In the real estate industry, there are a lot of misconceptions that make buying a home difficult and complex. As a buyer, you deserve a straightforward process that is easy to manage. You can exhibit confidence going into these negotiations by knowing several real estate fallacies that have been known to trip up some buyers.
The Market Will Only Go Up
Increasing home values seem to occur in almost every market, making it difficult for buyers like yourself to find high-quality, affordable homes. Yes, recent economic downturns have affected home prices, but this trend doesn’t last indefinitely. Prices have actually fallen several times throughout the 90’s and early 80’s.
Just recently, mortgage rates fell to 4 percent at the beginning of 2016 and record lows were nearly recorded during the summer. This is good news to buyers trying to enter the market without spending a fortune.
The truth is, you can never predict how the Overland Park housing market will go. Sometimes, it goes up and other times it falls. What you can do is understand your financial situation and assess the market conditions in the area you plan on buying.
In addition, you don’t need to follow the herd of other buyers. Simply because they aren’t seeking properties because of mortgage rates doesn’t mean you can’t find a great deal. Just focus on keeping a secure job, living in an area for many years, and researching the area’s state of economy.
The Agent Only Represents You
When buyers use real estate agents, they think the agents only serve the buyer’s interests. This isn’t always true. Indeed, some agents work to serve both interests, the seller and the buyer. This is why hiring an exclusive buyer’s agent is critical for a buyer looking at homes for sale in areas like Overland Park, KS.
As the title suggests, an exclusive buyer’s agent represents only the buyer in a real estate transaction. Because of this, you share a fiduciary relationship with us that includes many duties: disclosure, loyalty, obedience, confidentiality, and accounting, to name a few. You don’t have to worry about us going to the seller and preventing you from getting the best deal possible. This level of protection is hard to find with other types of real estate agents.
T.J. Lamb Real Estate is an exclusive buyer’s agency serving the Kansas City Metro area, including Overland Park KS and Blue Springs MO, meaning we only work in the best interest of home buyers, 100% of the time. Call us today or fill out our short form.
There’s a lot of confusion involved in buying a home. As long as you do your research and consult with the right professional, you shouldn’t find difficulty in choosing the perfect home.