Most home buyers in the Mooresville and Lake Norman area work with a real estate agent. There are many reasons for this but the main ones tend to be that a real estate agent can expose them to more properties, assist them in the steps toward home ownership, help with negotiations, help protect their interests and it’s free for them. Many home buyers tend to feel much more comfortable having a professional real estate agent on their side.
This is important to remember when you are selling your home too. Many For Sale By Owner (FSBO’s) sellers don’t realize the importance of having a real estate agent working for them as well but that’s for another post. This topic is strictly dealing with the issue from a buyer’s perspective.
For the home buyer, they are getting ready to spend a great deal of money on a home they know nothing about. They are very excited and full of hope and dreams about their chosen new home. But they are also very nervous. For most of them, it is the most money they have spent in their lives. Their new home is their biggest investment and they want to make sure it is a good investment and is handled correctly. A buyer wants to make sure that all the proper inspections are ordered and taken care of. Then they need a real estate agent to help them negotiate the repairs. A buyer wants to make sure the home is not sitting on someone else’s land or that there are no survey issues (fence encroachments, etc.) There are other issues too like radon testing, most buyers feel much more comfortable having someone to help them mitigate these issues.
Buyers also have to think about financing and what’s the best option for them. A smart home buyer knows that a professional real estate agent can recommend financial alternatives. While real estate agents are not lenders and may not know everything about every type of loan, they know the basic programs and how to direct you to a lender who can help you with specific needs.
When it comes time for the all important closing, a real estate agent on your side can be priceless! A real estate agent can help explain all the forms and agreements to the buyer. But more than that they can assist in solving any issues that come up at closing and there are a lot of things that can and do come up at closings. Things like funds not coming in, terms on the loan not being right, last minute lender requirements, seller’s items not removed from the home, seller suddenly decides they can’t sell. These are all nightmare issues for buyers and they want (and truly need) someone on their side helping them through these issues.
Remember, in North Carolina, a transaction is not complete until the papers are signed, money is deposited and deeds are recorded. Anything and everything can happen along the way. A serious buyer who has done their research knows they need a real estate agent to help them navigate through the all to often rough waters of buying a home. With Alford Realty Group, you can have the confidence that you and your needs are being looked after. Contact us today to get started.