Top 9 Reasons To Hire A Local Buyer’s Agent When Buying A House in The Gambia.
Buying a house is a very exciting time and one that buyers should prepare for. Making a mistake when buying a house can lead to many future headaches.
Buying a property in The Gambia brings other aspects to the purchasing process. Different rules, terms and conditions and property and land related issues are there to keep in mind. A local Buyer’s Agent or legal support can be essential for a successful and smooth purchase.
Most houses that are being sold will have an agent representing the seller, which is frequently referred to as a listing agent or sellers agent. The listing agents main responsibility is to make sure the sellers best interests are being protected.
So how does a buyer make sure their best interests are being protected? Simple, hire a buyers agent. There are several reasons why it’s extremely important that when you’re buying a house in The Gambia that you hire a buyer’s agent.
Since a buyers agent is looking out for a buyers best interest, they’ll help ensure the buyer gets the best deal possible. Below are the top 9 reasons to hire a buyers agent when buying a house. Understanding these 9 reasons should make it clear that you need representation when buying a house.
1. It’s Free To Hire A Buyers Agent
One of the most obvious reasons to hire a buyer’s agent when buying a house is that it’s free. There are very few circumstances where it costs money to hire a buyer’s agent.
Since 99.9% of the time it’s free to hire a buyer’s agent, it’s an obvious reason why you should hire a professional to represent your best interests in the purchase of a house. It’s vital, however, that you don’t just hire any buyer’s agent. There are certain things you should expect from a real estate agent when buying a house.
It’s highly suggested as you think about hiring a buyer’s agent that you keep in mind they’re protecting your best interests during one of the biggest transactions you’ll ever take part in.
2. A Buyer’s Agent Knows What To Look For When Viewing Houses
Whether you’re buying your first house or tenth, chances are you don’t physically look at houses on a daily basis. A successful buyer’s agent is physically looking at dozens of houses each and every week. Another excellent reason to hire a buyer’s agent when buying a house is because they know what to look for when viewing houses.
There are certain red flags to look for when buying a house, many of which you may not be aware of. An experienced buyer’s agent who looks at houses day in and day out will be able to identify potential problems within a house relatively easily.
Common things a buyer’s agent can identify include;
– Pest/Insect Issues
– Potential Mold Issues
– Roofing and or Construction Issues
– Electrical Wiring
– Age(s) Of Major Components (Furnace, AC Units, Etc…)
3. A Local Buyer’s Agent Understands The Gambian Real Estate Market
Hire A Buyer’s Agent When Buying A House For Their Expert Advice!
Each and every real estate market is different. Real estate markets can differ from country to country, town to town and even neighborhood to neighborhood. It’s extremely important when buying a house that you understand the local market. In this case The Gambian market.
Since there are many reasons why real estate markets are different, another great reason to hire a buyer’s agent when buying a house is because they understand the intricacies of the local market. A buyer’s agent who understands the local real estate market can go a long way when the time comes to make an offer on a house.
It’s highly recommended as you hire a buyer’s agent that you make sure they have experience selling houses in the area. Hiring a real estate agent who doesn’t have an understanding of the local real estate market can cost you thousands of dollars should you make an offer that isn’t inline with local house values.
4. A Buyer’s Agent Will Coordinate Showings
One of the most overlooked tasks that a buyers agent performs on a daily basis is the coordination of showings for buyers. Coordinating showings can be tricky and something that gets confusing.
A great reason to hire a buyers agent when buying a house is they’ll be responsible for coordinating viewings of potential properties. Depending on a buyers house search, it’s possible that a buyers agent is coordinating a large number of showings in several different towns at a variety of different times.
If you’re buying a house and have interest in a dozen properties, a buyers agent is responsible for making sure that you have the opportunity to view potential properties if they’re available. This may mean making a dozen phone calls, figuring out the best route for the showings, and making sure they provide you all of the pertinent information about the properties.
5. A Buyer’s Agent Will Know How evaluate Real Estate Contracts
Even if you’re buying your tenth house, it’s unlikely you’re familiar enough to navigate a real estate contract. When you hire a buyer’s agent when buying a house, you’re hiring a professional who knows the ins and outs of real estate contracts.
There are many parts to a real estate contract and having an experienced professional to guide you through the contract is vital. There are several real estate contingencies to consider including in a purchase offer, several deadlines that need to be set in a contract, and other important parts to within a real estate contract.
In addition to the important aspects within a real estate contract, an experienced buyer’s agent will know how to ‘read’ a contract that presents you in the best possible way in the eyes of a seller. A real estate contract that is poorly written or a contract with missing or blank areas is a common reason why a purchase offer is rejected when buying a house.
6. A Buyer’s Agent Will Have Access To Experienced Professionals Needed During A Transaction
During the course of a real estate transaction there are several professionals that are needed. When you’re buying a house in The Gambia you’ll potentially need a home inspector, a real estate attorney, and a handful of other professionals.
When you hire a buyer’s agent when buying a house, you can expect they’ll have a pocketbook full of recommended professionals. An experienced buyers agent will have several mortgage companies, inspection companies, law firms, and other services that they can recommend to you.
It’s likely that the professionals a buyer’s agent recommends provide quality service and would also be looking out for your best interest during the purchase of a house. One of the best questions to ask when interviewing a buyer’s agent is whether they have a list of recommended service providers. An experienced buyers agent should be able to provide several recommendations for each respective professional category.
7. A Buyer’s Agent Will or Can Be Your Negotiator
One of the most frequently asked questions about buying a house relates to the amount that should be offered for a home. A huge benefit that you’ll receive when you hire a buyer’s agent is that they’re negotiating on your behalf.
Depending on the house you’re attempting to purchase and the current state of your local real estate market, having a top notch real estate negotiator can be critical.
For example, if you’re attempting to purchase an overpriced house, your buyer’s agent needs to know what it takes to purchase an overpriced house. This may include, but isn’t limited to completing a detailed comparative market analysis proving the house is overpriced or structuring the contract dates to appeal to the seller.
If you don’t hire a buyer’s agent, you’ll be required to do the negotiations by yourself. In the example of buying an overpriced house, there is a good chance that the majority of buyers don’t know how to make an offer on an overpriced house.
8. A Buyer’s Agent Will Keep The Transaction On Schedule
Delays in real estate transactions happen, but this doesn’t mean that it’s acceptable. A delay in a real estate transaction is frustrating to all parties involved, especially for a buyer and a seller.
When you hire a buyer’s agent, you’re greatly improving the chances that your real estate transaction will stay on schedule. There are dozens of reasons why real estate closings are delayed, many of which can be avoided by hiring a top buyer’s agent.
A buyer’s agent is responsible for making sure that contract dates, such as a written mortgage commitment, are being met. Other culprits of closing delays include delays in appraisals being ordered or delays in an instrument survey being completed. An organized buyer’s agent will have a system in place that ensures these delays are avoided.
9. A Buyer’s Agent Can Be Your Emotional Filter
Buying a house is very emotional and can potentially get the best of a buyer. Another great reason to hire a buyer’s agent when buying a house is they can act as an emotional filter.
Since a buyer’s agent isn’t emotionally attached to a specific property you may have interest in, they can help keep you from making an emotional and rash decision. Ultimately a buyer is the final decision maker, but a buyer’s agent can help a buyer weigh the PROs and CONs to potential properties while taking the emotion out of the decision.
There are many reasons to hire a buyer’s agent when buying a house and the top 9 reasons discussed above should make it clear, hire a buyer’s agent when buying a house in The Gambia!
There are very few, actually, no good reasons to not hire a buyer’s agent. When you hire a buyer’s agent, you’re hiring a professional to look out for your best interests during one of the largest purchases you’ll ever make.
GAMREALTY CAN ACT AS YOUR BUYER’S AGENT AND SUPPORT YOU IN THE BUYIN PROCESS OF PROPERTY IN THE GAMBIA.
CONTACT US AT +220 2696613