Realty Solutions, Inc.
10 Top Reasons To Hire A Buyer's Agent When Buying A House
Buying a house is a very exciting time and one that buyers should prepare for. Whether it's preparing to get a mortgage or shopping for houses, making a mistake when buying a house can lead to many future headaches.
So how does a buyer make sure their best interests are being protected? Simple, hire a buyer's agent. There are several reasons why it's extremely important that when you're buying a house that you hire a buyer's agent.
Since a buyers agent is looking out for a buyers best interest, they'll help ensure the buyer gets the best deal possible. Below are 10 of the top reasons to hire a buyer's agent when buying a house. Understanding these 10 reasons should make it clear that you need representation when buying a house.
1. It's FREE To Hire A Buyer's Agent
One of the most obvious reasons to hire a buyer's agent when buying a house is that it's free. There are very few circumstances where it costs money to hire a buyer's agent.
2. A Buyer's Agent Knows What To Look For When Viewing Houses
An excellent reason to hire a buyer's agent when buying a house is because they know what to look for when viewing houses. There are certain red flags to look for when buying a house, many of which you may not be aware of. An experienced buyers agent who looks at houses day in and day out will be able to identify potential problems within a house relatively easily.
3. A Buyer's Agent Understands The Local Real Estate Market
Each and every real estate market is different. Real estate markets can differ from town to town and even neighborhood to neighborhood. It's extremely important when buying a house that you have access to information about the local market.
4. A Buyer's Agent Can Help Evaluate & Secure Financing
The world of real estate financing can be very confusing and complex. One thing to expect when you hire a buyer's agent when buying a house is help with evaluating and securing the best financing for your circumstances. A buyer's agent can help you navigate through the various financing options and help you decide which type of mortgage is best. In addition to helping you understand the various options, a buyer's agent will be able to help you secure financing through a mortgage broker.
5. A Buyer's Agent Will Coordinate Showings
One of the most overlooked tasks that a buyer agent performs on a daily basis is the coordination of showings for buyers. Coordinating showings can be tricky and something that gets confusing. A great reason to hire a buyer's agent when buying a house is they'll be responsible for coordinating viewings of multiple potential properties. If you're buying a house and have interest in a dozen properties, a buyer's agent is responsible for making sure that you have the opportunity to view potential properties if they're available.
6. A Buyer's Agent Will Know How To Write Real Estate Contracts
Even if you're buying your tenth house, it's unlikely you're familiar enough to easily navigate a real estate contract. When you hire a buyer's agent when buying a house, you're hiring a professional who knows the ins and outs of real estate contracts. There are many parts to a real estate contract and having an experienced professional to guides you through the contract is vital. For example, there are several real estate contingencies to consider included in a purchase offer and several deadlines that need to be set in a contract, and other important parts within a real estate contract.
7. A Buyer's Agent Will Have Access To Experienced Professionals Needed During a Transaction
During the course of a real estate transaction there are several professionals that are needed. When you're buying a house you'll potentially need a mortgage originator, a home inspector, a real estate attorney, and a handful of other professionals. When you hire a buyer's agent when buying a house, you can expect they'll have a pocketbook full of recommended professionals. An experienced buyer's agent will have several mortgage companies, inspection companies, law firms, and other services that they can recommend to you.
8. A Buyer's Agent Will Be Your Negotiator
One of the most frequently asked questions about buying a house relates to the amount that should be offered for a home. A huge benefit that you'll receive when you hire a buyer's agent is that they have valid market data, and they can negotiate on your behalf.
9. A Buyer's Agent Will Keep The Transaction On Schedule
Delays in real estate transactions happen, but this doesn't mean that it's acceptable. A delay in a real estate transaction is frustrating to all parties involved, especially for a buyer and a seller. When you hire a buyer's agent, you're greatly improving the chances that your real estate transaction will stay on schedule. There are dozens of reasons why real estate closings are delayed, many of which can be avoided by hiring a top buyer's agent.
10. A Buyer's Agent Can Be Your Emotional Filter
Buying a house is very emotional and can potentially get the best of a buyer. Another great reason to hire a buyer's agent when buying a house is they can act as an emotional filter. Since a buyer's agent isn't emotionally attached to a specific property you may have interest in, they can help keep you from making an emotional and rash decision. Ultimately a buyer is the final decision maker, but a buyer's agent can help a buyer weigh the PROs and CONs to potential properties while taking the emotion out of the decision.
There are many reasons to hire a buyer's agent when buying a house and the top 10 reasons discussed above should make it clear that when you hire a buyer's agent, you're hiring a professional to look out for your best interests during one of the largest purchases you'll ever make.
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Green Tree Realty Solutions, Inc.
P.O. Box 61
New Palestine, IN 46163
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Jim Bardes, SERES, CAREI Certified