My answer to your question is no you don't have to hire a Realtor. Having said that I would also say that it is to your advantage to use a Buyer's Agent for your transaction whether it is cash or not. The seller is prepared to pay the agent in your behalf. There are contracts to write, a CMA to determine the true value, as well as coordinating all of the my intricate details of the transaction. Even if you have purchased a home previously, you don't see all of the work going on in the background by an experienced and diligent Buyer's Agent. Besides that, most sellers, even 'for sale by owners' want a good Realtor to present the offer so they know everything will be taken care of correctly. Good success with your purchase.
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct â€“ 303-669-1246
Remember me? You have contacted me about a couple homes and emailed you back?
Although, you do not HAVE to have an agent, I would highly recommend you having an experienced person to represent YOU and work in YOUR best interest! The seller's agent is looking out for the seller and is not you. They will fill out the paperwork, but not be able to give you any advise or help. You will not be saving any money by not using an agent to be on your side. Instead, the seller's agent would most likely get all the commission rather than splitting it with a buyer's broker. So, why wouldn't you want to use a real estate broker? Almost always, you will get a much better deal when you use a broker.
Also, in this crazy market right now, many homes are getting multiple offers. An agent can help you with a situation that you might not know what to do.
There is a lot more about buying a home that requires a knowledgeable professional real estate agent. Once all the negotiating for price and other items is complete, the next step is doing an inspection. That can be a tricky part of the home buying process. An inspector will show you things in the home that need correcting, but an agent can help sort through what are the important items and help you get what is necessary. Of course, there are many other areas that could go soar and need attention too which would be your agents job to figure out. Buying a home can be very complicated. However, working with a great agent can make the process a positive and pleasant experience.
Anyway, I hope you make a decision and even call me to help you buy a home!! I would love to help you and make it a wonderful experieince.
Good luck with your decision.
With A Smile,
303 906 9000
Julie Bloch Burton - Broker Associate, RealtorÂ®
Brixton Real Estate - http://brixtonassociates.com/
Cell Phone: 970.396.7435 | Fax: 720-306-2397
I think I remember your name on here before. If so, welcome back. My answer is, no you don't have to, but why wouldn't you? There are so many nuances and disclosures and contracts in a cash transaction that it is prudent to have a good Buyer Broker on you side to make sure the price is right, you are getting a good deal, and all of the i's are dotted and the t's are crossed correctly. The seller will be represented by a professional Realtor. Again, why should you go in to the transaction on your own. When you consider that the seller will also pay for you agent in the process of the transaction, it just makes sense and there are no downsides to having your own Realtor. Let me know if I can help. All the best.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
Cherry Creek Properties
Point being, realtors are licensed professionals that have a duty to their client to assist you...call one today!
You do not have to hire your own agent. However, as others have mentioned, you may want to seriously consider it. Assuming that you are purchasing a home listed by a real estate professional, there is a good chance you will end up as a "customer" if the listing professional is acting as the seller's "agent." If you are a customer, you are pretty much on your own as far as a listing agent is concerned.
Before you make a decision, I would suggest you go to the DORA link below and look at two important documents DD25-5-09, Definition of Working Relationships and CBS1-10-11 Contract to Buy and Sell Real Estate-Residential.
Definitions will give you a good idea about the various relationships you can have with a real estate professional. The Contract to Buy and Sell is the agreement you almost certainly will be signing as a buyer. If you have any trouble understanding this contract, you will want to hire a broker or a lawyer to avoid any possible negative surprises.
You should also be aware that acting on your own behalf may or may not save you money. In many cases, the listing broker will simply retain the part of the seller's commission that would pay your real estate professional for helping you.
Prudential Real Estate of the Rockies
Now that said, Real Estate Sales is a complex maze of legal paper work. And just because you are paying CASH, does not mean you are getting a good deal. Many CASH buyers OVER pay for homes.
This is were an experienced Reator will help you through all the contracts and paper work. Search and get you the comparible SOLD properties, or find you an apprasier to help you verify that is was a good price.
Not having a Realtor when negotiating what is likely the largest purchase and biggest obligation that you will ever have is like going to trial and representing yourself.
You will be very glad you had a Realtor.
If you want more information, you can go to http://www.mydenverproperties.com. I would love to help you in your search for your home, you can contact me at email@example.com or 303-775-7864.
Hope that helps!
However I can promise you that in 100% of these instances the only parties that have benefited from this arrangement were myself, and the seller.
I can see the logic behind the idea, and why you wouldn't take a Realtor's word you shouldn't do it; but I 100% agree with the other posters. I'd also be willing to wager you'll actually pay less than you would on your own.
Let me ask this question: Why would you NOT find a Buyer Broker to represent you? You don't pay them. They are compensated by the Listing Broker who has already signed an agreement to share their commission with the Buyer Broker. And that Buyer Broker is dedicated to working for you and your best interests.
I always phrase it this way: The Listing Broker's job is to Sell that home for the Highest Price possible and as quick as possible. How does that serve you and your interests? A Buyer's Broker job is to get you the very best possible price and to walk you through the pitfalls of a very complicated process.
Best of luck to you!
Best of luck whichever way you decide.
If would have any questions please don't hesitate, my contact information is listed below.
ReMax Southeast, Inc.