Why you should consider hiring a real estate expert ?

Now that the housing market is on the rebound from the financial crisis, more people are looking to buy a home to take advantages of low interest rates. Buying a home is still part of a dream for many people, so the question is:

Do you need to hire a real estate expert?

Following are the 6 steps to buying a home both with and without a real estate expert –

1-    Deciding to buy a house

a.    With an expert:
The real estate market post-crash is a tricky one. Real estate experts can help you navigate foreclosures, short sales, tighter lending standards and a whole host of other issues.
b.    Without an expert:
It’s all on you to figure out the different parts of buying a home. It can be done, thanks to the internet, but be prepared to dedicate dozens of hours a week to your home buying process.

2-    Financing your new home

a.    With an expert:
A good real estate expert will already have a contract with local lenders. They can help you find a reputable local lender who will provide good service and act in your best interest.
b.    Without an expert:
It’s you against the financial world as you filter through different lenders looking for the best deal.

3-    Finding your new home

a.    With an expert:
It is a real estate expert’s roll in life to find your dream home. They have the contracts, the database of homes and they know how to get things done. An experienced real estate agent will have up to date info on what is happening in the marketplace including pricing, financial terms & trends in the market.
b.    Without an expert:
You will need to create a system to organize you home search. This will include spreadsheets with columns full of locations, prices, number of bedrooms and bathrooms, visit dates, etc… Not to mention you have to keep this file handy as you go and look homes.

 

Real Estate Agent



4-    Making an offer

a.    With an expert:
Good real estate experts are experienced negotiators and should have a mastery of details: helping you complete a real estate transaction that encompasses a win-win price, transaction details like preferred time lines, financing details and other important info that fit your needs.
b.    Without an expert:
You better be able to roll with the punched because if you get in a bidding war with another buyer things could get messy, fast!

5-    Due diligence & inspections

a.    With an expert:
The initial agreement is only the beginning of the process. Appraisal, inspection and financing all pose as possible pitfalls in a real estate transaction. A real estate expert can give objective professional advice to resolve issues and move transaction to closing.
b.    Without an expert:
The required paperwork alone can be overwhelming! Not to mention everything else you have to know how to do.

6-    Closing:

a.    With an expert:
An experienced agent will understate the closing paperwork and knows what to look for regarding closing costs, title insurance, pro-rations and other fees that come up at closing.

b.    Without an expert:
Do you know anything about title insurance, what fees to expect or the paperwork that goes along with it?

With real estate purchases being one of the biggest financial transactions most people will experience in their lifetime, why not let a professional that has years of experience and knowledge help you!

After all in the majority of cases your real estate expert will be paid by the seller, usually 3% of the price of the home!

Add comment

Loading
up

Enquiry

close
close

Enquiry ? Ask the expert now !

Enquiry Enquiry

close

Enquiry ? Ask the expert now !