You can buy a house without a real estate professional’s help, but should you? The primary job of a real estate professional is to protect your best interests as a consumer when you’re buying (or selling) a home.
Most U.S. homebuyers opt to enlist a real estate agent and broker when buying their home, according to a 2021 National Association of Realtors® Buyers and Sellers Trends report.
There are a few things to consider if you’re thinking about forgoing an agent’s help.
Builders often have knowledgeable, dedicated selling agents you can work with to buy your or build your next dream home.
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You can buy a house without a real estate professional’s help, but should you? Here are some things to keep in mind if you’re thinking about going it alone.
93% Homebuyers searched for homes online at some point in their home search
75% RE agent’s commissions were paid by sellers, not homebuyers
*Statistics from 2021 NAR Home Buyers and Sellers Generational Trends Report, National Association of REALTORS®: March, 2021. (Pgs. 65, 69, 70, 71, 140). https://www.nar.realtor/sites/default/files/documents/2021-home-buyers-and-sellers-generational-trends-03-16-2021.pdf
Agents can readily access information during your home search, such as:
It can be easy to overlook potential issues in a house you walk in and instantly want to buy. An agent can serve as your objective eye.
You may be negotiating the price through the real estate agent representing a seller. Agents are trained to help you negotiate the best price for the home you want. Doing it yourself can get tricky if you don’t know how to do it.
Real estate transactions involve a lot of paperwork, including legally binding contracts. An agent can help you navigate your way through the buying process and sales contracts. Consider hiring a real estate attorney if you’re going it alone.
Unexpected emotions or frustration can crop up during the home-buying process. A real estate professional can help offer a clear perspective on a situation.