I read an article recently profiling Home Buyers and Sellers and it showed a growing trend among recent buyers.
The latest figures show that 89 percent of buyers purchased their home with the help of a real estate agent. This is a sharp increase from a decade ago in 2001, when only 69 percent of buyers enlisted the help of an agent or broker. Why do today's buyers choose to work with an agent? Here are just a few of the many reasons an agent can be your biggest ally.
First, agents are licensed professionals, which means we had to complete coursework and pass an exam in order to become an agent. We have the education and experience to help you navigate what will be one of the biggest purchases of your life.
We also have access to a wide range of properties and can guide you to those that are the best fit for you, which can save you time and energy. If you are unsure what type of property you're interested in, an agent can help explain the pros and cons of things such as condo life versus single-family detached living. We are also aware of up and coming neighborhoods, which areas are within walking distance or have access to better schools. These are all issues an agent deals with daily.
We can also ease the burden of buying by simplifying the process. We set up showings, drive you to appointments if needed, and help you handle the intricacies of negotiations.
Today's market also presents challenges that simply weren't present or didn't dominate the market a decade ago. Buyers are faced with some great deals, but through some complicated channels such as foreclosures. How does one handle these sort of contracts? As your agent, it is my job to know and to help your through the process.
Finally, buyers are unsure if now is really a good time to buy. They need to rely on someone with local market knowledge. Is this a good neighbor to invest in? Are prices still dropping in this community? How long do homes take to sell? What is the median selling price? Buyers want the best deal out there.
If you are considering buying a home this year, be sure to strongly consider using a real estate agent. We could be your biggest ally.