Is It Okay To Buy A House Without A Real Estate Agent?
Why You Should Never Buy a House without a Real Estate Agent
Are you planning to buy a house in the near future? Have you decided to do so without the help of a real estate agent? If so, you may want to rethink your decision. Home buyers who buy a house without the assistance of a professional real estate agent may be setting themselves up for financial disaster.
You Technically Don’t Pay the Commission
The one thing that motivates people to work without a real estate agent is money. As a buyer, however, you technically don’t pay for the real estate agent’s services when you buy a house -- the seller does. Sure, you might think that the seller will drop the price accordingly if real estate agents aren’t involved when you buy a house, but you really don’t know that for a fact and the risks associated with buying a house without a real estate agent far outweigh any nominal discount the seller may give you.
Who’s In Your Corner?
When you buy a house with a real estate agent, the agent will act on your behalf to negotiate the sale price, repairs, and any other issues that may come up. If you don’t have a real estate agent working for you, you will be left to haggle on your own. It is much better to have an intermediary between you and the person selling the house.
It’s hard to put a price on the valuable services a professional real estate agent can provide. A good real estate agent can significantly simplify the process when you buy a house -- a process that has all too many opportunities for nightmarish scenarios. If something goes wrong with the transaction, if the seller tries to pull something or if your mortgage company isn’t doing what it needs to, your real estate agent will know and will be able to stay on top of it.
There are certain things you should never do without the help of a professional – undergo surgery, go to court, fix a gas leak, perform electrical work, and, of course, buy a house.