If you're planning on purchasing a new home, you have the option of working it out on your own, or hiring a residential real estate agent to assist you. While hiring a licensed agent may save you time and hassle, there are several other advantages to consider. A residential real estate agent can do more than help you find your "dream home." The agent may also help with financing and bidding, as well as providing neighborhood statistics.
How Your Real Estate Agent Can Help You
Are you still undecided whether hiring a residential real estate agent is in your best interests? If so, consider the following benefits of enlisting the services of a real estate agent:
1. You Won't Have to Search on Your Own
If you've never browsed the market for a new home, you could find yourself overwhelmed by the process. There are several factors to consider when looking for a new home. In addition to searching by location, you'll need to find choices in your price range, and those that meet your requirements.
For instance, are you looking for a house with a two-car garage and upgrades such as new appliances and in-ground swimming pool? Do you want a two-story home, or is a ranch-style your preference? Without the help of a real estate agent, you will have to sort your way through the listings, which takes time and patience. To keep your records in order, you might need to compile charts with various choices. This can be cumbersome as you pack it with you while house-hunting.
Your real estate agent will have everything organized at his or her disposal. By informing your agent what features you're looking for, as well as the desired location and price range, you'll be able to access every possibility on the market.
2. An Agent's Expertise May Help With the Loan and Win You the Bid
Your licensed real estate agent is experienced in trends, property sales and loans. Your agent may help you attain the best deal on a loan. Without his or her knowledge and service, you will have to perform the search for a lender yourself. Are you able and willing to negotiate for the best deal on your own?
Are you familiar with the financial terms in the market? An experienced residential real estate agent can explain the fine details to you. This may help you make the right choices for yourself.
Have you thought about the possibility of becoming entangled in a bidding war with another potential buyer? A real estate agent is experienced in knowing how to snag the deal. For instance, your agent may advise you if and when it's best to submit an all-cash offer.
As a novice, you might overlook important details. Your agent may advise you to secure a mortgage approval beforehand, or warn you of credit issues that could hamper your chances of winning your bid.
It may seem odd to you, but another way your agent may help you win a bidding war is to compile a list of why you love the property. Submitting this favorable confirmation in letter form to the seller just might sway the seller's final decision. How so? Some sellers want to see their home go to a buyer who will cherish and care for it down the line, not merely rent it out for profit.
3. A Residential Real Estate Agent Knows the Neighborhood
Do you know the neighborhood you wish to move to? Are you familiar with schools, community centers, shopping and other important aspects? Have you researched crime rates in the neighborhood? By hiring a residential real estate agent, you will be privy to the information you seek.
4. A Residential Real Estate Agent Can Recommend an Inspector
As a potential home buyer, you probably recognize the importance of inspecting a home before you close the deal. Do you know how to go about finding a reputable home inspector whose fees will fit your budget? A real estate agent will most likely have a list of inspectors to choose from. In addition, a real estate agent may attend the home inspection, assuring your best interests will be met.
Remember, your real estate agent works for you. If the agent does not secure a advantageous deal, he or she does not profit either. With that in mind, your residential real estate agent will want to do everything to make the experience a win-win situation. For more information, visit sites like http://www.darganrealestate.com.