If you are buying a home, you can either do everything involved in the transaction ranging from the search to the paperwork by yourself or use the services of a real estate agent. Each option has its own pros and cons. Here, we will be looking at the disadvantages of using the services of a real estate agent when buying home.
First, real estate agent may not have the type of home or property you are looking and he will talk you into buying one that he lists. However, controversial the above point may look like, one point that you should bear in mind is that real estate agents are into business. They make their money from the percentage they get from the sales. This means that if there is no sale, they will not make any money. Thus, common sense shows that they will do everything possible in order to make money. So, when they cannot find the type of property you are looking for, there is the tendency that they will talk you into buying the available one so that they will make their own gain. Secondly, they may also talk the seller into reducing their price not just for your own sake but to entice you and also make the seller to quickly sell the property so that they will get their commission.
It is more costly to find and buy a home via a real estate agent. If you are looking for the house by yourself, you will only spend time to find your ideal home but you will not be paying any percent to any person. Sometimes, depending on the location, some real estate agent may even require you to register for their service with some little amount of money which is referred to as mobilization fees. Yet at the end of the transaction or if they succeed in finding a property for you, they will still take some percent of the entire cost of the project. This means that you will pay more money on the property than you should if you do the search as well as the paperwork by yourself.
Using the service of a real estate agent will make you to be less careful and less active in the transaction. If you are searching for the house by yourself, you will try to be as fast as possible and also be more careful to ensure that you get what you are looking for as quickly as possible. But if you are using the services of a real estate, there is the tendency for you to relax and not making any effort because you believe that you hire somebody to do it for you and there is no need to worry yourself about that since you will pay him. The consequence of this as experience has shown is that you may experience delay and yet will not get exactly what you are looking for.
If you are searching for home through a real estate agent, one thing that you should bear in mind is that you are not the only person making use of the services of the agent. It is much likely for the agent to pay more attention to any of you whose transaction has potential to fetch him more money. Even, it is also possible for him to give a house that you may like to another simply because he thinks that he will make more money if the person buys the house.
The above are some of the disadvantages of using the services of a real estate agent in buying a home.