Buying a home is a huge step, and can bring on intense emotions for many. Using a real estate agent can help ease some of these emotions; agents offer sound advice and help guide you through every step of the process. They are here to make sure you end up in the house of your dreams.
Key areas that an agent can help you with:
Getting Pre-Approved by a Lender
By providing your agent with basic information about your financials (income, savings, and debt), they can assist you in getting pre-approved by a reputable lender. This lender will then go over your financing options and what you can expect regarding down payment requirements and closing costs.
Choosing a Home
Sometimes, buyers get blinded by their emotions; an agent is there to offer objective information about each property and help compartmentalize these emotions.
Making an Offer
Once you’ve found the home of your dreams, an agent will research recent comparable sales of similar homes in the area to help determine a fair selling price. Based on those comparable sales, as well as other factors, an agent will then help you structure an offer and negotiate to get the very best deal possible.
Closing, or coming to a settlement, can be a complicated process. In some areas, the escrow or title company handles the closing process, while in other areas an attorney handles it. Regardless of where you’re buying, a real estate agent can help ensure that everything goes smoothly.