For first time home buyers, it is exciting to search for homes for sale in your area. However, it can be difficult to know where to begin and what to look for if you’ve never purchased a home before. When you’re looking at local homes for sale there are several things you should consider, including features of the neighborhood (education system, crime statistics and local economy), your personal finances and your goals for owning a home.
A real estate agent can be incredibly helpful and hiring a professional Realtor is a necessity for anyone who doesn’t have experience as a homeowner. Real estate agents are familiar with the listings in the area and will have insider knowledge about local homes for sale. Most homeowners plan to live in their new home for at least two years, so it’s important that you make a good decision about which property you buy. Owning a home can also boost your financial security — three out of four homeowners report that their home is their biggest source of wealth. If you’re in the market for a new home but are overwhelmed with everything you need to do, the first step is to hire a real estate agent. Here are a few things a Realtor can help you with during the process of buying a new home.
1. Finding local listings
A Realtor’s job is to be familiar with local homes for sale and they will know all the best tools and resources to help you find the perfect home. You can tell your Realtor your requirements for buying a home, and they will find a location that fits your criteria.
2. Tips on home financing
Although the real estate agent isn’t responsible for facilitating lending opportunities for your new home, they have lots of experience working with people who need to secure funds to buy a home. They can direct you to the most reputable financial institutions so you can feel confident about your choice for a lender.
3. Insider connections
A Realtor has lots of connections because they are tasked with bringing buyers and sellers together. If someone has a newly listed house that is in line with what you’re looking for, they’ll be among the first to know and they will pass that information onto you so you can have the most options as a buyer.
4. A personal advocate
It’s important to have someone on your side when you’re looking to buy a home, because when you have an industry expert behind you, you can get better deals and find the best listings. You have more power when you’re working with a real estate insider, so you will have priority access to homes that you wouldn’t have without a Realtor.
5. A faster sale
Because of all the connections and networks your agent is affiliated with, you are much more likely to have a streamlined sale when you’re working with a professional. If you’re looking to buy a home fast, the best way to do it is by hiring an experienced real estate agent.
6. Personalized advice
The bottom line is this: when you have a real estate agent, they can work with you to get you the best possible deal on a home at your price range with your outlined requirements.
Do you have any tips on how to find the best local homes for sale? Do you think first time home buyers should use a real estate agent? If you have any thoughts or advice, please share your story in the comments below. To learn more, read this.