With the housing market recovering from the recent decline, home prices have increased more than 11% just in 2013. Home sales have also increased since the market crash, due hugely to the comparative low mortgage rates now being offered.
Because of the previous market crash, the housing market can be tricky. With foreclosures, short sales, and tighter lending standards, buying a home without a real estate agent can cause potential homeowners to loose the house of their dreams without the proper guidance.
There are many reasons why having a real estate agent is a good choice when purchasing any kind of real estate. With such a large investment, it is important you have the proper guidance and expertise. Below are just a few reasons why you should you have a real estate agent:
Reason 1: Good real estate agents have contacts with local lenders, who can often offer low interest rates and will act in your best interest. On your own, it can be difficult to navigate the financial world and therefore leave you with a higher interest rate and higher mortgage payment.
Reason 2: It is a real estate agents role in life to help you find your dream home. They have a large database of resources and homes, as well as up to date information on the surrounding marketplace. Having a real estate agent who is familiar with the areas you are looking to purchase in can save you valuable time and money. Without an agent, you will have to navigate the housing market on your own, potentially loosing out on your dream house while you search countless others.
Reason 3: With a real estate agent, you have the power to negotiate a better and fair price based on the current market trends, as well as obtaining qualified financing that fits your needs. Having a real estate agent as your negotiator can help you complete an easy and stressless real estate transaction. The initial agreement is only the beginning step in the purchase process. The required paperwork alone with appraisal, inspection, and financing can be overwhelming without the proper guidance.
Reason 4: An experienced agent will understand the closing paperwork and knows what errors to look for regarding closing costs, title insurance, and other fees at closing. Would you want to be left without proper title insurance and closing paperwork with your home investment?
With Real Estate Purchases being on of the bigger financial transactions most people will experience in their lifetime, having a professional that has years of experience and knowledge can be one of your most valuable resources!