Real Estate Realizations:
What Your Agent Wants You to Understand
home equity articles and tips
When you are looking at homes, there are so many considerations. A real estate agent is there to help you through the process. Here are some of the things that your agent wants you to understand.
Be Financially Prepared
Know how much you can afford before you starting shopping for a home. Having a budget and being preapproved for a loan saves everyone time. You don't want to find your dream home only to find out that it is out of reach. If your agent knows what you can realistically afford, they can tailor your search. They can help you to get the most house within your budget. It doesn't help them or you to put an offer on a house and have the deal fall through.
Don't Be Too Picky
You may be shopping for your dream home, but nothing is going to absolutely perfect. Every home is going to have something that you don't like about it. It is more important to find something that you can afford. You can always make those cosmetic changes later on. If you are too picky, you will never find the right home. This doesn't mean that you need to lower your standards. Just be realistic about what you are looking for and your financial means.
Agents Don't Control the Market
Your real estate agent doesn't have any control over how quickly houses sell. This means that if you are really interested in a home not to wait too long. Chances are pretty good that someone else will also be interested. You don't want your dream home to be sold out from under you. The advantage of putting in a fair market offer is that it can get you the home you want. If the house is very desirable, don't be surprised if there is a bidding war.
Let Your Agent Negotiate for You
Your agent is in the best position to negotiate the price for you. They have the experience to get you the best deal. Don't talk to the seller's agent. This can be detrimental for you. This can lead the seller's agent to think that you don't trust what your agent is doing. It can degrade the ability of your agent to negotiate a good deal. Another thing to consider is not giving out too much information to listing agents. The biggest mistake is telling a listing agent how much you can afford. This can cause you to lose your bargaining chips.
Select an agent, like those from Re/Max of Boulder, Inc, that works for you. Then, take into consideration these items when starting your home search.
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