(Closed) Broker/”Buyer’s Agent”–Good Deal?

posted 7 years ago in Home
Post # 3
Member
169 posts
Blushing bee
  • Wedding: May 2010

i think you should totally get a realtor. if it’s just about the $, think about it this way: over the 30 years of your mortgage, that $3000 (if you even have to pay it), works out to less than $10/month…

but here are some “real” reasons (and im not in real estate, so this is just my personal opinion); a) they can show you the best houses and more importantly, not waste your time with houses that look good on paper but are actually terrible, b) give you guidance pricing and comps, c) do a lot of digging in town records for information you might not know to look for.

our realtor, who personally i dont think is even very good, is a WEALTH of information about the houses we’re seeing, previous owners, town building ordinances, he comes up with ideas for additions that would work, seems to know everyone in town and has been completely open and honest with us about pricing on houses. if you use a realtor, i would reccomend finding someone who’s been working in your town for many many years, it’s the local expertise that i have found most helpful.

Post # 4
Member
269 posts
Helper bee
  • Wedding: July 2010

We used one and her fee was paid by the sellers in closing. We were only charged a $150 admin fee.

She was so helpful especially because we were moving to an area I knew very little about. As a first time homebuyer she was very patient and helped point out things we should be looking at and answered all our questions.

Post # 5
Member
9056 posts
Buzzing Beekeeper
  • Wedding: June 2010

When we bought we had a real estate agent, but it didn’t cost us anything.  It’s fairly typical that the commission is paid to the selling realtor and then he/she splits it with the realtor that brings the buyer.  The SELLER pays the entire commission.

Post # 6
Member
9056 posts
Buzzing Beekeeper
  • Wedding: June 2010

Oops, double post.

Post # 8
Member
184 posts
Blushing bee

A little late here, but I would definitely ask around for recommendations for realtors.  Also, meet with several until you find one you are comfortable with.  We met with a few, but decided to go with a realtor we heard of through a friend.  Goodluck with the search!!

Post # 9
Member
542 posts
Busy bee
  • Wedding: March 2011

A lot of realtor’s have a set up where they only make money on the sale from the seller side. They don’t charge you for anything. That is what my Darling Husband and I just did. Had the coolest realtor. She was awesome and super great helping out some first-time home buyers. Best of luck!  

Post # 10
Member
336 posts
Helper bee

I got confused by the title and then your post- I couldn’t tell if you were talking about just a realtor, or a mortgage broker. I would absolutely use a realtor! Boyfriend or Best Friend and I live together now in NC but he only lived in the area for college and wasn’t familiar with neighborhoods, etc and I moved from another state. Our realtor was amazing and so helpful. It is pretty standard for the seller to pay the realtor fees. We did also use a mortage broker who was able to find us the best possible loan/interest rate, etc.

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