For anyone looking to buy a home in Norman, handling such a big transaction can be overwhelming especially if you’re not familiar on how it works. From finding the right place to knowing what paperwork is involved and legalities, visiting ten different house viewings in complete opposite areas in one day, these can be a bit of a headache and time-consuming process. This is why the majority of the states in the USA, including central Oklahoma, offer professionals who can do all of this for you, and more.
They are known as – Realtors.
What is a Realtor?
These individuals, who are also knowns as real estate agents, are typically certified members of an appropriate authority, such as the National Association of Realtors (NAR), and which they need to abide by their standards and policies. They also need to be fully aware of the association’s code of ethics at all times. This profession is not limited to only the real estate services but can also extend to other facilities such as sales, property management, appraisers, and commercial or residential brokers. Further about this can be found online.
Out of all the 1.4 million members across the USA, over 60% of them are licensed agents. This may sound surprising, but it is good to know that not all of them will be licensed and make sure to verify this first before working with someone. As mentioned above, they need to abide by the code of ethics too, this means they need to be honest and transparent when working with clients and have their best interest at heart especially during transactions.
In terms of how the services provided by these agents will help you when looking to buy a new home, the below information will give you a good idea of how they can lend a helping hand.
How A Realtor Can Help You Buy A Home
In today’s world, everyone is looking to cut costs at every chance they can get and the property market is no different. With the recent economic instability and volatility of both buying and selling prices of houses, one can get very confused as to when is a good time to buy, where to do it, or how to go about doing it.
This is why hiring some help is the best thing to do, and the much quicker and easier option if you are looking to buy a place fast. One can take a look at some of the advantages of hiring them here: https://home.howstuffworks.com/real-estate/buying-home/10-benefits-of-using-a-real-estate-agent.htm There are tons of benefits they can provide you, and we will mention 3 of the most common ones below.
They Are Experts in Pricing and Negotiations. Of course, this is one of the main decision drivers when buying a house – the price. Agents are professionals in their field because one of the things that they can do, that many cannot, negotiate an ideal buying price for the property. Dare we say an “unemotional negotiation” at that.
This is because they know what to look for, and can tell how much a place is worth just by viewing it. They can easily tell you whether something is overpriced or under-priced, and this is a huge advantage because they won’t need to show you tons of different places but instead, will go with a few specific ones based on your budget, cutting the viewing times in half in comparison to if you had to do this yourself.
They Are Geniuses at Paperwork. Seeing as they may have been doing the same thing dozens of times and selling and buying properties for their multiple clients, they are possibly the best people to handle all the paperwork too. A lot of the legal jargon can be difficult to understand, and they are there to explain everything to you so you know what you’re signing.
These types of transactions can have a lot of paperwork from solicitors, mortgage brokers, homeowners, you name it. To add to the pressure, often the offers from homeowners selling their houses can have limited time or cut-off date, which means if you like the place you need to move fast through all the paperwork, and who better to do this than the ones who are in the business of it?
They Are Experts at Codes. Those who buy property sometimes wants to do some renovations to it, either in the front yard or the roof, and even the sides of the house to make it larger or add extra features.
There is nothing wrong with doing this, except that, depending on which city you live in, this may or may not be allowed by the planning permission of the region. Services such as The Stiles Company – Norman Realtor, for instance, will know the codes of these local zoning regulations, and it can be difficult for many to understand on their own, let alone know about.
Even things such as building a fence around the grounds, need to be approved before any work starts, and the agents know all about this and can help you choose the one that allows you to build a home from a house.
As you can see, there are a few things that will make your life a lot easier if you hire a realtor to deal with your preferences, rather than straining yourself to do so.October 17, 2020