Case in point: my fiance and I are preapproved for a mortgage of "X-amount". I'm pretty savvy when it comes to finances, but I'm having a hard time finding homes which are suitable for our needs. Should I bite the bullet and pay a realtor to help me find our dream home? Or just keep searching on my own and save the realtor fees?
2007-09-04 14:36:21 · 6 answers · asked by Anonymous in Home & Garden ➔ Other - Home & Garden
Case in point: my fiance and I are preapproved for a mortgage of "X-amount". I'm pretty savvy when it comes to finances, but I'm having a hard time finding homes which are suitable for our needs. Should I bite the bullet and pay a realtor to help me find our dream home? Or just keep searching on my own and save the realtor fees?
As for the cost of inspection, I'm not sure if the seller pays for it or not. I know that the third party fees include: appraisal, title, inspection, recording fees, taxes, and I think surveys too. I'm not 100% sure who pays for all of these, I'm just going to assume the buyer does so that I'm not guessing my cost too low.
2007-09-04 14:51:35 · update #1
Unless you plan to build, I'd use a Realtor. Fees can always be negotiated, and a good realtor can take care of negotiating away some of the detail fees you mention above.
You need to interview realtors to find out if they WANT the job - many will simply go through the motions. Since I'm not in the biz, and don't know where you live, let me put an ethical, hardworking realtor's email below - he'll take the time to answer your concerns, and if you like, he can refer you to someone in your area - for you to audit. Always stay in control, and NEVER sign agreements with realtors - you can always find another one, and eventually, you'll find a good one that won't push you for contracts.
If you want to build, skip the realtor and get a lawyer instead.
2007-09-05 08:41:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You better be ready to do a lot of work, a realtor has a lot of resources to find the home you want. If you DIY then make sure you get the house inspected for termites and other problems. I am not sure but doesn't the seller pay the fees?
2007-09-04 14:45:37 · answer #2 · answered by Mark N 3 · 0⤊ 0⤋
First, you need to locate out why in case you have been going for a hundred% financing you have any out of pocket expenditures. communicate with the lender. If, to illustrate the appraisal for the home is below your purchase cost, then you certainly ought to look at your furnish and notice if there is the thank you to ask the supplier in the event that they'll decrease the sale cost to the appraisal. next communicate with your realtor. They understand the responsibilities on your purchase contract. while you're essentially having a complicated time coming up with the $ quantity you will ought to have for financing, you could ask your realtor to be sure if the supplier could pay a ingredient of your remaining expenditures. (If it particularly is allowed by you lender). in this industry the supplier is amazingly possibly to try this to push by a sale. The realtors can deduct $ from their cost yet provided that the supplier could pay your remaining expenditures immediately. So particularly of paying the realtor the supplier will pay your remaining expenditures. Your lender normally won't enable a third celebration to pay expenses on your behalf (different than the supplier). this relies upon on what the realtor is getting at the instant. $3800 must be greater suitable than the realtor could make. remember, your agent does not get the fee. the business enterprise they artwork for does. the business enterprise then in turn will pay the agent. So in spite of the actuality that it ought to look as though alot, the quantity your agent gets compensated with won't be.
2016-10-04 00:08:17 · answer #3 · answered by ? 4 · 0⤊ 0⤋
A Title Company can do all the paperwork. Lots cheaper than a Realtor. As a matter of fact whoever approved you for the mortgage can probably do all the paperwork also. The buyer pays for very little unless they are in a hurry to sell. I don't hate Realtors or anything like that, but they are vastly overpaid for what they do.
2007-09-04 15:20:35 · answer #4 · answered by Michael C 5 · 0⤊ 0⤋
It's not just about finding the house...it's about all the paperwork that is necessary to the process. For a first-time I would go with an experienced realtor who has a lot of years under the belt. You may want to talk with others who have purchased homes in the last few years for recommendations.
2007-09-04 14:51:01 · answer #5 · answered by sassy sue 4 · 0⤊ 0⤋
The seller pays the fees in most cases.Use a realtor.
2007-09-05 13:12:14 · answer #6 · answered by sgt 4 · 0⤊ 0⤋