152,922 Real Estate Agent Stock Photos, Pictures & Royalty-Free Images - iStock

For both sellers and buyers, working with a real estate agent is beneficial for a multitude of reasons. Depending on what side of the transaction you’re on, the reasons why you should work with an agent will differ. What doesn’t change is the invaluable experience a good agent brings to the table. 

 

When it comes to selling, many people think they can save time and money by going at it alone, without a realtor. What’s interesting is that FSBO (For Sale By Owner) sales often are less than the homes sold by real estate agents. Granted, the homeowner saves on paying the realtor’s commission, but that comes with a cost (literally). 

 

Statistics show that only 11% of sellers actually succeed at selling on their own and for the ones that do, their sales are about 26% less on average than properties represented by an agent. 

 

A lot goes into selling a home that you may not even realize. There are many challenges and if you’re going at it on your own, navigating all of the moving parts can be difficult. 

 

Real estate agents do a lot more than just bring potential buyers. They know the in’s and out’s of both buying and selling and are invaluable for a multitude of reasons. Michele Haas, President of the Brooklyn Multiple Listing Service (MLS), points out the following ways in which real estate agents are instrumental in the overall process.

 

Agents have:

Extensive knowledge of the market

Professional networks

Negotiating skills

Understand required documents

Fiduciary responsibility

Can readily find and identify comparable sales

Can recognize possible issues with a property

Must live up to the standards required by their license 

 

Based on the above, we dive a bit deeper into just how working with an agent is beneficial. 

 

1,467,182 Time Stock Photos, Pictures & Royalty-Free Images - iStock

Time Consuming – Selling your home is a full-time job. Between fielding calls and messages for showings, hosting an open house, advertising, and all of the other minutiae that comes with listing a home, it’s an agent’s job to make sure it is taken care of. 

 

Experience – Real estate agents are trained for the job. They’ve studied and taken exams to become an agent and continuously refresh that knowledge with continuing education classes. They know how to navigate the market better than someone who isn’t in the business and their knowledge and experience can be the difference in getting a home sold quickly. 

 

How A Mortgage Broker Can Save You Time And Money | Bankrate

Pricing Advice – Agents understand the real estate market – they know the value of homes, they know the areas, and how to compare properties, all of which factor into pricing a home correctly. While you may have a certain number in mind, the price may not be reasonable. That’s why having an agent to research the comparable sales can help confirm if you are in the right price range. They know where to look and have access to this type of invaluable information. 

 

What they don’t possess is an attachment. As a homeowner, you’re attached to your home in one way or another. Maybe it is your first home, or where you raised your children. Because of reasons like these, it can be difficult to be objective and for many homeowners, it’s not easy to separate the two. That’s why having a real estate agent is important as they can help you to focus on the bigger picture and not get caught up in the emotional side. 

 

15,000+ Negotiation Pictures

Professional Negotiators – As hard as it can be to price your home correctly when you have an attachment to it, so can negotiating its worth. Real estate agents are removed from all of that. Their main goal is to get your house sold and if negotiations are involved, they aren’t going to hold onto emotional ties that will prevent them from making a good deal. Being removed allows agents to give you better guidance and advice. 

 

When it comes to negotiating, attention to detail is key. Your real estate agent knows what details need to be written into the contract. There are numerous documents involved in the process and having an agent to help navigate all of the paperwork is important, especially when questions or concerns arise, they can advise. This invaluable knowledge is helpful regardless of whether you are the seller or buyer. 

 

152,922 Real Estate Agent Stock Photos, Pictures & Royalty-Free Images - iStock

Fiduciary Responsibility – Agents have a fiduciary responsibility to their clients, they must put your best interest first. Whether they’re working on your behalf to sell your home, or help you purchase one, their loyalty remains with you. 

 

Network of Professionals – It takes a team of various professionals to get you to closing day. From home inspectors, to mortgage brokers, to attorneys, etc, a real estate agent has a trusted network of other professionals to help you every step of the way.  

 

If you are on the other side of the real estate process and are looking to purchase a home, working with an agent is just as important. Buying a home is one of the largest financial transactions you’ll ever make and you want to have an expert on your side. Real estate agents are tapped into their network and have access to various sites, like the MLS, to get the most up-to-date listings. 

 

Whether buying or selling, either side can benefit significantly from hiring a real estate agent. The reasons may be different but the end goal is relatively the same, to ensure as smooth and stress-free process as possible. 

533,688 Home Buying Stock Photos, Pictures & Royalty-Free Images - iStock

Congratulations, you’ve made the decision to purchase your first home and it’s an exciting time. You’re about to embark on one of the biggest financial decisions you will make in your lifetime so it’s important you understand what it is you’re about to take on. 

 

Information is power and educating yourself on one of the most important purchases beforehand will give you a clear understanding of what you’re getting yourself into before you actually do. The home buying process has a language of its own and taking the time early on to understand will put you ahead of the game when you officially begin your search. Don’t wait until it’s time to sign the contract to educate yourself on the process. 

 

Even if you’ve purchased before, it’s still a good idea to re-educate yourself and discover any new changes that have taken place in the real estate market. It’s a lot to wrap your head around but if you know what to expect then it doesn’t have to be as scary as you may think. 

 

Before you begin the search, it’s a smart idea to start saving early. Having a strong down payment is important. Not only does it lessen the amount of the loan, in some instances, the stronger the down payment, the better your chances of your offer being accepted, especially in such a competitive market. 

 

It’s also a good idea to find out your credit score and clean it up if need be. Credit scores typically range from 300 to 850 and while you don’t need a perfect score to get the best mortgage rates, there are certain credit score requirements you will need to meet in order to obtain a mortgage.  

 

To qualify for the best interest rates, prospective home buyers should aim to have a score of 760 or greater. However, the minimum credit score requirements vary based on the type of loan you’re going for along with who is insuring the loan so speak to your loan officer to find out where you need to be in order to secure funding.

 

Along with putting money aside early and cleaning up your credit, there are additional things to keep in mind as you prepare to jump into the home buying market. 

143,513 Mortgage Stock Photos, Pictures & Royalty-Free Images - iStock

How much can you afford? – A common mistake potential buyers make is house-hunting before knowing how much they can actually afford. 

 

“First they should get pre-approved so they know what they can afford,” explains Barbara LaBarca, Director at Brooklyn MLS and Broker/Owner at Coldwell Banker LaBarca.

 

Obtaining a pre-approval ahead of time is essential to the process. Why? Because you need to know the maximum loan amount you qualify for. You don’t want to have your heart set on a house only to find out you’re unable to afford it. Knowing the maximum amount you can spend will allow your agent to search for the homes in your range and save your time from viewing the ones that aren’t.  

 

And second, without a pre-approval in hand, it’s difficult to make an offer. Most real estate agents will not accept an offer to purchase without an accompanying pre-approval, especially in this competitive market. You need to come in strong, and that includes providing the documentation needed to show you can back up the offer you’ve made. 

Glossary of Mortgage Lending Terminology | Rocket Mortgage

Choosing the right realtor – Chemistry is key.  You’re going to spend a lot of time with your agent so you need to mesh. You’re about to embark on one of the biggest purchases of your life and you want to have a trusted real estate agent by your side. Your agent should be able to explain the ins and outs of the home-buying process, be familiar with the area(s) you’re looking to purchase in, as well as understand exactly what it is you’re looking for. Overall, they need to be immersed in the local market.

 

Referrals are a great way to find an agent. Ask around, talk to people you know who have already gone through the real estate process and ask them to give you an honest opinion on what their experience was like. 

 

And mostly importantly, you need to find an agent you can trust. Are they honest, and do they have your best interest at heart? It’s always a good idea to speak to at least three agents before choosing someone to work with. Once you find the right agent, remember to be honest and transparent about what it is you’re looking for so that from day one they can being finding you the right options.

25,048 Georgia Home Stock Photos, Pictures & Royalty-Free Images - iStock

There is no perfect home – It’s your first home and you’ve more than likely dreamed about the ideal place to put down roots. You don’t want to settle but before you start looking, it’s a good idea to write down the things you want out of your new home. 

 

What are non-negotiables and what are the aspects you can compromise on? No home is perfect and going into your search understanding that will make things easier. 

 

Maybe the home you fall in love with isn’t in the specific neighborhood you had hoped to move to, or the home in your chosen area is a bit smaller than you originally planned. Knowing what your deal breakers are ahead of time will make it easier to accept that the home buying process, and the home you choose, may not be 100% perfect, and that’s ok. 

10 Online Research Tools Every Online Learner Should Know About - eLearning Industry

Do your homework – Ask yourself, what type of home fits your needs, what are your homeowner goals, and what type of property will best fit your lifestyle. Once you have the answers, start reading up on the different neighborhoods, taxes, schools, local attractions. Anything that is going to impact your life in a direct way once you settle down in a specific home / area, should be a part of your overall search. 

16,013 Mortgage Securities Stock Photos, Pictures & Royalty-Free Images - iStock

Understand the buying process – There are a lot of moving parts to the home buying process so having an understanding of each is important. Even before you start looking, you’ll want to familiarize yourself with the different financing options available. Being informed could help you save money on interest, fees, and even your down payment. 

 

Knowing the different types of loans available will prove helpful when you sit down with your lender. Along with the conventional mortgage most people know about, other types of loans include the FHA, VA, USDA, Jumbo, and Adjustable Rate Mortgage loans. Each one has its pros and cons, and while they may not be right for everyone, understanding what is available will be helpful to the process.

 

“Besides their mortgage payment, buyers should consider that they will need to pay bills like 

their water bill, electric, and gas,” explains LaBarca. “Taxes and insurance are included in the mortgage.”

 

Choosing the right loan officer is as important as choosing the right agent. After your offer has been accepted, they will become the person you talk to often as they guide you through the next phase of the home buying process.

 

Whether you are obtaining funding directly from your bank, or working with a mortgage broker who serves as the middleman between lenders and borrowers, they should be able to help you in understanding the loan best suited for you, along with providing you the guidance needed when the application process begins. 

 

After you find a home, there are multiple steps (i.e home inspection, appraisal) that need to be completed before moving forward. This is when having a knowledgeable real estate agent is important. They will be able to explain these processes and continue to put your best interest first while these next steps take place. 

 

Buying a home can be overwhelming with many first time buyers dropping out of the market because they believe it’s going to be too difficult. The process does have its challenges, but with the right team in place, it doesn’t have to be as stressful as you envision. Working with the right people and educating yourself right from the beginning can make all the difference. 

It’s finally here, moving day! Whether you’re heading into a new home or apartment, the excitement, and stress that comes along with the process is one that cannot be avoided.

Did you know that moving is consistently rated as one of life’s most stressful events? It ranks right up there with death of a loved one, divorce, job loss, etc. Even if your move is a happy one, it doesn’t lessen the stress that comes along with it. It is still a massive disruption of your routine, combined with all that is familiar to you. And no matter how well you plan, that feeling will not change.

Now, you’ve spent weeks (maybe even months) planning and packing, so when the actual day arrives, you’re bound to be in overdrive. Along with all of things you’re going to have to take into consideration, if you’re a pet owner, add another item to your pre-moving check list.

If you think the process is tough, imagine just how stressful it can be for your pet. Dogs especially can easily become stressed out when there is unexpected activity in the home, or even when introduced to a new environment.

Animals are creatures of habit, and for them, change, no matter how big or small we think it may be, can be both confusing and stressful.

So while you’re planning out the specifics for moving day, it’s important to also plan ahead for your pet. In order to ensure he or she is relaxed, and safe, on the big day, we’ve compiled a few top tips to help make the move a success for all members of your family.

Contact your vet

If you’re moving out of state, or out of the local area, contact your vet to obtain your pet’s medical records along with any current prescriptions. Part of relocating involves finding new doctors and that includes a new veterinarian. Ask your current vet if they can recommend a new doctor before beginning to do so on your own.

Plan Ahead

Prior to moving, it’s a good idea to visit your vet. According to Dr. Rachel Barrack, Founder of concierge veterinary practice Animal Acupuncture, you should make sure your pet is up to date on all vaccinations. If you’re traveling by air, Dr. Barrack stresses the importance of checking with the airline beforehand to confirm all necessary paperwork prior to the day of departure. If traveling by car, make sure your pet is used to their crate and plan ahead for bathroom and water breaks.

Pack An Accessible Bag for Your Pet

Included in your pet’s to-go bag should be a leash, bowls for food and water, food, medications, wee-wee pads or litter box, bed, and favorite toys so when you get into your new home you won’t be rummaging through boxes, Dr. Barrack points out.

Keep pets away from the action

One of the best ways to help your pet remain calm is to keep them in a quiet area although that might not be possible on moving day. You don’t want them getting underfoot or accidentally getting out. A good idea to consider is either boarding for a night or two or doggy daycare. If that’s an option you’d like to explore, Brooklyn is home to a variety of options. A few local places include:

Keep in mind, before your pet is able to board or spend the day in daycare, most animal facilities require the animals go through an evaluation to ensure they’re a fit, and to protect the safety of all the animals already at the facility. All vaccinations will need to be up to date as well so make sure to find out from your veterinarian which ones your pet will need. And lastly, some months may be more popular than others at the facility, so once you have your moving dates, call to reserve your pet’s spot.

Move the house before you move your pet

Set up as much of your new home as best you can before introducing your pet to his or her new digs. Let them slowly adjust to their new surroundings. Re-introduce familiar objects and make sure to give your pup lots of attention in the process. You can even walk them from room to room to take in the new scents they’re sure to pick up on.

Update information

Once you’re settled, make sure to update your new contact information. That includes notifying your vet, ordering new ID tags, and if your dog is microchipped, calling the company and ensuring they have all of the new and most current information.

Stick to a Schedule

Dr. Barrack stresses the importance of sticking to a schedule once the move is complete. Even though you’re in a new place, sticking to their usual eating, exercise, and sleeping schedule as best as possible will help to minimize the stress.

Most pets love predictability and routine, so a move can throw them into a tailspin. Change can be confusing and stressful so be mindful of their needs as you prepare your move.

And most importantly, Dr. Barrack stresses the importance of being patient. Once you arrive at your new home, it will often take even the most well-behaved pets a few days to adjust to their new surroundings.  Consult with your vet as well on the best ways in which to ensure a smooth transition.

After almost three months of sheltering in place, many people have had quite a few realizations about their lives and what’s most important to them. Certain aspects that were once high on the priority list are no longer the case, and things that were at one time “a must have” are being replaced by different wants. COVID-19 brought about an unexpected clarity and many people are now jumping into one of life’s biggest changes and moving out of larger cities to settle down in more suburban areas. The pandemic and the thought of what life will be like post-COVID has finally convinced city dwellers to give up on big-city living.

 

The reasons for moving vary; some people are looking to be closer to family, others are in search of more space, and for some, it’s more of a necessity due to the high cost of city living. Some moves have been temporary but it seems as if those short-term stays are becoming more permanent.

 

Now, in the wake of the pandemic, nearly one-third of Americans are considering the move to less populated areas. Crowded cities are no longer as appealing as they once were and living amongst millions of people in such close quarters no longer offers the same romanticism it might have even a year ago.

 

Gone are the days of squeezing into packed elevators, crowded subways, cramming into small neighborhood bars and restaurants, or even the bustle of walking closely next to each other down the street. In today’s era of social distancing, the ways of city living that residents took as “normal” will likely never be normal again.

The things that originally attracted residents to “city life” are currently unavailable and even as they start to reopen, people are still hesitant. They want to stay away from confined spaces and refrain from sharing common areas and amenities in order to continue social distancing.

 

Not being able to access those luxuries that once were attractive brought about a clarity and changed people’s perspective on where they want to live. For some, the allure of the trendier neighborhoods is waning. Instead of stepping out onto a small balcony for a breath of fresh air, they’d much rather step into a more spacious backyard, especially as family and friends these days find gathering at home a much more viable choice.

 

Another big change has been for the employees working from home, many whom have never experienced remote working up until now. Instead of working out of a cramped, small space, if you’re not required to be on premise in the foreseeable future, why not seek out a home that offers enough square footage to potentially create your own separate home office? That appears to be the question many work from home employees are asking themselves right now.

 

These past few months have shown many companies that employees can indeed work successfully off-site. If remote working becomes the “new norm,” then the desire to live close to the office will no longer factor into one’s decision on where best to reside.

 

And while many residents are packing up and heading out of the city, that doesn’t mean one has to completely leave the state (unless that is you want to). There are many surrounding areas outside of the larger cities that offer more spacious living without having to completely forfeit some of the comforts you’re used to and still hope to one day enjoy.

 

What’s unique about Brooklyn is the fact that in addition to the neighborhoods that give off that “city” living vibe, areas like Dumbo, Williamsburg, and Cobble Hill, there are also neighborhoods such as Bay Ridge, Bensonhurst, Bath Beach, Windsor Terrace, and Dyker Heights, which offer residents an environment that is more residential. With both one and two-family homes on the market, potential buyers have the option of purchasing a home that will allow for family members to move in for that additional rental income.

 

Without moving too far, residents of Brooklyn who do not want to leave the borough but want the luxuries that come with owning a home can find the best of both worlds here. At times, certain areas may have been overlooked for the trendier neighborhoods, but with people looking for larger living space that is no longer the case.

 

Sadly, COVID-19 has instilled in people a sense of dread when it comes to being close to others, and with the uncertainty of what the future holds, along with the changes cities are experiencing, residents are making the conscious choice to head out and purchase now when interest rates are low.

Loading...