It is not very easy for you as a homebuyer to buy a home on your own. You may at times think of flying solo and buying a home on your own but you may end up using a lot of money than you may have used if you employed a realtor for a while and then pay him or her the commission he or she is entitled to at the end of it all. Buying a home is a major financial undertaking. Here are the reasons why buying a home with a realtor is important:
A realtor’s work is to ensure that he or she acts as an intermediary between the buyer and the seller of property. In this way the realtor would provide a list of all the listings of properties on sale around your local area. When buying a home with a realtor, the realtor usually takes the responsibility of taking care of the buying transaction as a whole. For example, if you are looking to buy a home, a realtor will track down homes that meet your interests, get in touch with the seller’s agent and make appointments for you to view the homes.
When buying a home with a realtor you need to understand that the realtor is in charge of all the negotiations between you as the buyer and the seller of the said property that you want to purchase. Having a realtor is important because you can express your contempt on the said property you want and then the realtor would convey the information to the seller without hurting ‘anyone’s feelings’. The realtor you choose is in a better position to negotiate a discount without rubbing shoulders with the homeowner.
Realtors cannot lie
The realtor you choose to buy a house with cannot lie of anything regarding the transaction. This is because the relationship between you and the realtor is an agency relationship, that is, a full service commission agreement in which the agent agrees to represent you, your agent will be bound by common law to a fiduciary relationship. In other words, the agent is bound by law to act in their client’s best interest.
Contract being legally binding are hard to handle on your own
A contract of sale is usually drafted so as to protect you and ensure that you are able to back out of the deal if certain conditions are not met. When buying a home with a realtor, an experienced realtor would be able to be competent in interpreting contracts as he or she has dealt with a lot of similar contracts in the past. The realtor should convey to you which conditions in a contract should be used, when they can safely be removed and how to use the contract to protect you as a buyer.
In conclusion, even though there are people out there who can buy homes on their own and you can also do it by yourself, it is much easier to have a realtor help you out because he or she is well versed with the real estate market. – Tazar.com