Yes. Buying a Home Can Be Stressful.

Yes. Buying a home can be stressful.

Hiring a professional to buy or sell a home is a good way to assist you in dealing with some of the stress points during a real estate transaction. Often times, buyers and sellers are unaware of all the possibilities that may come into play when purchasing a home or selling one. Your realtor is a trusted resource that will help you remain calm.

Here a just a few to consider:

 

  • Sometimes you will have to write many offers in our competitive market before you will secure a contract.

  • Sometimes home inspections do not go well and negotiating repairs can be stressful.

 

 

  • Sometimes closing gets delayed or there is an issue getting your keys once closing has occurred.

  • Often sellers may accidentally leave items at the home that are unexpected or leave the home less clean than anticipated. This can cause extra work to be needed before you may want to move in.

 

  • If you do not understand the home buying process well or your lender and/or real estate agent are not communicating consistently, it can leave you feeling out of the loop and anxious.

  • Feel free to constantly communicate with your agent and lender if it helps you feel at ease during the process. They really are such a valuable asset in so many ways.

 

Why You Should Work With a Realtor

Working with a realtor to buy or sell a home is not only a good idea, it will take most of the stress out of the process. From dealing with the financials to writing contracts that protect you in the transaction, working with a realtor is an important first step to having a successful sale.

10 Reasons why you should work with a realtor:

 

1. Hiring a realtor will ensure your property is listed at the right price, as a result it will help it sell faster.

 

2. Presenting your property in the best manner is also vital to the sale, from staging to pricing, a professional can help direct you in this process.

 

3. Exposure is key. Realtors work for you, ensuring that your property has the proper exposure, from open houses to social media.

4. Working with a professional will ensure your contacts are signed and initialed correctly so there are no hiccups at closing. Working with a realtor streamlines the entire closing process and allows you to just show up at a scheduled time.

5. A realtor will schedule showings and appointments to see the property, all while keeping you in the loop on any progress.

6. Hiring a realtor gives you the peace of mind knowing that a professional ‘has your back’ and is working diligently to meet your needs throughout the real estate transaction. Have questions on any part of the process? Your realtor is there to help.

7. Typically, higher price offers will be presented when working with a realtor, resulting in your property selling at top of the market.

 

8. Negotiations and inspection issues are addressed by the realtor, therefore taking that responsibility off of you.

 

9. Closings are sped up when working with a realtor.

 

10. A realtor will have current market knowledge, knowing what homes have sold for in the area, therefore ensuring you have it priced correctly.

8 Tips on Choosing a Real Estate Agent

These days it seems that anywhere you throw a rock you will hit a real estate agent. They are everywhere!  So, when you need one, how do you chose the one that is best for you?  With the return of the real estate values and huge demand, being a real estate agent has become cool again.  Here are the 8 things to look for when hiring an agent to get the best service and expertise possible.

  1. Availability– In a hot market when you are buying or selling, you need to have an agent that has time for you or you will miss out on some good houses.
  2. Market Knowledge– It is impossible to know everything about every neighborhood, but most agents specialize in certain areas.  If you are looking to buy or sell in neighborhood, look for an agent that specializes in that area.
  3. Experience– It usually goes without saying that you can’t buy experience.  When it comes to real estate agents, you need someone who knows the business and how to play the “game” of real estate.
  4. Resources– Since 2008 the market has been constantly changing.  Mortgage loan types, underwriting requirements and down payments are all different from 10 years ago. Today you need an agent that understands these industry changes and has people and resources in place to help with the mortgage loan process.
  5. New Marketing: Social Media– It used to be in order to sell a home you needed the three “P’s” of marketing.  They were Price, Product, and Promotion.  Sometimes you also needed the 4th “P” prayer…  While the three “P’s” are still important the thing that has changed the most is Promotion.  The old school best bang for buck used to be placing ads in the local paper.  Slowly over the past 10 years print has moved to digital ads through the paper.  Now in 2017, social media is king.  With Facebook, Instagram, twitter, etc. smart agents can advertise listings directly to the demographics that are looking for a home for maximum marketing impact.  Find an agent that is social media savvy. Bonus Tip: If you can’t find them on facebook or Instagram, you may want to find another agent.
  6. The agent sells real estate full time– There are plenty of agents out there that are selling real estate as their second job.  You want an agent that is in the business full time and is actively selling homes to buyers and sellers.
  7. Ask your friends and family for suggestions– Many of the best agents do very little to market themselves because they don’t have to.  The best agents get the majority of their business from client referrals.  A little known fact about sales is that if you do a good job the majority of the time, a client might tell 1 or 2 people what a great job you did.  However, when you do a poor job, a client will tell everybody they know.  So ask around, you will find out who is good and who is not.
  8. They are willing to listen– It is amazing how often people don’t listen. You don’t want to waste your time or their time looking at properties that won’t fit your needs.

Here are Market Source Real Estate we specialize in the Salt Lake and surrounding markets.  With exceptional knowledge in older homes and their construction, charm, and pitfalls we help our buyers and sellers maximize their “new” old homes.  Call Monique or Jeremy today.