When contemplating whether to buy or sell a home, most people are torn between going solo or working with a realtor. Each option presents its unique list of advantages and disadvantages. Well, as much a this depends on the perspective you are viewing it from, you will realize that a realtor offers more benefits that those realized by do-it-your-selfers.
To a buyer, it is always advisable to use the services of established realtors. The primary reason most buyers prefer using broker services is that buying services are usually free. The seller pays the realtor, and his commission is usually part of the listing fee. The buyers role in this process is to pay the asking price and not to hire a realtor.
A Wide List to Choose From
Beyond financial reasons, realtors provide you with multiple choices to choose from. This is attributed to the fact that most of them have direct access to the Multiple Listing Service (MLS) in that area. As such, you only need to provide them with a few details about the property you are looking in exchange for a list of homes that matches your preferences. In case you have questions about the list provided, a good realtor can always provide you with what you want.
Visiting the Property
From the various options you receive, you should narrow your scope to a few properties that match your preferences. At this point, working with a realtor is key. You will probably want to visit and the houses you select. However, most sellers do not allow “fake” buyers to view their properties for different reasons. In this regard, a realtor should accompany you. Besides, some listings require a unique code for visitors. However, only licensed dealers have access to these codes and not buyers.
Once you have settled down and decided the property you want, a Realtor should help you strike the best deal. As such, he/she can help you prepare the offer documents and guide you through a list of all processes that preceded making payment and transfer of ownership documents. These services include home inspections, review of contract documents by real estate attorneys and processing mortgages. In case you do not have an attorney or home inspector, a good Realtor …