If you are in the market for a new house, you may be unsure if you should work with a real estate agent. It is possible to buy a home privately with direct contact with the seller but working with an agent can help protect both parties involved from miscommunication. Take a look at these five reasons hiring an agent will help you get the right home for the right price.
Real estate agents have experience negotiating the price when it comes to submitting offers on a house. They are more familiar with getting the best deal available on the property you want to buy. Buying agents specialize in understanding fair valuation on home, what is a fair offer, and one that works for you, and how to negotiate with selling agents.
While you may think that hiring a real estate agent will cost more money, it will have the opposite effect. Commissions are typically factored into the deal. Depending on if you are looking in a buyers’ or sellers’ market, the commission may be paid by the seller.
3. Knowledge of the area
After communicating with a real estate agent, he or she may already have an idea of a property to show you or where to start. Buyers typically know exactly what they want in a property, such as the number of bedrooms or bathrooms, but don’t always know where to find their ideal home. Agents can take your list of requirements and compare them to what is currently available and what is coming available soon. Real estate agents are also familiar with reasonable prices for the area so you do not overpay and can stay within your budget.
Real estate agents may be aware of the issues that didn’t cross your mind when looking at a potential property, such as leaks, roofing problems, mold, or insects. He or she will know if the price for the property is reasonable and will be prepared with reputable information regarding area crime rates, schools, and demographics.
Real estate agents are working for you and will do everything in their power to help you find the house of your dreams. Agents have a fiduciary responsibility to their clients, which means they are legally obligated to put their clients’ best interests first. This means they can help you to understand what is reasonably requested from the seller or seller’s agent, if applicable.
The real estate agents at Premier Properties are ready to help you on the journey to your new home. Whether you are looking to buy, sell, or start from scratch with a builder, our agents know the process from beginning to end and want to help you find your dream home. View our available properties or call us at 812-537-9669 for Indiana and 513-354-2300 for Ohio and Kentucky for more information.