Hey Jacci, I was wondering if I need to hire a realtor in order to buy a house? I know that a realtor is not needed to sell a home, but I'm unsure if, as a buyer, I need to hire a realtor.
This is a good question that I received recently, so let's go over it in detail.
According To the Law...
Although each state has its own laws when it comes to the topic of buying a house, you aren't legally obligated to hire a realtor or real estate agent to buy a home. Sometimes you only need a lawyer to help you complete the deal....but it certainly is helpful to have a realtor for tasks such as the preparation of purchase contracts.
What are Some Reasons to Hire a Realtor to Buy A Home?
Lets face it, buying a home is not an easy process. So, like anything else, hiring an expert is going to save you time, and (most likely) money.
Here are some specific areas where having a realtor on your side is crucial:
Yes, there will be paperwork, and there will be a lot of it. Realtors are used to dealing with it and know how to get it done fast. You don't. So...you get my drift.
2. Hiring Inspectors.
You don't want to go through the home buying process without hiring a great inspector to make sure everything is up to speed. I've seen people blow it in this department, and it always costs time and money in the long run.
Realtors work with home inspectors all the time, and we know who to hire in your area to make sure your home purchase is a solid one.
3. Securing Mortgage Brokers
In case you haven't noticed, realtors have TONS of connections. We have to cultivate relationships in order to be successful! And one of the vital relationships we have is with mortgage brokers who can help you get the house of your dreams.
Why sift through trying to find a good mortgage broker when I realtor can save you time and effort and do it for you? Why, indeed.
4. Realtors know the Specific Area You Are Buying In
Realtors will have a great grasp on their local area. This is crucial if you are relocating from a different state, from a different region, or even from a different town. Every city will have it's own ins an outs to navigate when it comes to properties, and you can trust local real estate agents to understand the nuances of these different regions.
Here Are Some Other Pointers About Using a Realtor to Buy a House
You Shouldn't Use the Agent Representing The Seller
It's more than likely that the seller will have their own agent working with them. And avoiding a "dual agency" situation can be beneficial to you, because the agent will be representing the best interests of the seller. I've definitely heard stories of some agents not making it clear that they are working for both people at the same time.
Be Specific About Your Needs #buyingahome
Utilizing a realtor when you are buying a house will be much easier if you are as specific as possible about your own goals and wishes when it comes to purchasing a new house. The more specific you can get about price, location, and amenities, the easier it will be for your agent to pinpoint the property that fits your unique needs. So do your research, sit down and identify your wishes, and let the realtor do the rest.
Need help buying a home in the Fox Cities/Appleton Area? Jacci Can Help.