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You may have heard the common question asking why anyone would want to hire an agent to help buy a home. The fact of the matter is that real estate agents have many services to offer on all sides of the real estate equation. We all know what they do to assist us in selling our homes but did you know that there is equally as much, if not more, that they can assist us with when buying? Industry jargon coins it Buyer’s Value Proposition – and to make it simple we’ve listed ten things, from start to finish, helping to clarify exactly why, if you’re in the market to buy a property, hiring a real estate agent is a very smart initial move to make.
Needs Analysis
Agents thoroughly assess your needs as a buyer and assist you with identifying how you define the ideal home. They focus on the things that matter most to buyers in a home so that finding the right home is a much more fruitful endeavor.
Pre-Qualification and Pre-Approval
Choosing a loan officer can be a daunting task if you are out there on your own. An agent has a solid rapport with qualified loan officers in the region and they connect you with one to suit your needs, see through the process of getting pre-qualified and then approved. Terms are then negotiated to be in the buyer’s favor and assistance with finding the best possible mortgage financing is also provided.
Neighborhood Profiles
Understanding and listing a buyer’s selection of neighborhoods, real estate agents also compile data for each locale that helps to center in on which neighborhood is the right one.
Home Search Multiple List Services
Helping you to gain access to a large number of properties, agents arrange a home search process that makes accessing and perusing a MLS much simpler and useful at the same time. Not only that, your agent will keep you updated regularly, provide you assistance with drive-by home visits and coordinate home showings of the ones you are interested in.
Making Offers
When you center in on a home after going through the entire prequalification and then search process, the last thing you want to do is to make a decision that could hurt your chances of getting that ideal home. Agents go through the process with you, offering advice on terms so that you can be confident in your decision. Once the offer is decided, the contract is filed out with your agent’s help.
Negotiation to Buy
One less thing for you to worry about, your real estate agent will handle the process of taking your offer to the seller and his/her agent and negotiate the purchase on your behalf.
Coordination of Vendors
With so many vendors also in the picture for things ranging from the mortgage, title and insurance to other important aspects of the real estate deal, some coordination is required. As real estate agents, most deal with vendors on a regular basis and your own agent can help connect you to reputable vendors.
Preparation Prior to Closing
The main thing to be careful on is the documents right before closing on your new home. With assistance on all pre-close preparation, including document generation, agents also provide consultations to make sure the buyer is comfortable with all stages of the process and is ready to proceed.
Closing of the Sale
Providing a watchful eye and a helpful hand, real estate agents play a pivotal role in making sure all things are lined up during the closing stage of your new home purchase. Working to make everything as smooth as possible, you will be guided and then provided help throughout, until the final transaction is successful.
After Closing Assistance
Once all is said is done, the real work begins. Your agent will provide you support and backing to make the move-in process as smooth and effortless as possible. Whether assistance with moving your household items or learning about the new neighborhood you will be given ample help on that front, or in any thing you may need.
It’s an often misconstrued fact that real estate agents are very useful for the all-around real estate process; whether you are looking to sell or buy, you can definitely benefit from the supportive hands of your local agent.
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