purchase. They will identify properties, based on your pre- approval, that fit your budget and criteria, help you develop a competitive offer, negotiate on your behalf, and provide you with knowledge and support throughout the process. The agent has access to the Multiple Listing Service (MLS), where they can find more detailed information about individual properties than is available on real estate websites and apps. Insight into the area. Your agent can share insights about local amenities like restaurants, shops, events, and the community vibe. However, due to Federal Fair Housing Laws, your agent cannot comment on crime rates, religion, economic status, or schools. Instead, they can direct you to trusted sources for that information. Go home shopping. Scrolling through listing photos just isn't the same as viewing a property in person. Your agent will work with a home's listing agent or owners (if the property is For Sale by Owner, FSBO) to schedule showings. They'll also fill you in on anything they learned about the sellers or the property from that communication. Help you make offers. Your real estate agent will consider and share insights on key factors, including: 1. Comparable Sales (Comps): Recent sale prices of similar homes in the area to gauge a fair offer. 2. Current Market Conditions: Whether it’s a buyer’s or seller’s market, which affects negotiation power. 3. Listing Price History: How long the home has been on the market and any price changes. 4. Seller’s Motivation: Whether the seller is eager to move quickly, which could impact their willingness to negotiate. 5. Property Condition: Needed repairs or upgrades that
7
Powered by FlippingBook