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How Hiring a Realtor Can Actually Save You Money

Sammamish Mortgage
Published:
July 24, 2019
Last updated:
September 24, 2021
How hiring a realtor can actually save you money
In This Article

When it comes to buying a home, you may think that hiring a realtor could cost you a boat load. You may want to think twice! There are many benefits to working with a real estate agent because they are knowledgeable in the real estate market, skilled in negotiation, and there to help you through the home purchasing process.

Along with hiring a realtor to help you purchase a home, there are also realtors that specialize in selling houses, that you can hire to help you accurately determine the value of your home, market it, and close the sale. If you’re thinking about buying a home, we encourage you to download our homebuyer guide and to read on for more details about hiring a realtor.

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Real estate agents know what you should be paying.

You should feel confident while working with an agent to purchase a home because they will know how much you should be paying for a home based on its location and condition while keeping your budget in mind. Real estate agents may also know about home listings that are not yet public, so there is a chance that you could be one of the first potential buyers and possibly get a deal on the home.

Agents are also skilled in negotiation and may be able to get you a lower price for a home. For instance, if the home you are looking to purchase is appraised at a lower value than the listing price of the home your agent may be able to work with the selling agent to get you a lower price. He or she can work through a bidding war for you if you are competing with multiple buyers.

Real estate agents can help you with your home search.

Real estate agents have a wealth of knowledge about the real estate market that they can share with you to not only help you save money, but also help you save time and frustration as well. An agent will work with you to learn about what you are looking for in a home.

Based on your wants and needs, the agent will also be doing a lot of the home searching for you and will narrow your search to options that best suit your needs, which can alleviate some of the stress from hunting down that perfect home.

They will also know the details about choosing different neighborhoods within the city you are shopping in and be able to share insights about crime rates, the quality of schools, and the demographics of the area. That way you can rest assured that you are not only finding the perfect house to fit your needs, but also the right location for your home sweet home.

Not only will a real estate agent have knowledge of the market and location, like most sales people they will have a network of professionals that they will be able to share positive references for (or not so positive) to help you through the home purchasing process.

Agents may get you in touch with lenders, home inspectors, title companies etc. that they have worked with in the past and trust for quality work and exceptional customer service.

Agents will also be able to explain each step of the homebuying process to you and answer any questions you may have. He or she may also help you by being objective in your decision to purchase a home. See our 7 Steps to Get a Home Loan Infographic.

Hiring a selling real estate agent could save you money

When it comes to selling your home, you may think that working with a real estate agent could cost you a lot of money in commission and fees. Think again! Hiring a seller’s agent can really be worth it and help you save time and money.

First a selling agent has experience in the real estate market in your area so he or she will know about the relative home values and how to price your home to make sure you are getting top dollar for your house while the cost is low enough to attract buyers. A seller’s agent will also be able to manage a bidding war for you.

A selling agent will work to market your home through his or her marketing channels, whether this is through a real estate company’s website, print or digital ads, social media, or professional network.

The selling agent would also facilitate open houses or showings of your home to potential buyers. Without an agent, you would be stuck finding a buyer yourself which could take more time and a lot more energy than working with an agent.

Working with a realtor can also provide you relief because you will be walked though each step of the home selling process. Your agent is there for you to answer any questions you may have and help you with the transfer in ownership. He or she will also negotiate the home price with the buying agent to get you as much money as possible.

Finding the right realtor for you starts with finding a lender you can trust.

If you’re ready to buy your first home or your next home, make sure you find a realtor that you’re comfortable with. According to bankrate.com, here are some tips on how to find the right agent for you.

One of the first steps in the home purchasing process is working with a lender to determine how much home you can afford. That way you have a budget in mind to give to your agent to begin the home search.

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At Sammamish Mortgage, we have plenty of experience in the mortgage industry and a variety of mortgage programs to make your dream of homeownership come true. We have been helping borrowers in Washington, Oregon, Colorado, and Idaho, and we’d love to help you too. Take a look at our competitive rates and contact us today to get started!

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