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Posted in: Buying a home, First time homebuyer tips

Benefits of hiring a real estate agent when purchasing a home

Benefits of hiring a realtor home buying

Buying a home should be an exciting time - for many, this is the most expensive and rewarding investment they will make in their lifetime. While it’s possible to buy a home without the help of a REALTOR®, completing this major transaction with the help of a real estate agent can provide a professional, smooth experience.

One major benefit of using an agent is their access to a larger inventory of properties. As licensed Realtors, all Edina Realty agents have access to the Multiple Listing Service. The Multiple Listing Service, or MLS, allows our agents to access properties that have been listed by Edina Realty as well as our competitors. Additionally, Edina Realty agents have a vast internal network of more than 2,300 fellow agents.

In addition to listing access, agents also have experience and valuable knowledge about our current housing market. Seven years ago, the housing bubble burst and the market has been inching toward recovery over the last two years. What does this have to do with you? Plenty! Your mortgage rate and total loan amount will depend partially on your credit and finances, and partially on the housing market. An Edina Realty agent can help explain the nuances of market conditions, home prices and mortgage rates so you feel confident you are getting the best home for your money.

While you may find it awkward to ask a seller a question about their home, your agent will have no problem requesting necessary repairs or negotiating prices. Additionally, a real estate professional will clearly explain which repairs or negotiations are worth requesting, and which should be “let go” to avoid losing the home.

Even in the technology era, buying a home requires a lot of paperwork.  A real estate agent can provide peace of mind as you weed through forms and jargon that can be confusing even to the most educated homebuyer. Additionally, your Realtor will work to smooth out any issues that could arise during closing – leaving you calm and able to enjoy your first minutes of homeownership!

Not ready to work with an agent yet? The Edina Realty customer care team can help answer your preliminary home buying questions. Reach out today with any questions you have.

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Status Definitions

For Sale: Properties which are available for showings and purchase

Active Contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Contingent and Pending statuses may not be available for all listings