If you’re buying a new home, hiring a real estate agent is probably the first thing that comes to mind. But, is actually it necessary?
The answer is yes and no.
You can buy a home without the help of a real estate agent. You can also view homes and attend open houses without their assistance. Doing it all alone can save you a significant amount of money – you can save at least 6% off the purchase price.
There will be no middleman – all communication goes to you directly. You have more control of the situation, and no one will be pushing you to high prices listing to secure their commissions. You can do everything by yourself because the information you need to buy a new house can be found online. The internet can provide you access to a database of properties for sale in a matter of seconds.
On the other hand, one HUGE disadvantage of not having real estate by your side is doing the paperwork and the negotiations, which takes a lot of time and effort. The realtor can handle all the paperwork for you and make sure that everything is done by the book.
Take strong precautions to check the paperwork and a home inspector to assess the entire property. Hiring a real estate agent can save you time and unforeseen headaches.