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What Exactly Does a Buyer’s Agent Do for You? It’s natural for most homebuyers to hire a real estate agent or broker who can help them find a property. Without one, they’ll need to learn and apply all at once, the special set of skills that took the professionals years to master. From finding a property that matches the client’s budget, to negotiating and closing the deal, a real estate agent’s long list of duties and responsibilities represents the usually complicated nature of home buying. If you pick a good real estate agent, you can expect help from this pro all throughout your home-buying endeavor. But how in particular is that possible? To help you buy a property, your agent has to be deeply knowledgeable of the business of real estate, including neighborhood conditions and amenities, price trends, laws, zoning and tax issues affecting real estate, insurance, negotiation and financing. He should also emotionally stable as well so he can effectively handle the stresses that accompany his job.
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During your first meeting, the agent will likely help you examine the viability of your wants and needs as a home buyer, specifically with regard to the type of home and community you are planning on. He will guide you in creating a realistic budget, finding the right financing, understanding current market conditions, and discovering what to expect as a home shopper. In addition, he will come up with a strategy or shopping plan basing on your needs and financial preparedness, and your target area’s current market conditions.
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While shopping for your home, you’ll have to meet with your agent to check out available properties and talk about tons of details, such as a home’s strongest selling points, neighborhood crime rate, access to hospitals, schools, malls and other key establishments. It will also be your agent who will handle disclosures, ensure that repairs and inspections are done, and coordinate with every professional involved in your purchase, such as your lawyer, roof inspector and lender. If bargaining above the price is needed, your agent will negotiate for you; and when you finally have to sign the closing documents, he will also be there, making sure that everything is fair enough for you. Whenever you have questions or concerns, you can raise them with your agent, who should be able to provide insightful answers or clarifications. With a lot of different types of agents to represent you, it’s important to be careful in choosing the professional who can meet your needs best. Ask friends, relatives or coworkers who have hired an agent in the not so distant past, and were happy with the outcome. People are usually glad to provide recommendations.