If you’re new to the housing market, you might have heard all kinds of things about realtors.
They’re all cheats!
They charge so much more for a simple job.
They will only show pricey options.
NEVER trust a realtor with your finances.
While a small fraction of these misconceptions may be true—owing to a few unfortunate cases of fraud—but those are just exceptions. A real estate agent is legally bound to protect your confidentiality in all matters, work in your best interest, offer their services to secure the best gains from property buying or selling, and even manage your finances. They owe these fiduciary duties to you.
But their job goes beyond that. Here’s all that a realtor should be doing for you if they’re paid for this job.
Stage Your Home
If you want to list your house on the market and attract interested buyers for site inspection, you need to make your place look presentable. This is called staging a home. This can be quite a stressful job, especially if you’re unsure what buyers will be looking for.
But real estate agents have experience with buyers, and they know warm lighting, big, clean windows, mood music, and a pleasant scent always wins. They’ll guide you about how best to declutter your house before an interested party visits. These staging improvements can go a long way in enhancing your property’s market value.
Secure a Home Loan
Buying a house may require more than your life’s worth of savings. Sometimes buyers need a home loan to finance the investment. But applying for home loans is an exhausting process, and it may intimidate first-time buyers at the initial stages. That’s where the real estate brokerage services come in.
A realtor is supposed to guide you throughout the home loan application process. This would require that you disclose your finances to them, and they’re legally bound to protect your privacy. Make sure you approach a trusted realtor with a reputation to validate their credibility in this business.
Choose an Inspector
Once you have your finances in order, you can begin the house-hunting process. A crucial part of shortlisting options is site inspection. Before you close a deal, you’ll want to ensure that there are no hidden structural damages or insect infestations in the house. There’s a lot that needs to be checked and only a professional inspector can do that. Your realtor has the liberty to hire an inspector for your case to make sure the inspection is thorough and accurate. This also offers you leverage while negotiating the price with the seller, so you want to get your facts right.
Phillip Fehler is a real estate broker at Fathom Realty. His experience in the real estate industry has granted him expert knowledge of the property market. He has offered his real estate brokerage services to many residential clients in Fayetteville and Fort Bragg in North Carolina.
His clients have always come back with positive reviews for his assistance throughout the house buying or selling process!