Given that home buying is already a huge expense in itself, the first thing most people think about when they want to buy a home is — how much money they need to save without having to resort to clipping a bevy of coupons, dividing 2-ply toilet paper in two, and keeping their shoes together with Duct tape.
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Before you even attempt to DIY the whole process, remember that the real estate industry is a big, complicated world. Untrained eyes tend to overlook a few important details which may inadvertently affect you, your finances, and your lifestyle for many years to come. It makes sense that when dealing with significant investments like home buying, it is always best to hire a professional.
Here are the reasons why:
You can actually save more money by working with an agent.
Yes, before he/she gets the commission, your local real estate agent is already saving you thousands of dollars from the start.
Local agents have a wide network of connections including various local lenders who can help you with the down payment. You will have access to more affordable options than just going straight to the bank.
Negotiations are priceless. An agent who works for you will be able to find out the history of a certain property, whether it has been renovated, neglected, or has been sitting in the market for so long. Your agent knows the actual value of the home and will be able to lower the price for you. For example, it is easy to know that the median property value in Bryan County OK is between $87,000 to $90,000, but if you work with an experienced local agent, you might discover a few interesting homes at a much lower price range.
Real estate agents are trained in paperwork.
This is the primary benefit of hiring an agent – to do the mountain of paperwork for you. From the financing documents to the legal contracts, an experienced real estate agent has already established a system to navigate the entire process.
Do you really have the time and the patience to study everything from scratch? It can be overwhelming even for a previous home buyer. It pays to know someone who is willing to answer your questions and guide you in making an informed decision. With a good real estate agent, all you need to do is to read and sign those documents prepared for you.
Local agents have better access to local information.
That is why they’re here to help you. Having seen hundreds of houses and traversed entire neighborhoods for years, a seasoned agent will be able to find the home that ticks the items on your wish list. Want a home near the best schools in Bryan County OK or perhaps a house with a breathtaking view of the Lake Texoma? Your agent can find it for you.
Most local agents have lived in the area of their specialty so they know which places are worth the market value. It’s like having a backstage pass to a concert; you get exclusive access to information which may not be available to everyone. If there is a house for sale that is not yet listed on the market, your agent will be among the first ones to know it for sure.
Hiring an agent lessens the buying time.
Because some properties are sold faster than others, a local real estate agent can tell you which is hot and which is not. Without someone representing you, you may miss the chance on a particular house that you really like because you were not informed about the multiple offers going on. An agent will tell you all that you need to know so you can make an offer at the quickest time possible.
Costs are straightforward when you talk to an agent.
A local real estate agent is knowledgeable about the tax information, insurance coverage, closing costs and maintenance expenses that are unique to a specific area. Gathering these facts beforehand can affect the price negotiations. If you go solo, you may be surprised by the unmentioned expenses on top of the price that you are willing to pay.
If you are looking for the best homes in Bryan County OK, I will be glad to assist you. Send me an email or call my number today.
Brian A. Allen is a new Realtor and is full of energy, excitement and zeal for every sale. He spent most of his career in marketing and now applies that skill set to the homes his clients want to sell. Click here to learn more about Brian A. Allen