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Many home sellers are hesitant to hire a real estate agent because they do not see the value in it. This is especially the case for first-time homebuyers who are under the assumption that real estate agents are only concerned about closing the deal and nothing else. This belief prevents them from seeking out a professional in the industry to help them find a home that checks off boxes from their wish list. Here are a few risks that come into play when you purchase a home without using an agent.  

Legalities

Real estate laws and regulations differ from one area to the next. Homebuyers need to be clear on the legalities when it comes to purchasing a home and how to correctly fill out all paperwork. The best way to protect yourself from making any legal mistakes during the homebuying process is to have an agent by your side the whole time to help you stay on track. 

Overpaying 

It can difficult to determine the true value of a home unless you have experience working in real estate. So many homebuyers who do not use an agent wind up overpaying for a home because they overestimated the value of a property. An agent who understands the market will be able to advise you against homes that they feel are bad deals. 

Negotiating 

Real estate agents have negotiating skills that the average person does not. This is because they do it so often because it is a significant part of their job. Also, real estate agents have more knowledge of the local market and the factors that affect the values of homes. It is also likely you are going to be negotiating against the seller's agent who likely has far more negotiating experience than you.

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