Monday, June 13, 2016
By Jed Williams
What It Means To Have A Buyers’ Agent

Giving You The Greatest Advantage

While we’ve come a long way from the old adage, “caveat emptor,” or “buyer beware,” real estate transactions of today are not without their quirks, at the least, and high risks, at the most. As with any specialty, real estate agents are trained and licensed in their field. A friend of mine frequently jokes about being YouTube certified in a number of home DIY fields, but the truth is, when it comes to installing a gas fireplace or moving a bathroom, he’s going to call in the professionals.

It’s no different with handling real estate transactions. Today there are wonderful online tools to assist potential buyers that didn’t exist even ten years ago. RedFin, Trulia, and Zillow have made buyers more informed and subsequently made us, as agents, seem like little more than gate-keepers with the key to your potential dream home. Truthfully, finding a home is just the beginning in the transaction. Even assuming these previously mentioned tools are 100% accurate in terms of pricing, history, and condition, they can’t aid much in negotiation, due diligence, and liability reduction.

Your real estate professional has taken at least 60 hours of classes to earn his license and every four years continues his education with 15 credit hours of classes. Sure, you brush your teeth every day, but when you need your wisdom teeth pulled, you call your dentist. You may very well use popular tax software to do you annual taxes, but if you get audited, you will likely visit a CPA. Whether or not you have an agent when buying real estate, you will likely be in contact with and handle a multitude of communications with the seller (and likely his agent), home inspectors, title companies, banks, contractors, insurance companies, the home owners’ association and/or the condo association, appraisers, and potentially dozens of others. Your agent is well versed in handling these communications to your best interest.

In supporting your best interest, your real estate agent will wear various other professional hats. By law, your agent is prohibited from practicing anything aside from real estate. In reality, you will expect your agent to be an economist, contract specialist, technology guru, interior designer, and counselor. We understand that whether this is your first home purchase or your 101st home purchase, each specific transaction comes with its own unique set of circumstances. We can help you navigate those.

You will want to know the best time to buy and figure out how much you can afford. Oftentimes you’ll qualify for more than you thought. With interest rates varying and loan programs at every imaginable income level, we can help you figure out the market and get the most home for your money.

The contract to purchase real estate is pages and pages long, even barring addenda. Reading through all of the contingencies, time frames, and monetary commitments can be overwhelming with the legal language. Agents are trained not only to read and understand the language, but to translate it to help their clients understand. Also, the contract is always changing. For example, the last time you bought a home, it’s possible that your broker held on to your earnest money deposit. The law now prohibits that, and the title company must hold it until it can be deposited. Technology also is changing the world of real estate.

The various forms of technology used today can do much to aid you in finding your new home. Real estate websites, e-signature applications, virtual tours, and other forms of technology make finding your new home easier and the process to be less cumbersome. Fortunately, many real estate agents, and especially those at Hagan Realty, embrace and incorporate these new technologies and pay for various forms of software and applications to streamline the process.

Aside from having all of these tools at their disposal, real estate agents have innovative ways to think about homes. Of course you know what ways you need your home to serve you – it needs to be in a specific school district, or it needs to include a home office, you may need extra bedrooms for out of town guests to visit. We bring the expertise in finding these homes – often ones that go over looked because imagining a four-seasons room as an office might seem a little unconventional to you. Agents might not be trained interior designers, but they know homes and the ways different rooms and spaces can function to help you widen your perspective.

In addition to all of these functions, your real estate agent also acts as your counselor and mentor in the sometimes murky waters of buying real estate. A home purchase is often the biggest investment people make. It can be emotional and confusing in addition to the anxiety you’ll likely feel at one point or another. We ease that burden. Your real estate agent wants to make sure you’re getting the home you want at a price you can afford. We rely on your recommendation for our livelihood. If you’re not 100% satisfied, neither are we.

Buying real estate doesn’t have to be an overwhelming process. At Hagan, we understand this is something that you don’t do every day. We do. Let us take the burden off of you.

Jed WilliamsJed Williams
Principle Broker and founder of Hagan Realty