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By Bradley Gill | Broker in 95120
  • Top Reasons for Buyers to Hire a Real Estate Professional

    Posted Under: General Area in San Jose, Home Buying in San Jose, Property Q&A in San Jose  |  May 17, 2011 4:51 PM  |  3,005 views  |  No comments

    Home sellers who used a real estate agent are 50% more successful at getting their homes sold than unrepresented sellers, according to researchers at HomeGain.com.


    But did you know that buyers who use a real estate agent are also more likely to have a successful transaction?


    Here are the top reasons that homebuyers should choose to work with a qualified real estate professional, preferably a REALTOR®.


    Getting a purchase closed in today’s market is complex and filled with buyer traps.

    Buyers face many more hurdles including stricter financing and a confusing marketplace of listed homes, fore-sale-by-owner homes, foreclosures and short sales. Your area may be in a buyer’s market with lots of inventory available and falling prices, but the home you want may be in a price range or neighborhood that’s in a seller’s market.


    A professional is more likely to help you close on the home of your dreams.

    To take advantage of today’s near-record low interest rates, attractive inventory levels, and prices rolled back more than a decade, you need a sales professional to help you close the deal. A good real estate professional understands the current market. He or she has house-by-house neighborhood experience and help you obtain the right house at the best price and terms.


    Real Estate Agents will navigate you through the home buying process.

    Once you find the house you want, the work really begins. You’ll need help navigating negotiations, loan approval, seller’s disclosures, inspections, repairs, and much more. Your agent will share your risk, and will make sure you go into any home purchase with your eyes wide open.


    Best of all, real estate professionals work primarily on commission.

    In most instances it won’t cost you anything to hire a professional to assist you with your real estate purchase. In fact, your real estate agent is paid a commission from the sales proceeds of the home, which comes from the seller’s pocket. And since your agent won’t be earning any income until they have found your dream home, they will be motivated to assist you with all aspects of your purchase transaction.


    But, it also means that if the deal of the century is about to come on the market, who do you think your agent will tell?  The buyer who thinks he’ll get a better deal by working every agent, or the buyer who is loyal?  


    It’s common courtesy to work with only one agent per area that you are looking; and if it’s customary in that area, don’t be reluctant to sign a buyer’s representation agreement with your agent once you have chosen the right agent to represent you in your transaction.


    A buyer representation agreement (which is always an option) will help spell out the specific duties that your buyer’s agent will perform, meaning you will receive a higher level of service since the buyer’s agent has a formal commitment that you will utilize their services should you purchase a home in their market area. Just be sure to discuss the agreement at length so you and your agent have a clear understanding on expectations…and most agreements allow for the termination of the contract should you become unsatisfied with your chosen agent’s performance.


    And lastly, be sure to stay in contact with your agent. If you want to look at open houses or builder homes, invite your agent to come along. If they happen to not be available, show your loyalty by telling the salespeople you meet that you are already represented.


    Take advantage of the greatest home-buying resource available – your neighborhood Realtor®.

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