If you thought the last year was a crazy year in real estate, the next is shaping up to be even crazier. The pandemic is causing people to re-think their needs, and the work-from-home trend is allowing many to move further from the office. In fact, if you want to buy a single-family home in a suburban or rural area, it's a seller's market. Houses are selling fast and for well above the asking price, creating a home-buying frenzy that requires the expert hand of a buyer's agent to guide you through.
Knowledge of the local market is essential.
With houses selling in days instead of weeks or months, you need an experienced agent who knows the local market. Their expertise can help you evaluate homes quickly and make decisions under pressure.
Buyer's agents are expert negotiators.
Real estate in the United States is headed for a perfect storm. With record low inventory, historically low mortgage interest rates, and incredibly high demand, buyers are scrambling to buy a home — any home — across the nation. In Salt Lake City, for example, 90 percent of the homes end up in a bidding war with multiple offers received, while homes in Portland are selling for 100K over the asking price.
While this is a boon for sellers, it is crucial that buyers work with an experienced agent to get the house that they want. Multiple offer situations can be stressful but, with the right agent, you can be the buyer that comes out on top.
A buyer's agent is not emotionally attached.
You are buying into a dream. Your agent is conducting business. In this crazy market, you need that level-headedness to keep you from bidding over your budget, as well as from getting too upset if you lose a house to another bidder. It is your agent's job to make sure you dust yourself off and continue moving forward until you close on a house.
Working with a buyer's agent is free.
The best reason to work with a buyer's agent is that their commission is paid with the seller's proceeds. Yes, you read that correctly. It is free to work with a buyer's agent. The commission that the listing agent collects at closing is split (usually 50/50) between the listing agent and the buyer's agent.
2021 is the year of the buyer's agent. You need to work with one now more than ever. For more information, contact a local real estate office, like Eliason Realty.
Share28 April 2021
Do you absolutely adore your home, but are planning an upcoming move due to a career change? If you’re moving in the near future, you might desperately desire to sell your current home as soon as possible. To help you accomplish this important task, consider hiring an experienced, real estate agent in your community. This individual can help you select the perfect selling price for your house. Your real estate agent can also provide valuable information about staging your home to perfection. For instance, to make your home more inviting, your real estate agent might suggest you purchase new bedding, window treatments, and artwork. On this blog, I hope you will discover how a real estate agent can help you sell your home fast. Enjoy!