Have you been spending your Sundays cruising through Open Houses in the area to see what your market looks like and how homes are being priced? Are you beginning to poke around online for property? You should consider doing some research into local real estate firms and agents as part of your home search preparation!
Purchasing a home is an extremely exciting event, but there is a lot to manage, and what should be a happy, life-changing process can quickly become a daunting one. Working with a trusted, licensed real estate professional as your buyer’s agent will help to guide you seamlessly through the process. Furthermore, you should work with a REALTOR®. What is the difference between a REALTOR®, and an agent?
From the National Association of Realtors website: Every agent is not a REALTOR®, but most are. If you're unsure, you can ask your agent if they're a licensed REALTOR®. REALTORS® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics.
Another perk of having a buyer’s agent? You don’t pay anything! The home seller does. The guidance and partnership is free to you.
When working with a buyer’s agent you are guaranteed:
- A lawful transaction
- Trustworthy Advice
- Years of experience - especially with a team like Stone Ridge Properties who has been helping clients buy and sell property in the greater Newburyport area for nearly 30 years.
- The best value for your time
If you do not work with an agent you risk:
- Paying too much
- Not offering enough and losing the chance to make a reasonable offer
- Home Inspection Misses
- Paperwork Nightmares
- Potential Lawsuits
- Deals falling apart with no warning or recourse
Paperwork and legalities surrounding real estate transactions can be overwhelming and confusing, never mind when third parties get involved during processes like home inspections and meetings with other real estate professionals and potential sellers. And let’s not forget the process of negotiation! You may decide you want to make an offer below asking price, or in some cases over the asking price - especially in a competitive market. After your home inspection, you may want to further negotiate reductions based on findings and you may even want physical items from within the home as part of your final deal. Working with an experienced buyer’s agent takes the stress out of the transaction and is an absolute must when purchasing a property.
Working with a buyer’s agent will keep your offers timely and competitive, your transactions smooth and legal, and provide you with the most up-to-date news and information about the current market.