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
So when i bought my house, the realtor did all of the work. They researched which houses were within my budget and were the kinds of homes i was looking for and located in the areas i was interested in. He set up times to go look at the homes, that worked with my schedule since i was working nights and we were on a 12 hour shift schedule.
Then once we decided on a house we were interested in, he was the go-between between us and the seller for the negotiations.
And then, when the seller couldn’t make the closing costs, both my realtor and the sellers realtor gave up part of their commission in order to make sure the deal happened.
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