If you are getting ready to buy a home, you are probably also looking to save money in any way possible for a down payment, the move, and even some new furniture or paint. One of the ways you may be considering looking for your new home without the aid of a realtor. However, this is not a good idea for many reasons. You should contact a few agents and meet with them to get an idea of how you will work together. Once you have decided which one best fits your personality you can start looking at homes. Here are a few reasons you should hire an agent.
More Homes Available
While you can look through the newspaper ads and look for yard signs letting you know a home is for sale, you won't have access to all the different properties that are for sale. Realtors have a book that lists all the homes for sale buy all agents. There are also some listings of homes for sale by owners. The number of homes an agent has access to will ensure that you find what you are looking for and don't have to settle on a place you need to change substantially.
You may think that by hiring an agent you will be paying more money, but the opposite is true. When a seller lists a home for sale, a fee is determined and agreed to. This fee is split between the seller's agent and the buyer's agent at the time of the sale. It is paid by the proceeds of the sale. Whether you have an agent or not, the fee remains the same. However, hiring a realtor means you have someone on your side. Your agent will be able to negotiate with the seller to get you a better deal. This could include a lower price on the property or having some needed repairs done before the sale so you won't have to pay for them.
Unless you have bought and sold many houses, the whole process can be confusing. When you have a realtor working for and with you, you have someone to explain everything and to make sure you are treated fairly in the deal. An agent also knows the different inspecting companies, mortgage lenders, and contractors. You will get help every step of the way. He or she will make what can be a very stressful time in your life actually enjoyable.