Why use REALTOR for Buying ?
Buying A Property Without A Real Estate Agent?
Buying A Property With A Real Estate Agent?
Seven Benefits of Using a Real Estate Agent to Buy a House
An experienced Realtor can help you negotiate on important issues while buying a home
Reality is the most buyers’ wants to cut their costs in their property purchase. That’s why very few buyers try to purchase the property with a private sale. The big question is, are you really saving money or are you cheating yourself? Let’s move on to these articles.
It’s true that anyone can shop for a house, and even get a peek inside, without formally signing on with a real estate agent unless you have time to make home shopping a part-time job. On the other hand an agent might be able to match you with the perfect property much faster as per your requirements as it is a full time job for a professional real estate agent and he/she is hand full with all the tools.
For example, you want a swimming pool. Or don’t want a swimming pool. Or maybe you want a fenced-in yard for the dog or a basement playroom for the kids. If you’re looking for something specific, a real estate agent is the person whose job it is to know if there’s a house out there to fit your needs, and he or she will hold your hand through the deal to boot.
Let’s look at some of the top benefits of using an agent to buy a home.
7. Ethical Consideration
All Realtor are obligated to REBBA 2002 Code of Ethics
Those who are Registered Real Estate Agent are agreeing to abide by a code of ethics in according with REBBA 2002. That code essentially stipulates that Realtors deal with all parties of a transaction honestly and legally.
Under the code of ethics, the Realtor is obligated to put the clients’ interests ahead of his own. He or she is also required to make full disclosure about the problems with a property and to be truthful.
The code of ethics has some teeth; local boards governed by the REBBA 2002 (Real Estate Business Broker Act 2002) enforce the provisions. Penalties can include a $6,000 fine including upgrade the education of The Property Law and possible suspension for the specific period depending on the situation.
6. Pricing as of Market Value
A professional real estate agent is well aware of home pricing
Most professional Real Estate Agents can set a price on a home within a few minutes they walk through the door. If they have a lot of experience in a market, they know how well this neighborhood and holds its value, too.
Although anyone can spend a few minutes on an online search and pull information on sales of comparable houses, real estate agents have the experience to know whether a specific house is overpriced or underpriced. In the best-case scenario, an agent will have such a good idea of what you’re looking for that he/she won’t even waste your time touring houses that won’t work for you.
Not only can agents provide all the data on local home sales that you want to see, but they can also bring assets to the deal that come from years of watching waves of transactions in the neighborhood.
5. Request Seller to Repair – If require
A Real Estate Agent can make sure all necessary repairs are done
The touchiest part of buying a property involves the delicate dance of requesting repairs. An expert Real Estate Agent is be able to identify trouble that you may not see, as well as can recommend you a good independent home inspector who will provide a detailed report on problems with the house.
These reports can be 30 to 50 pages long. Within all those pages, some problems are important and others aren’t. If the house is in reasonably good condition, requests for repairs can make or break a deal. The agent will have a good sense of what’s reasonable to request and what’s excessive.
In many cases, it depends on you as the buyer, too. An agent can read the situation and suggest what would work for you. Each buyer has a different tolerance for what they need to do.
4. Finding Available Your Dream Homes
A real estate agent will most likely know about unadvertised homes that you may have missed on your search.
Though most homes for sale are widely available for buyers to access on websites, in some cases, sellers don’t want the fact that they’re selling to be widely publicized. In those cases, only the real estate agents know the houses are for sale.
For various reasons sometimes people don’t want to advertise their property actively. Maybe it’s a more about, they don’t want their neighbors or friends to know that their house is for sale.
Sometimes health problems, financial problems or divorce factor into the need for privacy. Either way, working with a real estate agent gives you access to homes you might otherwise miss seeing.
3. Zoning By Law Expertise
It’s important to know about your city’s codes when buying a home — your agent should be able to fill you in
If you want to buy a charming little house near a business district and turn the front parlor into a candle store, you need to know if the city By-Law will allow it. Typically, an experienced Real Estate Agent is familiar enough with local zoning by laws ordinances to make sure you don’t buy the wrong house.
On the other hand, if you want to build a fence in the backyard or add a bedroom, an agent should be able to make sure you’re buying a property where the city allows it. Also, some cities may require expensive upgrades on older properties when they sell. For example, if a house isn’t connected to the city’s swering system, and a buyer will be required to spend thousands of dollars to connect the property, the real estate agent will make sure that requirement is disclosed before the deal goes very far.
2. Thorough Record Keeping
A Registered Real Estate Agent are require to be a good Record Keeper
Even though Real Estate Agent is not a lawyer, they still can serve as good resources years after a deal is closed. In some provinces, licensed agents are required to keep full files of all documents in all transactions for several years.
While you may (and should) keep files yourself, you can count on your agent to keep that information organized and safeguarded should trouble crop up with the property in years to come. You’ll also be able to contact your agent at any time in the coming years should you have questions about the property yourself.
1. Avoiding Closing Problems
When it comes to closing the deal, it’s better to have someone there to ensure the process goes smoothly.
When a sale nears closing, all kind of pitfalls can kill the deal in the final hours. A Real Estate Agent knows to watch for trouble before it’s too late.
For example, a Title of the house may not be clear – some long-lost relative might be listed on the title who hasn’t signed off on the sale. Or maybe the lender is causing a problem by not meeting the timeline on financing.
When you’re getting close to the closing, you want to make sure there aren’t any unexpected title issues, that the financing has come through and that all of the professionals involved are staying on task and on time, Remember. Real estate agents are used to dealing with these types of issues and can work through almost any challenge that arises unexpectedly.