Question Details

Pat Murphy, Home Buyer in Charlotte, MI

Why would I need a real estate agent to help me in buying a home?

Asked by Pat Murphy, Charlotte, MI Fri Nov 23, 2007

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Answers

5
Hi Pat:

1. Never is 1 person as smart as 2 or more.
2. Professional Buyer Agents can help you save $$ through their knowledge.
3. Professional Buyer Agents can save you headaches later after your purchase by protecting you during the purchase process.
4. Professional Buyer Agents can preview properties and report back their finding while you are at work.
5. Professional Buyer Agents know service providers.
6. Professional Buyer Agents care about your goals and needs before their own…Always!

Good Luck!
1 vote Thank Flag Link Fri Nov 23, 2007
Pat, in addition what has already been said, a Buyer's (Selling) Agent is not only free to you as a buyer, but you might not to be able to save this part of the commission. If you decided to buy with no agent, the Listing Agent will end up with a double commission (in most cases) and you will have no professional assistance at all or just a minimal help from the Listing Agent performing a role of a dual agent. So, you are much better of taking advantage of professional knowledge.
Web Reference: http://www.cimpler.com
1 vote Thank Flag Link Fri Nov 23, 2007
Artur Urbans…, Real Estate Pro in Burlingame, CA
MVP'08
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Pat
You ask a very good question.
I have one. Because the seller pays the commission fee, the Realtor that represents the buyer is basically "free". Were you aware of that?

What is the benefit of having the seller represented by a Realtor, and not you? Who will negotiate on your behalf? It is my experience that a buyer needs an excellent negotiater if they really want the "best deal".

Anyone can look for homes on the web, go to open houses, even make an offer. It is quite another thing to actually CLOSE escrow. You might want to consider interviewing some Realtors and see if you find any value.
Best of luck to you.

Keith
1 vote Thank Flag Link Fri Nov 23, 2007
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Plus it is always advisale to have some professional help in making sure that you are not overspending. Keep in mind alot of FSBO sellers have unrealistic expectations on the price of their homes and dealing with people directly is sometimes so difficult when it come to negotiations and inpection problems. You have to deal with their emotions directly then instead of through an agent. Agent are great buffers between buyers and sellers.
0 votes Thank Flag Link Fri Nov 23, 2007
Yes. Agents have knowledge of areas and knowledge of properties and knowledge of the process. Most of my buyers remain independant using Realtor.com and other internet resources as well as a listing notification I provide. When they are ready to see a property or two we go out. They luv having their independence AND utilizing my expertise.

Going it on your own can be risky. For example, I just had a friend go into a contract with a FSBO. She paid for the home inspection to learn it had many problems. She backed out, but it cost her $500 for the home inspection. While we are not trained to see the same defects that a home inspector can, an experienced agent can readily identify many types of materials defects and bring them to your attention.
0 votes Thank Flag Link Fri Nov 23, 2007
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