Buying a home is one of the most significant investments you will make in your lifetime. Therefore, it is important to have the right professionals on your side to ensure that the process is smooth, stress-free, and ultimately successful.
While it may be tempting to try to navigate the complex world of real estate on your own, there are numerous reasons why you should choose to work with a real estate agent. Let’s take a closer look.
Getting ready to buy a home? Explore these blog posts for helpful tips about what you can expect on the market.
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Getting Started
As a home is one of the biggest purchases that you’ll make in your lifetime, there are a lot of essential details to work out before you head to the market. Rather than trying to navigate the many logistics on your own, a real estate agent can guide you through the necessary preparations before you’re ready to buy.
For example, if you’re unsure where to apply for home financing, an agent can refer you to a trusted lender or broker to help you acquire the resources needed for your purchase.
An important part of solidifying your buying budget is getting pre-approved for home financing. Click here to learn more.
Finding “The One”
With most home listings appearing online these days, it’s not hard to see why some buyers might assume that they have all the available options at their fingertips. However, this just isn’t the case.
When you search for homes online, the listings that you see are often only scratching the surface. If you want to uncover the widest possible selection of available homes, you’ll need to partner with a professional.
An established, well-connected real estate agent will have a wide industry network that can provide buyers with access to properties they wouldn’t otherwise know about.
On top of their elevated access to listings, an agent can provide you with a completely personalized, in-depth home search. As experts in the local real estate landscape, they’ll help you unpack exactly what it is that you’re looking for in a home. Then, they’ll know exactly where to find it. Your dream home could be in a neighbourhood you wouldn’t think to explore, or somewhere else where you wouldn’t otherwise discover it.
Looking to level up your real estate knowledge? Check out these resources from our blog.
Offers & Negotiations
When you’re ready to make an offer on a house, it’s important to have a professional on your side who is knowledgeable about the business aspects of real estate. If you attempt to purchase a home on your own, you may not have the necessary expertise to secure the best deal.
A real estate agent can help you make a strategic and compelling offer based on the home itself, current market conditions, and recent sales in the area. They’ll also know which conditions or contingencies to include to best protect your investment.
After the offer is made, the negotiation phase begins. During this step, they can help secure the home at a price that’s favourable for you. Truly mastering offers and negotiations requires formal education, years of industry experience, and access to insightful data – therefore, working with an agent will be your best shot at success.
Closing the Deal
Once your offer is accepted, there’s still a long way to go before the deal is done and finalized. Closing a home purchase involves a ton of logistics, paperwork, and finite details. If done incorrectly, it could cause the deal to fall through altogether. Once again, there’s simply no substitute for an agent’s expertise during this step.
Risk vs Reward
If you are contemplating heading to the market without the help of a real estate agent, you may have a particular reason or reasons in mind. However, as agents ourselves, we’ve heard a lot of misconceptions from buyers about what working with an industry expert actually entails.
One of the most common (ill-informed) concerns that we hear from buyers who are skeptical about working with an agent is that it will cost them money. This just simply isn’t true. While there are certain additional costs that come with buying a home in Ontario, real estate agent fees aren’t one of them. Instead, these costs are covered by the seller.
In reality, working with a real estate agent can actually help you save money. With their industry expertise, connections, and negotiation skills, they can help ensure you get the best deal possible on your purchase.
Gearing up to buy your first home? Our team of experienced agents can help you achieve your real estate goals. Give us a call.
The Bosley Advantage
Read about the heritage and innovation that form the foundation for Bosley’s industry-leading approach to real estate.
