How Real Estate Agents Save You Time & Money
Lately, home buyers have started to believe they can act as their own real estate agent. That may be fine for some, but, for most of us, that is a heavy load to carry during what can already be a stressful (good stress is still stress) adventure albeit exciting time. So, “Do you need to use a real estate agent to work with me, even if I can go directly to the builder and negotiate my own deal on my behalf?” The short and long answers are, “Yes!”
Yes! Get Yourself A Real Estate Agent
A word about real estate agents: They’re great. I recommend that all home buyers use an agent when they purchase or sell a home. Period. The internet is an excellent tool for gathering information. Still, a real estate agent is an invaluable asset when you’re reviewing contracts and finalizing your deal with a builder. Builders take home shoppers with agents more seriously because the overwhelming majority of homes they sell (eight out of ten) have an agent assisting the buyer. Most agents will help you search for your home, assist you during negotiations, and will appear with you at the closing table. The best agents have a way of making buyers feel secure as they move through this process.
The Monetary Benefits of Having A Real Estate Agent
There are some tremendous monetary benefits to working with an agent. First, they have vast experience helping people buy homes. While you may only purchase a few homes over your entire lifetime, agents are part of new home sales every week. Second, a realtor can get you a better deal on your home. Builders are a little reluctant to alienate agents with hard negotiating tactics, and agents know this and use it to your advantage! Builders know that one bad experience with an agent could cost them an additional 8 to 10 sales in the next year. Agents talk to each other, and the last thing a builder wants do is get a bad reputation in the real estate agent community. To put it in simple terms, builders need agents. Second, the agent field is getting extremely competitive, and many agents will cut great deals with you to represent you. Find an agent you like and make your best deal with them. You can interview several before you pick the one you’ll eventually hire.
Real Estate Agents Work For You
If you secure a real estate agent, they are ethically bound to represent you and help you find the right home for you at the price you can afford. Even though the seller pays the real estate agent’s fee, the agent is bound by law to help you find the home that you need within your budget.
So, talk to a few agents and then hire the one that you feel understands your needs. Make sure they are licensed and have a great reputation. A great agent will give you peace of mind as you go through this journey. Knowing you have a seasoned expert on your team that will help you find the perfect home and get a great deal on it, not to mention helping you avoid making rushed or unwise decisions. Your home is your sanctuary, and you should be able to take the time you need to make a well-informed decision on the house that will become your home!