Do You Really Need To Use A Real Estate Agent When Buying A Home?
The increasing prominence of the Internet in our daily lives has absolutely changed everything over the last decade and further. From how we hail our taxis, rent out rooms, to how we connect with people socially; there is no doubt the internet has affected how people buy and sell their homes too. Many third party real estate services have recently started cropping up online, making it easier for you to do certain tasks more easily. With all these tools many are then left to wonder, do you really need to use a real estate agent when buying a home? Other questions you might be wondering include When Is The Right Time To Buy A House? or possibly Should I Sell My House First, Or Buy a New Home First? Deciding whether or not to include a real estate agent will be one of the most important choices you will have to make in this home buying process.
Determining if you need a real estate agent
While it is possible to buy a home without the help of a real estate agent, it is likely that you will miss out on a variety of services and advantages. Be wary of foregoing the services of a great real estate agent in the quest to save the money you would pay them in commissions.
Note though, that it all depends on the market. If it is a hot seller’s market, you will have no shortage of offers from simply sticking a sign in the yard or passing out a few fliers. However, an agent’s services are shown to be especially valuable in a seller’s market by getting you a better price for your next home.
In South Carolina’s Charleston area, the real estate market is currently experiencing a sort of renaissance. With foreclosure rates falling fast and economic prospects improving over the last few years, more people are buying and selling homes in the area and the future is only more bright for this area.
Buyers and sellers include both existing residents and individuals relocating from the north or midwest in search of a second home or a good place to retire to. Given that Charleston has been dubbed “America’s Most Friendly City” by Conde Naste Traveler, it is truly a great place to live and work.
Why you really need a great real estate agent
A recent Forbes article acknowledged that people today can indeed use third party services to complete real estate transactions on their own. However, it also goes on to say; this option could end up being more costly for most people in the long run. Furthermore, of all the people buying homes, 80 percent do so through a real estate agent. Working with one will expose you to a larger population of potential buyers. Other reasons to work with a real estate agent include:
1. Improved Access and Convenience
The agent’s job is to act as a contact for the buyer and seller. They will also be able to access all of the homes listed by other agents. This means you will have a greater selection of properties to choose from. A good agent will also be able to easily make appointments for you to view the properties you are interested in.
2. Handling Negotiations
Many people assume handling negotiations themselves will make the process more transparent. However, negotiation is an absolutely tricky business. A good agent is one who is a skillful negotiator. They will be able to get you the property you want at a good price without ruffling a lot of feathers.
3. Handling Contracts
One of the hardest parts of buying or selling a house is ensuring all the required contracts, and relaying protocol is followed to the letter. Failure to do so is why a lot of solo buyers end up losing money in the long run. Working with a professional, well-informed agent will help you avoid these difficulties.
Buying or selling a home by yourself is a difficult, draining and time-consuming venture. The only people who should do so are those familiar with real estate procedures and contracts. Otherwise, working with a professional real estate agent is the best way to ensure a relatively stress-free transaction.
It is easy to feel like you can saving money by not using a real estate agent. But be wary, as this money is gained on the front end and is typically lost on the back end. Your goal is to have the lowest price from the transaction and to minimize time spent on showings, negotiations, contracts, or which areas are best and where to find the best value; absolutely none of this has to be your problem if you find yourself a great and trusted real estate agent.
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