Looking and finding a new home is the first and most important step, whether you’re just moving out or your family needs a new residence. It’s a lifetime investment that goes beyond only four walls and a roof. The importance of a real estate agent, then, find their purpose where customers’ interests lie. In other words, these agents are the ones who find, offer, negotiate, and close the deal for your desired property.
Many homeowners and buyers can vouch for the importance of these agents in finding their desired property. According to more than half of homebuyers (read more), real estate agents are in charge of negotiating for their desired home with the seller. They also add some expertise in the service and assess the house against the price offered. This is to make sure the property is in good condition in terms of the cost.
The 6 Benefits in Hiring A Real Estate Agent
1. A Done Deal
If you’re not a professional with proper training in this field, it’s safe to say the closing would be the hardest to deal with. There can be a lot of pitfalls along the way, like title issues. There may be someone in the title that hasn’t signed off the sale, which is always possible. Real Estate companies with homes for sale in Raleigh NC, for example, have title insurance for the homes they put up for sale. This protects you, the buyer, from any hidden records missed during the inspection.
There could also be some nasty infestation that can cause severe damage to the building (like failing a termite inspection). It is the seller’s responsibility to resolve this problem, and if they refuse to, the agent can advise you to leave the deal. Otherwise, you might unknowingly buy a home that’s about to fall on top of you or your family’s heads.
It could be technical as well. For example, a house isn’t insurable because it’s too high-risk and risk-prone. All of those can be handled by a professional realtor in your stead and will give you sound advice in that regard.
2. Meticulous Record-Keeping
Your real estate agent can serve as a record-keeper for any much-needed document and essential papers. Although they aren’t licensed lawyers, they can significantly help you if you need to dig out old records from several years back or more. Though it seems plausible to keep the documents yourself, it should be safer with the agent.
There can be elements that will compromise the documents in your own home, like the papers getting wet, or in worst-case scenarios, fires. In comparison, the agent’s records will be safeguarded and even kept under lock and key, with no one having access to it except you and said agent.
3. Access To Important Information
If you’re planning to move houses to a state you’re not familiar with, having an agent can help you fill in with the codes about what can be allowed and not allowed in that state. Since you’re not informed before the purchase about each state’s codes, having a realtor handle legal matters will lift a massive burden of comprehending the laws from your shoulders.
If the property you wish to buy is to become a business, the professional agent can choose the right property. But it’s not just major stuff like starting a business. In some places, your property can be considered not “up to code” if you put up a fence, or an extra installment in the house, like a bedroom.
Some states even charge expensively when a buyer plans to upgrade the place. Even just connecting an old house to the sewage system can cost the buyer a lot of money. This type of “fine print” information can easily be avoided when an agent is present. They can inform you before the deal can be finalized, so you have time to think about it.
4. A Peaceful Negotiation
Petty things can arise from buying a house as well. As much as you consider yourself even-tempered, you’re still dealing with someone with a different point of view from you. It can easily create some bad blood between you and the seller that can jeopardize the deal if went unchecked.
This is where a realtor comes in. As a third-party, they aren’t as attached to the deal as you, the buyer. Though their commission rides on the deal being sealed, they aren’t the one with a lot at stake—money, time, and emotion on the property—you are. As an expert, it is suggested that they handle difficult negotiations since they’ve been trained to deal with it smoothly.
5. Identifying Problems And Requesting Repairs
Realtors (especially seasoned ones) know what a sturdy, well-built house looks like. Due to the hundreds of homes they see in their lifetime, looking at a faulty one is like identifying a misspelled word in an article. It’s already instinctive for them. Thus, they cannot repair the problem itself but contact a reputable home inspector to take a look at it.
Having an inspection for a house you plan to buy will ensure there are no hidden problems that can cause long-term headaches in the future. According to Investopedia, a failed home inspection can be used as a contingency against the deal you had with the seller. That means you can withdraw from the agreement even if it was already made. Read full article: https://www.investopedia.com/articles/mortgages-real-estate/08/home-inspection.asp
6. No More Paperwork
No, that doesn’t mean getting a realtor can magically eliminate the mountain of paperwork you have to deal with. Rather, it will be up to the realtor to accept, do, and finish all of them instead of you. All you have to do is listen to them explain the essential points of those documents and affix your signature below.
You should also note that it doesn’t make them your secretary. Agents are only the record-keepers and the third-party to explain large and fine prints of the documents and contracts. Still, not having to stew over those papers could already deem worthy of hiring one.