In 2020, nearly 33% of home buyers were first-time buyers. When you think about it, a real estate agent acts as a coach, problem solver, and advocate. This is especially true for new buyers that have no idea how real estate works. It’s about more than just finding homes for sale, although this is a big part of it.
Purchasing a First Home Can Be Daunting
Purchasing your first home can seem daunting. After all, you are committing to a rather substantial contract financially. It will have an effect on your life. Whether that effect is good or bad depends on whether you use real estate brokers. A broker’s agents understand everything about the real estate process from real estate listings to real estate sales and everything in between.
Real Estate Agents Are a Guiding Force
Finding homes for sale takes time and there are many stumbling blocks without the proper guidance. Agents can help you get past those stumbling blocks. They do more than just accompany you to see homes for sale.
Below are many useful ways first-time buyers can be helped along their home buying journey. Real estate professionals are more than happy to navigate around common mistakes first-time home buyers tend to make. Their time and assistance are invaluable.
Your Agent Will Help You Find Homes for Sale
Finding homes for sale is easy, isn’t it? Yes and no. Finding homes may not be hard, but finding the right home for you is a whole other aspect. Agents make a big difference since they are more than capable of answering your questions and nothing your preferences so you are looking at the right listings.
Your real estate agent will also stay on top of new listings that hit the market and be in contact with you immediately. This puts you in the best possible position of getting a home you truly love. Real estate agents are there for you to make sure you aren’t making a big purchase mistake too.
Brilliant Agents Know How to Ideally Match Buyers and Sellers
Agents with many years of experience have learned how to expertly match buyers and sellers. Chances are they have already helped many first-time buyers find the homes of their dreams. The goal is to make your first real estate purchase as smooth as possible.
How Real Estate Agents Help with the Purchase Process
Once you have found a home you want to purchase, your agent will offer helpful assistance when it comes to making an offer as well as with the following negotiations. Being your personal source of knowledge is part of what makes your agent a success. You can expect them to help you with facets such as the earnest money deposit and appropriate contingencies that are key aspects of successful transactions.
A real estate agent is there to educate you on what could go wrong along with smoothly navigating you through potential hurdles. One of those hurdles may be the home inspection. Those tend to be stumbling blocks in property sales. Having an agent in your corner that is looking out for your interests as a top negotiator is 100% necessary.
Your Agent Is There for You Clear Through Closing the Deal
If the inspection did not report any severe problems or any defects were handled, then it is time to close on the property. There may be a few steps to cover before then such as getting an appraisal and reviewing financial information. Skilled agents will keep first-time buyers informed every step along the way.
Anything that seems like a foreign language such as the discussion of title insurance, closing costs, and loan fees will be thoroughly discussed so you are comfortable with your home purchase. Wise agents will continue to educate you through the entire process until you are sitting comfortably at the closing table and the keys to your new house are in your hand.