Sage Realty Highlights the Benefits of Using a Real Estate Agent to Buy a Home
It is now the ideal time to enter the real estate marketplace, as home prices are rising across the country and an increasing number of properties are being made available to eager buyers. A recent Federal Reserve Bank of New York 2015 SCE Housing Survey found that 68.3% of current renters would prefer owning a home, with 8.2% of saying they would like to buy within a year and 15.3% looking to buy over the next two years. Holding these buyers back is the difficulty in navigating the real estate marketplace without a qualified real estate agent. In this article, the Sage Realty team looks at the benefits of using a real estate agent to buy a home.
Real Estate Agents can Help Buyers Obtain a Mortgage
Real estate agents often have experience working with mortgage brokers. They can help buyers understand their available financing options and narrow down the available possibilities. This works to limit the number of problems buyers face when they encounter the financing stage of the purchase process. It also means that buyers have a full suite of information before they speak with their mortgage broker. In the best situations, real estate agents help clients “shop” for the best terms from the most reputable and reliable lenders.
Real Estate Agents can Work with Those who have Low Credit Scores
One stumbling block preventing many from buying their ideal home is a low credit score. However, a qualified real estate agent can not only guide clients on the available homes for sale in their area, but also help select properties that are available given their current credit score. A real estate agent might also be able to offer guidance on improving a credit score in the lead up to the purchase process. They can help future homebuyers understand the various market options regardless of credit score.
Real Estate Agents Can Help Buyers Understand Their Down Payment Options
Many buyers are under the misapprehension that a 20% down payment is required to purchase a property. This can often prevent them from entering into the marketplace. It is important to note that a down payment as small as 5% can be used to purchase a property. However, those using a smaller amount for a down payment requires assistance from their real estate agent to understand the dynamics of the purchase process and the additional interest costs they will face in future.
Guidance from a trusted real estate agent can help homebuyers secure their ideal property and reduce their long-term home ownership costs. It could be the ideal time to enter the marketplace. To learn more, contact the team at Sage Realty directly via 610-687-4000 or visit their business website at .
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