Over the last couple of years, we've seen record low inventory, significant demand, and low-interest rates, which have created an unprecedented seller's market. While rising rates are expected to cool things off a bit, sellers are still very much in the driver's seat.
However, our real estate agents say buying a home in this market isn't impossible. Buyers just have to adjust their approach. It's also never been more important to have an experienced real estate agent in your corner. An agent is critical for navigating the complexities of today's market and avoiding costly pitfalls. Here's why:
- See Listings As Soon As They Hit The Market
Properties aren't sitting on the market very long these days, which is why you'll want to get in to see them as soon as possible. Your agent can let you know the minute a property hits the market. The multiple listing service (MLS) website, which is only available to real estate agents, can be configured to send you an email the moment a listing matches your criteria. Speed is essential when it comes to booking home tours, and you can rely on your real estate agent to battle for an appointment time. Your agent may even be in the loop on new properties before they hit the market and can get you in ahead of the competition. For example, if you'd like to schedule a tour of one of these Bradenton homes for sale, a good agent can get you in to see one today.
- Help You Spot Potential Pitfalls
It's hard to spot potential problems during a 15-minute home tour. As a buyer, you'll likely spend the time trying to envision yourself living in the space. Therefore, you can rely on your agent to be an experienced second set of eyes that can help you spot problems, costly pitfalls, or other elements of the home that you may overlook.
- Draft A Competitive Offer
To win a bidding war these days, buyers often have to get creative. Your agent can help you draw up an offer that stands out from the competition. Whether it's waiving inspections, increasing earnest deposit, or determining the right offer price, an experienced agent likely has a good sense of what it'll take to "win" the home.
- Administrative Tasks
There is a lot of documentation involved in the home closing process. It's important that you have an experienced real estate professional in your corner to help you wade through the paperwork. Your agent can take the time to walk you through the various documents, so you know exactly what you're signing.
- Coordinate Inspections
Your real estate agent has a wide network of industry contacts, so they can refer you to reputable inspectors, contractors, and other service providers who can help support the transaction. They'll also work to schedule these appointments on your behalf.
- Negotiate On Your Behalf
Most real estate transactions involve some negotiating. Whether it's contingencies, repairs, or the final sale price, negotiating terms takes time and energy. If you're in the market for one of these Sarasota homes for sale, you want someone in your corner who knows what they're doing.
Buying a home is challenging in today's market, but a good agent can help you find success. Contact us today to start exploring local listings.