Your real estate agent is one of your most valuable assets and allies beyond your lender, your spouse or partner, your extended family, and your therapist! throughout the whole process of buying a house. Real estate agents are very different, each with a different skill set, level of experience, and approach to how each one approaches her job.
Whatever strengths your real estate agent possesses, there are some definite things your agent should be willing and able to take care of for you, regardless. At NextHome Titletown Real Estate, we roll up our sleeves and have a “no problem, we will get it done” approach.
Someone to help with a virtual walk-through? Done.
Someone to meet the appraiser? You got it.
An extra set of eyes on color choices? Sure thing!
We have compiled this list of 5 things your agent is responsible for when buying a house in Boston. Whether you choose to work with us at NextHome Titletown Real Estate – and we hope that you do! – be sure your agent is helping in all of these areas.
1. Assistance in Finding a House and Researching the Area
When it comes to an agent’s responsibilities, the first thing that usually comes to mind is the agent’s assistance in helping you find the right house.
One of your agent’s top jobs is helping you identify your must-haves and your like-to-haves, and then finding a home that meets your specifications. Your agent should also find out about the area and then fill you in on such things as local market conditions, schools, and the personality of the neighborhood. The location is just as important as the house itself.
2. Negotiating the Best Deal
Your agent will perform a comparative market analysis to determine the fair market value of the property. Then she will advise you on what to offer and how to proceed in the case of counteroffers. While the market is typically the deciding factor in pricing, a good agent can negotiate the best deal and price possible.
3. Attending the Home Inspection
More often than not, your agent should be willing to attend the inspection. Even experienced inspectors can miss things, and many don’t accurately convey to buyers what they’ve found.
A good agent should keep an eye on the inspector and make sure what the inspection turns up is clearly spelled out. Your agent can also help with reading the inspection report and in determining what should be pointed out to the seller for further negotiations.
4. Negotiating Repairs Post-Inspection
Since most homes have at least some issue that should be addressed, after the inspection, your agent should help with requesting and negotiating repairs. Typically, you will try to negotiate for the actual repairs, a lower price, or other concessions. And your agent is best equipped to do this because she knows exactly how inspection-revealed problems affect the value of the home.
Home inspection negotiations usually involve a lot of give and take and back and forth, so you need to make sure your agent has expertise in this area. Just be aware that in a seller’s market, often you mind find your seller unwilling to offer additional compensation beyond the negotiated price since he might have other buyers willing to step into your spot. With a good agent as your negotiator in this stage of buying a house in Boston, you will be in a better position with the seller in requesting repairs, a price reduction, or concessions.
5. Finalizing for Closing
The final step in buying a house in Boston is closing. And closing involves many details and a mountain of paperwork, with a lot of loose ends to be tied up. That’s why so many things can go wrong and derail the finalization of the transaction.
Your agent should take care of all these details and tie up all those loose ends to ensure that closing comes off without a hitch. An agent is responsible for supporting you all the way through to the end.
As you can see, then, the role of an agent entails a good many important responsibilities – and there are more than we’ve listed here. So it’s vital that you hire a qualified local agent who has the experience to handle all these things when buying a house inBoston. And at NextHome Titletown Real Estate, we have the agents you need. To find out more, send us a message or call us today at (617) 657-9811.
Boston and Beyond – Just Hit the Market!
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.