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
Buying a house is complicated, far far far more complicated than buying a stereo. Far far more complicated than buying a car. There are contracts and terms between you and the bank, between you and the buyer, and there are exceptions and deadlines. If the bank doesn’t see this and than done they won’t give you the money, if the sellers have a contingency in the contract that says the sale is dependent on them closing on their house, everything can fall like a stack of dominoes. So having someone that has dealt with all this can help make sure everything is successful.
They also may have connections in terms of houses that are just about to go on the market and may be able to show you houses you wouldn’t otherwise know about.
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