3 Ugly Truths About Buying a Home Without a Real Estate Agent
Many people, whether they are new to the market or have purchased a home before, consider investing in a home without the help of an agent. While there are benefits involved with going it alone, there are also a few drawbacks that can significantly impact the success of your home sale. If you're wondering about the difficulties involved in an agentless home sale, consider the following points.
It's a lot of legwork
It might seem simple if you've found a house and you like it, but a lot more goes into investing in a home than just finding a place that seems amenable. While you can do research on your own end, an experienced real estate agent will have knowledge of the market and the neighborhoods you're searching in and will be able to give you the lowdown. As a result, they may be more successful at providing you with insights about the local community and the price you should be paying that would be hard to determine on your own.
Navigating the process
Home ownership can be considered as easy as signing on the dotted line, but there are so many steps that go into making the final purchase that having someone along to assist can be very beneficial. In addition to requiring paystubs, tax returns, employment records and bank statements, you'll need to compile the information on your own and make sure you've gotten the information home sellers will need. Fortunately, an agent will be familiar with what's needed and will be able to simplify the process wherever possible.
The right home takes time
The right agent may make finding a home look easy, but it takes a lot of knowledge and experience to be able to find what works for you. As a result, it's very easy and common to underestimate the amount of time you'll need to invest in research and open houses and even negotiating to find your next home. If you don't have the time to do what's needed to find the right place for you, it may be worth enlisting the services of a professional.
It can be tempting to forego the costs of an agent when it comes to buying a home, but the right agent can save you time and help you find the right place at the right price. If you're currently preparing to invest in a home, contact The Feldman Group at 843-800-0496 for more information.