Many first-time home buyers ask “Do I need a REALTOR® to help me buy my first home?” Buying a home, especially buying your first home, is a big job. So, the answer is always YES!
Selecting a REALTOR® to represent you during the purchase of your home makes them your buying agent representing you and ONLY you. A buyer’s agent will oversee your best interests, assess the value of properties, and negotiate the best price and terms when it comes time to making an offer. In addition, they can recommend a reputable mortgage lender, inspector, and other resources to make your buying process hassle-free.
Regarding the payment of commissions, the buyer’s agent is usually paid their commission by the seller from the proceeds from sale of the home. Typically, one-half of the commission is paid to the selling agent and the other half to the buyer’s agent.
Buying and selling real estate isn’t easy. No two listings or transactions are the same. Each city and state can have its own set of local laws to understand. Old Dominion Realty has been in business since 1962 serving the Virginia and West Virginia real estate markets; we are well-versed in all aspects of the local real estate areas. We have over 90 real estate agents and six office locations spanning two states.
Old Dominion Realty joined Leading Real Estate Companies of the World (Leading RE) in 2005. Leading RE is an association of the best-known local and regional independent real estate firms offering relocation and referral services.
The reality is this—it is never a good idea to undertake buying a home, especially your first home, without the help and advice of a real estate professional. Contact the professional REALTORS® at Old Dominion Realty. Our reputation is Built on Integrity with Proven Results.