Making the decision of hiring an experienced realtor for the purchase of your new home is just as important as buying the home itself.
Are you in the process of purchasing a new home, or perhaps considering doing so in the near future? If that’s the case, then you might be struggling with an important decision that ideally, you should have settled early on in your plans. That is whether you should hire the help of a real estate professional, and in this article, we’ll be putting the argument to rest. Let’s dive in.
Is hiring a realtor worth it?
The short answer is yes — you should definitely hire a realtor to help you through major real estate matters. They’ll be able to provide you with valuable, expert knowledge on whatever property you’re looking to buy, and you likely won’t have access to that private information without their aid. While their services might seem like an unnecessary cost, you don’t have to worry about that since typically, the seller—not you—is responsible for footing their bill.
Not hiring a realtor can mean you’re overpaying
Property values set forth by the seller are almost always overinflated estimates. The average homeowner has no practical basis for properly assessing the value of their house, and the same can be said for most buyers as well. This means that both sides of the transaction could potentially be misinformed — potentially putting the buyer at a heavy disadvantage.
When you choose to deal with a licensed realtor, you eliminate this risk since they’ll have the means to ensure a fair price so that both buyers and sellers can walk away happy.
Buying directly from homeowners can mean you don’t get the full picture
“Buyer beware” is a concept that can come into play—often to the buyer’s detriment—in real estate deals that don’t involve a professional broker. Individual homeowners are not held to very high standards when it comes to fully disclosing property problems, which can mean that buyers are not entitled to all the pertinent details regarding their decision.
Real estate agents, on the other hand, are required to disclose all information regarding a property, whether positive or negative, to potential buyers. If you want to ensure that underlying problems don’t suddenly come crawling out of the woodwork, then it’s best to have a real estate agent to talk to.
Not consulting with a broker can mean you miss out on a better option
Any real estate broker worth working with will have intimate knowledge of the area you’re interested in buying a property in. They might have insider information about better home options within the same locality, or might have access to special deals from homeowners. These are key insights you won’t ever have discovered on your own.
As you can see, there are numerous reasons why you shouldn’t buy a property without a realtor. Working with a professional realtor can be extremely advantageous for your search for a new home. They are valuable sources of important information that can ensure you’ll be making the best possible real estate decisions.
If you are interested in buying a property in South Windsor, please don’t hesitate to reach out to our real estate agents, and we’ll be happy to be of service.