Have you saved up all last year, or planning to save this year to make a home purchase? Are you still a little anxious, nervous and confused as to what to do even when you have the money? Buying a home can be an overwhelming process. From financing to negotiating to closing, there are a lot of moving pieces that can leave homebuyers scratching their heads.
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One of the best ways to wrap your head around all of the small details is to find a great and experienced real estate agent to help you with the process. A real estate agent can help guide you through each step of the buying process, offering sound advice along the way. By working with a professional Philadelphia real estate agent who knows the ins and outs of the Philadelphia real estate market, you’ll not only end up with a great home, but you’ll also walk away with a great experience.
Here are 4 ways that a real estate agent can help you have an awesome home buying experience:
#1. Getting pre-approved by a lender
By providing your real estate agent with some basic information about your income, savings, and debt, they can assist you in getting pre-approved by a reputable lender. The lender will then go over your financing options, what monthly payment amount you can afford, and what you can expect for down payment requirements and closing costs.
#2. Choosing a home
For most buyers, choosing a home is an emotional process. An agent can assist you in this process by offering objective information about each property you look at. From local community information like schools and zoning to home-specific details like condition and amenities, an agent can help you find exactly what you’re looking for.
#3. Making an offer
Once you’ve picked your Philadelphia neighborhood of choice and found the home of your dreams, an agent will research recent comparable sales of similar homes in the area to help determine a fair selling price. Based on those comparable sales, as well as other factors like inspections and repairs, an agent will then help you structure an offer and negotiate to get the very best deal possible.
#4. Closing
Closing, or settlement, can be a complicated process. In some areas, the escrow or title company handles the closing process, while in other areas an attorney handles it. Regardless of where you’re buying, a real estate agent can help ensure that everything goes smoothly.
Until next time, stay awesome!
About Agent Lady: Cherise Wynne is a leading real estate agent in Philadelphia, helping home buyers and sellers navigate the City of Brotherly Love, with a special focus on first time home buyers. To chat about getting started with your first time home buying experience, click here.
