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Why You Need A Real Estate Agent To Buy A Home
Dated: October 29 2020
Why You Need a Real Estate Agent to Buy a Home
Access to Homes
Without a real estate agent, getting into a home will be difficult. Sellers are happy to let a buyer’s agent have the code to their lockbox to show their home. However, they’re not willing to allow an unlicensed stranger total access to their home. This means that you’ll have to visit the property when either the seller or the seller’s agent is available, making scheduling showings both time-consuming and difficult.
Because of this, most individuals who choose to go it alone tour the majority of their homes during open houses, when the home is open for anyone to tour, without an appointment. This puts you against strong competition since you likely won’t be the first person to see a home (a problem in a tight market). On top of that, the agent hosting the open house represents the seller. Any questions you have for them about the house will produce answers that have the seller’s best interest at heart, not yours.
When you tour a home with your agent, you not only have access and privacy, but you also have an advocate whose fiduciary duty is to look after your best interests.
You’ll have access to a Rolodex of real estate service professionals. In the course of your transaction, you’ll likely need a lender, a home inspector, and a real estate lawyer. Clients often ask me for a personal recommendation, for someone whose personality and style matches theirs. As an agent who’s worked with many real estate service professionals over the course of my career, it’s easy for me to find a good fit. But without that knowledge, finding the right provider can be challenging.
Similarly, clients often have questions about home improvement. An experienced agent will have recommendations for handymen, plumbers, painters, general contractors, floorers – basically, any type of service you’d need to spruce up your new home.
Can I Save Money by Not Having a Real Estate Agent?
Having an agent on the buy-side is free. People have an idea that they’ll save money by not using an agent to buy a home. This isn’t accurate. The entire commission on a home purchase is paid by the seller to the listing agent, who in turn gives part of the commission (usually half) to the buyer’s agent.
Real estate agents will do the paperwork for you. Have you ever done a comparative market analysis (CMA) or drafted a purchase agreement? These are not skills that are easily learned. Creating and interpreting a CMA report, and crafting a successful offer, is an art that takes a certain level of expertise to perfect.
How to Find the Right Real Estate Agent
Finding a good agent is important. Ultimately, you will want an agent who’s knowledgeable, dedicated and who has no conflict of interest. At Redfin, we’re committed to you: Redfin agents are paid a salary and receive bonuses based on customer satisfaction. Moreover, because our agents specialize on either the buy or sell side of the business, you’ll never have one Redfin agent representing both the buyer and seller in a transaction, which can be a major conflict of interest.
And, finally, at Redfin, we believe in transparency. All of our agents’ reviews (good and bad) are published on our site, so you can see what other buyers and sellers have said – and make your decision accordingly. Choosing the right agent for you is just as important as choosing to have an agent at all.
Randall C. (Randy) Anderson, REALTOR®/Agent
LOCAL PROFESSIONAL COMMITTED
Mo v e R e a l t y , L L C
Licensed In Louisiana Agent License: 58902
112 E. Cornerview St Gonzales, LA 70737
Office: 225 644-7797 Mobile: 225 921-9777
FREE Search | ALL Area Listings | ANY Time
OR USE MY MLS MOBILE APP WHILE YOU ARE ON THE GO!!
Simply text "randy" to 225-310-6511
Videos - YouTube Channel: http://bit.ly/MoveRealtyRcAVideos
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