Buying your first home can be both exciting and nerve wracking. There are a great many steps involved in finding the right house and making the right deal. It’s sometimes hard for first time buyers to navigate the puzzle of home ownership by themselves. Fortunately, first time buyers can find someone to be their advocate in the purchase process. Have a look at Leave The Key Homebuyers.
Many home buyers work with a real estate agent, but not all buyers are sure that the agent is really in their corner. Too often, real estate agents are looking to make a deal at the best price, which usually favors the seller, not the buyer. However, you can guarantee you buying success when you use a buyer’s agent.
A buyer’s agent is a real estate agent that solely represents the buyer, not the seller. The buyer’s agent helps buyers in several ways:
-Buyer’s agents can help you determine how much you can afford. When you are buying your first home it can be hard to figure out just how much you can afford to spend. The price tag on a new home seems pretty staggering. A qualified agent will help you weigh your debts and income to determine just how much you can afford to spend on a new home.
-A buyer’s agent will help you find the right property – one that meets your requirements and your budget. One of the most frustrating aspects of buying a home is having an agent show you properties that are only at the upper limits of your budget. The right agent will help you find a home in a good neighborhood, without destroying your budget.
-A buyer’s agent is tuned into the marketplace. They can help you figure out how the real estate market is changing and how neighborhoods are changing or growing. Often they are aware of activity or expansion that’s planned for an area, or they’ve seen how a neighborhood has begun to decline. They can give you advice on the long-term prosperity of the property.
-Buyer’s agents have seen the good and the bad. They can recommend changes to make a property increase in value, and they can also steer you away from properties that have obvious structural flaws that would be costly to repair.
-Buyer’s agents are great negotiators. They have the experience to know what is realistic to expect and offer, and they can provide guidance in getting the best deal.
-A buyer’s agent will also help you find financing, if necessary. Most of the real estate agents have established contacts throughout the mortgage industry. They can recommend someone who will offer the financial assistance you need to get the mortgage ball rolling.