In today’s tumultuous economy people are looking to save money and cut costs any way they can. This is especially true of anyone buying a new home, as this is usually the most expensive purchase of his or her life. Some try to save a few bucks by not hiring a real estate agent to help with the purchase of a new home. The real estate market in Ontario, Canada can be especially tricky to negotiate, which is just one of the reasons you should consider hiring a real estate agent when buying a new home. Here are some additional benefits you will get.
You Will Get a Full-Time Shopper
Finding homes for sale takes a lot of legwork and research, which might not be convenient for someone that has a full time job. Perhaps you want to see some homes in Oakville or are interested in real estate Mississauga options, but simply don’t have the time to drive all over looking at them. This is where hiring a real estate agent really helps, as they can do all of the legwork and research for you, which saves a lot of valuable time.
Real Estate Agents Have Pricing Expertise
When most people look at homes for sale they really have no idea how to determine their value or cost. This could lead to you spending a lot of extra money on things that are not really valuable. Anyone can compare prices, but a qualified real estate agent will be able to determine if the house is priced to high or too low. They can recognize value when they see it and can give expert advice on what houses are too expensive. Good agents are also familiar with the area in which they work and understand the local market, which gives them unique insight into cost.
They Recognize Damage and Can Request Repairs
Most independent home buyers have a hard time noticing damage that is not obvious. In addition, they are often timid about asking the seller to make repairs to the home or property. A good real estate agent can take a look at homes for sale and quickly see any damage that the seller will be required to repair. They will also be able to walk the delicate line between necessary repairs and ones that might be deal breakers for the seller.
Agents Have Access to More Listings and Homes
Although many homes in Oakville are available for viewing on websites or in publications, there are some that are kept a little more secretive. Some sellers are very selective and do not want excess buyer traffic. Many real estate agents have access to homes for sale that independent buyers do not. This will increase the number of houses you can look at, as well as the odds that you find one that is perfect.
They Handle the Paperwork
The paperwork involved with buying real estate Mississauga can be quite daunting, especially for people that don’t have much experience making large purchases. A good real estate agent will have experience handling all of the contracts and paperwork involved with buying a home. This will not only save you hassle, but could also save you from signing contracts that are not in your best interest.
They are Experts in Negotiation
You might think that you are a top notch negotiator but unless you are doing it on a daily basis your skills might be a little rusty. Since real estate agents negotiate homes for sale every day, they know how to get the most value for your money. They are also not emotionally involved with the purchase. Some buyers get so emotionally attached to a home that they end up paying more than they should. An agent will approach the negotiation without emotion.
Agents Know How to Avoid Problems with Closing
There are often issues during the closing stages of a home purchase that cause the deal to fall through. There could be problems with clearing the title, passing certain codes or getting financing. A good agent will be able to predict these problems and help the sale go through smoothly.
Real Estate Agents Save You Money
The last benefit of a real estate agent for home buyers is that they will save you money in a number of ways. Studies show that people, who use real estate agents, will save 3% on the price of their home on average. This might not seem like much but this number could represent thousands of dollars in savings depending on the price of the home.
They will not only get you a lower price on your home, but can also save you money on repairs, closing costs and may even have access to cheaper homes that you don’t know about. When it comes to buying a home, you’d be wise to take advantage of a real estate agent.