ok, ok ... maybe I need someone to represent me for the sale. but I think I can pick out the properties I want to see and call the seller's realtor for a showing right?
2007-07-25 12:17:59 · 17 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You can, but if you decide you want to buy the property, who's looking out for you? Not the seller's realtor -- their job is to make the most money they can for the seller, and craft the most advantageous deal. But a buyer's agent is looking out for YOU, and can easily negotiate around pitfalls that the less experienced or unwary might fall right into.
Plus, you'll end up calling multiple agents and trying to fit into their various days. Try to coordinate the schedules of 8 real estate agents on any given day! But your own agent will make all those phone calls, arrange the appointments, get early feedback on sales motivation, etc., and will be able to provide you with comparables for what has recently sold in the same area, at what price, and how they compare with the house you are looking for. All you have to do is meet the agent, and start touring.
It's actually a lot of fun, especially if you find a buyer's agent you really click with, who understands what kind of house you are looking for, etc. With access to MLS services in their area, buyer's agents can keep a close eye on new listings that might meet your criteria, and if they are well-connected, they often hear about homes getting ready to come on the market, that other agents may be getting ready to list.
2007-07-25 12:47:50 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Ask yourself this: If you were getting sued for $150,000, and the people suing you had an experienced attorney that specialized in that type of lawsuit, would you go to court and represent yourself?
Of course you wouldn't.
However....you want to buy a house without legal representation when the other party has an experienced professional not only looking out for THEIR best interests, but will tell the seller ANYTHING that you share with them?
It's something to consider, and keep in mind that you don't get a discount for not using a Realtor.
Have you ever noticed on Yahoo! Answers that sellers never want to use a Realtor so they can keep what they would normally spend on a listing commission and buyers actually THINK that they are saving money by not using a Realtor?
Not using a Realtor puts extra money in the seller's pocket...not yours.
2007-07-25 12:33:38 · answer #2 · answered by Expert8675309 7 · 1⤊ 0⤋
Well you are right to some degree, yet you need to make sure that the house is in good order and everything is up to date and safe enough to where you know what you are buying. Plus you need to know background info like make sure all the taxes have been payed on the property and so on. It is usually more helpful if you have someone that has the knowledge and experience at appraising a home and making sure the legal issues are taken care of. You could do it yourself but if you have never done that type of thing before it can and will take up a lot of your time. While a realtor already knows what forms need to be filled out and about what the going rate is for the type of home you are buying. It would just make your life a little easier, but if you have the time and so on then no you don't really need one.
2007-07-25 12:33:13 · answer #3 · answered by Prof. Dave 7 · 0⤊ 0⤋
Most of the listings out there are on multi-list systems that you can only see using a realtor. Most houses for sale are NOT displayed in the newspapers, etc. With your method, you could be dealing with 20 different realtors and if you find one you like - you still have to get your own RE agent to represent you, so why not work with one as your buyer's representative right from the start - it will be 10 times more productive
2007-07-25 12:25:34 · answer #4 · answered by Anonymous · 3⤊ 0⤋
I myself am a real estate agent in nc. I can tell you from experience that the fun just begins when you actually START to look for a home. For instance, what if you walk into a home and see a nice chandelier, but when the final walk through comes, it isn't there. How do you get it back or was it included at all. And what if you are getting cheated by a purchase money mortgage witha 15% interest rate. Believe me, the seller who is financing can make that rate sound good if you think the principle is cheap. ehh? Should I go on. What about when you want to counteroffer an offer and right when you call to say you don't accept, the broker on the other side yells we accept first. You are stuck. I can't tell you nor will I try to, but you should really consider obtaining a real estate broker for your transaction.
2007-07-25 15:42:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
What a horrible waste of time.
I make it a point to get out and see as many properties as I can. I go to broker open houses, other agent's open houses, take clients around to whatever they want to see, I get to view alot of the area inventory.
If you call me with a set of requirements for your home, I can tell you which houses I have been in that you may want to see or absolutely don't want to see.
And if you are calling the seller's agent for a showing then bring a buyer's agent for the sale, you are wasting the seller's agents time. That is what you have a buyer's agent for, to help you buy something.
Working with tons of different Realtors, none who will invest any time trying to find you something once they discover you are working with everyone in town, is a waste of time. Find a buyer's agent that will work with you, go over your needs and dislikes, and start looking at property. If you have locked in with one good agent, they will work for YOU, send you new listings, preview listings for you, and represent you every step of the way.
2007-07-25 13:32:21 · answer #6 · answered by godged 7 · 0⤊ 0⤋
a realtor does more work than everyone thinks!!!! it is best to get one. they will can find all the details of the house that the interent wont give you. and usually when you are buying a home --- the seller is the one who pays the realtor fees. so why not just get a realtor and do it right?
2007-07-25 12:26:29 · answer #7 · answered by stop it 5 · 0⤊ 0⤋
A agent will help you with a deal. If you use the sellers agent they literally can not help you save any money in the purchase. They signed a contract to get as much $ as possible.
An agent isn't going to cost you a thing, and you will not be saving the sellers any money either, their agent gets double commission if you don't have an agent.
You should find yourself a good, well recommended agent, tell them what you want, and what you can pay and let them find the gems for you. It is almost impossible to judge houses by pictures, many are not done justice, and others are dogs in disguise.
2007-07-25 12:33:23 · answer #8 · answered by Landlord 7 · 2⤊ 0⤋
Sure you can call the seller's realtor and work with that realtor. And then you get to understand that the seller's realtor is working for........THE SELLER ! Do you REALLY want to engage in a transaction of this magnitude with NO ONE representing YOU ???
2007-07-25 12:50:53 · answer #9 · answered by acermill 7 · 2⤊ 0⤋
Personally, I have never used a realtor in a land transaction. I do the research myself, and then use a realestate attorney to review the documents. Then I have control over the whole process and I know that I have good cousel on the contracts.
It is a good way to save several thousand dollars.
Only do this if you know the area that you are looking in. If you are coming in from out of town, it would pay to have the reputable opinion from a local on what areas are worth the money.
May God Bless you on your search. May you also find a good church home as well.
2007-07-25 12:30:36 · answer #10 · answered by lovingdaddyof2 4 · 1⤊ 2⤋