Buying your first home can be an exciting time in your life, but it can quickly become confusing and frustrating if you aren't careful about selecting a home, vetting the property and signing on the correct dotted lines.
You wouldn't strike out for the summit of Mount Everest on your own, and you certainly wouldn't hop in your Jeep and take off across the Saharan wilderness with just a map and a pair of binoculars. You'd hire a guide, and in the adventure of home buying, being a guide is the job of a real estate agent.
For most people, a home is the biggest purchase they’ll ever make. It’s a significant financial commitment with lifelong consequences. Why wouldn’t you want help from an industry expert?
Here are five reasons you should turn to a qualified real estate agent when the time comes to purchase:
Most first-time home buyers are surprised to hear this. The seller pays a commission to his or her real estate agent and to your agent upon closing. For prospective home buyers, using a real estate agent is a low-cost proposition.
A good real estate agent has spent decades forging relationships in the community that will yield the information you need when buying a home, from proposed new developments to zoning restrictions to the quality of different neighborhoods. They can also access the Multiple Listing Service, a database where real estate agents share information about houses on the market.
Negotiating the price on a home you are interested in buying can be a complicated process, requiring knowledge of the area's home values, what other offers have been made and how best to work with the seller's real estate agent. The experienced hand of a real estate agent guiding your offers and counter-offers will pay big dividends.
Buying a home involves a veritable whirlwind of paperwork, and if you accidentally sign on the wrong line or fill out a form incorrectly, you could be looking at delays in closing on your new home. Your real estate agent will be experienced at guiding clients through all the necessary contracts and forms, and can make sure you don't cost yourself time with simple mistakes.
If you can hire a guide for buying a home (or anything else, really) for free, you should do it. Get the benefit of local connections, great resources, negotiating skills and someone to help you through the paperwork, and let the seller pay the commission.
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