In the tough times as of today, home buyers are looking out for ways to reduce their costs as much as they can. And who wouldn’t want to do that – save that additional 5% which is approximately $5,000 per $100,000 of the sales price. That is what typically you get to save with a professional real estate agent standing and negotiating by your side.
Around 70% to 80% of homeowners wish to take the help of an agent or broker when buying a home and ensure a successful real estate transaction. Here is how a broker helps them –
- Adherence to Work Ethics
You may or may not know this, but not all real estate brokers are members of the National Association of Realtors (NAR). The ones that are a part of this group abide by a certain code of ethics and carry out every transaction in the most honest way possible.
With real estate brokers under the code, they promise to put your interests ahead of their own and be completely truthful in their advertising.
- Negotiations to the Best
Most brokers have the skills to set a price on a home the minute they walk through the door. With a good amount of experience in the industry, they understand the market and can tell how well a neighborhood holds its value, too.
So, with such individuals, you can pull out all possible information about the property you are interested in and know whether or not it is overpriced in any way.
- Request for Repairs
Your house purchase may involve a delicate discussion of requesting repairs from the prospective seller. And while you may not be able to see the real trouble, an independent broker may work along a home inspector to provide a detailed report of that house’s condition.
In case there are major problems in those pages, your broker can sign the deal that is inclusive of repairs – this was not possible if you were alone.
- Search for New Homes
A major part of home listings is easily available to buyers online. But, what about the dream properties that sellers don’t really wish to publicize may be due to personal or financial reasons or divorce aspects?
Well, in that scenario, only your broker can tell you the latest properties that are open for sale. He can help you get your hands on the best properties that aren’t even active on the listings.
- Handle the Hassle of Paperwork
House buying comes with loads of documents involved in the transaction. These documents mainly include the written offer, the signed counteroffer, some little details (like specific repairs) and things that are and are not included in the sale.
Handling this paperwork can be immensely tiresome, but a good broker can save your day. They work day in and out with such documents and can easily take away your entire extra burden.