Mary Collandra
Join Sign In

Why Use a Realtor?

 

Why Buying a Home Without a Realtor Is a Bad Idea

Unless you’re ready to handle the many demands of a buyer’s agent, you might have trouble purchasing a home without one. Here are four reasons to consider it.

1. The Buying Process Can Be Time-Consuming

You might think it is easy enough to find a home online without the help of an agent. But an agent will lead the search, quickly finding available homes that meet your criteria and your budget that pop up during the day and helping you select which ones to tour.

The search can become all-consuming if you’re in a hot market and need to act within days, if not hours. Add in scheduling all the showings, negotiating price and navigating all the paperwork, and it could seem like you’'ve taken on another full-time job.

2. You’ll Have Limited Access to Listings

Agents have many tools at their disposal when looking for homes, including access to the Multiple Listing Service (MLS), which provides a comprehensive view of all homes available in an area. Although you can find many of those homes using an online search through, for example, Zillow or Trulia, there are still “off-market” listings that only real estate agents can see.

3. It May Be Difficult to Understand the Market

You might be looking for a home in a town you grew up in or have lived for many years, where your knowledge can be a valuable asset. But realtors who specialize in a particular area might have even more expertise than you, especially if you start looking at homes in communities and neighborhoods with which you are less familiar.

From school districts to nearby amenities, real estate agents are often local experts and are best suited to help you figure out if a home or neighborhood matches your wants and needs.

4. The Homebuying Process May Be Confusing

Buying a home is not as clear cut, say, as buying a car. There are state and local regulations that must be observed, and buyers need to make sure they’re not missing important details that could end up costing them extra money.

For example, a sales contract, for example, should include specifically worded contingencies that address whether you can withdraw from the deal if certain problems are revealed during a home inspection and whether you can move the closing date out if you have delays with selling your current home.

Ask a Question . . .

Ask a Question
  • Services of Interest
  • Incorrect please try again
    Enter words: Enter numbers:
    Refresh Captcha
    Audio Captcha
    Text Captcha
    Captcha Help
    reCAPTCHA

Login to My Homefinder

Login to My Homefinder