Buying a home is the single biggest investment most people will ever make. You could be giving thousands of dollars for your future home, and working with a real estate agent is something most buyers prefer. Nevertheless, there are a few things you may want to know about working with an agent in the process of buying a home.
How many people work with an agent when buying a home?
Roughly 90 percent of buyers will use a real estate agent when they decide to buy a home, according to The Balance. While some people do prefer to search for a home without an agent in the beginning, it is not uncommon for them to make the transition to working with an agent soon after. Things like full property profiles, detailed home history reports, and area insight can be really valuable.
Why is it important to get full property profiles from an agent while shopping for a home?
When you are allowing a real estate agent to help you find the right home, you will be granted access to what is often referred to as full property profiles. Full property profiles give you so much more than just a snapshot look at a house for sale; instead, you are getting:
- Information about how many times the home has been bought and sold
- Demographics of the specific location
- Insight about services available through an HOA if applicable
- Information about the price history of the home
These full profiles can give you a more in-depth look at things that can drastically impact property values, which can make it easier to extend an offer that makes sense.
Why do people say working with an agent brings peace of mind for buyers?
So many buyers step into the process of searching for a home without a lot of prior knowledge about real estate. Unfortunately, this can lead to making some pretty major mistakes. For instance, if you do not know that it is common for buyers and sellers to negotiate a price, you may see a home listed for sale and assume that is the firm asking price. Hence, you would end up with a bigger mortgage loan and a bigger monthly payment for the years to come. With an agent who is experienced in real estate buying and selling, you get the peace of mind that comes along with knowing you aren't missing anything important about a specific property.
For more answers to your questions, reach out to a local real estate agent.Share