Congratulations to you if you have decided to buy a home for your family. Many buyers today are trying to purchase a home without obtaining the services of a realtor. This stems from their desire to save their hard earned money by getting a better deal from the seller. These buyers believe they can convince the seller to lower the asking price as a buyer’s agent does not represent them. It is indeed a very alluring idea to be able to save thousands of dollars which is what 3-6% fee of a realtor turns out to be during this huge financial transaction. What most buyers do not realize is the fact that the seller pays the fee of the buyer’s agent. Seller pays the commission to both the buyer’s agent and their agent. Yes, you can hope to do all the paperwork and legal formalities on your courtesy apps and services available on the web, but buying real estate is a tricky business, and any mistakes or lapses on your part can cost you dearly.
Realtor provides services far exceeding the amount of money they receive from the seller
Yes, you can theoretically save your money, but you enjoy dedicated and expert services of a professional for weeks, even months during the buying process. This professional wages the battle on your behalf and negotiates with the seller’s agent on the asking price. They iron out all the wrinkles from the buying process with their sheer knowledge, experience, and a strong network in the real estate market. Compare this with the half baked knowledge you get from realty websites like Zillow, Realtor.com, and other such sites. It is true that almost every single home buyer today begins his search for homes online using the listings on these websites, but this list is nothing when compared to the knowledge of a realtor about the houses for sale in a given area. These professionals spend time on the field, have contacts and information such as pocket listings, and they have the most current and updated knowledge of properties for sale in a neighborhood.
You cannot rely on the half baked knowledge obtained from the internet
For example, Zillow has its estimate for every house that is listed and previously listed. They call it “Zestimate.” It has been found that these estimates are often inaccurate and the variations in prices of properties, in reality, have dampened the spirits of many buyers in the past. This is only the tip of the proverbial iceberg. As a purchaser, you face many awkward and unexpected situations when you do not have an agent by your side. With no agent to represent the buyer, the seller’s agent gives you the option of a dual agency. The seller’s agent, in theory, is suppose to look after your interests during the transaction. Though it appears to be enticing, you should not agree to this proposition as a seller’s agent will always have the benefit of the seller in his mind. They also pocket majority of the entire commission received from the seller as a fee since there is no agent on your side to split the commission. On the other hand, your agent can negotiate with the seller to get the asking price lowered among other stipulations that can be worked into the deal using educated negotiating tactics. They always have your best financial interest in mind. A real estate agent proves to be an invaluable help whether it is during the negotiation round with the seller or when handling the legal contracts for the closing of the transaction. No matter how much you consult realty websites; there can be no substitute for the real world experience of a Realtor.
Agent calms your nerves when buying a home in a new area
If you are purchasing a home in a new area that you do not know much about, the experience and the knowledge of local realtors prove to be crucial. It can be very daunting for you to know about all the aspects of life in a new locality. You can rely on the knowledge of your realtor to guide you in a fair and honest manner in this regard.
The best skills of a buyer’s agent are seen on the negotiation table where your realtor tries everything in his might to get the price lowered in your favor. They know how to negotiate with stubborn sellers while they also have the experience of dealing with other types of sellers.
A Realtor can help save a lot of time and effort
Last but not the least, you do not know how much time and effort buying a home is going to take. It is certainly not a weekend project that you can complete without any hiccups. But if you have a buyer’s agent by your side, you can be pretty sure of going through the procedure in a smooth manner and in a short period of time.
It is a good idea to hire the services of a local and experienced buyer’s agent to make the process smooth and easy. Please contact me today for any of your Central Florida real estate needs.