There’s a lot to buying a home in the Reno, NV area and you want to make sure you get it done right. When you select your real estate agent, you’re putting your trust in the person who you believe can find you the right home and come away with a good deal for you. Certainly you could go at it alone, and if you know what you’re doing or have friends who are experts in real estate selling or investing, you might buy at a better rate. But if you’re a first time home buyer and don’t have acquaintances who could guide you, you would probably be better served hiring a residential real estate agent reno nv.
How You Can Vet Your Agent
There are always questions you should be asking the agent before you head out into the market to make sure you’re going in with a plan and can get a favorable closing on the property you’re interested in. Plus you want to make sure they know how serious a buyer you are, and that they understand where you’re coming from. Here’s a few questions you should lay out when having your initial consultation with them:
1. How well do you know the specific area where the listing is?
2. What’s your list-price-to-sales-price ratio?
3. Can you recommend other professionals such as home inspectors, title agencies, mortgage brokers and other parties?
4. Can you give a preview of the documents that will need to be filled out and signed?
Most agents will be very happy to go over these questions and explain why their services are set apart from their competition. Pay real close attention to the kinds of fees and commissions they charge.
Buying A For Sale By Owner Property Through An Agent
Generally, the price negotiation on a home sale is done through the buyer’s agent and seller’s agent reaching a mutual agreement which you can either accept or turn down. But in the case of a for sale by owner property, things can change a bit as this article mentions. You need to keep in mind that the fees for an agent helping you buy directly from the owner may be a little higher since they may need to take on a few extra tasks that the listing agent would have normally done. But if they are working with you, you will want to have a purchase contract drawn up to figure out who pays the agent’s commission, and you’ll want to have a complete home inspection done especially if the home is being sold “as is”. The right real estate agent can usually get fair deals on FSBO properties and let you know if the owner could be selling a property in bad faith.
The bottom line is getting a good buyer’s real estate agent can help you avoid many pitfalls that come with buying nice residential properties. They can help you stay focused on the business side of buying and avoid letting your emotions dictate the aspects of the sale. While agents certainly care about their financial bottom line, good buyer’s agents will do what they can to find the loopholes for a lower buying price.