Buying a home can be a confusing process. There are a lot of details to think about, and that’s when people decide to hire a real estate agent. However, if you are one of those who think that they can do it by themselves – you’re right, too. A DIY property purchase is possible, for sure. Just before you do it, let’s go through the main advantages and disadvantages of buying a home without a real estate agent.
Buying a home by yourself- you can do it!
When you decide it’s time for buying a home of your dreams, you need to make a lot of important decisions. One of them is going with or without a realtor. If you decide to do it on your own, you’ll experience a number of benefits:
- If you have enough time to browse homes – this will be a fun time for you. You’ll choose a house that you really like. Your decision will not be affected by realtor’s info about the market, trends, personal preferences, etc.
- You’ll save money – Hiring a realtor can be expensive. If you do it on your own, you’ll have more money to spend on the moving process, for example. Invest in good packing supplies and bins to use for storage purposes, so you can be sure your items are safe while you move to your new house.
- The process will be more direct – Avoiding the realtor as the middleman gives you more control over the negotiating process and more personal communication with the seller.
- Buying a familiar property doesn’t require a real estate agent – If you decide to buy a house from a friend or family member, you’ll have a more direct and comfortable purchase where you don’t need a realtor.
Cons of buying a home without a real estate agent
If you are not sure whether you can do it alone, let’s go through the main cons of buying a home without a real estate agent:
- No matter how badly you want to do it on your own, real estate agents know it better – You can’t deny the experience and knowledge of real estate agents. They are more familiar with the process than you.
- It’s difficult to determine a house’s value – Realtors have seen many homes in their career. They know which details you should pay attention to, and how to determine the value of a house much easier.
- Negotiation will be much easier – If you haven’t done this before, negotiating the price of a home may come confusing and hard. After you find a decent real estate agent with enough experience, they’ll help you get the best possible deal.
Once you finally decide what best works for you, you can begin the house hunt. However, don’t forget to slowly prepare for the moving process, since you never know when a good house will pop up. Browse for a trustworthy moving company, declutter your home and start packing the things you don’t use often. Check capitalcitybins.us for eco-friendly and safe storage solutions as well as the packing supplies. Be ready and wait for the time to relocate – a good house may just be around the corner!