7 Benefits of hiring a real estate agent
Texas Housing - September 5, 2019
When buying a home, it is recommended that you contact a real estate agent to help facilitate the purchase process. For homebuyers, it’s normal to not feel completely at peace, placing some responsibilities on the agent. Especially when you consider how important financial investments are for buying your first home. However, there are many benefits to hiring a real estate agent, and in the following article, you can learn about the seven benefits of hiring one.
Here are the main benefits of hiring a real estate agent
1. Recent market conditions
The condition of the real estate market may depend on many different variables. Factors such as the average cost per square foot of houses of a similar size, average days on the market, average selling price, number of active property listings, among other criteria, will influence the outcome of real estate investments. Instead of exploring all of this information yourself, you can hire an experienced real estate agent who can uncover current market conditions and help you with house hunting in New Braunfels.
2. Negotiation experience in hiring a real estate agent
Negotiations are an art, and when you participate in the process of buying a property, everything happens very fast. If you try to do this on your own, it is likely that you will negotiate with the seller’s agent, and not with the seller. In this case, you are already at a disadvantage, as you are dealing with an experienced professional who is better prepared to negotiate a price that is deemed suitable for the seller.
On the other hand, if you hire a real estate agent, you will get several advantages at the negotiation stage. First, you take the emotional aspect of the negotiations from the equation. Given a large number of financial resources, it is easy to feel overwhelmed and stressed when you think things are going wrong. A real estate agent will help you understand the negotiations more objectively and will try to present your case in a better light.
Secondly, the presence of a real estate agent will reduce the likelihood that the seller’s agent will submit a low offer. Knowing that he or she is dealing with another professional, the seller’s agent is likely to save time and start negotiations with a more reasonable offer.
3. Relations with reliable partners
In real estate transactions, not only buyers, sellers and their real estate agents participate. Other key stakeholders in real estate transactions are: appraisers, home inspectors, home insurers, mortgage lenders and underwriters, moving companies in Texas and real estate lawyers. A good real estate agent should be able to introduce you to his trusted partners. What role do these professionals play in real estate?
Real estate appraiser
The role of the appraiser is to verify and validate the value of the property. After the appraiser performs a thorough valuation of the property, he or she should be able to provide a value that is impartial to both the seller and the buyer.
The home inspector is another independent third party that conducts a physical inspection of the property. A home inspector checks key components and systems, such as an internal water supply and distribution system. Hiring a home inspector will reduce the likelihood that the buyer will encounter any significant repairs that need to be resolved after the completion of the real estate transaction. And he can also give you some advice based on the real estate condition, for example, if you should build a pool or not.
Real estate lawyers
The role of the lawyer is to help protect your legal rights and obligations after the transaction is completed. Real estate lawyers will help you draft important legal documents, such as sales contracts and financial agreements. Then, help you in negotiations and help you examine land documents of the area.
4. Community knowledge
If you are moving to New Braunfels TX, and it is a completely new place for you, you should not only worry about the house. You should also explore the neighborhood and the surrounding community. Local real estate agents will have in-depth knowledge of the region. And this can be very valuable, especially during the negotiation phase of a real estate transaction. Real estate agents can provide you with information about the area. Such as the general aesthetics of the community, access to goods and services, and access to other public amenities.
5. A large number of documents
Real estate deals require a lot of paperwork. Some of the most common documents include a closing form, purchase contracts, an owner financing agreement, a mortgage form, and an offer to purchase. Consider hiring a real estate agent to streamline the process and do most of the legal work for you.
6. After-sales support
Even the smoothest real estate transactions can lead to some complications. Good real estate agents should be prepared to help with any problems that may arise after closing a deal. For example, tax issues can often drag on for months. In some cases, you may receive a property estimate after the transaction is completed. With the knowledge that they already need in the transaction process, real estate agents should be able to resolve any misunderstandings associated with these potential problems after the sale.
7. Save time and energy when hiring a real estate agent
Finally, one of the biggest benefits of hiring a real estate professional is saving time and energy. The Internet has allowed home buyers to do most of the work on their own. But, in reality, nothing can replace an experienced real estate professional. Most real estate agents agree that an average real estate transaction can take anywhere from 30 to 50 days. Although this can vary depending on many different variables.
With all this in mind, weigh the pros and cons. And carefully decide if hiring a real estate agent is right for your situation. If you decide to continue working with a real estate agent, be sure to conduct your research. As in any industry, there are good apples and bad apples.