Whether you live in St. Louis or relocating to the city, you will need to buy a house. Searching for the right home can be stressful if you don’t know the city. Working with a realtor is the best way to find the perfect place for the right price, efficiently and fast.
Real estate agents can guide buyers by identifying homes which meet their needs, negotiate a sale price, pay attention to contract related issues and help close the sale.
- Attention to customer needs: The first step is to find out what a buyer wants – type of home, neighborhood, amenities, price, school districts, property tax and so on.
- Loans: A realtor can help clients buy a house of their choice in St. Louis by offering a list of lenders. Realtors don’t get commissions from referrals to lending companies. Buyers will pre-approved loans will find that the process is smoother.
- Home visits: Realtors meet buyers at a prearranged location and then shows properties which meet their criteria. Buyers should make notes about their likes and dislikes. Taking pictures will help in remembering houses which make the cut.
- Insider information: Realtors regularly call up friends in their network to find out if there are homes, which might interest their clients. It is a win-win situation for all the parties concerned.
- Buying process: When a buyer is convinced that they have found the right home, the agent will prepare a comparative market analysis which helps in finding the right price based on comparable homes sales.
- Contracts: Most realtors have licenses that give them the authority to complete sales contracts for a client. Some of the items to consider during this process are buying price, earnest money, financing terms, home appraisal, inspection reports and issues to be fixed, clearing the title to a home and fixing the closing date.
- Inspections are mandatory and the recommended ones are the termite, environmental, and structural inspections. Realtors usually accompany buyer and negotiate what has to be fixed or replaced before closing the sale.
- Before closing on a home, the mortgage application has to be completed. Lenders accompany the client to a closing.
- Before closing on a home, the realtor walks through the home to check the condition of the property. Utilities and property keys are transferred to the new owner.
Buying or selling a property involves a lot of analyzing, understanding crucial factors that affect the valuation of real estate. A small slip could cost a lifetime’s worth of savings. If you are unsure of even the smallest thing in the process of buying or selling your property, it’s best to consult professionals.