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Do You Really Need a Realtor When Buying a House?

This post may contain affiliate links. That means if you click and buy, I may receive a small commission. Please see my full disclosure policy for details.

April 21, 2016

21 Apr
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Do you need to work with a realtor? The answer is almost always yes.

good tips bout buying a house and if you really need to get a realtor or not

Sellers may not like the realtor’s cut on their home sale.  However, a realtor can truly help a buyer.

Buyers, especially first-timers, should have an agent representing them at every point of the purchase. An agent will assist you in assessing the value of the property.  They will also be there through negotiating and setting the terms of your offer. Even if you’re considering a For Sale by Owner deal, having a realtor on your side is necessary.

Some buyers have luck with their own negotiations and home purchase.  However, the truth is that the average American is not properly educated in this area.  They need additional expertise to guide them through their home purchase.

Realtors can help you find the home of your dreams.  They are experts in helping you find the right school district and neighborhood.  A good realtor will also take into consideration  your lifestyle and your budget.

Another reason to hire a Realtor is that they can also uncover the history of a home you love.  They will also review properties nearby to make sure that the house is not overpriced, or suspiciously underpriced.

The value of a Realtor is often most apparent when it comes to potentially challenging situations which may come up after the offer is made.   There are many situations where buyers benefit tremendously by having an expert in their corner – and they’re not the kind of situations buyers can predict.

For example, realtors are used to handling unexpected seller delays.  They are also well versed in responding to tough appraisal outcomes and negotiating repairs after appraisals.  A Realtor understands the ins and outs of seller price ask vs. true value.  He or she also can be an assets when it comes to negotiation tactics and contract documentation. If you are looking in a competitive area, you don’t want to navigate a bidding war in a hot market without help.

Just as when choosing a lender, do your research. Don’t go with a realtor or company you’ve never heard of. Talk to your contacts, get referrals and choose a well-known and respected professional to assist you.

Check out all of our posts in our home buying and selling series!

For more ideas on budgeting, click http://twitter.com/savinmavens or visit https://www.communityamerica.com/mortgages.

 The blog and its opinions are expressly that of its author and does not convey the opinions or strategies of the Credit Union and should not be considered financial advice. CommunityAmerica’s Mortgage offers are subject to credit approval and terms may vary based on conditions.

EHO

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Comments

  1. Mandy Tirado says

    April 22, 2016 at 7:58 AM

    When we’re ready financially to purchase a home, I plan to go with a more experienced realtor that knows the area very well. I want someone who knows the community and has insight into the area I’m wanting to live. I don’t want the newbie just starting their career. I’m not even going to apologize for that. Buying a home is such a huge investment and I just don’t feel it’s an area anyone can afford to gamble on.

  2. Laurie says

    May 4, 2016 at 5:56 PM

    I always recommend finding a great realtor to help you along the home buying process, or even with finding a rental home. Realtors and real estate agents know the active market of homes – you can be wasting your time with websites like zillow or trulia as they aren’t as actively up to date with home information that a realtor has on hand. Plus, they are there to help you with any questions regarding the whole process of buying a home, and are also are there as an advocate helping you through any negotiations that may arise. Great tips, thanks for sharing!

Tracie Fobes, Owner
I'm Tracie! Several years ago, my husband and I found a way to work ourselves out of more than $35,000 in debt. As a result of our journey, we now help families learn to do the same. I share my tips on life, family and finances - to help others achieve this same goal of living a debt free life! Learn more about me and my family HERE.
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