3 Good Reasons to Have a Real Estate Agent when Buying a Home

So, you’re looking for a new home. That’s wonderful! There’s nothing more exciting – or stressful – than that new home search. As such, you may be wondering if it’s a good idea to have a real estate agent to help you in the search for your dream home. While it’s not a requirement, there are several good reasons to enlist the help of a real estate agent. 

Real estate agents can:

  • Save you time
  • Offer a wealth of helpful information
  • Handle complex paperwork
  • Offer their services to buyers for free (usually)

*Note: There is one exception in which a buyer is required to have an agent, and that’s if you are bidding on an FHA foreclosed property. The Department of Housing and Urban Development (HUD) requires all bidders to have a licensed agent. 

3 Reasons You’ll Want a Real Estate Agent when Buying a Home

So, a real estate agent isn’t a requirement when buying a home, but do you really know what you’re doing? Here are three good reasons you’ll want to consider getting a licensed agent.

They know more about the market than you do. 

The internet makes it easy for homebuyers to find homes for sale. In fact, with just a simple filter, you can even search specifically for homes in your price range with the features that matter most. 

Having said that, a good real estate agent knows even more about the homes for sale in your area. For example, there may be sellers who don’t wish to advertise publicly so you wouldn’t see those homes online. Additionally, a real estate agent knows of homes for sale that aren’t even on the market yet. That kind of inside knowledge might just lead you to the home of your dreams. 

A real estate agent will handle all the paperwork for you. 

Unless you like filling in paperwork and have experience in the real estate industry, you’ll want an agent. Real estate paperwork can be complicated and confusing. If you fill something out wrong or neglect to sign something, you could blow the whole deal. Much of the paperwork in the home buying/home selling process is time-sensitive, too. Choosing to go with a real estate agent will ensure all the required documentation is filled out correctly and in a timely manner. 

A good agent will negotiate on your behalf.

If you possess good negotiating skills and have expert real estate market knowledge, you don’t need an agent. If, on the other hand, you don’t possess either of these skills, a good real estate agent likely does, and she will use them to get you the best deal. 

If you’re looking to buy a new home and are wondering if you should get a real estate agent, the answer is easy – yes!

A real estate agent can save you time, handle all the complicated paperwork, and even negotiate a better deal than you’d negotiate for yourself. And since most of the agent’s fees are paid by the seller, there’s really no reason not to have a real estate agent in your corner when buying a home.