Buying without a Real Estate Agent? Consider the risks of buying with a real listing agent.
Nearly 20% of people would only take the risk of buying a new home without a listing agent. Many, however, sell their homes on their own. The main reason for this is losing money to a real estate commission.
But if you’re trying to buy, instead of selling a home, it might be best to consult your buying agent. One thing for sure is these unpresented type of sellers could take advantage of you.
It’s fairly common for home buyers to be cautious in hiring a real estate agent. Agents are often under the misconception of being synonymous with deception and think that real estate agents only care about closing in deals for themselves and not their clients.
We’re not saying 100% of real estate agents are clean out of this, but only a small percent has caused a bad rep to the profession. Most of real estate agents, including Buy Like Rent, truly care about their client and will offer the best quality service that they could.
Not sure if taking to a real estate agent is worth the risk? Then let’s re-evaluate these said risks through the following.
Risk of Home Buying without An Agent
- Negotiations
Setting up a negotiation is a part of a real estate agent’s duty and to come up with a deal that will most benefit their client. Hence, you will have to make your own negotiation and consider your dealer’s price without a real estate agent which can cause some major risks. - Seller Disclosure
Sure, Florida has a seller disclosure law that everyone is entitled to receive. This does not guarantee that most seller will purposely release some vital information about the deal, though. A real estate agent’s network of connection and nose for deception can easily unveil withheld information from the burrows early. - Closing Costs
Real Estate Agents professionally calculate the right closing costs no more than the minimum of what you really need pay. Your dealer might ask you to pay for everything. - Paperworks
Real Estate Agents are the ones in charge of the paperwork filed between a deal as well as understanding them for its clients. Without an agent, there could be some difficulties in understanding the difference between a disclosure, agreement, and added confusion on what you really have to sign. - Mortgage
You will be in charge to find your own mortgage without a real estate agent. Some reports difficulty on their lender closing in on time as well as receiving the most beneficial rate and terms for a house buyer. - House Inspections
A real estate agent has developed a nose to identify if a home is in its top condition – or rather easily see sections that could have potential problems. This added inspection could help you loosen your deal to your benefit.
Most people always take advantage of others as long as they have something to benefit from. Best to leave it to the experts on how to avoid these deceptions as they may lead to bigger problems on your hands.
