2006-06-18 08:01:17 · 10 answers · asked by keke16 1 in Business & Finance ➔ Renting & Real Estate
With an agent there's a middle man, who wants a cut of the transaction $$. This extra money is usually worth it as, ideally, the agent has much more experience in buying and selling and will hopefully get the best deal for all involved. If you're confident that you're savvy enough, cut out the middle man and avoid the extra $$
2006-06-18 08:07:36 · answer #1 · answered by MackMama 3 · 0⤊ 0⤋
The difference is that when a home is listed with a real estate agent, there is a professional representing THEIR INTERESTS. When a homeowner tries to sell a home without representation, there are many potential problems that may occur. Number one , their home is probably overpriced. Just because they are not paying an agents commission doesn't mean that they are willing to knock that off of the sales price. Also, there are state mandated disclosures that must be met that most homesellers are unfamiliar with.
Your best bet would be to use a buyers agent. They represent YOUR INTERESTS only. This way , you'll be completely protected and informed throughout the process. Plus, the buyer agent fee is paid by the sellers, so it costs you nothing for this valuable service,
2006-06-19 00:03:06 · answer #2 · answered by Hoopfan 6 · 0⤊ 0⤋
More protection going through an agent. You can find out about what is in the area, if there are problems with the house and ask questions that you may not ask directly for fear of annoying the seller. You can also offer a lower amount without getting attacked by the seller (verbally of course) as the agent will bear the brunt of that kind of attack.
2006-06-18 15:11:41 · answer #3 · answered by smgray99 7 · 0⤊ 0⤋
By using an agent you will pay a fee. However it will likely save you big money in the long run as a professional will look out for your best interests and protect you from being taken. Never use the same Realtor to secure a house for you who's firm is also representing the seller.
2006-06-18 15:09:41 · answer #4 · answered by stevehesterman 2 · 0⤊ 0⤋
There aren't so much a lot of differences as there are a lot of pitfalls you need to beware of. Unless you're buying from a relative (and probably even then), you'd better have a lawyer, knowledgable regarding real estate transactions, representing your interests in the transaction....heck, even if you're buying through an agent or bank, it can be a life-saver.
And no, I'm not a lawyer.
2006-06-18 15:13:29 · answer #5 · answered by Jess Wundring 4 · 0⤊ 0⤋
You should think of a real estate agent/broker's commission as "malpractice insurance".
Unless you know what you're doing, and believe me the process of property purchase is a complicated process and full of opportunity for you to make costly mistakes, then the commission you pay may be less than the price you'll pay by doing it yourself.
2006-06-18 15:31:39 · answer #6 · answered by nothing 6 · 0⤊ 0⤋
Differences:
Payment options/Schedules
Amount of payments
Time period of the paying
Repairs
Addendums
ANY and all consessions that the seller is willint to accept and allow, without also being involved in any extra or excess payouts.
I always look for Owner Held. and have benefited often
Rev. Steven
2006-06-18 15:08:39 · answer #7 · answered by DIY Doc 7 · 0⤊ 0⤋
http://www.pauld-kw.com
Need a good Realtor?
If In Alabama - e-mail me
If not in Alabama - I can still recommend an experienced Realtor from your area
that will give you OUTSTANDING service!
http://www.pauld-kw.com
2006-06-18 20:03:50 · answer #8 · answered by Keller Williams Realtor 2 · 0⤊ 0⤋
Legal Representation. Need I say more?
2006-06-18 15:08:25 · answer #9 · answered by asmul8ed 5 · 0⤊ 0⤋
no difference.
Just get a GOOD real estate lawyer and let HIM handle the sale.
He will make sure every 'i' is dotted and every 't" is crossed.
then just trust him.
Make sure your lawyer is a good one.
The rest is easy.
Trust your lawyer
2006-06-18 15:30:56 · answer #10 · answered by hansomat 3 · 0⤊ 0⤋