It is very common for buyers to call me after the deal fell through and say “I can’t do this on my own.”
Number one, an amateur buyer is almost always negotiating against someone who has real estate insight or an attorney. Also, a buyer’s agent will do a comparative market analysis to understand the value and the right price. Sometimes homes are listed higher than the market, the appraisal comes in low and the deal falls apart.
By that time the buyer paid for all the inspections, which costs about $1,000 to $2,000 with no way to recoup.
Another service we provide is an insight into local crime statistics and school reports as far as test scoring, teacher to student ratio.
Further in the buying process, there are a lot of activities between an offer and closing that is almost overwhelming. We line up all the different parties between the lender and title company to make sure they are coordinated.
People should also know that some buyers can have an agent paid for by the seller. This way you get free representation. Why wouldn't you want someone to advocate for you?
I would always welcome any questions or concerns about real estate.
Support City Pulse - Donate Today!
No comments on this item Please log in to comment by clicking here