Do I Need a Real Estate Agent to Buy a Home?

As a real estate agent I know that 9 out of 10 home buyers rely on the internet as one of their primary research sources. This may not surprise you. However, 88% of buyers still use an agent. Why?

If you are a home buyer, before you even think of using an agent, you want to find by yourself the best home! Or you may have a home in mind, and you just want to check some more comparables in the same area.

So, you first create an all-day event in your calendar, showing you BUSY, for the next four weekends. You may also start a new spreadsheet, to save the research  data about the prospective homes. Now you’re ready to go Search, and Google is your probably your first choice. You soon conclude that maybe a more specialized real estate site may be a better choice for identifying properties for sale.

Here are a few answers to the questions that may run through your mind:

How do I make sure that I get all the available homes in my search results?  As a licensed real estate agent, I have full access to MRIS, the multiple listing system for the Washington metropolitan area, and many other regional and international MLS systems. The advantage of using MRIS/MLS is that the information on properties is reliable and is accessible as soon as the brokers/agents make it available. Only 79-81% of homes will appear in the third-party real estate portals search results (Study: The Accuracy of Real Estate Websites, Redfin.com). Additionally, working with a licensed agent will give you access to homes not officially listed, or “pocket listings”, available only through the word-of-mouth, and often high-end properties.

Is this a good neighborhood? There are some questions that even Siri cannot answer. By working closely with you, as your real estate agent, I can highlight the features that you and your family might appreciate in a neighborhood: playgrounds, parks, recreation centers, parking, history, and future development plans.

I like the home, but can I get a better price?  

“The Sun Tzu School Ping-fa Directive: Be strong and continually aware. Manage your strength and that of others. When essential, engage on your terms. Be observant, adaptive, and subtle. Do not lose control. Act decisively. Conclude quickly. Don’t Fight!” – David G. Jones

One of the most important aspects of my jobs to make sure that you, my client, are happy with all aspects of the transaction, including helping you negotiate the best price and the terms of sale for the home you want. 

How much can I afford and who will lend me the money?  Getting pre-qualified for a mortgage loan will give you the best idea about how much you may be able to borrow.  Knowing your buying power will allow us to identify and negotiate the price on properties you like, in the neighborhoods you admire. 

What paperwork do I need and how do I complete it? There are many things the buyer will have to deal when purchasing a home like closing costs, estimated taxes, buyers’s cost, seller’s cost, finance cost, tax deductions to name a few. But you don’t have to rush and get a degree in accounting before closing the deal on your house! The paperwork can be intimidating, especially for first time buyers.  Having a licensed real estate agent on your side to review all terms of sale and explain the meaning of each form will be crucial.

 

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Maryland & Washington D.C.

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