3 Reasons To Do Your Home-Buying Homework Before Hiring A Realtor

Written by  //  2017/09/29  //  Home Buying Steps  //  No comments

buying home

Buying a home can be a stressful and often confusing process. This is especially true for first-time home buyers. Even if you’ve bought a home in the past, you may still find that finding your dream home isn’t as simple as you’d hoped. One of the best things you can do for yourself is to make sure to do your homework before you begin looking for a realtor. By taking time to do your homework, you can give yourself a better chance of getting a great home at a great price.

Know What You Can Afford

The housing market is in a constant state of fluctuation. It is essential that you understand a bit about the local market before you hire a real estate agent to start searching for a new home. It is usually recommended that you get pre-approved for a mortgage before starting your house search. In fact, many real estate agents won’t even speak with you until you have been pre-approved.

The only way to know what kind of house you can afford is to talk to a lender and get pre-approved for a mortgage. The lender can tell you what price range to look for and anything else you can do financially to make the process easier.

Develop Realistic Expectations

One reason many people end up dissatisfied with their home-buying experience is that they started with unrealistic expectations. Just as you need to know how much you can afford to spend on your new home, you also need to know exactly what to expect from the entire process. This includes how long it could take to sell your old home and to close on the new home.

You also need to be aware of exactly what a realtor will and won’t do for you. Asking your realtor about the services they offer is a start. Beyond that, if you can find out what you can do yourself, you can be more involved in the process. A skilled realtor, like those at RE/MAX Realty One, are much more effective when you know your stuff and leave them to do theirs.

Find the Right Realtor

As with most any service, hiring the right realtor can be tricky. The skills and attentiveness of your realtor can change the outcome of your home-buying experience. If your realtor knows listens well and understands what you want, you’ll find what you’re looking for. If your realtor doesn’t click with you, you may not like any of the homes they show you.  For this reason, it is imperative that you don’t hire the first realtor you come across. Instead, you should take your time and gather information.

Look at online reviews and speak with the realtor to get an idea of how they do their work. If you get along well, understand each other, and can negotiate acceptable terms, hire them! You’ll be glad you did when they help you find and buy the perfect home for you.

Going into the home-buying process blind is definitely one of the worst things you can do. If you don’t take the time to do your research, the odds usually dictate that you’ll end up having a bad experience. This doesn’t mean that you need to spend months learning everything there is about real estate prior to beginning your search for your new home. But, the more effort you put into preparing yourself ahead of time, the better your chances are of happiness when it’s all done

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