A byproduct of a buyer-friendly real estate market, widely accessible information on home-buying process, and easy-to-use real estate listing Web sites, may buyers believe they can navigate their purchase themselves. Creating a separate breed of Buyer's unrepresented by a buyer's agent or BUBBAs.
They think they can buy without a professional. It's like when people have aches and pains and say, "I can go to WebMD and figure out (a remedy).
According to the National Association of Realtors, 2006 Profile of Home Buyers and Sellers. 23 percent of homebuyers, last year, didn't use a real estate practitioner to make their purchase, up form 19 percent in 2005. Most of those buyers -- 13 percent in 2006 -- bought directly from a builder or a builder's agent, the research shows, and 1 percent bought through a foreclosure or trustee sale. Leaving 9% who bought directly from the previous owner.
Some first time buyers mistakenly think they'll have to pay the commission if they use a buyer's agent.
Some think that they will get a better deal...however, Buyers shouldn't make the assumption that they'll get a better deal from the Seller just because they're not represented by a real estate agent. Why would the Seller ever pass the savings on to the Buyer???
An Agent can help in finding the right home, help with price negotiations, help with paperwork, help in determining what comparable homes are selling for, and help determining how much they can afford.
(as published in Realtor Magazine)
They think they can buy without a professional. It's like when people have aches and pains and say, "I can go to WebMD and figure out (a remedy).
According to the National Association of Realtors, 2006 Profile of Home Buyers and Sellers. 23 percent of homebuyers, last year, didn't use a real estate practitioner to make their purchase, up form 19 percent in 2005. Most of those buyers -- 13 percent in 2006 -- bought directly from a builder or a builder's agent, the research shows, and 1 percent bought through a foreclosure or trustee sale. Leaving 9% who bought directly from the previous owner.
Some first time buyers mistakenly think they'll have to pay the commission if they use a buyer's agent.
Some think that they will get a better deal...however, Buyers shouldn't make the assumption that they'll get a better deal from the Seller just because they're not represented by a real estate agent. Why would the Seller ever pass the savings on to the Buyer???
An Agent can help in finding the right home, help with price negotiations, help with paperwork, help in determining what comparable homes are selling for, and help determining how much they can afford.
(as published in Realtor Magazine)
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