Buying a home is a lengthy process. It is only natural that you would want the best you can find. Well, the search for that dream home can seem off-putting if it is your first time buying. When you put it that way, why not ask for help from someone that knows what to do and has done it many times before. That someone is a real estate agent. Now, you must be thinking “Should I hire a real estate agent?” The answer depends on your situation, but the most common answer is yes. Why would you struggle to buy a home when you can hire a real estate agent who will do everything for you? In the end, the only thing you will have to do is decide if you want to buy the property or not.
With that being said, if you are still unsure whether you need a real estate agent or not, you are in the right place. We will go over the top reasons to hire a real estate agent to help you buy a house. Now, if you are ready, buckle up and let’s dive right in.
Let’s say that searching for a property is like a scavenger hunt. Given that, it is only natural to assume that real estate agents would do much better compared to you. It is in fact their profession to hunt for real estate properties. Additionally, real estate agents can find these properties much faster as well as some hidden properties that you have no way of finding. This is done with the help of an MLS system that contains both present and future listings that you have no way of knowing since MLS is only available to real estate agents.
Now you might be wondering why are these properties hidden? Well, it is because they are still not ready to be sold but with some work, they can be just what you are looking for. This usually happens when a seller simply refuses to put the property on the market for personal reasons.
When you hire a real estate agent, there are no up-front payments waiting for you. In the majority of cases, there are absolutely no costs until the closing happens. However, there is a possibility that you can come across an agent that does require some sort of payment beforehand.
Furthermore, another reason why you should consider hiring a real estate agent who has completed real estate classes is that they know what they are doing. Simply put, they have seen it all. This is a great advantage as they can easily tell bad properties from good ones. They will also consider things that you will not even think about. These can include simple things like edited photos, the home is a short sale, maybe the property is located in an area that has high risks of flooding, or the property is simply too good to be true. Why risk something like this when an agent can protect you from making a bad decision.
Lowering the price is always a good thing when you are buying something. This is especially true in the real estate industry. When properties sell for large amounts, lowering the price even a little bit can go a long way. That being said, if you are not a good negotiator, why not let your real estate agent help you. They are experts in negotiation and their goal is to help you in any way they can. Keep in mind that they will not only negotiate the price of the property. Additional things such as appliances, closing costs, and even repairs are all further possibilities to reduce the overall costs.
Another benefit on the list is that real estate agents have connections in the business. This can help you more than you might think at first. A real estate agent that has worked for a long time knows a lot of people. Needless to say, this includes insurance companies, inspectors, appraisers, and many more that can aid you if there is a need for it. For example, if you are lacking funds to purchase a property you found, a real estate agent can connect you with someone so you can get a pre-approval mortgage letter.
All in all, we hope that we have helped you reach a final conclusion. To summarize, “Do you have to hire a real estate agent?” No, but you will miss out on so many benefits that are too good to pass on. Also, “When should you hire a real estate agent?” The answer is right away. Hiring one from the start will save you so much time, effort, and also money.