Why Do El Camino Village Home Buyers Want a Buyer’s Realtor?

What are the reasons you should use a buyer’s agent?

With more resources available on the Internet, you may be considering buying a home without using the services of a professional real estate agent. After reviewing these 50 services an agent would typically perform for their clients, you may want to reconsider! Remember, agents don’t get paid until the home purchase is complete. It is their job to do the best they can to help you through a smooth experience, save you money and achieve your goal of buying a home.

Here are some of the many reasons to use a buyer’s agent:

  1. Analysis of your real estate needs and determine what housing areas and options might work best
  2. Research properties.  As an expert in the area, the right buyer’s agent can get you detailed information about properties you’re interested in.  Having a realtor that understands the differences between El Camino Village, Bodger Park and the surrounding areas of Hawthorne, Gardena and Lawndale can make a big difference.
  3. Send you listings that match your needs – the right agent understands what you’re looking for in a home and can send you custom email alerts whenever a new home in El Camino Village or Bodger Park, or other areas hits the market.
  4. Provide information pertaining to your move or relocation and short-term stay options
  5. Educate you about home buying processes.  Buying a home has a lot of moving pieces…adding to an already stressful emotional and financial process.  A good agent can guide you through the process
  6. Provide information on market conditions, schools, communities, employment, and more
  7. Discuss your financing needs and options
  8. Recommend qualified mortgage brokers
  9. Make appointments and show properties that works around your schedule.  Open houses are great, but not every listing has them and sometimes a private tour is more beneficial
  10. Provide timely and professional disclosure and research on homes, markets and neighborhoods
  11. Home tour review: pros & cons of each property
  12. Point out important items while showing that buyer’s may overlook
  13. Follow up of loan application with your selected mortgage broker
  14. Help cleaning up your credit if needed
  15. Analyze purchasing timeline and needs once property is located
  16. Free Comparative Market Analysis (CMA) of a property in order to make an educated offer
  17. Call listing agent to get updates on property including interest, offers, etc.
  18. Create and send draft of the offer and prepare paperwork
  19. Research tax and title records
  20. Explain all paperwork before signing
  21. Collect proof of funds from buyer, preapproval letter, personal letter to seller(if warranted)
  22. Generate estimate of closing costs
  23. Write offer, send out for electronic signatures, provide verification to listing agent
  24. Review and explain final contract
  25. Submit contract and follow up with listing agent to confirm receipt and follow up questions
  26. Negotiate contract until mutually agreeable.  Working with and expert negotiator can make all the difference
  27. Set deadlines for final acceptance by all parties
  28. Send the escrow company the executed contract and help get escrow opened upon acceptance
  29. Schedule and attend the home inspection
  30. Schedule and attend the termite inspection
  31. Recommend insurance agents to you
  32. Verify loan process has begun
  33. Obtain all seller and listing agent disclosures and explain documents to buyers
  34. Perform agent “visual” inspection of property
  35. Review home inspection findings with you.  A home inspection (and the results!) can be scary especially for first time home buyers.  A good agent can walk you through the report and explain the differences between thinks that need to be repaired or addressed, and updates and upgrades that buyer’s might like, but sellers may not consider
  36. Negotiate repairs if needed
  37. Help order an appraisal
  38. Assist to meet finance deadline
  39. Monitor and manage contingencies and contingency periods – financing, home inspection, appraisal, etc.
  40. Check on homeowners insurance
  41. Verify that the title agency has all necessary documents
  42. Follow up with the lender on all aspects of closing process
  43. Get information on utilities
  44. Schedule closing: time and place
  45. Review escrow and lender closing statement
  46. Arrange and attend a final walk-through
  47. Ensure that escrow has determined the funds to be brought to closing
  48. Coordinate between lenders and title company to determine amount needed
  49. Explain everything that happens at closing
  50. Arrange closing and access
  51. Give you the keys to your new home!
  52. Follow up after closing – homestead info and insuring that everything is going well in your new home and that you’re a happy homeowner!

El Camino Village – One of the Hottest Real Estate Markets in the South Bay

Without question, the neighborhood of El Camino Village is one of the hottest real estate markets in the South Bay.  Not only are prices on the rise but demand never seems to ease up.  We have represented buyers on 4 recent offers and in all 4 situations there were multiple offers and each home sold well over the original list price.   See the current homes for sale in El Camino Village/Bodger Park.

The chart below is a great representation of current conditions (included Bodger Park in Hawthorne so slightly skewed numbers).  Other than December which is almost always the slowest month of the year, days on market has been less than 2 weeks for the past few months.  Those numbers are even lower when you consider that with mulitple offers it can sometimes take 4 or 5 days to negotiate and open escrow.  The green line shows that for the past 12 months homes have sold OVER list prices.  Given that many sellers have listed their homes for record numbers, that’s simply incredible.