Finding and purchasing a Waterloo Region home involves more steps and complications than most buyers realize. A real estate agent who serves as a buyer’s representative can be an incredibly beneficial resource, helping you navigate the entire process. But you may have heard that you don’t need one. Do you?
There is certainly no rule that says you must have a buyer’s agent. It’s perfectly possible to go it all alone. But there are however, a lot of good reasons that you might want to consider working with one. Here’s a partial list – and yet it’s still quite an extensive one – of everything a Waterloo Region buyer’s agent can do for you.
Help You With Financing Arrangements
Before any prospective homebuyer begins to look at properties for sale in the Waterloo Region – or anywhere come to that matter – they need to have their finances, and their financing, in order.
Being pre-qualified for a mortgage and prepared with a downpayment and the money to cover other costs means sellers take you – and any offer you might make – far more seriously and you will be ready to swing into action right away when the right property does come along. And this is the first place a Waterloo Region buyer’s agent can help as they can do all of the following:
- Help you locate great sources of mortgage loans.
Help you examine how much you can afford and how much you may want to spend.
Assist you in comparing different financing options.
Provide information on local purchasing incentives that may be available.
Help You Find the Right Property
You can shop for homes alone, buy working with a buyer’s agent offers you all of this extra help:
- We can help you identify your real needs and wants in a property.
Find appropriate available properties.
Set up an automated email alert system that immediately notifies you of properties that fit your requirements.
Sort through inaccurate information about homes in the area.
Provide ready access to all MLS-listed properties.
Network with other agents to help you see properties not yet in the MLS.
Preview properties prior to showing.
Help select for viewing only those homes that fit your needs.
Aid in narrowing your search until you have identified your top choices.
Assist you in analyzing the pros and cons of each property.
Disclose to you all known latent material defects.
Assist you in evaluating properties for suitability, affordability, and resale value.
Educate you on whether it is a buyer’s market or a seller’s market.
Show you statistics on what percent of list price the sellers are currently receiving.
Show you trends, current average days on market, current absorption rate, and/or current months of inventory.
Guide you through making an offer and represent you and your interests in negotiations.
Get You to Closing and Serve As Your Trusted Real Estate Resource
The usefulness of a buyer’s agent does not end when an offer is accepted on the Waterloo Region home that’s right for you, as we can still offer you all of the following:
- Handle the completion of the offer to purchase or sales contract.
Educate you on the contents of the sales contract.
Ensure that all appropriate additional forms are completed.
Recommend inspectors, lenders, attorneys, and other professionals as necessary.
Be an advocate and advisor during the closing process.
Review and discuss home inspection concerns.
Monitor and communicate required contract deadlines to ensure that you meet them.
Assist in coordinating communications between the listing agent, lender, attorneys, title company, appraiser, and other professionals.
Accompany you on the walk-through prior to closing to ensure the property is in the same condition as when you entered into the contract.
Remain a life-long trusted advisor regarding real estate questions, needs, or concerns you have as you move forward in your new life!