Your real estate agent can be a valuable asset and ally throughout the whole process of buying a house. The problem, though, is that agents are very different, each with a different skill set, level of experience, and approach to the job.
Still, there are some definite things your agent should be willing and able to take care of for you. To help you choose the best agent for your needs, we have compiled this list of 5 things your agent is responsible for when buying a house in Los Angeles.
1. Assistance in Finding a House and Researching the Area
When it comes to an agent’s responsibilities, the first thing that usually comes to mind is the agent’s assistance in helping you find the right house. For buying a house in Los Angeles first means finding that house.
One of your agent’s top jobs, then, is helping you get clear on your must-haves and like-to-haves and then finding a home that meets your specifications. Your agent should also find out about the area and then fill you in on such things as local market conditions, schools, the personality of the neighborhood, and so on. The location is just as important as the house itself.
To find out more about how your agent can assist in this way, just call 562-881-9811.
2. Negotiating the Best Deal
Another extremely important role of your agent in buying a house in Los Angeles is negotiating the offer and the best deal possible.
Your agent will perform a comparative market analysis to determine the fair market value of the property. Then she will advise you on what to offer and how to proceed in the case of counteroffers. While the market is typically the deciding factor in pricing, a good agent can negotiate the best deal and price possible.
3. Attending the Inspection
More often than not, your agent is responsible for and should be willing to attend the inspection. Even experienced inspectors can miss things, and many don’t accurately convey to buyers what they’ve found.
A good agent, then, should keep an eye on the inspector and make sure what the inspection turns up is clearly spelled out. Your agent can also help with reading the inspection report and in determining what should be pointed out to the seller for further negotiations.
4. Negotiating Repairs Post-Inspection
It’s simply a fact that most homes have some problems. So after the inspection, your agent should help with requesting and negotiating repairs. Typically, you will try to negotiate for the actual repairs, a lower price, or other concessions. And your agent is best equipped to do this because she knows exactly how inspection-revealed problems affect the value of the home.
With a good agent as your negotiator in this stage of buying a house in Los Angeles, you can safely assume that the seller will make the problems right with repairs, price reduction, or concessions. Home inspection negotiations usually involve a lot of give and take and back and forth, so you need to make sure your agent has expertise in this area.
5. Finalizing for Closing
The final step in buying a house in Los Angeles is closing. And closing involves many details and a mountain of paperwork, with a lot of loose ends to be tied up. That’s why so many things can go wrong and derail the finalization of the transaction.
Your agent should take care of all these details and tie up all those loose ends to ensure that closing comes off without a hitch. An agent is responsible for supporting you all the way through to the end.
As you can see, then, the role of an agent entails a good many important responsibilities – and there are more than we’ve listed here. So it’s vital that you hire a qualified local agent who has the experience to handle all these things when buying a house inLos Angeles. And we have the agents you need. To find out more, send us a message or call us today at 562-881-9811.