A realtor will steer you in the right direction. An agent will have lender referrals to pass on to you. The agent can help match the type of loan you might want to the type of lender who may specialize in that particular type of financing. The agent knows which lenders perform and which can hold up closing. You probably won’t be privy to that type of information on your own.
Buyer’s Agent is Best
Using a buyer’s agent could save you a ton of time and money. Buyer’s agents’ services include:
- Finding listings and touring houses with you. Agents may be able to give you access to more listings (including those that are For Sale by Owner). They can also help you avoid paying too much for a property.
- Negotiating the price and sale conditions. Your agent can serve as a liaison between you and pushy sellers or seller’s agents.
- Recommending services you’ll need. An agent can connect you with mortgage lenders, home inspectors and other professionals you may need to work with.
- Helping with all the paperwork involved.
In return for these services, the buyer’s agent typically earns a commission between 1% and 3%. As the homebuyer, you may not have to pay this, since home sellers usually pay the buyer’s agent fee.
Your agent will probably refer you to a local lender. Sometimes, buyers want to work with lenders who are in another city or even in another state. Real estate is local. It is possible you will be at a disadvantage during offer negotiations if your lender is not local. You don’t want to lose your dream home because the listing agent has never heard of your lender. An agent can help you to figure out if the time is right for you to buy. You can toss out scenarios about moving to various communities and discuss the pros and cons with your agent. Your agent will walk you through the home buying process from A to Z, and hold your hand for as long as you need it held. Your real estate agent will be the most important person in your life until the day you close.
eXp Realty—The Results Team—is ready to help you buy or sell your home! Stop on by our location at 2623 N. Walnut St, Bloomington, IN 47404. Or call us at: (812)822-2746.