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Home Mortgages Thought Leader

Why Enlisting a Realtor’s Assistance is Still A Necessity for Buyers

When searching for a home, some homebuyers are tempted to forgo Realtors as more property information is available online today, which was once only available to Realtors, or due to worry that they will be rushed into purchasing a home so the Realtor can collect commission from the seller.

Kathy Gyselinck is Executive Vice President for Southeast Mortgage

Kathy Gyselinck is Executive Vice President for Southeast Mortgage

However, a Realtor is an invaluable asset when searching for a home. Connect Realty advises that buyers utilize a professional’s assistance on “one of the biggest financial investments a consumer will experience in their lifetime.” Enlisting the help of a Realtor automatically provides an expert that is on your side, looking out for your best interests and contractually bound to do everything in their power to protect you.

Better access/more convenience

Most homebuyers don’t have the resources or time to completely focus on finding and purchasing a new home as buyers are busy with their jobs, trying to sell their current home amongst other obligations. A Realtor’s job is to act as a full-time liaison between buyers and sellers. “If you are looking to buy a home, a real-estate agent will track down homes that meet your criteria, get in touch with sellers’ agents and make appointments for you to view homes,” according to MSN Real Estate.

Contracts are Tricky

A Realtor deals with difficult contracts that are certainly not in layman’s terms, vary based on state law, change every few years and can be as long as 50 pages. An experienced Realtor is familiar with how to use contracts to protect you and make sure the seller meets certain conditions while fulfilling their end of the contract. For example, Realtors will create a purchase agreement that provides a period of time to complete appropriate repairs and inspections before the buyer is legally obligated to purchase the home.

Negotiating can be even Trickier

A Realtor is a non-partisan body that will help keep negotiations from getting personal. This will put you in a position to get the home you want by preventing undue bad blood. For buyers, expressing concerns can be like walking on eggshells to avoid hurting the seller’s feelings on the decor, price or other factors. A Realtor can play the “bad cop” in the transaction that facilitates a smoother deal between the buyer and seller to more likely ensure a sale.

Expertise on lesser-known ins and outs of home

It doesn’t take a professional to be able to count a home’s bedrooms and baths. However, “Realtors can advise you on the perils of polybutylene piping (a plumbing material that’s prone to bursting or their concerns with FRT plywood (a roofing material that can spontaneously combust in high temperatures),” said Amit Kulkarni of Realtor.com. While the house may appear to be in top condition, a Realtor has much more experience in recognizing a quality home and is obliged to tell you about a home’s shortcomings. A Realtor is bound by law to act in the seller’s best interest, not theirs, if they are a licensed real-estate agent under an agency agreement, such as a typical full-service commission agreement in which the agent agrees to represent you.

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