Is it cheaper to go with a r.e. broker, or to buy independently, and higher a home inspector ? Its my first?

Answer 1

Use a broker as it will not cost you anything. They do all they work for you and the seller pays his or hers fees. If you find a house that you like that is for sale by owner then your broker can usually work something out with them too. You have nothing to lose and everything to gain with using a broker to buy. Selling, now, is a whole 'nother question. Good luck and congrats on reaching the "American Dream".

Answer 2

Each person have their own view of the inspectors. Yours is that this inspector is going about finding things wrong with the property when there is nothing of significant is wrong with the property that would prevent the property from being sold. This buyer has the right to be protected, the inspector would be working for the buyer, thus information would be provided to the buyer so as she would be able to make an intelligent decision as to purchase the property or not. She chose not to purchase the property. It might not be the decision you would make and you might consider the information derogatory. Your boyfriend made the correct decision, move on to another buyer less discriminating or willing to over look a few minor discrepancies of the property and perhaps do the repairs themselves at a later date. I nor anyone else would be able to decide the motive of this inspector. As long the person that hired him is satisfied with the report completed and accepted. I also have no idea about the money spent or derived by this inspector. Some individuals would take issue with the language of the contract inspectors have. It would appear if they missed something during the inspection, and subsequently this oversight cause problems after the purchase, the inspector would not have any liability,even if the inspector made a comment to the fact that the problem was annotated on the inspection sheet was nor or would not be a problem. Their contracts have more legal loop holes in them than cheese. 15 years ago this was not even a profession or a part of the selling process in the purchase of a house. I hope this has been of some benefit to you, good luck. "FIGHT ON"

Answer 3

I would respectfully disagree with the other Realtor who answered this question. Before becoming a Realtor, I bought my first two homes without representation. Knowing what I know now, I made ALOT of mistakes, didn't look for certain things that I should have, and didn't realize that while I did get a decent buy, I could have bought something I would have been happier with in the long run for the same money.

I find that especially with first time home buyers, I oftentimes through discussion pull things from them that they didn't realize they needed/wanted.

I also would not have maxxed out the amount I could spend. Mortgage brokers do not take into account expenses that can be a pretty hefty impact on your income when they look at how much they believe you can afford....childcare and groceries just to name a few.

If you decide not to use a Realtor, it's still worth it to make some phone calls about the local market. Good luck!

Answer 4

The seller pays the broker fees. I would recommend a home inspector... I've been told to get a home inspector on your own, instead of using the brokers because the broker won't use home inspectors who mark too many problems. You're paying for it, because you want to know what's wrong with the home prior to purchase. I would also recommend an air quality test for mold, asbestos,... because most insurances do not cover this, it can make you very sick, and cost lots to fix(depending on what state you live in and if these are problems in your area).

Answer 5

I know many will say to buy direct. However I have seen many sales take place and buyers have gotten better buys and then on the other hand sellers getting better prices using an agent. However if you have bought and sold before and know the business inside and out in some cases if your at the right place and at the right time you may get a good buy. If you have an agent that knows what to do you can get both a better buy in cases and in a sellers case more money

Answer 6

For your first house I would buy through a broker...It doesn't cost you a dime to use one! The seller pays the commision, not you!

Hire a home inspector, they can save you thousands of dollars if there are problems you are not properly trained to detect!

Good Luck!

Answer 7

get a broker who will do the work for you. the seller will pay their commission. alway gey a home inspection prior to making an offer

Answer 8

If you are knowledgeable about housing values, then go it alone with an inspector. I'm a REALTOR and I know the best deals don't involve commision.