LONGMONT – When it comes to buying a home and taking the next step to your future as a homeowner, it may be worth having a real estate agent, or Realtor®, on your team. If you’re still on the fence about hiring a real estate agent, below are a few reasons to consider it related to their knowledge and networking.
Knowledge is power
It’s a real estate agent’s full time job to work within the market or area where you’re interested in making a purchase. There is no denying that the real estate agent you choose will probably have a lengthy list of resources and relationships, which means greater access to more homes that fit your criteria. Your real estate agent will utilize their network to track down houses specific to your needs and budget, contact each property’s representative and schedule appointments for you to visit the homes. Doing all of this on your own only narrows the opportunity and likelihood of getting connected to the home of your dreams. Plus, working with a real estate agent takes the stress out of shopping around on your own.
Whether or not your real estate agent has helped buy and sell homes in the neighborhood you’re interested in, they know where to find the inside scoop about your preferred location. This could be information regarding crime, diversity, ratio of rentals versus owner occupied units, schools and more. Your real estate agent will also understand pricing within a certain area and can pull comparable sales for your reference.
Market conditions are the factors that influence the housing market in a particular area or neighborhood. A real estate agent will be able to disclose data such as the average sale prices, days on market and per square foot cost of homes within the location you’re searching. This information, in conjunction with help from your mortgage team, will allow you to make an educational decision about what you can offer and how it should be structured.
For more ways a real estate agent can help you – including negotiating and reviewing your contract, visit the Elevations blog at elevationscu.com/mortgageblog.
By Mark Fasnacht. Mark is a Mortgage Loan Originator at Elevations Credit Union in Longmont. If you have questions regarding mortgages, please call 303.931.9491 or e-mail Mark.Fasnacht@elevationscu.com.