What Can a Buyer’s Agent Do for You?
It’s natural for most homebuyers to hire a real estate agent or broker who can help them find a property. Without one, they’ll have to learn and practice all at once, all the skills that experts spent years mastering. From searching for a property that fits the client’s budget, all the way to negotiating and closing the deal, the many duties and responsibilities of a real estate agent reflects the normally complex process of home buying.
If you pick a good real estate agent, you can expect help from this pro all throughout your home-buying endeavor. But how specifically does it happen?
To help you purchase a home, your agent should have a deep working knowledge of the real estate business, including price trends, conditions and amenities in the neighborhood, relevant real estate law, taxes and zoning issues, financing options, insurance and negotiation techniques. He should also be emotionally stable to effectively handle the stresses of his job.
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During your first meeting, the agent will likely help you examine the viability of your wants and needs as a home buyer, specifically with regard to the type of home and community you are planning on. He will guide you in drawing up a pragmatic budget, exploring financing options, learning about present market conditions, and knowing what to expect while you shop around. In addition, he will come up with a strategy or shopping plan basing on your needs and financial preparedness, and your target area’s current market conditions.
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While you shop for a home, you’ll have to check out available properties with your agent and talk about so many details, like a home’s selling points, its proximity to key establishments like schools and hospitals, the crime rate, and the like.
The agent will also be responsible for obtaining disclosures, ensuring home inspections and repairs are done, and coordinating with your lender, lawyer, roof inspector and other professionals involved in your purchase. If bargaining above the price is needed, your agent will negotiate for you; and when you finally have to sign the closing documents, he will also be there, making sure that everything is fair enough for you.
Each time you have questions or concerns, you can bring them up with your agent, who must be able to give you the right answers or clarification.
With several agents who can represent you, it’s important for you to be careful in picking the professional who can best satisfy your needs. Ask friends, relatives or coworkers who have hired an agent in the not so distant past, and were happy with the outcome. People are usually glad to give referrals.