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
They know the market is the usual reasoning. They’re supposed to help streamline the process as it’s pretty complex.
Imho, first home having one makes sense as it’s complicated. After the first and you know what to expect using a lawyer and asking for a reduction in price relative to buying agent commission is the smarter move.
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