Do I need an agent when buying a home?

By
Real Estate Agent with Keller Williams Realty Chesterfield

Do I need an agent when buying a home?

If you ask any REALTOR® that question they will tell you YES without even batting an eye.  Now me on the other hand will ask you 9 questions and then answer the question.  You see there are several items that a professional real estate salesperson can provide to you while in pursuit of your new home.  So ask yourself these questions if you are considering going it alone in your purchase of a new home without the assistance of a real estate professional.

  1. Do I have time to research the residential housing market?
  2. Do I have the knowledge to integrate and understand the information available to me?
  3. Can I integrate the information available on the real estate internet sites into useful data that can help me accomplish my goal of home ownership?
  4. Do I have the expertise to negotiate on my own behalf?
  5. Do I have the ability to find a qualified home inspector?
  6. Do I have the time to research the home loan programs available in the market?
  7. Do I have the time to interview mortgage loan officers?
  8. Do I have the time and expertise to target market, if necessary, for the type of property I am looking to purchase?
  9. Do I know the zoning regulations and building codes pertaining to residential real estate in the area I am interested in moving to?

Answering NO to any of these, and they got tougher as you moved along, suggests that you do need the help of a seasoned real estate professional.  Purchasing a home is probably going to be the largest single purchase you will ever make!  Don't go it alone.  Use a REALTOR® to help you in the purchase of your new home.

If you are looking for a new home and a REALTOR® that knows the St. Charles County MO marketplace and one that has call O Fallon MO home for over 15 years give me a call.  Call Don Rogers at 314-954-6775 or email me at Don@DRogersHomes.com and we can start you home buying experience today.  By the way I am never too busy for your referral, so if you know of someone that is looking to buy or sell have them give me a call, too.

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Don Rogers is a licensed REALTOR® in Missouri.  I specialize in St. Charles County Missouri and have called O Fallon MO my home since 1993.  If you are looking to buy or sell or you are relocating to the area and would like information about the St Charles County MO area do not hesitate to give me a call at 314-954-6775 or if you would prefer to send me an email.

 

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Rainer
208,371
James Wexler
wexzilla.com - Scottsdale, AZ

most people realize that they need an agent. However, most of those dont understand why we need to get paid our large commissions, you point out well what we do

Jan 30, 2009 01:09 AM #1
Rainer
256,688
Debi Ernst
St. Charles County, Missouri - Prudential Alliance Realtors - O'Fallon, MO
GRI, e-PRO, Broker/Sales Associate

Hi, Don!  I just wanted to congratulate you on 200,000 points!  (Well, you're a few points away from it, but you should get there today!)   That's pretty cool!     :)

Jan 30, 2009 01:20 AM #2
Rainmaker
3,980,731
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Good Points Don.  Most people don't know half the issues that need to watch when buying a home,

 

Jan 30, 2009 01:39 AM #3
Rainmaker
637,272
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Well said, Don.

Jan 30, 2009 01:52 AM #4
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

James,

Sometimes we need to re-enforce to folks the importance of using a REALTOR. 

Jan 30, 2009 04:41 AM #5
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Thank you Debi,

I really hadn't paid any attention to where I was and then I look up when you mentioned it.

Jan 30, 2009 04:43 AM #6
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

William,

As you know this is just a very short list of those things that we do.  Thanks for stopping by.

Jan 30, 2009 04:44 AM #7
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Thank you Maria

 

Jan 30, 2009 04:45 AM #8
Rainmaker
661,086
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

It always pays to have a good Realtor looking out for your best interests.

Jan 30, 2009 06:12 AM #9
Ambassador
3,675,522
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Don, yeah!  They need an agent!  Most agents I know hire an agent when they do a real estate transaction on their own account,

Jan 30, 2009 06:25 AM #10
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

JL,

There are times that we need to toot our horn and I believe that now is that time.  The buyers in the market today need to know what is going in real estate and that they have someone looking out for them.

Jan 30, 2009 08:15 AM #11
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Pat,

That is an awesome idea.  I don't think that I have ever heard of anyone around here doing such a thing.  I wonder how they got themself out of the way when a contract came in?  HMMMMM

Jan 30, 2009 08:17 AM #12
Rainer
229,238
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Your list poses a great set of questions.  Here is the problem - you can buy or sell your home by yourself.  You may have no problems.  Over 15 years, I saw the do-it-yourselfers visit my law office on a fairly regular basis. Here are a few examples:  Loss of earnest money (untimely exercise of financing option), defects in home (water, roof, structural), unfamiliarity with neighborhood (location of highway, airport noise), building code regulations (bought intending to operate home business), legal (bought a 1/2 interest thinking it was full ownership), encroachments (costly defense of fence and roadway litigation), bankruptcy (loss of deposits due to builder bankruptcy or title company defalcation), environmental problems (mold, radon, sewer problems, overhead wires, unstable soil), defective repairs (flues, roof, HVAC), fraudulent transactions (inflating purchase price, splitting inflated price) etc. I can't say that using a Realtor would have prevented all of these issues - but it would have at least decreased the likelihood.  Each of these mistakes cost thousands of dollars to fix.  Is saving 2% or even 5% really worth risking your financial future?  Before I started our real estate brokerage, I bought 2 homes and sold 1 home,  As an attorney, I probably could have done much of the work, but I chose to use a local Realtor for each transaction.  In the long run, it saved me time and money.

Jan 30, 2009 09:54 AM #13
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Thank you Ryan,

These are some great reasons for using a REALTOR.  If for no other reason than to have some peace of mind in the process.

Jan 30, 2009 07:45 PM #14
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Rainmaker
631,147

Don Rogers

Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes
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