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Old 09-12-2008, 01:31 PM
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Default Do I need a buying real estate agent if...

...I've already found the property that I want to buy? ? With today's web sites giving full details of property values as well as the state's assessor's database, I've found a property that I would like to buy. I'm working with the agent that is selling the home and I'm ready to put in a bid after I've gone out and brought in a home inspector. Now my question is - do I need to get myself a real estate buying agent? At this stage in the game - what do I need one for? If it is about negotiating down a final price - I'm not too worry because I'm decent at negotiation being a sales person myself. However, I'm just curious as to why I should consider getting an agent? Is it because they'll handle the paperwork for me in its entirety? If you have any resources for me to read up on I would really appreciate it. Actually, I'm not sure what is after home inspection, bidding, and closing. What is part of closing? Just pay the guy, sign the legal, and that's it? Will buying agent do a better home research than me? How much do they cost? Are they basically a barrier against me getting screwed in the buying process?
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Old 09-12-2008, 05:47 PM
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as a buyer, not having an agent can only help you in one way..... saving half the owed commission paid by the seller. Otherwise, an agent can help you tremendously. Keep in mind, the selling agent is representing the seller, not you. Now, if you completely trust the work of the home inspector, then it's your call. Personally, I would consider approaching the selling agent, and assuming the home is listed at 6% commission, make your offer less 2% commission. Basically asking that the seller take 4% instead of 6%, thus giving you an additional 2% to negotiate with.
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