You might be planning on hiring a traditional real estate agent for your upcoming real estate transaction, but you should know that there are other options for hiring a real estate agent, too. There are some real estate agents out there who market themselves as discount real estate agents, and you might find that it's beneficial for you to hire one of these real estate agents in these cases and more.
You've Purchased Property Before
If you are purchasing a home or some other type of property for the first time, then you might not know much about the process. In this case, you may want to hire a full-service, traditional real estate agent. After all, discount real estate agents often work on a lot more real estate transactions, which means that they aren't able to spend as much time with each client. If you have purchased real estate in the past and have a pretty good understanding of how it works, however, you might find that you will be able to navigate the process just fine with the help of a discount real estate agent.
You Don't Mind Doing Some of the Work
Since discount real estate agents typically aren't able to spend quite as much time with their clients, you might find that you will need to do some of the work yourself when making your real estate purchase. For example, you will probably need to check out some of the listings on your own, and you might need to do more of the work when making an offer or filling out the paperwork. If you don't mind doing this, then you might find that it's worth it to work with a discount real estate agent. Luckily, though, a discount real estate agent should still assist you, so although you might have to do a little more work than you normally would, you shouldn't be stuck doing everything on your own.
You're Hoping to Save Money on Your Real Estate Purchase
One of the number one reasons why people look for discount real estate agents is so they can save money. As you probably already know, real estate agents do receive a commission for the work that they do. Discount real estate agents are able to offer lower commission rates because they take on a bigger volume of work. You could stand to save thousands of dollars on your real estate transaction by working with a discount real estate agent, so it's definitely something to look into if you're budget-minded.