When people are on the buying end of the real estate market, many might find themselves wondering, “Do I need a real estate agent to buy a house?”
The simple answer is, no, you don’t need a real estate agent to buy. If you’re a buyer, it’s possible to do the research, work through the negotiations, make an offer, and sign a contract without the guidance of a real estate professional. However, it’s not a decision that should be made lightly.
While there are valid reasons why some people don’t hire a real estate agent to buy (also called a “buyer’s agent”), real estate agents are invaluable when it comes to advocating for your needs as a buyer and making sure you get a fair deal.
To help you make a fully informed decision, let’s go deeper into the question, “Do I need a real estate agent to buy”, and explore why a buyer’s agent can be a major asset, and when it might make sense to go without.
Why People Choose Not to Work With an Agent
The number one reason people often forgo working with a buyer’s agent is to save money. Buyer’s agents often make anywhere from 2% to 3% of the purchase price and while it’s technically the seller’s responsibility to cover commissions for both seller’s and buyer’s agents, this price is normally wrapped up in the price of the home.
Outside of money, other reasons people have for going without an agent include being an experienced purchaser (think investors), knowing the seller personally, or buying a new build and negotiating directly with the builder.
Do I Need a Real Estate Agent to Buy? 3 Reasons You Should Consider Having One.
Now that we’ve covered some legitimate reasons why some people may prefer to work alone, let’s look at why a buyer’s agent is an asset for most home buyers.
1: Buyer’s Agents Handle All the Negotiations
First, buyer’s agents are skilled and experienced negotiators. Unless you’re dealing with a relative or a home that is for sale by the owner, chances are the home sellers will have a real estate agent on their side who will be trying to get the most for their clients.
As a buyer, it makes sense that you would want the same. Buyer’s agents can take charge of the negotiations once you put in an offer to make sure that you’re getting your new home for a fair price.
On a related note, buyer’s agents are also intimately familiar with the housing market. As volatile as the market can be, it’s usually hard for buyers to keep up with changes that might impact housing prices. Buyer’s agents can handle this for you and assist you in making a competitive but reasonable offer.
2: Finding the Right Home is Easier with a Buyer’s Agent
If you’re looking to buy, you might have noticed that researching towns, neighborhoods, and homes can be a daunting task. With a buyer’s agent, you’re gaining access to someone who is well-versed in the research required. And, as a bonus, they probably already have a working knowledge of the area you’re looking to move to.
As a result, buyer’s agents can make recommendations based on your needs and wants, narrowing down the field so you can find the home that’s right for you. They can also provide you with information that you might not have even thought of.
On top of this, buyer’s agents have full access to home listings, even those that don’t appear on websites like Zillow or RedFin. With this information, a buyer’s agent can help you find a home that meets your needs and is within your budget.
3: Buyer’s Agents Can Help You Navigate the Entire Process
Finally, a buyer’s agent can help you navigate the complexities of the entire real estate purchase process. An experienced agent can ensure that all necessary inspections are performed and can also request and review seller disclosures to identify red flags before you sign any paperwork.
Speaking of contracts, buyer’s agents are also invaluable when it comes to deciphering the legalese. They can help ensure that specific contract clauses and phrasings are in place to protect your interests as a home buyer.
Do I Need a Real Estate Agent to Buy? CENTURY 21 Bolte Real Estate Can Help Your Decide.
CENTURY 21 Bolte Real Estate has been serving home buyers and sellers in North Central Ohio for more than 80 years. With deep roots in the area and decades of combined experience, our agents are handpicked for their dedication to client service, communication, and the wider community.
If you’re looking to buy a home in North Central Ohio, we’re here to advocate for you. Connect with us today to get started.