Are you in the market to buy Scottsdale luxury homes? Are you considering doing all the work yourself? Though it may seem like a good idea to start looking at homes without the assistance of a realtor, you’ll soon realize that the task is more daunting than you’d anticipated. There are multiple reasons why working with an experienced Scottsdale AZ real estate agent will make your home-buying experience less stressful and more successful. Here are some of the most important.
1. Scottsdale is a seller’s market
The Scottsdale AZ real estate market is currently very much in favor of the seller
. This means there are more interested buyers than there are homes on the market, making it more challenging for those who are ready to purchase Scottsdale luxury homes. Hot homes in Scottsdale can sell in as little as 12 days
and for more than 4% over the list price. Not only does this mean that buyers may not be able to find a home that meets their needs with the reduced inventory, but it also means they’ll need to make a quick decision if they do find an appropriate home so they don’t lose it to a more motivated buyer.
An experienced Scottsdale AZ real estate agent can help buyers find and buy the home of their dreams in a seller’s market. In addition to alerting you when new homes come on the market, they can also let you know when a seller is preparing to list or when a seller is listing their home off-market
and not promoting it to the general public. This gives you more buying options and helps you get to homes early so you can make an offer before your competition.
2. An experienced agent will represent your best interests
When you look at Scottsdale luxury homes on your own, you will be dealing with either the seller or the seller’s real estate agent. Though you can still buy a house through either individual, you will not have someone on your side, looking out for your best interests. Both the seller and the seller’s agent have one goal: to get the most out of the property. When you work with a buyer’s agent, he or she will be working for the opposite goal: to get you the best deal and ensure you are treated fairly throughout the buying process.
3. Scottsdale AZ real estate agents can connect you with other professionals
When you buy Scottsdale luxury homes, you need to work with a variety of professionals such as mortgage lenders, insurance agents, appraisers, and those who can do inspections for issues like termite or foundation damage
. Trying to choose the right professionals can be time-consuming and stressful—especially if you don’t know anyone in the industry. Your agent is a rich source of recommendations and referrals for other pros in the agency and can direct you to those who will perform their jobs with professionalism and care.
4. Your agent will assist you with writing an offer
In a seller’s market, your offer for a home needs to be strong right out of the gates or you run the risk of losing out to another buyer. When you work with a Scottsdale AZ real estate agent, he or she can guide you through the offer process and help you decide how much to offer, if you should drop common contingencies
such as those based on financing or the results of an inspection, and if you should include an escalation clause or appraisal gap guarantee in your offer to strengthen it. Your agent can also represent you in a multiple offer scenario or when a bidding war develops to ensure you stick to your budget while still having the best chance at winning the bid.
5. A Scottsdale AZ real estate agent will help you buy and sell simultaneously
Most of those who are looking at Scottsdale luxury homes for a primary residence also has a current home they need to sell. The process of buying and selling simultaneously can get tricky—especially if the timing doesn’t go your way and you end up with two mortgages or no place to live. An experienced agent can help you decide whether you should start looking at new houses before you sell yours and can assist you if you need advice on how to make a down payment or cover closing costs should you be unable to access the equity in your current home. Your agent can also help you with logistics—such as renting another home to live in short-term or offering your buyer a leaseback agreement
—to help you ease the transition between properties.
6. Working with a buyer’s agent is free
One of the best parts about working with a Scottsdale AZ real estate agent when buying is that it won’t cost you anything. Agents make a portion of the commission from the seller and their services to buyers are free of charge. Though you will need to pay the agent if he or she is also helping you sell your current home, you’ll find this is well worth the money as your agent will take care of everything from pricing your home fairly to helping you prep it for the market to developing a strategic marketing campaign to ensure it appeals your ideal buyer. Whether you are just buying, just selling, or buying and selling simultaneously, it just makes sense to work with a professional agent who will have your back throughout the journey. An agent will save you time, energy, and the stress of having to make all the important decisions on your own.
Ready to take the next step and start looking for Scottsdale luxury homes? Reach out to a local agent like those in The Karas Group
for expert guidance.