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?
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You do not need a realtor to buy a property. They are a waste of money. You can do your own research on Zillow etc and market on CL or some local forums. I have sold 3 properties myself using a real estate lawyer to do the paperwork. The last property I sold the realtors said list it for $520k and it will bid up to $560k or so. Listed it at $700k and sold it in two days. All cash offer with zero contingencies. 6% of $700k for the realtors to split of my lawyer charged me $800.00 for everything. You can do the math…
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