What is essential for a buyer or seller to understand when entering a real estate transaction unrepresented?

In a real estate transaction where a buyer or seller is unrepresented, it is crucial for them to recognize their lack of professional guidance. This awareness encompasses understanding that the complexities of real estate transactions involve various legal, financial, and procedural aspects that can be difficult to navigate without expert assistance. A real estate agent brings valuable market knowledge, negotiation skills, and legal understanding, which can significantly impact the outcome of a transaction.

Being aware of this lack of guidance allows buyers and sellers to take appropriate precautions, such as conducting thorough research, seeking independent advice, or considering the hiring of a professional to ensure their interests are adequately protected. Understanding the implications of acting without representation is essential for making informed decisions and minimizing potential pitfalls in the transaction process.