Real estate is a confusing industry that requires sufficient knowledge and experience to navigate. That's why it's essential for people to work with a real estate agent when buying a home. Most people don't have the time or desire to learn the ins-and-outs of real estate, which is where real estate agents and exclusive buyer’s agents become a big help. To ensure you're getting a good deal on a home, you need to do these three things before buying:
Negotiate the Contract
New homeowners don't realize the contract they're offered isn't always set in stone. It's only permanent once you sign it. You're allowed to negotiate the terms BEFORE signing the document. Read the contract and negotiate any areas that are important to you.
Hire an Exclusive Buyer’s Agent
If you were to only follow one real estate tip, this would be the one: hire an exclusive buyer’s agent. An exclusive buyer’s agent only has your best interests in mind. His/her responsibility is to represent you in a real estate transaction to ensure you don't overpay and get the best deal possible. Exclusive buyer’s agents are on your side as they do not represent sellers or accept listings.
Consult with a Trusted Real Estate Agent
Thirdly, you should work with a trusted real estate agent. Purchasing a home is too large of an investment to leave in the hands of someone you don't feel comfortable with. A good real estate agent protects your interests and guides you throughout the process of buying a home.
When you're ready to buy a home, find a trusted real estate agent, hire an exclusive buyer’s agent, and negotiate contracts. Doing these three things will ensure you're happy with your final decision.
6 must-do's before buying a home, Bankrate.com
10 Things You Absolutely Need To Know About Buying A Home, Forbes.com