I think the internet is a powerful tool to help us become more independent for many parts of our lives. I googled indoor vegetable gardens to find an alternative way to grow my favorite veggies away from the Texas heat, have made several holiday wreaths from instructional guides on Pinterest and of course I get to enjoy reading about other parts of the world for vacation bucket list ideas.
As homeowners become home sellers and as sellers look to buy a new home, the internet can be both helpful and a hindrance as some may think they can apply the same rules as building a garden to buying a home, all on their own. Are you willing to risk losing thousands or even tens of thousands of dollars to buy a home on your home, not to mention be available to spend many hours conducting research, meeting with lenders, inspectors, and calculating a usually complex world of fees, costs and expenses?
Here are 5 really important reasons why you should use an experienced realtor to buy your dream home.
It wasn’t uncommon back in the day to call up a realtor and ask to see a home you’re interested in. Nowadays a realtor will not entertain such a request until they know you have been approved for the loan.
If you’re house hunting without a realtor, you’ll need to spend quite a bit of time researching and finding local lenders. You probably won’t do business with the first lender you meet, which means you’ll need to interview several to make sure you’re getting the best possible rates you can get.
If you have a realtor, s/he will have a list of local lenders and be your liasion to find the lender that best meets your needs. She will present you with a couple of options and discuss pros and cons.
TO BUY, OR NOT TO BUY A HOME
What type of home you want, how many bedrooms it should have and the part of town it is in is all up to you. But there’s more to home buying then just picking paint color and window treatments.
If you’re working without a realtor, you will have to do a tremendous amount of work to find out what the inventory is on the market and what type of inventory it is. Are you willing to consider a short sale, foreclosure, etc.
If you have a realtor, she will have access to all of the homes in the community you’re interested in as well as filtering which ones meet your criteria.
If you are house hunting without a realtor, you’ll be required to sit across from the seller’s realtor and to negotiate all of the different terms, timelines, finance details, etc.
If you have a realtor, she will be a seasoned negotiator and move through the discussions with experience and swiftness. While her goal is to get you the best deal possible, that is the same goal for the seller’s realtor. The ability to refrain from having emotional discussions during this stage of the home buying process will allow for all parties to come out a winner.
If you’re house hunting without a realtor, be prepared to spend the day with a home inspector and worse, be prepared to complete all of the necessary paperwork on your own. And when you arrive to the Closing, are you comfortable talking to the seller’s realtor about closing fees, close rations and, title insurance?
If you have a realtor, she will understand how to negotiate for you should there be a hiccup during the inspection. It can save you thousands of dollars and many headaches. A seasoned realtor will walk you through this stage with as much detail or little detail you need. And since she’s representing you, she has your best interest at heart.