Writing 'Intermediary' when buying a home is crucial because it signifies the involvement of a third-party professional in the transaction. This intermediary could be a real estate agent, broker, or attorney, and their role is to facilitate the process, ensure compliance with legal requirements, and negotiate on behalf of the buyer. According to the National Association of Realtors (NAR), the majority of homebuyers (89%) used the services of a real estate agent or broker in 2021, highlighting the importance of intermediaries in the home buying process.

The primary reasons for involving an intermediary are:

1. Expertise and Experience: Intermediaries possess extensive knowledge of the local real estate market, including current trends, pricing, and available properties. This expertise is invaluable in navigating the complexities of home buying, from identifying suitable properties to negotiating the best deals.

2. Legal Compliance: Home buying involves numerous legal and regulatory requirements. Intermediaries ensure that all contracts and documents are properly drafted and executed, reducing the risk of legal disputes and financial losses.

3. Time and Effort Savings: Searching for a home, negotiating offers, and managing the closing process can be time-consuming and stressful. Intermediaries handle these tasks, allowing buyers to focus on other aspects of their lives.

4. Access to More Properties: Intermediaries often have access to a wider range of properties, including those not actively listed on the market. This can provide buyers with more options and a better chance of finding their ideal home.

Data from the NAR further supports the importance of intermediaries. In 2021, the median age of first-time homebuyers was 33, and 46% of them were married couples. These buyers, especially those without prior home buying experience, greatly benefit from the guidance and support provided by intermediaries. Additionally, the median price of existing homes sold in 2021 was $356,700, indicating the significant financial investment involved in home buying, making the involvement of intermediaries even more critical to ensure a smooth and successful transaction.