Whether you’ve never bought property near Blue Springs, MO before, or you’ve bought a hundred, there are some things about the real estate process that many buyers may be surprised to learn. While you should enjoy your purchase experience as much as possible, it’s important for home buyers to be savvy when it comes to real estate deals, so they don’t get the short end of the stick.
Only an Exclusive Buyer’s Agent Will Protect Your Best Interests
A listing agent is going to do everything they can to get you a good purchase price, right? Wrong! A listing agent lists properties on behalf of the seller, which means that’s where they receive their commission and where their interests are going to lie.
Consider the fact that divulging your financial situation to a listing agent will mean they know exactly where you stand in terms of making an offer on a property- you’re unlikely to get a good deal when the listing agent knows your limit and will push to achieve that.
The best way to have your interests protected when buying a home is to use an exclusive buyer’s agent like T.J. Lamb Real Estate. A legal contract is signed which binds your agent to only represent you as a buyer. They don’t receive commissions from sellers because they don’t list properties themselves. Instead, they have access to everything that’s for sale in the area you’re looking at, including ‘for sale by owner’ properties. You’ll get more choices, and you’ll have an industry expert fighting to get you a great deal every step of the way.
You’ll likely be surprised at the amount of money you can save when using an exclusive buyer’s agent, as your personal finances will be hidden from anyone who doesn’t have your best interests at heart.
Contracts Are There to Be Negotiated
There’s so much more to be negotiated on a house sale than just the purchase price. If you want to negotiate the inclusion of other things, then you can absolutely do so, particularly if you’re using an exclusive buyer’s agent.
Your agent will be able to advise you on situations such as waiving certain tests, or purchasing a property subject to a mortgage approval. These conditions can then be included in any contract you sign.
Local Happenings Will Affect Property Prices
Everyone likes to know that their property investment is a good one, even if they don’t plan to sell the home after they’ve bought it. If you want extra assurance that you’re making a sound investment, there are a few things you can do.
First, look at local happenings to make price predictions. For example, if the schools in the area where you want to buy real estate is doing particularly well, that’s an indicator that prices will rise as more families choose to move to the area for education. Additionally, as one area becomes popular, those areas on the fringes will naturally become more popular too, as people are priced out of the original location.
If you want additional advice on local happenings, you can speak to an exclusive buyer’s agent about this. While no-one can guarantee what will be a sound investment and what won’t, an agent will have advanced knowledge about the areas you want to purchase a property in. They’ll likely have seen trends in price rises and falls, and be able to help you locate a property that fits all your investment requirements.
Are you surprised about these aspects of the real estate buying process? If you’ve made the decision to buy a home, and have any questions about how to proceed, the best thing you can do is to contact T.J. Lamb Real Estate, an exclusive buyer’s agent serving the Greater Kansas City, Overland Park, and Blue Springs areas. This will ensure you’re being protected right from day one, and you’ll have a positive experience throughout your purchasing journey. Call today, (816) 224-4393.