Real Estate Agent |
RAINER 4,456 |
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Robert Bertone | ||
location_on Palm Beach, FL | ||
insert_link http://robertbertone-realtor.com | ||
web Robert Bertone's (r1bertone) Blog |
Do you absolutely need a Realtor to buy a home?
There's no law that says you can't go it alone.
But the real question is: "Why would you not want to take advantage of the free services of a professional whose whole career is spent helping people turn the dream of home ownership into reality?"
And in almost every case, it is the Seller, not the Buyer, who pays the Realtor's
commission on the selling price of the home. If you are a Buyer, using a Realtor doesn't cost you a cent - but it can save you thousands of dollars!
Some home buyers think that if they don't use a real estate agent, the Seller will be more amenable to lowering the price of the home...
These home buyers mistakenly think that if the Seller has the opportunity to pay less in commissions, he/she will share those "savings" with the buyer. Fair is fair, right?
It may seem logical, but in fact, it doesn't work that way in residential real estate. In listing their home, Sellers have already committed to paying the Realtor's commission. Whether you use a Realtor or not, it is unlikely to change the Seller's fee.What about "For Sale by Owners" (FSBO's) homes?
Without the Competitive Market Analysis that a Realtor offers, FSBO's are often overpriced. Assuming that you succeed in knocking down the Seller's price somewhat, you won't necessarily being paying less than you would have using a Realtor - and you may be paying a lot more than you should! You need the professional services of a Realtor to get you accurate, complete and relevant information.
10 Services you get at no cost!
1. Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
2. Assist the buyer in determining the amount that they can afford (pre-qualify), and show properties in that price range and locale.
3. Assist in viewing properties -- accompany the buyer on the showings, or preview the properties on behalf of the buyer to insure that the identified specifications are met.
4. Research the selected properties to identify any problems or issues to help the buyer make an informed decision prior to making an offer to purchase the property.
5. Advise the buyer on structuring an appropriate offer to purchase the selected property.
6. Present the offer to the seller's agent and the seller on the buyer's behalf.
7. Negotiate on behalf of the buyer to help obtain the identified property -- keeping the buyer's best interests in mind.
8. Assist in securing appropriate financing for the selected property.
9. Provide a list of potential qualified vendors (e.g. movers, attorneys, carpenters, etc.) if these services are needed.
10. Most importantly, fully-represent the buyer throughout the real estate transaction.
Understand the process.
Buying real estate is a complex matter and can be especially confusing for the first-time homebuyer. Do yourself a favor and learn as much about the process as you can before you begin. There are plenty of resources on the Internet, and most real estate offices will have pamphlets to explain things in plain language. You may also be able to research the real estate process by attending community-sponsored classes, or you can take a look at books like Home Buying For Dummies by Eric Tyson and Ray Brown, (IDG Books Worldwide, Inc.)