Finally being able to buy your dream house after years of working hard for the money can be the most rewarding experience of your life. However, while it sounds easy enough to buy a new house because you can already pay for it, the reality could hit you hard. It is why it is highly recommended for first-time Ellicott City homebuyers to prepare, do thorough research, and hire a real estate agent to guide you through the process. In this article, you will learn proven home buying tips that can help you make your purchase one of the most satisfying achievements of your life.
Hire a Real Estate Agent
In today’s Maryland real estate market, you have many options to find your dream home. You can browse the Internet for online listings, or you can attend countless open house invitations. However, these methods can take time, as where hiring a real estate agent can streamline the process. Below are just a few of the perks of hiring a Howard County Real Estate Agent.
Based on the research conducted by the National Association of Realtors, in 2019, homebuyers that hired the help of a local real estate agents account for 16%. This number is a far cry from the 44% of homebuyers who searched online. Interestingly, it has been found out that 89% of homebuyers completed their purchase with the help of real estate agents and brokers.
You can read the full article about Ellicott City Homes for Sale Here.
Should I get a real estate agent?
Buying a house without a real estate agent can be very tricky, especially when not knowing the current market. A real estate agent can help you navigate the confusing world of Home Buying and also help you negotiate the best possible fit for you and your family.
Should I first find a Mortgage Lender?
A lender can be a great place to start! This will give you an idea of what your overall budget will be and how expensive your monthly mortgage payment will be.
Why are they selling this house?
Nobody wants to buy a home with a bad history or hidden problems. This is why a home inspection by a reputable inspector is key with every home purchase. Most realtors will setup a home buying deal that is contingent on the home inspection.
What is a competitive offer?
Good question! A competitive over will need to be discussed directly with your real estate agent as every home, and every market is different. Sometimes we can get an estimate based on how long the home has sat on the market, however this is best to discuss directly with your agent.
Does the seller respond quickly?
This can vary, depending on how many offers the seller is considering, to frankly how busy the seller may be. If they are working directly with an agent the process tends to go faster as there is a constant point of contact that can be reached.