The short answer to this question is no. Every buyer can legally buy a house without a real estate agent. A better question might be whether you want to use an agent.
What does a real estate broker do?
You might think that a realtor is just looking at a list of houses, picking out a few houses, showing you and selling you in one of the houses. In a broad sense, this is true, but there is more. In addition to the multiple listing service (MLS) to find suitable for your needs can be used outside the house, a good agent will check each housing in advance, with real estate agent about housing, to find out the factor in seller’s motives, review communities and schools and more. Your agent will do your best to investigate the house, but it will be faster and more effective because he or she knows the community and has played the game a hundred times before.
When your agent makes an offer, he or she knows exactly what to include in the offer and what to exclude. He or she knows what terms you have to include to protect yourself and what disclosures the seller must provide.
A professional real estate agent also knows that you buy a good place and know the nuances of your neighborhood and the quality of your school. This person should be aware of every family that is listed and sold in the neighborhood, and the important things for each family.
Real estate agents have established relationships with professionals who need help to complete transactions and maintain homes. These professionals include property insurance officers, custodians, property and pest control companies, and home repair companies.
Your real estate agent is not only looking for your new home, but also protecting your interests in the transaction.
Who pays the estate agent?
The listed broker and the seller reach an agreement and pay by the seller. If your real estate agent (referred to as “sales agent”) listed for another agent you find your home, so the real estate agent will separate the commission with your agent. The money comes from the seller’s managed earnings.
Do I need a real estate agent to buy a house?
Today, you can find all listed properties on the market by visiting one of several websites. By looking at Craigslist or something like that, you can also find the for-sale-by-owner attribute (known in the industry as FSBO or Fisbos).
You can find important information about cities, communities and schools through various websites, including important factors such as student test scores.
You can spend time there to learn about the community. During the day and night, weekday and weekend stroll the block, and chat with the neighbor.
You can see which forms are included in the offer, and what forms and disclosures must be provided through a thorough GuGe search.
In other words, real estate agents are valuable things you can be yourself. It just takes time – a lot – and there are some beliefs that can be learned quickly. Because…
What if I let the house buy a mistake?
A house is the largest property you will buy before you buy the next house. Even without a real estate agent, there is a considerable amount of money needed to buy and sell homes because of the cost of property insurance, custody fees, mortgage costs, county and city transfer taxes and record fees. If you buy a house that you hate, it is a very expensive proposition to solve this mistake in terms of time and money.
But I can save money by not using real estate agents. For?
Perhaps. If you think the seller will share your savings with you, you can save a portion of the real estate commission. However, it is impossible for the seller to reduce the whole commission price. After all, if they don’t get a bit of benefit, why would they give up the protection offered by professional representatives?
And, of course, the “wrong” thing.
While many homeowners purchase their properties without an agent, you must understand the risks involved in buying a home without having to represent them. If it works for you, make every effort to do it.
If you are not in your doing so confident about their abilities, or if your time is precious, or if you will make mistakes on the economic or mental devastating you, looking for an experienced and capable, moral of the real estate agent who recommend someone you trust, let the man to help you in your first house.