Do You Need a Realtor When Buying a Home?
Video Summary
When buying a new home, many questions arise about the role of a real estate agent. The short answer is yes, working with a realtor is highly recommended. One reason is that, as the buyer, you don’t pay their commissions. The seller’s agent and listing agent split the commission fee, which is about 6% of the property’s price. Another reason is that realtors have insider knowledge, having networked with other agents, they can forward you properties not yet listed on the market, giving you a competitive edge. They also know the right questions to ask about the property, neighborhood, and previous owners, which can impact the property’s resale value. Real estate agents are skilled in the home buying process, navigating complex paperwork, and negotiating deals. Additionally, having a dedicated agent can be beneficial in the long run, potentially leading to future home sales. Considering the benefits, it’s recommended to work with a real estate agent, rather than trying to go it alone.
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