Buying A House Without A Realtor: Pros And Cons

Buying A House Without A Realtor: Pros And Cons

Everyone who sells or buys property always thinks about a necessity of hiring a real estate agent. Portrayed in many films negatively they seem to do nothing and get huge money for that. However, people who have experience of either buying or selling a home would more likely agree that a realtor has played an important role in that experience. So, if you are not ready to pay a sizable commission from your pocket or wish to try your own hand in real estate business, evaluate the benefits and drawbacks of buying a house without a realtor and only then make your final choice. If you are looking to buy a house you will need to find a good mortgage to help towards buying it.

Benefits of buying property on your own

Benefits of buying property on your own

From 10 to 15 percent of buyers avoid realtor assistance in buying a house. When you hire realtors Blacksburg you should not only pay money but also deal with a human factor as all people are different. That is why most of the benefits connected with working on your own are mainly connected with these issues. Here are some of them:

1. Saving money

Saving money

The greatest benefit of buying a home without realtor help is the absence of the commission. It may seem greed to someone, but are you ready to give away your toughly earned money? Undoubtedly, there is always anything more important to spend them on.

The sums of money vary greatly as usually, realtors take some percentage of the total cost of the property. Consequently, the more pricey home you buy, the more you will give to a realtor. Wouldn’t it be more reasonable to stage your newly bought house or celebrate a purchase with a housewarming party?

2. No middle man between a buyer and seller

There is always a misconception that realtors can cheat you to sell a property faster and for bigger money. However, this thought deserves to exist as people tend to present anything they wish to sell better than it really is. Realtors are experienced liers and psychologists so it is not difficult for them to persuade a non-confident person. Moreover, inability to communicate with the seller may provoke some realtors to increase the property price for getting higher profits.

If you speak with a seller directly, you get a number of benefits. You can not only learn a real cost of the house but also negotiate it. By doing so, you will both save on realtor services, like weichert realtors beaufort sc, and therefore the cost of the house. In addition, you can ask a seller any questions you wish and even without any professional knowledge spot if there is anything he wishes to avoid saying or showing.

3. More time and a bigger number of listings available

If you hire a realtor, that means that you need to find a home faster. Realtors do not like to stretch this process for months so they start offering everything they have on a list to make a deal faster. However, it reduces the chances of a buyer to find a house of his dream. First of all, most of the realtors wish to sell property they were hired for, so they will suggest these homes from the very beginning and rather persistently.

At the same time, buyers can look through hundreds of listings on their own and choose those homes that meet their preferences. They can do that for months and years and nobody will hurry them to sign a deal.

Drawbacks of avoiding realtor help

Drawbacks of avoiding realtor help

Though somebody does not admit hiring realtors, in reality, their assistance can very very useful under some circumstances. As a result, a person experiences a number of challenges and has to cope with them alone. These are some of them:

1. A necessity to find answers to many questions and complete much paperwork

A necessity to find answers to many questions and complete much paperwork

When you just start looking for a new house, you think only about its look, condition, and price. But when it comes to making a purchase, a variety of questions appear and not always you can find answers to them on the Web. First of all, these are papers connected with home owning and processing payment. It is not safe to carry huge sums of money in the pocket.

A professional realtor can advise you how to secure financing and will provide answers to all questions connected with buying property.

2. You lose some great advantages

A realtor can be a good assistant in many situations. You can rely on his professionalism in the following cases:

  • Choice of property;
  • Negotiating the price;
  • Order a home inspection;
  • Research the cost of utilities;
  • Organising showings;
  • Learn about neighborhood;
  • Finding the history of this property;
  • Looking at property without visiting it (virtual tours);
  • Preparing documents for a purchase etc.

All these challenges require time and effort but a realtor can do everything for you.

3. A realtor can represent your interest if you buy property in another city or country

A realtor can represent your interest if you buy property in another city or country

If you look for property abroad or in the other city, you will need a person who can learn all the details about the property and prepare everything. Not all people have time and extra money to live somewhere for a long period of time as only property preparation for sale takes several days, let alone many other issues. A realtor can complete everything for you.

Moreover, sometimes information mentioned in the listings has nothing common with a real house, so a realtor will spot that thanks to his professionalism.

4. Overpaying

Overpaying

Buying a home from the owner is not always cheaper. Everybody wishes to get the most of the property they own and prices can be exaggerated. Being not aware of the actual home value and average prices for similar properties you will give more than you could.

In addition, overpaying can result in appraisal problems and legal mistakes as well.

Conclusion

It goes without saying that nobody wishes to pay extra money for realtor services, but it is the same as to hire a lawyer to represent you in the court or pay for a visit to a doctor. You can do that yourself thanks to the abundance of the information on the web, but are you sure to get the results you hope for? Professional assistance is a great benefit in any situation and buying property is not an exception. It is better to give 5% of the property cost to a realtor than be cheated and lose the whole sum of money. However, everybody makes his choice himself.

Written by
Andrew Zlobin
CEO/Founder of spotlessagency.com

Related entries

When it comes to 3D modeling, virtual staging, and architectural rendering, we know that you want the details of how it works and how it can benefit you and your business. These recommended articles will give you the inside track on everything we do, and we’re sure you’ll find them to be as entertaining as they are informative.

image

Virtual Staging

Maximizing Savings and Enhancing Property Value Through Virtual Staging

In the dynamic world of real estate, the art of staging has long been a pivotal tool in attracting buyers and accelerating property sales. However, the traditional method of physically furnishing properties comes at a significant cost, involving both professional designers and the expenses associated with furnishing. A modern solution to this age-old challenge has emerged in the form of virtual staging. This cutting-edge technique not only unveils the potential of vacant properties but also draws a wider audience, thereby expediting property transactions. One of the most compelling facets of virtual staging is its potential to save money for property owners and real estate professionals alike. In this comprehensive exploration, we will delve into multiple ways virtual staging contributes to cost-effectiveness while elevating the property selling process.

Read article Read article
image

Virtual Staging

Common errors in outdoor space staging

Outdoor space staging is an integral aspect of presenting a property in its entirety, showcasing its potential for relaxation, entertainment, and leisure. However, achieving a harmonious and visually appealing outdoor space is not without its challenges. In the quest to create an inviting alfresco atmosphere, it's essential to recognize and rectify common mistakes that can detract from the overall appeal. This paper delves into five critical errors that often plague outdoor space staging, offering insights into how to avoid them and create outdoor areas that captivate potential buyers and leave a lasting impression.

Read article Read article
image

Virtual Staging

How To Find Quality And Affordable Interior Design Providers?

When it comes to transforming your living space into a place of comfort and style, interior design plays a pivotal role. However, many people assume that hiring an interior designer is an expensive endeavor reserved only for the affluent. In reality, there are numerous ways to find quality and affordable interior design providers who can work within your budget while creating a stunning and functional space that reflects your unique personality and preferences. In this article, we will explore some practical tips and strategies for finding interior design professionals who offer both quality and affordability.

Read article Read article
image

Virtual Staging

Top Home Staging Books: List By Spotless Agency

There are quite a few ways you can sell your home. You could do it all independently, you could use a real estate agent or maybe you’re in a rush and need to use we buy houses Sacramento. Which ever way you’re selling your home, home staging can be a big part of getting a good price for your house. Home staging ideas can be found in different sources and books are among them too. Some suggest that having the right garage floor coatings can make or break the sale for perspective buyers. Keep that in mind when staging your garage, assuming you have one. Today it is very popular to try your hand at writing and many interior designers do not lose this chance as well. They compose books on different topics including home staging, so here is a list of the best home staging books to read this year. If you’re looking for ways to protect your home’s value, take a look at home warranty reviews.

Read article Read article
image

Virtual Staging

10 Best Home Design Blogs To Subscribe And Learn From

The design is a creative art as well as science so you should always be in search of new ideas and knowledge, for example, they might decide that the newest thing will be how about some matching floor and ceiling lights? That could be the latest in ideas, however, times might be changing soon enough. If a designer does not keep up with modern trends, his projects get lost in the abundance of others and become outdated. That is why every designer should have time for self-improvement and be aware of the innovations and novelties of the industry. If you are thinking about redesigning your home, but are unsure about what to get, or how to go about it. Then the one thing that you could do would be to take a look at something like this bistro furniture, or you could take a look at these window treatments, however, there are loads of things that you can do and take a look at when it comes to redesigning your home, such as revamping your windows inside and out with shutters from home design companies such as Shuttercraft. The best way to follow modern trends is to look for inspiring ideas among professionals. Many famous designers share their vision in popular interior design blogs, so here are top 10 best home design blogs to read.

Read article Read article
image

Virtual Staging

Perspectives Of 3D Real Estate Tours

Virtual 3D tours have struck the real estate market quite recently. They have been used for about 3 years only and firstly were created only for luxury property to impress the potential and wealthy buyers. I can imagine Eddie Yan homes for sale will probably take advantage of this fantastic technology at some point. It is not a secret that rich people can afford going to different corners of the world to see the property they wish to buy, but the appearance of 3D virtual tours has simplified this procedure as you can see a home on sale without leaving your home, real estate agency office or country. Moreover, the first 3D tours required new technological devices and software and were rather expensive so ordinary sellers could not afford it. However, when real estate agents have appreciated the benefits 3D tours bring, a demand for this service was growing and more and more companies began to offer similar services. That allowed to make the price lower and spread the service to the property with the average cost. It would be interesting to see a real estate tour for different places. Nowadays, there are many arguments on the point if 3D tours can be called the future of the real estate market as there are supporting evidence of both its pros and cons, but it seems that realtors are not ready to refuse from showing homes on distance due to a number of unsurpassed benefits tours provide.

Read article Read article
image

Virtual Staging

How Much Should I Spend On Virtual Home Staging?

Due to the popularity of virtual staging services many companies wished to take their place in this direction, however, there are only several professional companies that major entirely on VR and guarantee high-quality solutions from experts.

Read article Read article
image

Virtual Staging

Why Do Some Apartments Never Find Their Buyers?

Real Estate business has many underwater stones. Much of the important information about the property on sale is kept secret from the potential buyers. In addition, there are some reasons for the property to remain in the market for months, years and the owners do not ever get profit from selling them. Though it may seem that every product has its buyer, sometimes the requirements of the sellers are so exaggerated that a property is only getting older and never bought by anyone, houses for sale in mississauga doesn’t have this issue though. Let’s analyze why buyers categorically refuse from buying property and what astonished them most of all.

Read article Read article
image

Virtual Staging

Real Estate Photography - Should It Be Art?

With the invention of the photo camera everyone, who uses it tries to make his images more beautiful and meaningful. Today, photography is regarded to be an artistic activity and numerous exhibitions displaying photos take place all around the globe. Real Estate photography takes a separate place in the field as it is of utmost importance to provide the potential buyers with listings that will refer to their emotions. Only in this case, the probability of selling a home will be several times higher. It is not enough to be a talented photographer to work in the real estate business. You should combine designer, director, technical and many other skills to create pieces of visual arts. That is why in this article we will focus on the information that will help ordinary photographers transform their routine work in the creation of real estate business masterpieces.

Read article Read article
image

Virtual Staging

3 Essential Tips To Make Your Real Estate Website Stand Out

Whether you are a big international company or local agency, it is impossible to run real estate business successfully without a website. It is not only a platform to show your listings to the potential buyers but also a place where customers can learn information about your agency, find information about realtors working there and ensure that it is safe to deal with you. At the same time, there is hardly any real estate company that wishes to pay huge sums of money for marketing and a good website can substitute a variety of billboards, TV or printed ads. You must realize that it is the face of your real estate agency and it must be appealing to the visitors. It is natural that a real estate agency website should include information about this company. It would be nice if you provide photos and short descriptions of realtors working there for the potential sellers to make their choice in their favor. This information is usually indicated in the About Us section. Other important features of a decent website are contact information and license provided there. It would be also nice to have some testimonials from your clients and offer some exciting content to encourage interested people to stay on the site for a longer period of time. But there are three more essential features to consider when you build a real estate agency website that can not be ignored in any case.

Read article Read article

If you have any questions we will happy hearing from you

Address

610 West Broadway, Suite 201

Jackson WY, 83001