When you transact with a home seller, they will likely have a team of professionals that inform, aid, and guide them in the process. These professionals make sure sellers get a good deal out of their property.
As the buyer, you need your own team, to make sure you get the home you want at a fair price. Learn who to keep in your home-buying team and the roles they play in helping you.
Mortgage Broker
A mortgage broker works independently of lenders. They prioritize your needs in the home buying process, finding a loan plan that works for your financial situation. They educate you on the different types of mortgages and help you obtain the necessary paperwork for your desired financial model.
Lender
A lender provides you with financial assistance to pay for your dream home. When deciding on what kind of lender to work with, consider one who offers the type of mortgage plan your broker proposed.
Home Inspector
A home inspector looks at the property’s condition, identifying unseen issues that will require repairs or replacements, and calculate the cost estimates. You may use the information they provide to negotiate with the seller—either ask them to do the repairs themselves or have them lower the asking price based on potential post-sale repairs on your part.
Lawyer
A real estate attorney makes sure all details and legalities are covered before you sign the contract. They review the purchase agreement to help you understand it better, especially when it comes to the legal jargon. Additionally, a real estate lawyer will represent and protect you in case you face legal problems during and after the home-buying process.
Accountant
An accountant is your partner in making sure you make smart money choices in the purchase. They check all the numbers and claims to make sure you are not being overcharged by the seller. An accountant also handles the documentation involved in taxes and interest rates.
Real Estate Agent
A real estate agent is often viewed as the seller’s representative, but they can also work with buyers to find properties. They have unparalleled access to resources and connections that can help you find the ideal home. They keep your budget and preferences in mind when looking for listings to streamline the process.
Buying a home is a huge undertaking and it can be overwhelming when you’re unfamiliar with the process. Fortunately, these professionals are ready to offer their services. Identify and hire your home-buying team to enjoy the benefits of a professionally backed purchase.
