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The internet has undeniably revolutionized numerous industries, and real estate is no exception. Gone are the days when prospective homebuyers solely relied on newspaper listings and driving around neighborhoods with their agents.
Today, the Internet has empowered Georgia homebuyers with unprecedented access to information and tools, fundamentally changing how they search for and ultimately purchase properties.
The Internet Changed The Way Buyers Find Their Homes
As you well know by now, the advent of online real estate platforms like Zillow, Realtor.com, and Redfin has been a game-changer. Buyers now wield the power to browse countless listings from the comfort of their own homes, using computers or smartphones.
High-quality photos, virtual tours, and detailed property descriptions have become the norm, allowing Georgia homebuyers to narrow down their options significantly before even stepping foot inside a property.
Furthermore, these online channels provide a wealth of supplementary information. Buyers can easily delve into comparable sales data, track market trends in specific areas, and research neighborhood demographics, school ratings, and local amenities.
This readily available data empowers them to become more informed consumers, understanding the market value of properties and the nuances of different locations.
The Real Estate Agent's Evolving Role
Given this abundance of online resources, one can easily question the continued necessity of a real estate agent.
While there are certainly scenarios where a Buyer’s Agent is advisable, the only area where Buyers still NEED help…is in the drafting and negotiating the purchase agreement.
In steps AgentFree….
Georgia homebuyers who find their homes online and elect to save money by not using a real estate agent find their AgentFree Attorney Partner crucial for several key reasons:
- AgentFree Buyers prefer to have their custom contract drafted by their AgentFree Attorney Partner: No watered-down forms here,
- AgentFree Buyers want an experienced real estate attorney representing them,
- AgentFree Buyers prefer having a skilled attorney negotiating on their behalf,
- AgentFree Buyers know that by not having up to a 3% Buyer’s Agent commission in the deal, they can likely have better negotiating leverage with the Seller,
- AgentFree Buyers appreciate having their AgentFree Attorney Partner with them while they are under contract to advise them on Title Issues, Property Survey Issues, and their Preliminary Settlement Statement prior to Closing. No Agent can do that.
Understanding Real Estate Commission Structures
The traditional model, where the seller typically pays the commission for both their listing agent and the buyer's agent, can lead to a common misconception among buyers. They might think that by using a buyer's agent, they are getting "free" representation since the seller is technically writing the commission checks.
That is a common misconception, as the total commission cost is generally "baked into" the listing price. Sellers are aware of their net proceeds and will factor in commission expenses when setting their asking price.
Therefore, homebuyers in Georgia indirectly contribute to the buyer's agent's commission through the purchase price they ultimately pay.
Buying Your Home Without A Realtor in Georgia
The internet has undeniably empowered Georgia homebuyers with unprecedented access to information and has greatly reduced the need for real estate agents on the Buyer side.
The legal expertise, negotiation skills, and guidance of a knowledgeable, experienced real estate attorney, just like their AgentFree Attorney Partner remain CRUCIAL for Buyers in the complicated process of a property transaction.
Want to make sure you get the best deal and potentially save over $10,000 on your new home in Georgia? Get in touch with AgentFree today!
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