Do I really need a Realtor to buy a house?Â The simple answer is, "No."Â The smart answer is, "Yes."Â Anyone can buy a house without a real estate agent, but there are advantages to having an agent represent you in a home purchase.Â
Last year, I sold a property for a wondeful family.Â They had bought their home directly from the seller without representation.Â When I did the preliminary CMA to determine value, I was surprised at what they paid for the home considering they bought it on the down side of the market collapse of 2008.Â In my estimation, they paid $60,000 higher than the market was demanding at the time.
When we listed their home, they received an offer that was quite a bit lower than the list price, and they ultimiately gave concessions that dropped their return approximately $60,000.Â With their original purchase price coupled with their concession dollars they actually lost $120,000 on their home.Â Buying with an agent could have prevented them from spending more than they should have.
Why should you use an agent when buying a house?
Why should you use a Realtor to buy a house? For a lot of reasons, but most of all, for peace of mind.Â