In today’s online world, many prospective homebuyers feel empowered by the seemingly infinite amount of information out there. The ability to effortlessly scroll online listings in their area you’re your phone or smart device have caused many to take a moment and second guess if using a real estate agent is even necessary. If you think you would be better off not using a real estate agent on your next purchase, I would take a step back and think about what a true professional will bring to your transaction.
Time and Availability
If you have a busy schedule and don’t have much time to devote to the home buying/selling process, a real estate agent can be very helpful. They can handle the time-consuming tasks such as scheduling showings, handling paperwork, and negotiating with buyers/sellers.
Experience and Expertise
Real estate agents have extensive knowledge of the local housing market and can provide valuable insights and advice. They can help you navigate the complexities of buying/selling a home and can provide guidance on pricing, negotiating, and closing the deal.
Access to Resources
Real estate agents have access to a wide range of resources, including online listing services, professional networks, and industry knowledge. This can be especially helpful when trying to find the right property for your needs.
Real estate agents are licensed professionals who are held to strict ethical standards. They can provide legal protections and help you avoid potential pitfalls in the buying process.
Real estate agents typically charge a commission (usually a percentage of the sale price) for their services. In most cases, their commission is paid for by the sellers and won’t increase your out-of-pocket expense. Some would argue that not having a real estate agent is even more expensive because of the amount they may save you when negotiating purchase price, repairs, and seller credit on your behalf.
Overall, whether or not to use a real estate agent is a personal decision that depends on your specific needs and circumstances. Most wouldn’t recommend going into your first purchase with an expert real estate agent to guide you and negotiate on your behalf every step of the way. If you decide to use a real estate agent, be sure to choose one who is experienced, knowledgeable, and trustworthy. We’ve come to know a lot of great real estate agents over the years, so please don’t hesitate to ask your lender for a recommendation!