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
We have 5 properties now- so we have some experience here.
Realtors do a lot of the grunt/leg work for you:
Identify utility companies, arrange for the contractors to do repairs (even with new homes), make sure all of your paper work is in order, connect you to vendors (for special work you may want or need to be done). Overall, they represent you to make sure you are not getting ripped off (though this is the worst part because they don’t get paid if you don’t buy. So there is a conflict of interest here – they want you to buy. Results vary). Plus they have access to the MLS, so they can help filter out houses pretty quickly for you when initially searching
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