Why You Should Use a Real Estate Agent When You Buy a Home

Why You Should Use a Real Estate Agent When You Buy a Home

If you’ve recently decided that you’re ready to become a homeowner, you’re probably trying to figure out what to do first. It can be a little overwhelming to know where to start, but the good news is that you don’t have to do it all alone.

When it comes to buying a home, there are many moving parts. And that’s especially true in today’s real estate market. The number of homes for sale is still low and home prices and mortgage rates are still high. This combination can be difficult if you don’t have reliable expertise and a trusted advisor on your side. That’s why the best place to start is by contacting a local real estate agent.

Agents are the #1 most useful source in the buying process

The latest annual report from the National Association of Realtors (NAR) finds that recent homebuyers agree The #1 most useful source of information in the home buying process was a real estate agent. Let’s explain why.

How an agent can help you buy a home

When you think of a real estate agent, you might think of someone who will take you on home tours and put together the paperwork, but a great agent can do so much more. It’s not just about assisting you with your purchase, but accompanying you every step of the way.

The image below shows some examples from the same NAR version of the many ways an agent adds value. It includes the percentage of homebuyers in this report who highlighted each of these benefits:

Here’s some more context on how the survey results show an agent continually helps buyers in these situations:

  • Helped buyer understand the process: Do you know the difference between an inspection and a report, what each report tells you and why they are both important? Or that there are things you shouldn’t do after applying for a mortgage, such as buying appliances or furniture? An agent will know all of these best practices and share them with you so you don’t miss any important steps until the closing table.
  • Pointed out to unnoticed features or defects in the house: A real estate agent also has a lot of experience valuing homes. You really have seen it all. You’ll be able to identify some things you may not have noticed about the house that might help you make your decision or at least make the repairs you want.
  • Providing a better list of service providers: There are many people involved in a real estate transaction. An agent has experience working with various professionals in your area, such as home inspectors, and can help you meet the professionals you need for a successful experience.
  • Negotiated better contract terms and prices: Did you notice anything during the house inspection or during the valuation? A broker will help you renegotiate if necessary to get the best possible terms and price so you can feel confident about your big purchase.
  • Improved buyer’s knowledge of the search area: Are you moving to a new city and don’t know your way around it, or do you live nearby but don’t know which parts of the city are the cheapest? In any case, an agent knows the area like the back of his hand and can help you find the perfect location for your needs.
  • Advanced search area for buyers: And if you don’t find anything you’re interested in within your original search radius, an agent will know other nearby neighborhoods to consider based on your preferences, desired amenities, and more.

Bottom line

If you want to buy a home, don’t forget how important an agent is to this process. With every hurdle that arises, a negotiation that needs to take place, and more, your agent knows how to handle it while ensuring your stress is minimized along the way. Contact a local real estate agent to address the issue together.