Why should I go with a realty company over house searching myself?
RobMorris9 asked:
Please help me what are some of the advantages of going with Realty Company instead of house searching myself?
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I can’t think of any. The selling agent is much more willing to sell to a buy who is not represented by an agent. This is because, if the buyer also has an agent, the seller’s agent has to split the commission with the buyer’s agent.
There are some buyer’s agents who will split the commission with the buyer. I would consider going with one of these agents.
Good question.
Most homes for sale are being sold by professionals and you need a professional to allow you access to view the property.
They will be able to show you all the homes in the area and price range you are looking for. He will advise you through the buying process. If you find a home you like he will be able to show you what homes are selling for in the area and help you make a wise decision on the purchase price. He will set up all the appointments with the sellers agent or owner to let you look through the home. Plus he will take you to several homes in a single day and you can use his gas instead of yours. Get an agent it won’t cost you anything the seller in most cases pay the commissions to have a home sold.
You can use the agent listing the home but they are representing the seller. Would you go to court and have your opponents lawyer represent you, probably not. You would want to find somebody to represent your interest. Same when buying a home, the only difference is the seller pays for your representation.
You aren’t hiring a realty company; you’re hiring a specific buyer’s agent. Most homes for sale are listed with a seller’s agent. The seller’s agent is working for the seller so they can’t actually advise you in any way.
Don’t get ****** in by agents who are willing to do dual agency. This means they claim to be working for both sides, so they’ll advise their seller and they’ll advise you, but they aren’t supposed to share with the seller what you say and vice versa. I don’t know any agents who are willing to do this out of fear of being sued if they slip up and share information they aren’t supposed to.
Without an exclusive buyer’s agent, you’ll have no one to help you gather data on what would be a fair price for the home you like, no one to explain the seller’s duties to you, and no one to advise you as you during the negotiating process. Above all, the seller’s agent will pocket the money meant for your buyer’s agent but won’t do a damn thing for you. Not hiring a buyer’s agent is like throwing away money.