With all the real estate information that is readily available online, it may seem that home buying is now as easy as 1-2-3. In fact, some people have been able to buy a house on their own. But, purchasing a home is not that simple as you may think. In fact, it is quite the tedious process that takes weeks, months, and even longer. Home buying entails a ton of work that is best left in the hands of a professional – a real estate agent.
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This is why 88% of homebuyers still buy their home through a real estate agent, based on a NAR study.
When purchasing a home, the one who will represent you is called a buyer’s agent. By working on your behalf, he/she will save you hundreds of hours of research, negotiations, and paperwork. For further enlightenment, here are a few more reasons why you need to purchase a home with the help of a real estate agent:
It simplifies the buying process.
Hiring an agent means you’ll receive listings that tick off your home buying checklist (number of rooms, square footage, price range, location) saving you time from browsing hundreds that do not fit into your criteria.
The paperwork will be properly filled and filed.
With a real estate agent by your side, you will be able to review all the paperwork involved in the home buying process. If you’re wondering just how much documents there will be, here is a rough estimate (from Zillow):
Purchase Contract = 10 to 200 pages (addendums, disclosures, disclaimers, escrow instructions, etc.)
Mortgage Loan = 100+ pages (deed of trust, promissory note, lender disclosures, HUD-1, etc.)
Title Insurance = 15+ pages (abstract, policy, exclusions)
Property Insurance = 30+ pages (homeowner’s policy, liability, coverage exclusions)
HOA documentation = 200 to 300 pages (bylaws, conditions, restrictions, and more)
Now imagine having to read and decipher the terms and jargons all by yourself. Are you willing to take legal risks due to a few missed details? Surely, a real estate agent is worth it.
A local agent knows the current market data.
You will receive a better analysis of the comparable homes in the neighborhood. For example, he/she can explain to you why that renovated home in the historic Bryan County district has a better value than the newly built one on the other street.
With his/her local knowledge, your real estate agent can help you make a strategic offer (and counter offers), with a price that is fair enough yet still attractive to the seller.
Your real estate agent will act as your mediator.
Without any emotional connections for the target house, your real estate agent can help you look beyond the lovely home staging or the distasteful paint colors. Your agent will help you negotiate on the repairs, disclosures, and other things that reflect the actual value of the house. If it is overpriced, your agent will find a way to lower the purchase price without annoying the seller. All the efforts will be done in your best interest.
According to the NAR statistics, “…73% of homebuyers say that they would use the same agent again”. Real estate agents work hard to provide you with the best service possible. You should never think twice about hiring one to ensure a smooth and uncomplicated home buying transaction.
Thinking of buying a home in a quiet and charming community? Bryan County OK has lots of neighborhoods that combine small town living with perks of the big cities. Call or email me today.