Why Use a REALTOR® When Buying a Home?
Many people buy homes on their own without a realtor’s help. However, statistics show that number is dropping as more buyers recognize the value of working with a real estate agent. Working with a professional has numerous benefits.
The Difference Between Realtor and Real Estate Agent
Not everyone who is a real estate agent is also a realtor. A realtor or more correctly a REALTOR with a trademark, is a member of the National Association of Realtors. They must follow a strict code of ethics and maintain a higher skill level for buying properties.
Realtors are backed by a strong reputation, which provides added confidence to buyers and sellers when listing their property or purchasing one. Agents provide a valuable service, and you’ll find many reasons to use one.
1. A realtor can answer your questions – they can introduce you to the process of buying a home. They have been through the process many times and have dealt with many problems. They can provide information about the financial and legal side even though they aren’t experts.
2. A realtor comes with a set of resources and tools to help in your home search – they have connection in the industry and can steer you in the right direction or away from the wrong one. If they don’t know an area personally, they can ask their contacts.
3. A realtor is objective and knowledgeable – they can see a property without any emotional involvement. They can provide advice and insight that you lack.
4. A realtor helps you with the details – they write up the contract to ensure you are protected, they recommend inspectors and will go over the inspection report with you. They will advise you based on their experience, so you don’t have to make the same mistakes others have made.
An Advisor and Trusted Confidante
Your realtor will wear many hats during your home-buying process. They will give you recommendations of lenders. They will provide their expert opinion on what you should put in your offer to ensure you get accepted.
A realtor sets up the home inspection with an inspector. Then, they follow up with you and go over the report. Because these reports can be confusing and frightening, especially to a first-time buyer, a realtor can tell you what you should really worry about. They can even recommend secondary inspections such as for termites or asbestos.
If you are purchasing a fixer-upper, a realtor can help you get estimates for repairs and renovations. They understand the loan requirements for the different loan products and can provide you with the information you need to make an informed decision on each property.
Another benefit of having a realtor on your side is they keep the buying process on track so you can close on time. They stay in contact with your lender, the seller’s agent and anyone else involved to ensure the paperwork is moving along and everything is getting checked off the list in time for the closing date.
Day or Night
A realtor is usually available anytime you need questions answered. You don’t have to wait until your lender is in the office during business hours. You don’t have to play phone tag with inspectors or get the run-around when you’re trying to find out if there’s a problem. Your realtor is almost always available and will get the answers you need when you can’t get them.
Problems are common in the home purchase process. Most of the time they are small and are resolved quickly. However, for a buyer on their own, each one can seem insurmountable. Having a realtor to deal with those problems allows you to concentrate on one thing – packing to move into your new home.
Perhaps the most important role for a realtor is to help you keep your sanity. They will reassure you, encourage you and even give you honest answers when they aren’t what you want to hear. Just having someone by your side through the whole process can make you feel a lot more secure.
Many people who are now proud homeowners never realize how much work a realtor does behind the scenes. All they know is the process went smoothly and now they are living in the house they wanted. Most of the time, you won’t know how important a realtor is to the process, but that is part of their job. Just know if you went through it on your own, you’d understand the importance of the role they play, and you don’t want to find out that way.