Benefits Hiring Real Estate Agent For Home Purchases
In this article, we will cover the benefits hiring real estate agent for home purchases. Homebuyers do not need to hire real estate agents to sell or purchase a home.
Home sellers can also sell their homes by the owner without a realtor. However, realtors are professionals who only charge a commission when the property sells. Homebuyers are not responsible for realtors’ commissions.
The home sellers normally pay 6% sales commissions when the property sells. The sales commission is split between the listing agent and the buyer’s agent. In this article, we will cover and discuss the benefits hiring real estate agent for home purchases.
Benefits Hiring Real Estate Agent For Home Buyers And Sellers
There are many benefits hiring real estate agent for both home sellers and buyers. Many homeowners try selling their homes without the services of a real estate agent. The primary reason is that they want to save the 6% commission.
There is nothing wrong with that, and nothing is wrong with home sellers trying to save 6% of the selling price. With access to the internet, many homeowners have had success selling their homes without the services of a professional realtor.
There are many benefits hiring real estate agent. The 6% commission that a realtor charges may be worth every penny. It can probably get home sellers more money overall, and the property can sell much more quickly.
Some Of The Benefits Hiring Real Estate Agent
One of the major benefits hiring real estate agent for home sellers is that listing agents always represent the sellers.
Most list their homes with real estate agents because they are experts in their field. Listing and showing homes is what they do for a living. They know the market prices of homes purchased and sold in the area. They know overpriced properties just sitting on the market and homes that sell quickly.
They know what a reasonable offer should be on a particular property and what to price a home for a seller for a quick sale. They will advise home sellers how to window dress a property to get the most value without spending too much money. With home buyers, the realtor will be familiar with the following:
- Geographical area
- Property taxes
- School districts
- Amenities in the community
Great Benefits Hiring Real Estate Agent Is Screening Properties For Homebuyers
Other benefits hiring real estate agent is that if home buyers tell the realtor what they are looking for in a home and the neighborhood, they can screen homes to the home buyer’s liking:
- The area and neighborhood
- Housing square footage
- Price range
- Property tax limits
- Lot size
- Restaurants and bars
- School Districts
- Parks
Advice By Realtors On Homes And Neighborhoods
Other important parameters to home buyers can be related to the real estate agent.
The real estate agent will screen the listings for home buyers. Realtors will report back with the preliminary listing sheet for buyers to review. Homebuyers can then pick and choose which property to visit.
For home sellers, one of the best benefits of hiring a real estate agent is that they will screen potential buyers. Sellers’ real estate agents will demand that the person visiting the property is armed with a strong pre-approval letter.
Realtors Have Access To Loan Officers And Other Professionals
There are other benefits hiring real estate agent for home buyers. Agents will assist buyers by referring to loan officers who they use. It is up to the buyer whether or not they will take the realtor’s referrals. Realtors can also refer buyers and sellers to the following:
- Attorneys
- Title companies
- Insurance agents
- Home inspectors
- Handymen
- Landscapers
- Painters
- Movers
- And Others
Realtors have a wide network of professionals.
Other Benefits Hiring Real Estate Agent Is Access To Inventory And Marketing Network
Realtors know what is out in the market and network with other realtors. For homebuyers looking for a unique home, such as a home with a swimming pool, granite countertops, a fenced yard, a horse barn, or a larger lot, their real estate agents normally screen the properties on the buyer’s wish list.
Agents can help with the due diligence and most likely get home buyers an inventory of homes that meet their criteria. Realtors will also ensure that the mortgage application process goes smoothly by cooperating with the buyer’s lender. Many realtors are liaisons between mortgage lenders, buyers, sellers, attorneys, and title companies. They do their best so that the closing process goes as smoothly as possible.
Realtors can answer questions 24/7 and act in home buyers’/sellers’ best interest. I strongly recommend that home buyers and home sellers hire a realtor to represent them. Home Sellers do have to pay the commission when their property sells. However, the commission is worth it.
Real Estate Agents And Loan Officers
Most real estate agents have working relationships with loan officers. FHA Bad Credit Lenders is a five-star national lender with no overlays on government loans. We have hundreds of realtor relationships nationwide.
Most veteran realtors know there are no lenders like FHA Bad Credit Lenders. This is because over 80% of our borrowers are folks who have either been denied by other lenders or are stressed during the mortgage process with their current lenders. FHA Bad Credit Lenders closes 100% of our pre-approvals. We do not just close our loans but close them on time. The reason being is that all of our pre-approvals are full credit approvals that are underwritten and signed off by our underwriters.
Homebuyers looking to get qualified for a home loan with a direct lender with no lender overlays can contact us at FHA Bad Credit Lenders at 800-900-8569 or text us for faster response. Or email us at gcho@gustancho.com. The FHA Bad Credit Lenders team is available seven days a week, evenings, weekends, and holidays. FHA Bad Credit Lenders is licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands.
