In many areas of business you may be able to navigate through just fine but using a realtor to buy a home is the most efficient method. Many people become self-taught on specific topics such as buying or selling a home, which is great, but is it likely to take significantly longer than using a realtor? Yep.
There are many tricks of the trade that a realtor knows, since they do it for a living. If you do not have the time to dedicate to the nuances of real estate, and the patience necessary, you may miss out on many opportunities.
Realtors know the ins and outs of the market. They know the areas that they are showing you the homes in, they know the neighborhoods and the school systems. These are factors that the buyer or seller may not be willing to disclose to you, especially if it would not be of a benefit to them. Realtors have a vast network of connections in many areas to make sure all of your questions or concerns are addressed.
Let’s say you are able to get through all of the necessary steps to buy or sell a home, and negotiations begin. Do you have enough time in your day to go back and forth with the selling agent and the seller with putting in offers? Especially in todays market, if you cannot be responsive, your offer is likely to be rejected and the seller will move on to the next offer.
One of the common misconceptions of buyers looking to not use a realtor is they believe that they are saving money on commissions and fees the realtor may charge. This is actually something that is covered by the seller and the selling agent if one is used. While there may be some fees associated, the amount is minimal in comparison to the headache and time you save by using a realtor.
Let’s say you are able to navigate through the buying process and your offer is accepted. Great! The job must be done, right? The job is actually not even close to being done. After the offer is accepted begins the process of inspections. Do you have the connections a realtor does in order to make the inspection process streamlined?
Unless you work in the industry yourself, it is highly unlikely for you to know those specific people necessary to complete the inspections. Your realtor will know all of the people to get in contact with to make sure your home gets the proper inspections in a timely manner.
So in all, it is possible to buy or sell a home without a realtor, but the headache and time wasted by not knowing the proper ins and outs of the industry make hiring a realtor all that more necessary. Not only is this going to save you the trouble, it is not even going to cost you an arm and a leg like some people may make you believe.
Get in contact with The Katie McNeill Team today if you are looking to buy a home! We would love to speak with you in person.