So you are interested in obtaining a residence such as a singe family house and you are contemplating if you are able to conduct this without the agent’s aid? The top response is – Absolutely!
Please be advised, there is no legal instruction requiring the home buyer to utilize the services of a real estate specialist when buying a residence like a town home. If you know you can work with the complications of a real estate contract, then go ahead and do it. But, for most house buyer, this is not usually the case. The following are the reasons why you should or why you would not employ a real estate agent:
The Agent’s Fees Are Paid By the Seller Not You
Here is the biggest advantage: The seller incurs the payment of real estate broker’s commission. Please be advised, the agent’s fees are split between the seller’s agent and the buyer’s agent. However, be aware when locating for an agent; there is a fat chance that some of them may be pushing for the residence that they are selling because they are getting 100 percent commission on the sale. You need to make sure that you really look for more choices and check out the available houses and obtain the ones that you are interested in and not the houses that your real estate specialist is insisting!!
You would require an experienced person to advice you with the buying methods.
Real estate agreements is one of the most complex transactions that you may experience in your life and employing a real estate broker is a wise move especially if you are a first-time buyer. I’m sure those homeowners can understand the grueling and overwhelming process that they have endured when they acquired their residence. The documents to sign is so much that it feels like you are signing all the pages of a book. Buying a residence is not like paying for a product from a grocery stores, it includes a number of things. An agent can aid you with the whole buying process such as searching for the residence that you like, extending an offer, wrapping up the transaction, and looking for other home specialists like a home inspector, and mortgage brokers if you have not acquired the services of one yet.
Prospective Homeowners are able to get additional listing on new condominium
Even though listings can be browsed online by prospective clients, there are still a few real estate property that are only available to be viewed by real estate experts only. The types of houses are the ones that are probably new or on hold, retracted by owners, foreclosure homes, or short sale houses. Sometimes you can check new listing from the real estate specialist before it even comes out in the public listing. In a few cases, you may not be allowed to go inside the house exclusively without the help of a real estate specialist. When my godmother was looking for a home, there is a foreclosure house that he wanted to see but he was only allowed to get in if he is accompanied by an agent.
For additional resources on Guide To Buying A House AND Pros and cons of buying newly built homes, it is a good idea to browse Spruce Up Your Finances blog