Buying a home is a complicated and confusing process, even for seasoned buyers. Most buyers will hire an agent to assist with the buying process.
What is a buyer's real estate agent? A buyer's real estate agent is a licensed professional real estate agent working on behalf of the home buyer. They officially represent the buyer in all aspects of the home purchase. The buyer's agent differs from the sellers agent because the buyer's agent represents the home buyer in the transaction, meaning your agent wrepresents you as the buyer and has your best interest at heart.
Why hire a buyer's real estate agent? Buyer's agents will assist you in navigating the entire home from the initial buying process through closing. Buyer's agents have a strong grasp on the inventory in your area. Witg skilled negotiations helping you to determine faimarket value for a home prior to making an offer. An experienced agent can be invaluable in all phases of the process, whether it is knowing when to expect a counteroffer or reviewing an inspection report, they will be your trustedadvisor through the process making it as seamless as possible.
How much does it cost to hire a local professional real estate agent? In the majority of home transactions, it is the seller’s responsibility to pay the buyer’s agent commission out of the net proceeds of the sale. When sellers list their home with an agent, they negotiate and agree to a commission amount. Buyers may be responsible for paying their agent’s commission when the seller is unwilling to pay the amount you’ve agreed to pay your agent in your buyers agency agreement. For instance, a for-sale-by-owner (FSBO) seller may choose not to offer any commission.
Price will ultimately dictate what you can or cannot buy.
Make sure to get pre-approved prior to looking, while looking at homes above your price range can be fun, it can be devastating when you fall in love with a home that is not financially feasible.
When you are pre-approved, make sure you are comfortable with your estimated monthly housing payment.
It's all about location when purchasing a home.
Homes closer to core downtown areas have better resale value, thanks to their shorter commutes. Alternatively, if you’re someone who likes a more solitary life and doesn’t mind driving, you might prioritize a home that offers more privacy, perhaps in a location that’s off the beaten path.
Make sure the home you select will meet your long-term goals, so you won’t have to move again in the near future.
Make sure your home meets or exceeds your long-term goals.
Things to consider when buying a house: needs vs. wants
For example, your list of needs might look like this:
Other items might fall to your list of wants, like these.
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