First house-buyers often come around a lot of misconceptions and vague expressions about agents as well as the deals that involve with them in this financially crucial process. To avoid those erroneous beliefs, buyers should first investigate on their own before making any predilections. A lot of people, who have the experience of buying a house, always recommend others to hire a real estate agent because there are many benefits that come along with a buyer’s agent. But a newbie can also suffer some dropouts while assigning an agent. For that, it is a must for everyone and especially the first house-buyers to thoroughly understand how these agents work and what consequences they can bring with them. To make it all easier for our readers, we have gathered below some interesting advantages and disadvantages of real estate agents.
- There isn’t any set law or rule that can stop you from buying a property without the help of a real estate agent. But to avoid any messy condition, an agent is always a better option when it comes to dealing with property. Hiring a proficient agent will save you from a lot of risks as they are much more experienced and they dutifully keep a buyer’s benefits up front.
- A loyal and scrupulous agent always put a buyer demands on front and search for a house accordingly. They set price on a house by keeping in mind the amount their clients can bear. Their foremost responsibility is to keep their clients happy with the house they choose for them.
- An agent facilitates buyers with home inspections and always be there to bargain during negotiations, repairing of house, and at the time of closing process.
- Most importantly, a buyer does not have to be worried about the commission of their agent because it is paid from the seller’s pocket.
- An agent will always have more options with regards to properties available in their client’s favorable area because their Real Estate Agency enlists all the available selling houses.
- A decent real estate agent has eyes of an eagle as he can easily find the hidden flaws that a buyer cannot point out during his visit to the house. An agent can also arrange a good home inspector to make it a lot easier and less painful for buyers after the purchase.
- Although there are not many flaws that are found in a real estate agent until you hire someone who is not suitable for your sorts. Hiring an agent is a risky business that requires a lot of research and recommendation. Always ask suggestions from your friends and family members when it comes to hiring an agent. An experience agent who has worked for your friend is always better than an agent you get to know via internet because you never know whether they have enough clients in their hand or they are deceitful.
- Don’t trust an agent by simply looking at his profile on his website. Some of them are always fake as well as the written recommendations. Prepare a questionnaire when you first meet an agent and see if he has any experience related to the locality you want to buy your property in.
- Understand whether the agent you are hiring is exclusive or does he work as a dual agent. Dual agents represent both seller and buyer, and in their case, they mostly keep defects and imperfections hidden from buyers because their main concern is to sell the house no matter what. Also, don’t fool yourself and think that the realtor hired by seller will keep negotiations in your favors, because their prime purpose is to sell the house for their clients (sellers) and not to keep buyer’s interests at front.
Buying a home on your own will give you the authority to control pace of the process as well as arrange house inspections and closing agents on your own. But you will still lack on the department of experience with the market. Hence, hiring an agent is not as big of a deal as most of the disbeliefs we hear. A knowledgable real estate agent will save you from a lot of trouble and give you the best comparative market analysis with your dream house.