Even the most seasoned home buyer can find themselves overwhelmed by the home buying process – especially without the right representation in their corner. That’s why we recommend all first-time home buyers consider teaming up with an Edmonton REALTOR®. Not only will they help you find a home you love at a price you can afford, but they’ll also be there to help you every step of the way.
As a first-time buyer, here are five great reasons to work with a REALTOR®:
1. Endless Support, Advice and Guidance
You’ve scrimped, saved, and now you’re ready to buy your first home. Now what? With so many properties available on the Edmonton real estate market, how do you know which home is right for you? Or neighbourhood? Are there extra expenses you need to prepare for? What if something goes wrong during the process?
One of the first (and best) perks of working with a REALTOR® is they will be an inexhaustible source of advice and guidance on all things home related. Have a question? They’ll be there to answer it. Unsure of what to expect? They’ll make sure you’re prepared ahead of time. In short, it’s your agent’s job to ensure you feel comfortable and supported, always.
See our previous post: First-Time Home Buyer FAQs
2. Avoid Potential Problems
Real estate transactions are prone to the occasional hiccup (i.e. an overlooked signature or a minor discrepancy in the sale contract). However, a small issue can turn into a major problem if not dealt with quickly and professionally.
Another important aspect of your REALTOR’S® job is recognizing signs of trouble before it’s too late. This includes keeping an eye out for potential problems when looking at properties, monitoring your mortgage loan commitment, preventing 11th-hour hassles on closing day and much more.
3. Negotiation Superpowers
Negotiation expertise should be part of any REALTOR’S® skill set, and for a good reason: saving you stress, time and money. Whether they’re negotiating repairs, seller concessions or sale price, these skills (combined with expert market knowledge and property sale experience) mean you can look forward to the best deal possible on your new home. Acting on your behalf also serves to minimize the emotional aspects of the transaction, guaranteeing a smoother, more enjoyable process for you as the buyer.
4. A Network of Helpful Resources
A good REALTOR® is a well-connected REALTOR®. As a means of providing the best service possible to their clients, qualified agents make it their mission to form strong partnerships with other professionals in the industry, such as:
- Mortgage Brokers
As someone new to the market, these connections are extremely helpful. They will ensure you’re looked after in every capacity, from down payment assistance to ensuring you get the right mortgage product for your needs.
5. Finding Your Dream Home
Speaking of needs, helping you zero-in on your unique home-related wants and needs is another agent responsibility. Working within your budget, your REALTOR® will help you focus on the features you must have in a home vs. the ones that, while nice to have, aren’t deal-breakers.
Ultimately, working with a REALTOR® in this capacity will help you:
- Align your budget with what’s currently on the market
- Save time and money (you won’t be looking at homes you either don’t like or are out of your price range)
- Manage expectations ahead of time and eliminate emotional stressors (i.e. falling in love with a home you can’t afford)
- Proceed quickly and confidently when you do find the right home (no second-guessing or buyer’s remorse)
- Figuring Out How Much You Can Afford
- Coming Up With Your Down Payment
- Getting a Mortgage Pre-Approval
- Determining Your Wants vs. Needs
- House Hunting Tips
- And more!