The importance of using the services of a realtor when buying a home

As a first-time homebuyer, can you find and buy a property on your own, without engaging the services of a buyer's agent? The answer is yes. After all, no laws in place prevent you, as an individual, from buying a property without professional real estate assistance. You can search for homes, arrange showings, and even negotiate on your own. The real question is: do you want to do it all on your own?

If you do make up your mind to "go it on your own," your choices will obviously be very limited. The only properties that you can buy without the invaluable assistance of a professional real estate agent like John P Wells are those that are "for sale by owner" (FSBO), generally a small percentage of the market. Many real estate analysts have found that the asking prices of most FSBO properties are equal to, or higher, than those listed by real estate agents. So, how do you really know what a property is worth and where are you going to get the necessary information that will let you analyze the most current home sales for that model, that tract, and that area?

To make a determination whether or not the house is worth the asking price, you will need to either get your hands on an objective appraisal to accurately determine a realistic price range for the property or develop your own determination of value. Is this something that you have the time and know how to do? If not, then, in that case, securing the services of a reputable real estate agent would be the best route to take. Professional realtors like John P Wells from Newburyport will consistently send you profiles of all the homes per your specific criteria until you find one you love. If you are serious about buying a home, then you need to know the minute a listing comes on the market.

To sum it up, unless you really know how to represent yourself in a real estate transaction or have the necessary resources to determine an accurate analysis of the real value of the property that you are going to make an offer on, it would be in your best interest to be represented by a professional real estate agent.