Buying your first home is a major life milestone, and one that most people treat with a great degree of caution and reverence. Having to do this all by yourself can be a daunting experience, however, and there a great number of ways in which this can backfire on you later on. It is highly recommended, especially for first time homebuyers, to hire the services of a real estate agency that can provide guidance during this important time.
“Whether you’re buying a home in Margate, NJ or Margate, FL the home buying process is not always problem free or straight forward or pleasant.” says Dustin Miller a Realtor in Margate, FL who specializes in working with first time home buyers.
“If you don’t have a Realtor working with you then make sure you have an attorney and title company you can trust looking over everything.” he added when asked what advice he would give to home buyers handling a transaction without a real estate broker.
You Can Communicate Your Desires To An Expert Who Knows The Market
Experienced professionals in the real estate market of your particular locality can provide valuable information about the homes that you are interested in, as well as insight into the particulars of various properties that you could easily miss. When it comes to the complex arrangements warranted by most home buying agreements, it helps enormously to have expert advice on your side, guiding you through the process.
You Can Have Your Interests Legally Represented
While it is usually not legally required to buy your home through a real estate agency, having your best interests legally protected is a very intelligent step towards securing a good deal. In many cases, you will be dealing with the seller’s realtor, who can put unfair pressure on you and produce a deal that benefits the seller more than yourself- all without you knowing.
In some cases, the seller’s agent will attempt to convince you to partake in a relationship that is called a, “dual agency” in which he or she represents both of your interests. Theoretically, your interests are just as important as the seller’s, but, in practice it is often the seller that gets the best deal out of this arrangement.
You Keep Control Over The Process
Your real estate agent is working hand-in-hand with you to get you the best price on the right home that meets your needs, ideally. In a productive relationship with a scrupulous and reputable agency, you retain total control over the terms and conditions of the transaction, and are not pressured into deals that serve your agency’s needs more than your own.
If you feel hesitant about contacting a professional agency for this reason, you should scope out the market and ask pointed questions to your possible agents. A good and trustworthy agent can do more for your first home buying experience than you could ever do alone.
“Make sure the real estate agent you choose knows the market and has your best interests in mind. You may even want to research them online or ask for references from other clients they’ve helped in the area.”, Dustin Miller adds. Whatever you choose to do, make sure you really weigh the pros and cons and make an informed decision. Best of luck!