Buying A House Without A Real Estate Agent: What To Consider
Is it financially better to buy or build a house?<br />

Buying A House Without A Real Estate Agent: What To Consider

Things To Consider When Buying A House Without A Real Estate Agent

Buying a home without an agent can be more difficult than working with a professional. You’ll have a few added responsibilities if you decide to go at it alone.

You Won’t Have As Much Market Knowledge

Real estate agents have access to real estate property listings, so they know which homes are on the market and what features they have. Great real estate agents are very familiar with their local markets.

They listen to what you need in a home and find properties within your budget. If you don’t have an agent, you’ll have to do all the heavy lifting and research yourself.

Negotiations Can Be Tricky

Real estate agents are negotiation experts. If you buy a home without an agent, you’ll have to negotiate and decide how much to offer on your own. This may cause you to unknowingly overpay for your home – or lose out on one you want. When you work with a buyer’s agent, they will negotiate on your behalf with the seller and seller’s agent.

There’s A Lot Of Paperwork Involved

Do you know how to draw up an ironclad purchase offer? Can you read an inspection report? Buying a home involves a lot of documentation. A real estate agent can help you manage the mountain of paperwork and draw your attention to important issues.

Agents Have Connections You Might Not Have

Buying a home means working with a lot of third-party experts. A real estate agent can direct you to quality professionals, such as contractors and home inspectors, that will make the buying process easier.

When you don’t have an agent, you must research services and businesses on your own, which can increase your chances of getting stuck with shoddy work.

Does Buying A House Without A Real Estate Agent Actually Save You Money?

Typically, the seller is responsible for paying the buyer’s real estate agent. Most buyers don’t pay any fees to work with a real estate agent. This means that, if you choose to forgo an agent, you might not actually save any money at all.

If you decide that working with an agent isn’t for you, make sure you write this into your offer. Tell the seller that you’re offering a lower price because they don’t have to pay for your real estate agent’s commission. This will typically save your seller 3% of the purchase price.

The Bottom Line On Buying A House Without A Real Estate Agent

 

There are a few extra steps you’ll have to take when buying a house without a real estate agent. Make sure you do plenty of research before you buy. Next, apply for a mortgage, research the neighborhood, find a property and ask for Seller Disclosures. Your final steps include hiring a home inspector and lawyer, and negotiating and closing on your home.

Real estate agents have numerous connections and thorough knowledge of the paperwork and processes, which can help you zero in on the perfect home. Carefully consider whether you want to forgot the value of having an experienced real estate agent. Working with a real estate agent could make your life a lot easier – without costing you a penny.

 

Partial Source: https://www.rocketmortgage.com/


 

…Let us join your journey of getting your dream house!

 

Ana Roque is a Brazilian Licensed Realtor at Re-Connect, LLC with 16+ years of experience in the Real Estate industry.

Ana speaks 3 languages (Portuguese, English, Spanish), Wife, Stepmom, Journalist, Event Director for the National Association of Hispanic Real Estate Professionals (NAHREP) Central MA Chapter.

Call now:(617) 201-9188 Ana Roque |209 West Central Street, Natick, MA     

 

 

 

Related posts:

How To Know A House Is Right For You

How To Know A House Is Right For You. Finding the right house for you involves a combination of careful consideration, research, and personal preferen...
September 21, 2023

Can a loan be forgiven after death?

Can a loan be forgiven after death? In most cases, a loan does not get automatically forgiven upon the borrower's death. When a person takes out a loa...
September 1, 2023

What are the 4 types of mortgage loans?

What are the 4 types of mortgage loans? There are several types of mortgage loans, and they can vary based on factors such as interest rates, payment ...
August 12, 2023

A 5-Step Guide For Real Estate Investors

A 5-Step Guide For Real Estate Investors: Certainly! Here's a 5-step guide for real estate investors: 1 - Set Your Goals and Strategy: The first step...
July 5, 2023

Top Ten Traits of a Real State Agent

Top Ten Traits of a Real State Agent. The world of residential real estate has many different players, including appraisers, home inspect...
January 31, 2023

Why It’s Important to Hire a Real Estate Agent

Why It’s Important to Hire a Real Estate Agent. When you’re selling your home it can be tempting to try and go it alone. Maybe you don’t want...
January 17, 2023

7 benefits you get when you use a Realtor to sell your home

7 benefits you get when you use a Realtor to sell your home. In the age of Zillow, Trulia, and Redfin, it’s easy to assume that you don’t...
December 13, 2022

3 Tell-Tale Signs You Have A Good Real Estate Agent

3 Tell-Tale Signs You Have A Good Real Estate Agent. Buying Or Selling A Home Can Be A Stressful Experience, So Having A Great Real Estat...
December 2, 2022

10 Benefits Of Working With A Real State Agente When Buying A Home

10 Benefits Of Working With A Real State Agente When Buying A Home. We all know it can be browse the internet for your next home but when...
November 8, 2022

Who Pays the Real Estate Commission

Who Pays the Real Estate Commission and Closing Costs: The Homebuyer or Seller? Do you know how much an average real estate agent commission&...
October 6, 2022

Follow these steps to get your real estate license

Follow these steps to get your real estate license. Thinking about becoming a real estate agent? You're in good company. As of October 2021, t...
September 26, 2022

10 Ways Real Estate Agents are Essential

10 Ways Real Estate Agents are Essential.Real Estate Agents Are Pillars of the Community. Real estate is a uniquely impactful profession. One...
August 26, 2022

8 Reasons to Choose a Real Estate Agent Over "For Sale By Owner"

8 Reasons to Choose a Real Estate Agent Over "For Sale By Owner". You might be tempted to avoid a real estate agent, save the commission,...
July 27, 2022

Reasons to buy a home with a Realtor’s help

Reasons to buy a home with a Realtor’s help.If you’re wondering whether you need a Realtor to buy a home, the short answer is no. You mig...
June 21, 2022