Why Home Buyers Need a Realtor
A generation ago, home buyers needed a real estate agent to get listing information and access to historical data about properties. This need caused many buyers to engage with a real estate agent before they were really ready to buy. With so much information available online today about homes, buyers often do a lot of legwork themselves. But this doesn’t mean home shoppers should go it alone. Here’s why home buyers need a realtor.
You’ve found your dream home but don’t know what to do next.
After you’ve looked at homes for awhile, you probably have a good feel for what you’ll get for the money. You’ve gone to some open houses and have a few homes or searches saved online. You’ve even found a home you love. But now what? Are you prepared to handle all the steps that come next yourself? Contacting an agent at this stage of the game will help you move in the right direction, from the ‘dreaming’ phase to the ‘buying’ phase.
You’ve found a home that looks too good to be true.
You find a house that looks like a great deal. It’s priced well for the neighborhood. But it’s been sitting on the market for weeks, maybe even months. You may have reached out to the listing agent to see the home in person or to ask some questions about the home. But that agent represents the seller, so you’re not sure what the story is.
In this scenario, you don’t know what you don’t know. That uncertainty, coupled with your curiosity about the home, is the best reason to pair up with a good local agent. They may know the house, its market history or, via their network, have access to information about the home, such as if it’s had a history of structural issues.
You’ve been hit by a major life or financial event.
Sometimes you get news that changes your life’s course. Your landlord is selling your building and you have 60 days to move. You’ve received the job opportunity of a lifetime or a huge increase in pay. Or you’ve done some tax planning and realize you need the tax advantages of homeownership.
When you need information fast, rather than taking the time to study the market independently, it’s easier to go right to the source. In a 30-minute phone call or in-person meeting, a local realtor can get you up to speed on the market, pricing, timing and what to expect. You can quickly merge this information with your personal financial situation and start developing a plan.