What Does a Realtor Do for the Homebuyer?
Prospective homebuyers who begin their search without enlisting the knowledge and experience of a professional Realtor to represent them will miss out on a range of resources that can help them make an informed decision. Realtors add insight into the current market conditions and a real-time understanding of each neighborhood’s current conditions and characteristics.
A Realtor can help save time and aggravation by sifting through and prioritizing potential showings that meet the homebuyer’s needs.
How a Realtor Helps a Homebuyer
A knowledgeable Realtor will advise, guide, and negotiate while resolving potentially “sticky” issues along the way, all the while keeping the buyer’s best interests in mind.
Some of the ways that a professional Realtor can help homebuyers:
The homebuyer may need a specific number of bedrooms and baths, lot size, and perhaps even architectural style.
The desire to live in a specific neighborhood and a target price range are also essential elements of the pre-search discussion.
Assist with Mortgage Preapproval
If the homebuyer is financing their new home, securing a lender’s preapproval is a critical first step. The information allows the lender to offer a pre-approved borrowing limit and estimated principal and interest payment.
Often, the Realtor will provide the homebuyer advice regarding prospective lenders.
The preapproval serves two vital purposes:
- Saves time by narrowing the list to affordable potential homes to view.
- It shows the home seller and their Realtor that the buyer is serious and qualifies for a loan.
Schedules and Accompanies the Buyer to Showings
By accessing the MLS (Multiple Listing Service) databases, the Realtor will enter all the desired criteria and price range to create a customized list of properties for sale.
Generally, the Realtor previews prospective homes before scheduling a showing to ensure the home fits the homebuyer’s requirements. The Realtor also coordinates showing prospective homes with the home seller for the homebuyer.
Writing an Offer
When the homebuyers discover a property that best fits their needs, an experienced Realtor will recommend a realistic offer price to the homebuyer. The Realtor will draft an offer that precisely expresses what the buyer expects from the seller.
The Realtor can also offer details about recent comparable home sales in the area to help the buyer decide if the home fits their needs.
An inspection is for finding potential problems or deficiencies that may not have been apparent during the showing. Often the Realtor can recommend a proven, reliable home inspector.
Negotiating Inspection Deficiencies
The Realtor will often propose that an offer be made contingent upon the home seller making repairs before the closing or ask for a reduction in the selling price.
Monitor Final Documents
The Realtor will review all the paperwork before closing to ensure that the process progresses smoothly and that the buyer’s interests are fully represented.
Find the Home of Your Dreams with a Proven Realtor
Eliminate unnecessary headaches while buying your dream home with an experienced Realtor as your representative.
Searching for a home should not be stressful. A professional Realtor is your personal guide on the sometimes complicated journey of buying a new home.
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