When it comes to buying real estate, many people assume that they need to hire a real estate agent to help them through the process. And in many cases, they are right! However, people looking for investment properties in Baltimore may want to do things a little bit differently. There are actually many benefits to buying real estate without a real estate agent for investors in Baltimore. In this blog post, we’ll explore those benefits and explain how professional real estate buyers can help you instead.
Benefit #1: Cost Savings
One of the biggest benefits of buying real estate without a real estate agent is cost savings. When you work with an agent, they are typically splitting a commission with the seller’s agent of about 6% of the sale price. This is factored into the listing price. That means if you’re buying a $300,000 home, the agents could be receiving $18,000 in commission fees alone. By buying real estate without an agent, you can save a significant amount of money. At Maryland Home Buyers, we are professional buyers who work with other local investors to help them find the best deals. There are never any commissions or fees when you work with our team.
Benefit #2: Control Over the Entire Process
When you work with a real estate agent, they often control the process. They may dictate which homes you see, when you see them, and how much you should offer. By buying real estate without an agent, you have full control over the process. You can choose which homes to see, when to see them, and how much to offer. This can make the process much more personal and enjoyable when you are buying an investment property in Baltimore or even a home for yourself!
Benefit #3: More Flexibility With Your Schedule
When you work with a real estate agent, you may have to follow their schedule. They may only be available during certain hours, which can make it difficult to see homes or make offers. By buying Baltimore real estate without an agent, you have more flexibility on what you do and when. You can schedule showings and make offers on your own time, which can make the process much less stressful.
Benefit #4: More Transparency
When you work with a Baltimore real estate agent, they may not always be upfront with you about certain aspects of the home-buying process. For example, they may not disclose all of the fees associated with the purchase, or they may not tell you about potential issues with the home. By buying real estate without an agent, you have more transparency. You can research the property on your own and directly ask the seller any questions you may have. Of course, most agents would never do this maliciously. You simply don’t want the oversight of another to have a negative impact on your purchase over the long term.
Working With a Professional Home Buyer in Baltimore
While there are certainly benefits to buying real estate without a real estate agent, it’s important to note that the process can be complex and overwhelming. Unless you have great knowledge of the real industry, you are likely to have a few questions about the buying process. That’s where professional real estate buyers come in.
Professional real estate buyers are experts in the home-buying process. They can help you navigate the complex process, provide guidance and advice, and even search for properties on your behalf, helping you find properties that meet your specific needs and budget. At Maryland Home Buyers, we are experts in finding great property deals in Baltimore and the surrounding areas. Whether you are looking for single-family homes, multi-family homes, commercial properties, or land, our team is here to help!
Avoid Home Selling Pitfalls
Working with a professional real estate buyer can also help you avoid common pitfalls that can occur when buying real estate without an agent. For example, they can help you understand the legal requirements associated with the purchase and ensure that all necessary paperwork is completed correctly. You won’t have to worry about paperwork being filed incorrectly or title issues with the home down the road. You will be able to invest in Baltimore with confidence, eliminating the feelings of overwhelm and stress buyers often face.
Buying real estate in Baltimore without a real estate agent can be a great option for local property investors who want more control over the process and want to save money at the same time. However, it’s important to work with a professional real estate buyer to ensure that the process goes smoothly and that you get the best deal possible. Contact one of our professional real estate buyers today to learn more about how they can help you with your home-buying needs. (410) 657-2523