Your real estate agent loves working with you and helping you sell your home or buy a new one. They want to make your experience successful, but they also have years of experience working with clients and helping people buy homes so they have some insight into the real estate market that you might not have thought of.
Here are just some of the things your real estate agent wants you to know.
That the market crash you're waiting for isn't what you think it is
Are you waiting to buy a home so you can get one under a market crash and save money? With interest rates on the rise and houses only slightly declining in price, the likelihood of you being able to take advantage of a market crash isn't strong. You're more likely to have a market get too high for you to afford or have all the other affordable houses get purchased before you make a move.
Even if you do get to find a home that is cheaper, the interest rates may cancel out the costs. Your real estate agent wants you to be ready to buy a house in any market, and if you're not, they encourage you to figure out your home-buying strategy to help you get ready.
That a home inspection doesn't guarantee anything
A home inspection is a basic inspection done on a property that either the seller has done at the buyer's request or that a buyer can have done on their own before or after they purchase a home. The flaws or repairs a home has after it's been inspected can then possibly be negotiated by the seller and buyer either in a price change or in having things repaired to make a home easier to purchase.
Your real estate agent wants you to know that a home inspection, even if it comes back clean or reveals minor flaws, doesn't guarantee anything. A seller can still sell a home as it stands and future issues may come up with a more extensive home inspection after a home is bought.
When you buy or sell a home, your real estate agent is going to be your best ally. They're going to be the professionals who help you find the right property or buyer for your home. Never try to buy a home on your own or sell your home the same way, as it can be difficult and cost you more money in the end.
Contact a local real estate agent to learn more.