The economy is on a steady rise, and mortgage interest rates are at an all-time low. If you're a first-time buyer, existing homeowner, or investor searching for new property, move fast. Economists predict house prices to rise another four to five percent in 2014. Here are a few reasons why hiring a real estate expert is essential to successfully navigating the market in this changing economy.

1. 

   Location, Location, Location

   Real estate agents understand the best locations to invest in. You may want to think twice about buying that big house on the remote street. A smaller house on a better location will provide you better returns when it's time to sell. A little tip: Buy in a district with notable schools. It'll help boost property value even if you don't have school-age children. Don't neglect, however, to prioritize your needs as well.

2. 

   Be Credit-Ready and Understand Your Financial Profile

   Since you'll most likely require a mortgage, make sure your credit history is clean. Prepare ahead and obtain copies of your credit report months before beginning house hunting. Also, aim for a home you're sure you can afford: Financial experts recommend no more than 28% of your income spent on housing costs. Agents help you find the best homes for your needs and budget.

3. 

   Hire A Home Inspector

   Before closing the deal, you should hire a skilled home inspector, preferably an engineer, to survey the home in the area where you're buying. This way, you'll be aware of any potential problems and repairs that may incur extra cost down the road. Some agents make sure everything is perfect for you before moving in.

4. 

   Let Them Be Your Tour Guide

   Hiring a good real estate agent in today's market is as important as ever. Ensure they are experienced in all types of transactions. They should help you with your search, contractual paperwork, inspections, negotiations, and more. A good tour guide, like the real estate professionals of Guamrentals.com, understand market trends and take care of the entire home buying process, from start to finish.

5. They're Your Liason

   Although, the Internet lets you have unprecedented access to listings, it's still best to acquire professional help. A real estate professional's full-time job is to act as intermediary between buyers and sellers. With your interests at heart, the agent guides you through tricky negotiations. Plus, you'll have someone to confide your contempt for the current owner's shabby decorating skills--without insulting the owner.