5 Mistakes a Good REALTOR Would Never Let You Make When Buying a Home

A competent REALTOR will assist you in navigating the home-buying process and prevent costly blunders. Before further discussion, we should first understand who a realtor is. 

Who is a realtor?

A REALTOR® is a licensed real estate professional who belongs to the National Association of REALTORS® (NAR), a trade association for the industry. The word "REALTOR" is a registered trademark of NAR and identifies someone who abides by the association's strict code of ethics and is a group member.

On behalf of their clients, REALTORS purchase, sell, lease, and manage properties in various facets of the real estate business. They work with buyers and sellers, providing valuable guidance and industry knowledge during real estate transactions. 

When working with a REALTOR, you can expect a high level of professionalism, adherence to ethical standards, and dedication to protecting the best interests of their clients.

The following five errors in home buying are ones that a professional REALTOR would never permit you to make.

1. Overlooking a Home Inspection: A professional REALTOR will emphasize the significance of a complete house inspection to detect any underlying faults or prospective concerns with the property. They will ensure that you have a certified inspector and will study the inspection report with you to assist you in making an intelligent choice.
2. Skipping Pre-Approval for a Mortgage: A professional REALTOR would advise you to be pre-approved for a mortgage before looking for a home. They recognize the significance of understanding your budget and acquiring a pre-approval letter to boost your offer and demonstrate your buyer's seriousness.
3. Not Considering Resale Value: A professional REALTOR will assist you in determining the future resale value of a home. They will look at location, neighborhood trends, and property quality to ensure you're making a solid investment and have a high chance of selling the home.
4. Ignoring the Neighborhood and Surrounding Amenities: A competent REALTOR will highlight the value of the area and the conveniences close by. They will help you determine whether the region fits your lifestyle and long-term objectives by evaluating aspects such as school districts, accessibility to facilities, transportation, and future development plans.
5. Failing to Negotiate Effectively: A smart REALTOR will know how to negotiate on your behalf. They will do market research, analyze comparable sales, and utilize their skills to assist you in presenting a competitive bid and negotiating favorable pricing. Throughout the bargaining process, they will protect your interests.

Remember, the role of a good REALTOR is to be your advocate, providing valuable guidance and expertise to help you make informed decisions and avoid costly mistakes when buying a home.