Why You Need a Real Estate Agent for Your Property Purchase

When you?re in the process of looking for a new home or considering purchasing real estate as an investment, the last thing you should do is attempt to do it on your own. Many buyers assume that acting as their own real estate agent will eliminate Realtor fees and thereby reduce the overall cost of the transaction, but the reality is that going through the process of purchasing property without a licensed and experienced professional can actually end up costing significantly more. While real estate transactions may seem simple enough on the surface, there are a number of complex issues that require the expertise of a knowledgeable agent in order to navigate the process successfully and establish an agreement with terms that are agreeable to all involved parties.

One of the most common mistakes made by buyers who are trying to purchase a home or land without professional assistance is to overlook or dismiss seemingly unimportant structural flaws or issues as being merely cosmetic or limited in scope. It?s especially easy when you have fallen head over heels in love with a house or property and are willing to agree to just about anything in order to sign on the dotted line and become the new owner. An experienced real estate agent has the background and knowledge necessary to pinpoint potential problems that could mean significant expenses down the road, which provides buyers with the options of walking away to find something less expensive and time consuming, or using the flaws as negotiating points to reduce the selling price. Negotiation is another area in which it is crucial to have an expert agent on your side; unless you?re purchasing directly from an owner, odds are that you?ll have to deal with the seller?s agent, who is far more likely to be willing to negotiate with a fellow professional than with independent buyers who have little to no experience with real estate transactions.

Though you might be tempted to try to go through your real estate purchase on your own without an expert, it makes much more sense, both financially and otherwise, to use the services of a licensed professional. Hire a qualified agent to guide you through the process, and you?ll end up saving more in the long run.

Source: http://www.talkoftheneighborhoods.com/business-wire-news/why-you-need-a-real-estate-agent-for-your-property-purchase/

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