Benefits of Using a REALTOR® to Buy A Home

Benefits of Using a REALTOR® to Buy A Home

Choose Realtor

With information readily available online when searching for Yorkton Real Estate, many people find themselves asking the question, “Why should we hire a real estate agent?” They wonder, and rightfully so if they couldn’t buy or sell a home through the Internet or regular marketing and advertising channels without representation, without a real estate agent. Some do OK; many don’t. So if you’ve wondered the same thing, here are 9 reasons why you might want to consider hiring a professional real estate agent.

Ethical Consideration

Though not all real estate agents are members of the National Association of Realtors (NAR), those who do join the group agree to abide by a code of ethics. That code essentially stipulates that Realtors deal with all parties of a transaction honestly.

Under the code, the Realtor is obligated to put the client’s’ interests ahead of his own. He or she is also required to make full disclosure about the problems with a property and be truthful in advertising.

The code of ethics has some teeth; local boards governed by the NAR enforce the provisions. Penalties can include a $5,000 fine, a one-year suspension from the association or a three-year expulsion.

Pricing Expertise

Most real estate agents can set a price on a home the minute they walk through the door. If they have a lot of experience in a market, they know how well a neighborhood holds its value, too.

While anyone can spend a few minutes online and pull information on sales of comparable houses, real estate agents have the experience to know whether a specific house is overpriced or underpriced. In the best-case scenario, an agent will have such a good idea of what you’re looking for that she won’t even waste your time touring houses that won’t work.

Not only can agents provide all the data on local home sales that you want to see, but they can also bring assets to the deal that come from years of watching waves of transactions in the neighborhood.

Realtor

Requesting Repairs

Often, the touchiest part of a real estate purchase involves the delicate dance of requesting repairs. A real estate agent will be able to identify trouble that you may not see, as well as recommend a good independent home inspector who will provide a detailed report on problems with the house.

These reports can be dozens of pages long. Within all those pages, some problems are important and others aren’t. If the house is in reasonably good condition, requests for repairs can make or break a deal. The agent will have a good sense of what’s reasonable to request and what’s excessive.

Finding Available Homes

Though most homes for sale are widely available for buyers to assess on Web sites, in some cases, sellers don’t want the fact that they’re selling to be widely publicized. In those cases, only the real estate agents know the houses are for sale.

“Sometimes people don’t want it advertised actively,” Mendenhall says. “Maybe it’s a more for personal reason, that they don’t want their neighbors or friends to know that their house is for sale.”

Sometimes health problems, financial problems or divorce factor into the need for privacy. Or sometimes, people don’t want the sale advertised during the holidays. Either way, working with a real estate agent gives you access to homes you might otherwise miss seeing.

Tackling The Paperwork

If you’ve ever bought a house, you’ve probably dedicated a full shelf somewhere to the documents that were involved in the transaction. These probably include the written offer, the written and signed counter offer, the little details (like specific repairs) and what exactly was and was not included in the sale. The paperwork can be tiresome.

This is when a good real estate agent can save the day. Often, these offers and counteroffers are limited by a time frame. The agents are armed with fax machines that, in good economies, never stop churning out paper.

The odds of missing something, not initialing a margin or not checking a box, can drop substantially when you’re working with someone who knows the paperwork inside and out.

Real Estate Agent

Non Emotional Negotation

As levelheaded as you think you are, when you’re fighting with a seller over adding a hose to the dishwasher because the water drains on the floor, it’s easy to lose your cool. Having an agent to write the requests objectively and forward them to the seller saves you the trouble of getting overly emotional about the deal.

Say the seller won’t budge on the dishwasher hose and you want to adjust your offer. The agent can handle that part calmly, too. Experts advise that you let the agent take the heat in difficult negotiations.

The best way to make a deal is to look for the positive part of every offer and counteroffer, and never let the other party see you make a sour face. Often, the most effective way to do that is to present the face that’s doing business — not your own.

Building Code Expertise

If you want to buy a charming little house near a business district and turn the front parlor into a candle store, you need to know if the city will allow it. Typically, an experienced real estate agent is familiar enough with local zoning ordinances to make sure you don’t buy the wrong house.

By the same token, if you want to build a fence in the backyard or add a bedroom, an agent should be able to make sure you’re buying a property where the city allows it. Also, some cities may require expensive upgrades on older properties when they sell. For example, if a house isn’t connected to the city’s sewer system, and a buyer will be required to spend tens of thousands of dollars to connect the property, the real estate agent will make sure that requirement is disclosed before the deal goes very far.

Record Keeping

Although real estate agents aren’t lawyers, they can serve as good resources years after a deal is closed. In some states, licensed agents are required to keep full files of all documents in all transactions for several years.

While you may (and should) keep files yourself, you can count on your agent to keep that information organized and safeguarded should trouble crop up with the property in years to come. You’ll also be able to contact your agent at any time in the coming years should you have questions about the property yourself.

Avoid Closing Problems

Although real estate agents aren’t lawyers, they can serve as good resources years after a deal is closed. In some states, licensed agents are required to keep full files of all documents in all transactions for several years.

While you may (and should) keep files yourself, you can count on your agent to keep that information organized and safeguarded should trouble crop up with the property in years to come. You’ll also be able to contact your agent at any time in the coming years should you have questions about the property yourself.