Buying a house is a very exciting time and one that buyers should prepare for no matter is at DT, North York or Markham. Whether it’s preparing to get a mortgage or shopping for houses, making a mistake when buying a house can lead to many future headaches.
Most houses that are being sold will have an agent representing the seller. For instance, my friend sold a new home at North York, he hired a Real Estate Agents North York for himself, which is frequently referred to as a listing agent or sellers agent. The listing agents main responsibility is to make sure the sellers best interests are being protected. So how does a buyer make sure their best interests are being protected? Simple, hire a buyers agent.
For example, there are several reasons why it’s extremely important that when you’re buying a house at at North York area that you hire a Real Estate Agents North York for buyers . Since a buyers agent is looking out for a buyers best interest, they’ll help ensure the buyer gets the best deal possible when you purchase a house at North York.
Below are the top 10 reasons to hire a Real Estate Agents North York for buyers when buying a house. Understanding these 10 reasons should make it clear that you need representation when buying a house.
1.The Most Important Thing is Free!
One of the most obvious reasons to hire a Real Estate Agents North York for buyers when buying a house is that it’s free.
There are very few circumstances where it costs money to hire a buyers agent. One circumstance that can lead to a buyer potentially having to pay for a buyers agent is when purchasing a for sale by owner (FSBO) who is not willing to pay a commission to a buyers agent. It’s pretty rare that FSBOs aren’t willing to pay a buyers agent commission, but it can happen. Due to this, it’s important that if you’re considering the purchase of a FSBO that you’re aware of this possibility. Since 99.9% of the time it’s free to hire a buyers agent, it’s an obvious reason why you should hire a professional Real Estate Agents North York to represent your best interests in the purchase of a house there.
It’s vital, however, that you don’t just hire any buyers agent. There are certain things you should expect from a Real Estate Agents North York for buyers when buying a house. It’s highly suggested as you think about hiring a buyers agent that you keep in mind they’re protecting your best interests during one of the biggest transactions you’ll ever take part in.
2.A Buyers Agent is Professional about Viewing Houses
Whether you’re buying your first house or tenth, chances are you don’t physically look at houses on a daily basis. Let still take North York buys as example, a successful Real Estate Agents North York is physically looking at dozens of houses each and every week.
Another excellent reason to hire a Real Estate Agents North York when buying a house is because they know what to look for when viewing houses. There are certain red flags to look for when buying a house, many of which you may not be aware of. An experienced buyers agent who looks at houses day in and day out will be able to identify potential problems within a house relatively easily.
Recently while selling a house in North York Toronto, there were potential structural issues with the foundation of the house that were not clear to the buyer. As the buyers representative, it was my job to point out the potential issues and suggest that they have it further evaluated by a structural professional. The buyers, needless to say, were thrilled that this was pointed out and they were made aware of this potential defect. This is only one example of what an experienced Real Estate Agents North York can identify within a house when viewing them.
Other common things a Real Estate Agents North York can identify include;
- Pest/Insect Issues
- Potential Mold Issues
- Roofing Issues
- Age(s) Of Major Components (Furnace, Air Conditioning Unit, Etc…)
3.A Buyers Agent Know The Local Real Estate Market
Each and every real estate market is different. Real estate markets can differ from town to town and even neighbourhood to neighbourhood. It’s extremely important when buying a house that you understand the local market. Since there are many reasons why real estate markets are different, another great reason to hire a Real Estate Agents North York when buying a house at North York area is because they understand the intricacies of the local market.
A Real Estate Agents North York who understands the local real estate market can go a long way when the time comes to make an offer on a house at North York. It’s highly recommended as you hire a buyers agent that you make sure they have experience selling houses in the area. To the contrary, hiring a real estate agent who doesn’t have an understanding of the local real estate market can cost you thousands of dollars should you make an offer that isn’t inline with local house values.
4. Help Evaluate & Secure Financing
The world of real estate financing can be very confusing and complex.
One thing to expect when you hire a Real Estate Agents North York when buying a house is help with evaluating and securing the best financing for your circumstances. A buyers agent can help you navigate through the various financing options and help you decide which type of mortgage is best.
In addition to helping you understand the various options, a Real Estate Agents North York will be able to help you secure financing through a mortgage broker. It’s important to keep in mind as you’re securing financing that you strongly consider using a local mortgage company. Local mortgage companies understand what the process is for real estate transactions and also any local rules or regulations.
5.A Buyers Agent Will Coordinate Showings
One of the most overlooked tasks that a buyers agent performs on a daily basis is the coordination of showings for buyers. Coordinating showings can be tricky and something that gets confusing. A great reason to hire a Real Estate Agents North York when buying a house is they’ll be responsible for coordinating viewings of potential properties.
Depending on a buyers house search, it’s possible that a buyers agent is coordinating a large number of showings in several different towns at a variety of different times. If you’re buying a house and have interest in a dozen properties, a Real Estate Agents North York is responsible for making sure that you have the opportunity to view potential properties if they’re available. This may mean making a dozen phone calls, figuring out the best route for the showings, and making sure they provide you all of the pertinent information about the properties.
6.A Buyers Agent Knows How To Write Real Estate Contracts
Even if you’re buying your tenth house, it’s unlikely you’re familiar enough to navigate a real estate contract. Hiring a Real Estate Agents North York when buying a house, you’re hiring a professional who knows the ins and outs of real estate contracts. There are many parts to a real estate contract and having an experienced professional to guide you through the contract is vital. There are several real estate contingencies to consider including in a purchase offer, several deadlines that need to be set in a contract, and other important parts to within a real estate contract.
In addition to the important aspects within a real estate contract, an experienced Real Estate Agents North York will know how to write a contract that presents you in the best possible way in the eyes of a seller. A real estate contract that is poorly written or a contract with missing or blank areas is a common reason why a purchase offer is rejected when buying a house.
7.A Buyers Agent is the Key Person During A Transaction
During the course of a real estate transaction there are several professionals that are needed.
When you’re buying a house you’ll potentially need a mortgage originator, a home inspector, a real estate attorney, and a handful of other professionals. For example, hiring a Real Estate Agents North York when buying a house at North York, you can expect they’ll have a pocketbook full of recommended professionals.
An experienced Real Estate Agents North York will have several mortgage companies, inspection companies, law firms, and other services that they can recommend to you. It’s likely that the professionals a buyers agent recommends provide quality service and would also be looking out for your best interest during the purchase of a house. One of the best questions to ask when interviewing a buyers agent is whether they have a list of recommended service providers. An experienced buyers agent should be able to provide several recommendations for each respective professional category.
8.A Buyers Agent Can Be a Good Negotiator
One of the most frequently asked questions about buying a house relates to the amount that should be offered for a home. A huge benefit that you’ll receive when you hire a Real Estate Agents North York is that they’re negotiating on your behalf.
Depending on the house you’re attempting to purchase and the current state of your local real estate market, having a top notch real estate negotiator can be critical.
For example, if you’re attempting to purchase an overpriced house at North York, your Real Estate Agents North York needs to know what it takes to purchase an overpriced house. This may include, but isn’t limited to completing a detailed comparative market analysis proving the house is overpriced or structuring the contract dates to appeal to the seller. If you don’t hire a Real Estate Agents North York, you’ll be required to do the negotiations by yourself. In the example of buying an overpriced house, there is a good chance that the majority of buyers don’t know how to make an offer on an overpriced house.
9.A Buyers Agent Will Keep The Transaction On Schedule
Delays in real estate transactions happen, but this doesn’t mean that it’s acceptable. A delay in a real estate transaction is frustrating to all parties involved, especially for a buyer and a seller. When you hire a buyers agent, you’re greatly improving the chances that your real estate transaction will stay on schedule.
For instance, there are dozens of reasons why real estate closings are delayed, many of which can be avoided by hiring a top Real Estate Agents North York for buyers. A good buyers agent is responsible for making sure that contract dates, such as a written mortgage commitment, are being met. Other culprits of closing delays include delays in appraisals being ordered or delays in an instrument survey being completed. An organized buyers agent will have a system in place that ensures these delays are avoided.
10.A Buyers Agent Can Be Your Emotional Filter
Buying a house is very emotional and can potentially get the best of a buyer. Another great reason to hire a buyers agent when buying a house is they can act as an emotional filter. Since a buyers agent isn’t emotionally attached to a specific property at North York you may have interest in, they can help keep you from making an emotional and rash decision. Ultimately a buyer is the final decision maker, but an excellent Real Estate Agents North York can help a buyer weigh the PROs and CONs to potential properties while taking the emotion out of the decision.
There are very few, actually, no good reasons to not hire a buyers agent. When you hire a buyers agent, you’re hiring a professional to look out for your best interests during one of the largest purchases you’ll ever make.