16 REASONS TO WORK WITH A REALTOR® WHEN BUYING A HOME
A seller more than likely has a Realtor representing their interests; here are 16 reasons you should too!
1. Realtors® are members of the National Association of Realtors and must adhere to a strict Code of Ethics. Not all real estate agents or real estate salespersons are Realtors.
2. As a buyer, it usually costs nothing to be represented by a Realtor. In most cases this is because the seller’s agent shares a portion of their commission with the buyer’s agent.
3. Real estate has its own language. If you don’t know a CMA from a MUD, you can understand why it’s important to work with someone who speaks that language.
4. A Realtor can help you determine how much home you can afford. He or she can also refer you to lenders that are best qualified to help you.
5. A Realtor, in addition to knowing the local money market, also can tell you what personal and financial data to bring with you when you apply for a loan.
6. A Realtor is already familiar with current real estate values, taxes, utility costs, municipal services and facilities, and may be aware of local zoning changes that could affect your decision to buy.
7. A Realtor can usually research your housing needs in advance through a Multiple Listing Service—even if you are relocating from another city.
8. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.
9. A Realtor can save you time and hassle by showing you only those homes that are best suited to your needs—size, style, features, location, accessibility to schools, transportation, shopping and other personal preferences.
10. There are two things you’ll probably want to know before you buy a home. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to
sell? A Realtor can help you answer these questions.
11. A Realtor often can suggest simple, imaginative changes that make a home more suitable for you and improve its utility and value.
12. Realtors provide objectivity. Since a home often symbolizes family, rest, and security, not just four walls and roof, home selling or buying is often a very emotional undertaking. For most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you keep focused on both the business and emotional issues most important to you.
13. Your Realtor can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
14. Your Realtor provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your Realtor can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports.
15. A real estate transaction is complicated. In most cases, buying a home requires disclosure forms, inspection reports, mortgage
documents, insurance policies, deeds, and multi-page governmentmandated
settlement statements. Having a knowledgeable professional to guide you through this complex process can help you avoid delays or costly mistakes.
16. Realtors have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in-between each purchase. And even if you’ve done it before, laws and regulations change. That’s why having an expert on your side is critical.
Source: The National Association of Realtors