Buying A Home – Why You Still Need A Realtor

Real Estate agent

How to Buy a Home with a Realtor?

It is still a buyer’s market, which prompts many future homeowners to ask, “How to Buy a Home with a Realtor?” Purchasing a home is a major life landmark and the biggest financial commitment that most people make. Emotions play a huge part in decision making, especially for first time home buyers. Contemplating a first home or a move to a more spacious one is exciting, but it’s also very easy for a home buyer to let that excitement override good judgment, and this perhaps one of the many reasons why you need to use a realtor when buying a home.

 

What Home is Affordable?

 

Many home buyers can get really excited by the idea of buying a home that they become easily confused about the true costs. Focusing on the sale price alone doesn’t consider the whole picture and the real expenses involved. Part of a realtor’s work is to assist home buyers in finding out just how much home they can financially handle, figuring in debts and down payments, taxes and interest beyond the mortgage principal and any other costs tied to owning a property. When a home buyer reaches the stage of wanting to make an offer, agents serve as master negotiators for the buyer to make sure that the offer is reasonable against the sale price. It is also the responsibility of the Realtor to be knowledgeable and up-to-date on comparable bank and mortgage rates and loan details, saving the buyer an immense amount of time finding the most suitable lender.

 

Why Not Do It Yourself?

 

The temptation to buy a home without using a real estate agent may be strong, at least until a buyer realizes how involved the home buying process can really be or even where to start. Unlike most other purchases, the buying and selling of property is heavily regulated. Complex property laws are uncommon knowledge to the average home buyer and, even the tiniest mistake in the volumes of paperwork needed, can break a home buying deal and a prospective owner’s heart. By hiring a www.okanaganbc.com  Realtor, home buyers transfer the intricate legal aspects of the transaction to the willing shoulders of someone more experienced.

 

Closing Time

 

Realtors have a very big incentive to make home buyers happy. Realtors will not get paid until Completion of sale . Although commission is paid by the seller, it’s very important that an agent, helping a buyer to purchase real estate, make the start of the initial sales agreement to closing seamless. Many legal documents accompany a settlement involving lender’s terms, title investigation and insurance, which can be a dizzying experience for anyone inexperienced with the highly detailed process.

 

Realtor Resources

 

Realtors share exclusive real estate information with buyers through a fact-filled database known as the Multiple Listings Service (MLS). With this tool, buyers can learn average home sale prices in particular neighborhoods, available unadvertised properties and community school, tax and much more. Real estate agents make a living by knowing the right people. A realtor’s daily colleagues are a circle of valuable people who ensure rapid and smooth home buying transactions–mortgage lenders, appraisers, advertisers, surveyors, lawyers, repair contractors, builders, title insurance companies and other real estate agents who have real estate listed in the market.

 

Conclusion

 

Even though do-it-yourself alternatives exist, more than 80 percent of home buyers still purchase a home using the services of a realtor. So make a wise choice today and avail the services of a realtor to buy the home of your dream.

Ryan Homes – The Avalon Isle Model

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