Do you really need a real estate agent to buy a home?
It’s a question some home buyers ask themselves, especially first time buyers. The most honest answer is you could buy a home without an agent. But you will be at a distinct disadvantage. Here are just six reasons why.
First and foremost, the listing agent of a property isn’t there to represent you. The listing agent represents the seller, and as such, wants the best possible deal for them. The cost to you is not a matter of consideration.
Secondly, your agent works to get you the best deal. Your realtor’s knowledge of property values, market trends and many other factors will help you determine the best amount to offer.
Third, your agent will assist you in understanding the real estate contract and clauses in the transaction. Unless you possess personal knowledge about real estate law, doing this yourself is a monumental challenge.
Fourth, your real estate agent knows about zoning regulations and building codes in the area where the home is. If you buy a particular property because the neighbor is doing something you would like to, the last thing you want to discover is that his pursuit got grandfathered in, and yours is now forbidden.
Fifth, your agent can guide you in the right direction when it comes to loan types and special programs you may qualify for. There are predatory loan programs that target first time buyers, resulting in financial nightmares. Your agent will help you avoid these.
Sixth and finally, your agent knows which documentation you will require in order to obtain your home loan. You’ll get weeks to gather the necessary paperwork, instead of only days or even hours.
When you buy a home, whether it’s your first or your fifth, you need someone in your corner who has your best interests in mind. Don’t go it alone! Your Libertyville Realtor can help you get the right house for the right price.
For more information, contact me. I can help!