Warm spring weather and even a hotter market! Home sales continue at a near-historic level, with many homes going above list price and bidding wars with multiple offers.Hard for the
Top 10 Reasons To Hire A Buyers Agent When Buying A House in the Okanagan
Dated: January 28 2019
So how does a buyer make sure their best interests are being protected? Simple, hire a buyers agent. There are several reasons why it’s extremely important that when you’re buying a house that you hire a buyers agent.
Since a buyers agent is looking out for a buyers best interest, they’ll help ensure the buyer gets the best deal possible. Below are the top 10 reasons to hire a buyers agent when buying a house. Understanding these 10 reasons should make it clear that you need representation when buying a house.
1.) It’s Free To Hire A Buyers Agent
One of the most obvious reasons to hire a buyers agent when buying a house in the Okanagan is that it’s free.
It’s free to hire a buyers agent, it’s an obvious reason why you should hire a professional to represent your best interests in the purchase of a house. It’s vital, however, that you don’t just hire any buyers agent.
2.) A Buyers Agent Knows What To Look For When Viewing Houses
Whether you’re buying your first house or tenth, chances are you don’t physically look at houses on a daily basis. A successful buyers agent is physically looking at dozens of houses each and every week in Kelowna or Vernon areas. Another excellent reason to hire a buyers agent when buying a house is because they know what to look for when viewing houses.
3.) A Buyers Agent Understands The Local Real Estate Market
Each and every real estate market is different. Real estate markets can differ from town to town and even neighbourhood to neighbourhood. It’s extremely important when buying a house that you understand the local Okanagan market.
It’s highly recommended as you hire a buyers agent that you make sure they have experience selling houses in the area.
4.) A Buyers Agent Can Help Evaluate & Secure Financing
The world of real estate financing can be very confusing and complex. One thing to expect when you hire a buyers agent when buying a house is help with evaluating and securing the best financing for your circumstances.
A buyers agent can help you navigate through the various financing options and help you decide which type of mortgage is best. In addition to helping you understand the various options, a buyers agent will be able to help you secure financing through a mortgage broker.
It’s important to keep in mind as you’re securing financing that you strongly consider using a local mortgage company. Local mortgage companies understand what the process is for real estate transactions and also any local rules or regulations.
5.) A Buyers Agent Will Coordinate Showings
One of the most overlooked tasks that a buyers agent performs on a daily basis is the coordination of showings for buyers. Coordinating showings can be tricky and something that gets confusing.
A great reason to hire a buyers agent when buying a house is they’ll be responsible for coordinating viewings of potential properties. Depending on a buyers house search, it’s possible that a buyers agent is coordinating a large number of showings in several different towns at a variety of different times.
If you’re buying a house and have interest in a dozen properties, a buyers agent is responsible for making sure that you have the opportunity to view potential properties if they’re available. This may mean making a dozen phone calls, figuring out the best route for the showings, and making sure they provide you all of the pertinent information about the properties.
6.) A Buyers Agent Will Know How To Write Real Estate Contracts
There are many parts to a real estate contract and having an experienced professional to guide you through the contract is vital. There are several real estate contingencies to consider including, a purchase offer, several deadlines that need to be set in a contract, and other important parts too within a real estate contract.
In addition to the important aspects within a real estate contract, an experienced buyers agent will know how to write a contract that presents you in the best possible way in the eyes of a seller. A real estate contract that is poorly written or a contract with missing or blank areas is a common reason why a purchase offer is rejected when buying a house.
7.) A Buyers Agent Will Have Access To Experienced Professionals Needed During A Transaction
During the course of a real estate transaction there are several professionals that are needed. When you’re buying a house you’ll potentially need a mortgage originator, a home inspector, a real estate attorney, and a handful of other professionals.
When you hire a buyers agent when buying a house, you can expect they’ll have a pocketbook full of recommended professionals. An experienced buyers agent will have several mortgage companies, inspection companies, law firms, and other services that they can recommend to you.
8.) A Buyers Agent Will Be Your Negotiator
One of the most frequently asked questions about buying a house relates to the amount that should be offered for a home. A huge benefit that you’ll receive when you hire a buyers agent is that they’re negotiating on your behalf.
Depending on the house you’re attempting to purchase and the current state of your local real estate market, having a top notch real estate negotiator can be critical.
9.) A Buyers Agent Will Keep The Transaction On Schedule
Delays in real estate transactions happen, but this doesn’t mean that it’s acceptable. A delay in a real estate transaction is frustrating to all parties involved, especially for a buyer and a seller.
When you hire a buyers agent, you’re greatly improving the chances that your real estate transaction will stay on schedule. There are dozens of reasons why real estate closings are delayed, many of which can be avoided by hiring a top buyers agent.
10.) A Buyers Agent Can Be Your Emotional Filter
Buying a house is very emotional and can potentially get the best of a buyer. Another great reason to hire a buyers agent when buying a house is they can act as an emotional filter.
Since a buyers agent isn’t emotionally attached to a specific property you may have interest in, they can help keep you from making an emotional and rash decision. Ultimately a buyer is the final decision maker, but a buyers agent can help a buyer weigh the PROs and CONs to potential properties while taking the emotion out of the decision.
There are many reasons to hire a buyers agent when buying a house and the top 10 reasons discussed above should make it clear, hire a buyers agent when buying a house!
There are very few, actually, no good reasons to not hire a buyers agent. When you hire a buyers agent, you’re hiring a professional to look out for your best interests during one of the largest purchases you’ll ever make.
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Annette has sold hundred and hundreds of homes in her 25 years of selling Real Estate
Move Okanagan Real Estate
Annette has been in Real Estate since 1994. Her determination to uphold a tradition of trust, integrity, and expertise has earned her a long list of satisfied clients who recommend her at every opp....