Wednesday, October 25, 2017 / by Alex Krasnoff
The market is still booming and you're thinking about selling and buying a new home.
Even if you're an experienced home buyer and you think you got this down packed? It's still helpful to use an experienced Realtor. Here's why!
1. The market is changing and an agent knows how to navigate it!
Did you know some homes can be a "poor investment"? It may seem like a steal-of-a-deal but sometimes home values can depreciate. An experienced agent will make sure you are in the best neighborhood and get
2. You're staying local to your area, so why use an agent?
You love your city so you are looking to stay local. An agent knows the area better than Google does. They know where the best shopping is, the best restaurants are and the best homes that are the closest to these perks. If you are looking for a new community that includes a pool, clubhouse, HOA's or etc, ask a local agent! An agent knows a lot about the territory that they're in. It's their job to know where the best hole-in-the-wall mom and pop shops are, so why not get the inside scoop on these great digs! It may sound funny to say, but realtors know what you're looking for, and whats best for you, better than what you do.
3. Who will answer all your questions?
What does a contingency mean? What is a property disclosure statement? There are some pretty big words with hard to understand meanings to someone who may not know anything about Real Estate. Having a realtor by your side will be with you every step of the way. Through all the in's and out's, all the big scary words and nail-biting deadlines, we have your back and make sure that you have every answer to all your questions.
4. Patience is key.
Have you seen a real estate contract? It's lengthy. It's intimidating. It's legally binding. So how do you go about navigating and understanding the verbiage in a contract? Simple, a realtor. It's part of their job to explain every word and phrase of a contract to you, yes, even the fine print. Don't spend hours of googling terms or thousands hiring someone who can explain every term to you. Let your local professional Realtor do it.
Did you just find your dream home but you feel it is too expensive for it's worth? How do you know if the home is overpriced? How do you know what homes in the neighborhood sold for prior to this house being listed? Can you negotiate a deal without any of this knowledge? Probably not. It's always in your best interest to have a professional and experienced Realtor on your side. Their priority is to get you the best deal and to work in your budget, legally. An agent will know when a house is a killer deal and when it's overpriced based on the comps. Still just in love with that home that's over market value? An agent will be able to negotiate a deal with the listing agent and sellers and work as hard as they can to get that dream home back to its market value and comps. Keep in mind that sometimes it may not work. Sometimes homes are over market value for unseen reasons and the sellers won't budge on the listing price.
6. Fo' free!
Calling all money-saving lovers out there! Did you know that when buying a home, the buyer's agent (your realtor) commission (their paycheck) is included in the price of the home? That means it doesn't cost you
Photo: Cherry Pick Homes via http://cherrypickhomes.com/market-update/ottawa-real-estate-market-october-2014/
Blog Title idea: Century 21.