6 Reasons to Hire a Real Estate Agent When Moving
One of the most exciting parts of moving is finding a new home. You get to choose the number of rooms and amenities and refurbish the property to suit your new life in a new city. With that said, buying a new home takes a lot of work. This is especially the case when you’re moving to a place where you’ve never lived in before. Thus, hiring a real estate agent—who knows the ins and outs of the area—can substantially help you secure a great house deal.
Now, some buyers feel hesitant about hiring an agent due to the extra expenses. It’s important to understand, however, that having the guidance of a good real estate agent can save you time, energy, and even money in buying a house. To elaborate further, here are some of the benefits of hiring a real estate agent when moving.
Agents Can Help You Track the Right Home
Whether you want to live in your new home in South Tampa or pick out an apartment in downtown New York, searching for a suitable place to live in is an important priority. This part of the process can be difficult, especially if you’re coming from another city or state. By getting the help of a real estate agent, you can simply say what kind of house and area you would like to live in, and your agent can come up with a shortlist of properties that meet your criteria.
Additionally, your home options are not limited to those posted on public websites and multiple listing services. Agents are also aware of off-market listings, ones where the house is not publicly on sale. These properties often have a great deal and high ROI (return of investment) for buyers and property investors.
Agents Know the Market Inside-Out
The real estate market is a busy place. Prices in the housing market fluctuate depending on various factors, including mortgage interest rates, size of the population, and the overall state of the economy. A real estate agent will be aware of all of these and will have an in-depth knowledge of the prices of properties in an area. This is a huge plus for out-of-town house buyers, who may not be knowledgeable of the average house price. Aside from prices, agents can also help you learn more about the neighborhood and nearby establishments (e.g. schools, grocery stores).
Related Article: Questions To Ask Before Buying A Home
Agents Can Quickly Spot Potential Problems on a Property
Buyers usually look at a house only on the surface level. They look at the number of rooms, the color of the walls, the available amenities, and so forth. However, a good-looking home does not always mean it’s a good house. You need to look at the structure, plumbing, and other integral parts of the property.
A real estate agent has a trained eye when it comes to spotting potential problems that may cause unexpected expenses if not identified sooner. Common problematic areas include HVAC (heating, ventilation, and air conditioning), roofing, leaks, molds, and insect infestation. Additionally, the agent will be able to identify if the property is up to par with the current housing guidelines.
Agents Assure Privacy and Confidentiality
Buying a house involves a lot of money, and prospective buyers need to reveal their financial info to secure loans and mortgages. Real estate agents are required by law to keep your info private and secure. They have a fiduciary responsibility to their clients, which means that they need to keep your best interests at heart. Sellers, on the other hand, are not. You can’t be fully assured that the seller will keep your info safe. For privacy and confidentiality, hiring a real estate agent is the way to go.
Agents Will Help You Get the Best Deal
Dealing directly with sellers can get messy. There are a lot of stakes in buying a house, and emotions can run high. All parties involved want the same thing: a great sale. However, emotions can cloud judgment and you may end up splurging or letting go of a good deal. Thus, having a third party like a real estate agent can help you logically and properly decide the offer and terms of purchase. Moreover, agents are expert negotiators. You can feel assured that you are getting the best possible price for a property with their help.
Agents Can Streamline the House-Buying Process
Several buyers are often shocked by the amount of work that goes into purchasing a house. There’s a lot of paperwork to process, requirements to fulfill, guidelines to follow, and documents to read. Not everyone has the time nor background to properly accomplish these efficiently. Meanwhile, real estate agents are trained to handle this paperwork, making the home-buying experience for you a lot more enjoyable.
Overall, there are a lot of perks that come with recruiting the help of a real estate agent—just make sure to hire a reliable one. Bad agents will only make it troublesome for you and may cause you to lose more money than needed. Do your research, and check an agent’s history and previous clients before hiring. Make sure that they have a working license as well and find out more about their brokerage. Doing all of these is a lot of work, but it is a necessary step to get closer to your dream home.