The Most Important Reasons to Use a Realtor When Buying a House

If you’re looking to buy houses in Bergen County’s Bergenfield, Allendale, Bogota, or Alpine, you should look for a New Jersey realtor who has experience in helping home buyers in Bergen County. An experienced realtor can answer all your queries related to “how do we buy houses in NJ easily?” and even streamline the entire process for you. Even if you prefer to buy the house from homeowners that display a board outside their property stating “I want to sell my house NJ quickly”, partnering with a realtor would be highly advantageous.

How a realtor can help?

Here are the key ways a realtor can add value to the home buying process:

  • Help you select the most suitable neighborhood: Before making a big purchase like a home, you should take into account different aspects like safety, taxes, nearby schools, options to meet your needs and interests, etc. to choose the right neighborhood. With the help of a realtor, the job would become easier and faster than if you were to do it on your own.
  • Facilitate focused house hunting: By short-listing the right homes based on your budget and other criteria, a realtor can save you precious time and effort to show you a handful of houses that you are sure to love.
  • Connect you with a home inspector: A realtor would minimize your risks when buying a home by helping you connect with a home inspector. This would ensure you know the important aspects of the property, including major or minor drawbacks, if any, and can negotiate the price accordingly.
  • Secure financing: Getting the right financing option to buy your chosen home would be made easier when you have an experienced realtor to help and offer advice. This can be especially handy when your first application has been denied.
  • Drafting the offer: Your realtor would help protect you and your deposit by including contingencies while drafting the final offer.
  • Better negotiations: Your realtor would be better positioned to work with you as well as the seller to get better offers to ensure you get a good deal for the agreed amount.

Due to all these reasons, people trying to find an answer to “how do we buy houses in NJ fast and in a hassle-free manner?” and having their eyes set on an Allendale, Bogota, or Alpine property decide to work with an experienced Bergen County realtor.

Things to handle when not working with a realtor

What would happen if you decide not to work with a realtor? You should be ready to walk down a difficult path and deal with a lot of things, the key among which are as follows:

  • Get your mortgage preapproved: If you aren’t buying the home with cash, you’ll have to submit all necessary documents (such as tax returns, proof of income, employment history, bank account details, driver’s license, Social Security card, and information on debts) for mortgage preapproval.
  • Make an offer: To ensure your offer is acceptable, you’ll have to decide the right price that’s competitive and protect your deposit money by including all contingencies.
  • Negotiate with the seller’s agent: From the timing and closing costs to the amount of earnest money deposit, you’ll have to negotiate a lot of things with the seller’s agent.
  • Secure financing: After your offer is accepted, you’ll need to secure financing from a mortgage lender. If you’ve already got your mortgage pre-approved, you should work with the mortgage lender to transition from preapproval to full approval.
  • Request and assess the seller’s disclosure: You’ll need to research and assess the seller’s disclosure on your own to find issues listed with the home and remodel projects completed if any.
  • Hire a real estate attorney: The attorney would help you prepare the home purchase documents, ensure the title is clear, and facilitate the deal to be closed without any legal hassles.
  • Purchase title insurance: You’ll need to get it to protect yourself and your lender from unidentified faults with the title.
  • Getting ready for closing: Multiple things need to be synchronized by the closing date. Typically, your realtor would have handled these things to ensure all paperwork is ready to be signed. But when you don’t have one, you’ll need to triple-check to make sure the paperwork is ready for closing.

Do all these sound like an uphill task? Do you need an easier answer to “how do we buy houses in NJ?” If yes, you can simply hire an experienced Bergen County realtor.