Realtors and the First Time Home Buyer

Realtors and the First Time Home Buyer

Realtors and the First Time Home Buyer

The fact that anyone can put their home up for sale on the Internet has led many people to do just that. Without a realtor involved in the transaction, these homeowners are figuring that they'll save some money by not paying commissions. This is like saving some money by never changing the oil in your car. You may find some good Edmonton house listings this way, but you can never be sure of what you're going to get. None of this has anything to do with honesty; these homeowners are just trying to save a buck, not rip anyone off.

A first time home buyer, however, can be easily made interested in a home that is exactly what they're not looking for. This is for the same reason that people oftentimes gravitate toward the worst possible cars when they visit lots: They don't fully understand the economics of what they're buying. A realtor understands not only the real costs of a home, but the costs of actually buying the house. There are numerous different processes that must be gone through to make this happen. The bank has to approve the mortgage, the inspections have to be passed and so forth.

While a private homeowner may have a great deal on paper, they may be selling something that will prove to be very expensive in the future. The homeowner may skip necessary inspections, for instance, and not even know it. A first time buyer may not even know that those inspections should have been carried out and buy the home unwittingly. Finding out that all the necessary inspections have been done requires that you're very familiar with all of the requisite paperwork. Most homeowners are not able to say as much about themselves.

Realtors can be invaluable to a first time buyer. These professionals know what paperwork has to be filed, and what inspections have to be done, before the home can be sold safely. If you don't have these done, you may find yourself buying a home that ends up costing far more than the listed price. There are great opportunities to be found among Edmonton real estate, but there are also significant risks that you take when you buy without being fully informed. To make sure you are informed, engage the services of a competent and experienced realtor. It ensures that you get a good deal.

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