ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Are You Better Off Buying Through A Realtor Or On Your Own? Part II

Updated on January 28, 2010

Another fundamental misunderstanding that buyers may be under is that the fastest and best way to arrive at the most favorable purchase price is to severely lowball the initial offer. That is a typical "rookie mistake" and telegraphs to the seller and the seller's Realtor that the buyer does not have a grasp of all the factual information necessary to negotiating a fair deal. In many cases, the initial pitch of an extremely low opening bid offends the seller and polarizes the course of negotiations from then on. The seller may then become inflexible or simply feel that they are wasting their time and walk away. If a buyer is represented by a consummate and skillful Realtor, a meticulous analysis of the dynamics of this particular transaction will result in the formulation of the optimal strategies to obtain the best possible deal at the end of the negotiations while minimizing stress, confrontation, and most importantly, the buyer's time and money.

An indispensable prerequisite to a successful transaction is for the buyer to be intimately familiar with their obligations and rights as clearly delineated in the Offer To Purchase. If the Offer To Purchase contains incorrect assumptions as well as clauses which are imprecise or are missing outright the resulting transaction is invariably doomed. Even if the Offer To Purchase has been drafted to the highest level of current standards within the real estate industry, insufficient comprehension by the buyer of how that document affects the purchase of the property unfailingly leads to mushrooming costs or a voided contract which can often lead to expensive legal action.

A professional Realtor can go through the Offer To Purchase in precise detail to ensure that the buyer is fully cognizant of the exact terms they are signing, and that they are willing and able to fulfill the legal obligations under that contract. The Realtor fulfills this responsibility by the provision of necessary, accurate information at every step of the way. Having this invaluable resource at the fingertips of the buyer perpetually provides for sound, logical, and correct decision making.

Many buyers don't get their financial situation in order before house shopping, thus look at properties that violate the buyer's bounds of affordability. A Realtor can use their years of experience and reciprocal contacts with mortgage financing professionals and lenders to steer the buyer to the best arrangement which best suits their economic capacities.

Buying a home is an emotional time for many and thus they may decide that they want to do the entire process "their way" rather than listen to the advice of a Realtor and that is usually a very costly neophyte error. When you have located a Realtor with years of professional expertise and a profound understanding of the dynamics of the local real estate market in its entirety, why would you then want to override their advice with your own ideas which may be half-baked and almost certainly going to cost you vast sums of money? It's like going to a doctor to get a prescription and then throwing out the scrip and buying M&Ms. They may be tasty, but they're certainly not going to do anything for your ailment!

Back To Start

Comments

    0 of 8192 characters used
    Post Comment

    • Hal Licino profile image
      Author

      Hal Licino 8 years ago from Toronto

      Dude, you are spot on. I just wrote a hub about the slide that's about to begin:

      https://hubpages.com/politics/Look-Out-Here-Comes-...

      Take care my friend! :)

    • Misha profile image

      Misha 8 years ago from DC Area

      You are much better off selling, if you ask me. NOW! You probably still have a few days before it all collapses :D

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)