After finally saving up enough money to use as a down payment, I decided that it was time to hit the market. I met with a lender, got pre-approved for a loan, and then started visiting different properties. However, I quickly realized that I didn't know as much about real estate as I would have hoped. I wanted to find a great neighborhood and know what to ask the professionals, but I could tell that I needed a little help. To point me in the right direction, I started working with a great real estate agent who was familiar with the area. This blog is all about educating the general public on real estate matters.
A major key to finding and buying the right home for your needs relies on the help, professional knowledge, and experience of your real estate agent. Find and use the right realtor during the buying process so you can come out on top. The following provides you with some recommendations to help you out in an upcoming home search with the help of your realtor.
Find a Good Realtor
There are a lot of real estate agents around working in the market today, but it is important that you find the right one for your needs. Consider what type of home you want to buy, and if you want to buy a mountain home, luxury home, or vacant land, it is best to hire a realtor who has experience and knowledge in the type of property you want. Otherwise, find a realtor who you feel comfortable working with and whom you trust because they will be helping you out over the course of the next few weeks and months.
Ask around with those you already know to help find a good realtor or a few you can interview to narrow down your choices. Keep in mind that all realtors are going to have access to the same homes on the MLS, so choose one who works well for you. Ask your mortgage broker for a professional referral or your neighbor who has just bought their home to find out who they use. Word of mouth is a great tool to help you find the right realtor.
Ask About Buying Assistance
When you are going into a home purchase, you already have a lot of expenses in front of you that come along with buying real estate. In addition to the earnest money that you will use to pay toward the home's purchase when you make an offer, you also need the down payment of anywhere from a few percentage points of the home's purchase price up to twenty percent. The home's closing costs are going to add up to anywhere from three to five percent of the home's purchase price. With all these costs, your finances may be getting tight through the process, so it is helpful to know what to ask for help with.
Talk to your realtor about getting buyer assistance from the seller when you negotiate the home's purchase. A seller may help you out with a portion or all of your closing costs, but you will need to write it into the purchase offer. And your realtor can also help you by giving you back some of their commission at closing. This can add up to several thousand dollars, depending on the home's cost.
Talk to the best realtor in your area for more information.Share