basically: why would someone need a realtor to BUY a house?
i understand that to buy a house, you (buyer) give some money to the owner (seller) in the form of a down payment and essentially get a loan from the bank (mortgage), and then pay that loan back to the bank over the course of years (decades).
for selling a house, i get that you’d want someone to put up the listing and pull connections to get the word out to buyers.
but for buying a home, where do the realtors come in and why does everyone say you need to get one to be a serious buyer?
In: Other
I think with the new rule change, where buyers will likely need to put a large part of their down payment into a commission rather than the property, the role a realtor plays will change from what a lot of people are saying. I wonder if five or so years from now if shopping won’t be mostly online and closing handled via flat pricing with lawyers.
We’ll see.
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