Agents Hold the Keys to Safer House Buying

The Washington Times (Washington, DC), August 25, 2006 | Go to article overview

Agents Hold the Keys to Safer House Buying


Byline: M. Anthony Carr, SPECIAL TO THE WASHINGTON TIMES

I hate going to the dentist. I've always had good teeth, only one cavity, so why spend all that money not to mention the dental insurance on a service I've never really needed?

As long as I brush and floss, why do I need someone with a doctor's degree to look over my teeth, clean them and whiten them? I've pulled teeth myself when I was just a grade school kid, in fact. So if I can pull teeth at that age, with just a string and a doorknob, why on Earth do I have to pay a professionally trained tooth-puller now?

As I reminisce on my early tooth-pulling days, I even recall getting paid for pulling my own teeth. That's right .. every morning after pulling my teeth, I had money under my pillow.

Anyone who has received quality dental care sees right through the absurdity of this argument. However, when it comes to real estate agents, everyone wants them to provide their services for discounted prices, even free.

Licensed real estate professionals bring state-mandated training and knowledge to the table for buyers and sellers. In fact, agents have to get as much or more training than it would take for some college degrees before getting a state license to represent buyers and sellers in a transaction.

By the time a transaction is over, it is full of legally binding documents pulling two parties together to exchange hundreds of thousands of dollars. All this for one transaction. Most people repeat this process only a couple of times in their lives.

Nearly half of the buyers are purchasing for the first time, according to the National Association of Realtors. They only think agents are there to usher them into houses and that's it. And that's because hundreds of thousands of agents make it look so easy like a grade-schooler pulling baby teeth.

Why should you have a real estate agent on your investing team when it comes to building wealth?

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