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Hiring the services of a real estate agent when you want to buy a property is a great idea especially if you have little or no experience in the business of real estate. The agent will take care of the process in a swift way, ensuring that you get a good deal within a short time. However, all that will be based on the competency of the agent. You should thus make a lot of considerations when choosing the agent to ensure that you get the most suitable one based on your needs. Below are a few of the considerations that you should make to help you with choosing the right one.

Main factors to consider

Experience

An agent who has many years of experience may be a better option for you. However, this does not mean that an agent without a lot of experience will not do a good job. In fact, a less experienced agent may have a smaller client base and thus give more focus to your needs to deliver the best services. An experienced agent will know all the tricks of the trade that he can use to your benefits. He will be able to handle any challenges faced in the buying process more swiftly.

Licensing

ytfufrdjtfurdjtgyihuThe agent that you choose should have all the relevant qualifications and license to work as an agent. Check his credentials and ensure they are genuine. You can check the licensing status from the website of the governing body of the particular state that you are in. If the agent works for a particular agency, you can also check the licensing status of the agency. The agent should be a member of the national, state, or local real estate institute. Avoid working with an agent who has cases of disciplinary actions taken against him in the recent past.

Location

You should choose a real estate agent who is based in or near the area where the property of interest is located. This is because the agent will have the upper hand when it comes to the local trends. He will have more knowledge of the prevailing prices and hidden red flags. Such knowledge will be used to guarantee the deal that you get is the most suitable based on your needs. It also comes with some convenience as the agent will not have to drive long distances when you need to view potential properties.…

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Experts recommend that you hire an agent to help you with the process of buying a home. You should choose a competent agent to ensure that you secure a great deal. However, it does not mean that you cannot buy a home without getting help from a real estate agent. You simply need to know the steps to follow, and you will be able to get your dream home. Below are the main steps that should guide you.

Steps to follow when buying a home

Get a mortgage preapproval

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You should ensure that you secure the financing for your new home before you go shopping for it. If you intend to pay for the house fully using cash that you already have, then you can go ahead and look for the home to buy. If not, you should get a mortgage pre-approval which shows the exact amount of loan that you are qualified for. It will help you know the type and size of the house that you can afford to buy. It will also help quite a lot when you begin negotiating with the seller.

Shop for a house

Given that you are not working with a realtor, you will have to go out of your way to find houses that have been listed for sale. You can find the relevant information from a variety of sources including real estate magazines, local newspapers, real estate websites, and online on classified sites. You can also drive through the neighborhoods where you might wish to buy the house, looking for FSBO signs that have the seller’s contact information. Once you get a house that you are interested in, contact the owner and ask any question that might help you in your decision-making.

Decide which options are best for you

ytghjgytgihujtugyhuOnce you have the potential houses to buy, you need to decide on which one to go for. Many factors will influence your decision, the main ones being location and price. Some of the ways that you can determine the value of a home without the help of a realtor are by hiring an appraiser for property evaluation, using home value tools on the internet, or through a comparative market analysis.

Actualize the deal

The final step is to make an offer to the seller and go through the negotiation process. Once you have a deal, hire a real estate lawyer to take care of all the legal work, including drafting the legal documents such as sales contract.…