Just so in the distant future, I can remind myself how abysmal I am at estimating expenses, I decided to capture all the random costs I incur through this little home purchase I'm trying to make.
Item: A Buyer's Agent
Cost: $0
Why: This one is a no brainer. You get at your disposal a person who deals in home purchases day in and day out. He or she knows more about the neighborhoods. More about what kind of siding is on you house. What kind of time on market and appreciation you can expect out of a house. Where all the cool kids live. Where the sought after school districts are located. How often the city cleans the streets. In short, this is a person that knows infinitely more than you do about real estate in your town.
Not to mention this person has a legal duty to represent your best interests, not those of any sellers.
So what does it cost you to have access to this well of knowledge, poised to defend you in all stages of the transaction?
Not a penny. Can't beat that.
For almost a year now, I've been bugging Bobby Wieland on an erractic basis with my strange and insane house wish-lists. From day one, he's been a tremendous asset, and taught me more about real estate than I ever thought I could pick up. He was never impatient, and talked me out of more than a few bad deals that I wouldn't have seen coming.
Hell, I'm going to miss hanging out with him on the weekends, driving around and talking about the market. I would recommend him to anyone in RaIeigh looking to buy or sell a place without hesitation. I just wish I would've spent a few hundred thousand more to help him out with that commission. Maybe next time.
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