“If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first.”
If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first. It can feel a bit overwhelming to know where to start, but the good news is you don’t have to navigate all of that alone.
When it comes to buying a home, there are a lot of moving pieces. And that’s especially true in today’s housing market. The number of homes for sale is still low, and home prices and mortgage rates are still high. That combination can be tricky if you don’t have reliable expertise and a trusted advisor on your side. That’s why the best place to start is connecting with a local real estate agent.
Agents Are the #1 Most Useful Source in the Buying Process
The latest annual report from the National Association of Realtors (NAR) finds recent homebuyers agree the #1 most useful source of information they had in the home buying process was a real estate agent. Let’s break down why.
How an Agent Helps When You Buy a Home
When you think about a real estate agent, you may think of someone taking you on home showings and putting together the paperwork, but a great agent does so much more than that. It’s not just being the facilitator for your purchase, it’s being your guide through every step.
The visual below shows some examples from that same NAR release of the many ways an agent adds value. It includes the percentage of homebuyers in that report who highlighted each of these benefits:
Here’s a bit more context on how the survey results noted an agent continually helps buyers in these situations:
- Helped Buyer’s Understand the Process: Do you know the difference between an inspection and an appraisal, what each report tells you, and why they’re both important? Or that there are things you shouldn’t do after applying for a mortgage, like buying appliances or furniture? An agent knows all of these best practices and will share them with you along the way, so you don’t miss any key steps by the time you get to the closing table.
- Pointed Out Unnoticed Features or Faults with the Home: An agent also has a lot of experience evaluating homes. They’ve truly seen it all. They’ll be able to pinpoint some things you may not have noticed about the home that could help inform your decision or at least what repairs you ask for.
- Provided a Better List of Service Providers: In a real estate transaction, there are a lot of people involved. An agent has experience working with various professionals in your area, like home inspectors, and can help connect you with the pros you need for a successful experience.
- Negotiated Better Contract Terms and Price: Did something pop up in the home inspection or with the appraisal? An agent will help you re-negotiate as needed to get the best terms and price possible for you, so you feel confident with your big purchase.
- Improved Buyer’s Knowledge of the Search Area: Moving to a new town and you’re not familiar with the area, or you’re staying nearby, but don’t know which neighborhoods are most affordable? Either way, an agent knows the local area like the back of their hand and can help you find the perfect location for your needs.
- Expanded Buyer’s Search Area: And if you’re not finding anything you’re interested in within your initial search radius, an agent will know other neighborhoods nearby you should consider based on what you like, what amenities you want, and more.
Bottom Line
If you’re looking to buy a home, don’t forget about the many ways an agent is essential to that process. Any hurdle that pops up, a negotiation that needs to take place, and more, your agent will know how to handle it while they make sure to minimize your stress along the way. Let’s connect to tackle this together.
To view original article, visit Keeping Current Matters.
The Average Homeowner Gained $56,700 in Equity over the Past Year
Understanding the importance of equity can help you realize why homeownership is a worthwhile goal.
Homebuyers: Be Ready To Act This Winter
Competition among buyers will remain fierce as there still won’t be enough homes for sale to meet the demand. so be ready to act!
What Everyone Wants To Know: Will Home Prices Decline in 2022?
it’s important to note that price increases won’t be as monumental as they were in 2021 – but they certainly won’t decline anytime soon.
Advice for First-Generation Homebuyers
Your dream of homeownership has far-reaching impacts and if you’re about to be the first person in your family to buy a home, let that motivate you throughout the process.
If You Think the Housing Market Will Slow This Winter, Think Again.
All signs point to the winter housing market picking up steam, making it much busier than in a more typical year.
Struggling to Find a Home to Buy? New Construction May be an Option
Working with the guidance of your trusted real estate advisor will help you make the most informed and educated decision.