding the local market is key to finding the best home at the best possible price.
2. Professional Negotiation
Making an offer and negotiating with a seller is by far one of the most specialized steps of the home buying process. Having an experienced agent who’s adequately prepared and emotionally neutral to negotiate the deal of your future home is vital to getting you the best deal possible.
3. Insider Knowledge
Wouldn’t it be great to know about a home that’s going up for sale before it’s listed? It’s important to recognize that many transactions happen behind before the property ever hits the market. This is why having a well-networked agent is extremely important to the success of your home buying process.
4. Knowledge of Industry Standards, Legalities, and Contracts
Often times, buyers who represent themselves leave money on the table because they don’t fully understand disclosures. Due to their lack of industry knowledge, they’re often unable to negotiate the best deal. More importantly, they may not understand the necessary legalities involved throughout the home buying process, which can open them up to potential lawsuits. This is why it becomes imperative to stay legally protected and get the best value through professional representation.
Your real estate agent is your professional guide to help simplify the process and provide technical support. Their insider knowledge and understanding of the market can give you information to make informed decisions.
Contact a mortgage loan specialist today to learn more about our mortgage options and start your path to homeownership!