Whether you’re buying or selling, a real estate agent is your go-to resource for all things related to property. They can help you find the right home, negotiate the price, and close on the deal.
They can also save you time by quickly searching MLS listings for properties that meet your criteria. Estate agents in Scotland can also notify you about new properties that are coming on the market.
Finding Mortgage Lenders
Often, real estate agents will recommend mortgage brokers to their clients. This is because they know the mortgage broker’s reputation, lending criteria, and mortgage products, and they can provide valuable recommendations based on their experience. Mortgage brokers that offer top-notch customer service will stand out from the crowd, and this includes being available for their real estate agent contacts outside of work hours, proactively communicating when they will be unavailable, and delivering great rates.
In addition, mortgage officers who are knowledgeable about local property values can help buyers understand the pricing dynamics of a market. They can also inform homebuyers about loan programs that allow them to put down 5% or no down payment, which can make it more affordable for first-time buyers. They can also explain how property taxes and schools affect home prices.
Often estate agents will recommend their own conveyancer, but it is important to remember that they do not always give unbiased advice. They have a vested interest in having the sale completed quickly because that will earn them their commission. They also have a relationship with the solicitors they recommend which will probably involve them paying referral fees and having a captive market.
They know the ins and outs of the property market and can help you avoid costly mistakes. They can help you get preapproved for a mortgage and guide you through the mortgage process. They can also act as your advance scouting expedition, allowing you to skip the open houses and spend more time looking at properties you love.
Home Insurance Providers
Real estate agents are knowledgeable about local real estate laws and can advise home buyers on what to look for when choosing a property. They can also recommend a home insurance broker. This is because mortgage lenders typically require proof of homeowners insurance before the closing date. This is a critical step, so you should work with an agent who is a member of the National Association of Realtors (r) and adheres to their strict code of ethics.
Real estate professionals know the average home prices, schools and neighbourhoods in their area better than anyone else. They can help buyers find the right property for their needs and negotiate with sellers and other agents on their behalf.