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to make an offer do i need a realtor

  • March 25 2011 - US
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Answers (9)

"glorified personal shoppers"

That has got to be the best description I've ever heard. Very apt.
  • March 27 2011
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Since its free for you, I would always get a good LOCAL Realtor to submit your offer. There is NO advantage having the listing agent act on your behalf. And lawyers cost money and dont know as much as Realtors - at least for real estate transactions. Ask around for referrals on Realtors...
  • March 25 2011
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I appologize & have taken the steps to remove that portion - its a signature habit-  you get used to continuously typing .
  • March 25 2011
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You should consult with a Real Estate Lawyer to explain the contracts.
  • March 25 2011
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@ Helen: Contact info in your post is considered spam in this forum.

@ Tony: Seriously? Let's stop comparing real estate agents who have +/- 60 hours of "professional" education (licensure requirements vary by state) to professionals that receive 4-10+ years of college. As someone with a MBA and more than half way through a law degree they are not even close to comparable. In my opinion agents look pretty foolish when they present themselves as something other than they are.

To the original poster: real estate agents are really glorified personal shoppers - and there is nothing wrong with that. It does provide a value and there are services that are more than worth it to many people who use agents. In the end though, not only do you not need an agent to make an offer, nearly everything critical to making an offer is something you should learn for yourself (market assessments, evaluation of individual property, terms of offer, etc.). However, agents can help you learn those things, point you to resources, simplify the house shopping process. Just make sure you know what they can, and cannot do for you when you make your choice.
  • March 25 2011
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The answer is no you do not have to have a Realtor to purchase a home, but it really is a good idea to have a professional looking out for your best interests.  Realtors are trained professionals that can help you through the process and save you money.  How many homes does one person buy in a lifetime?  How many homes sales does a Realtor deal with in just one year?  Are you aware that using a Buyer's Agent does not normally cost you anything because the Selling Agent will share the commission with the Agent that brings their Seller a ready, willing and able Buyer?  A Realtor can even help you buy that FSBO you saw.  This is wonderful because you can take advantage of the knowledge a Realtor brings to the table to help you find what you want and negotiate on your behalf to get you the best deal possible! 
  • March 25 2011
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As a Licensed Appraiser and Realtor in the Commonwealth of Virginia, I can advise you the it is not necessary to be represented by a Realtor, these types of transactions sometimes are referred as FSBO's (For Sale By Owner). If you are going to utilize this route, please, please consult an attorney. Protect your rights. Consult an appraiser to determine fair market value before making an offer, hire a Home Inspector to conduct a property inspection.

Utilizing a Realtor can help guide you through this maze, save you time, frustation, and money. As a Buyer, utilizng a Realtor doesn't cost you anythin. The Relator is paid by the Seller for bring potential buyers to view their properties.

If you'd like we can set up a telephone appoinment to discuss these different area.
  • March 25 2011
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This question can be asked about Doctors, Lawyers, Mechanics, CPA's or any other highly trained professional.  Do you "need" any of these professional? No!  Is it wise to move forward in their field without them? No!  When you make an offer without a Realtor you lack representation and guess what, the commission is paid. It is either paid directly or saved by the seller or take by the listing Realtor.  Find a Realtor that has your best interest at heart and ask them to represent you!
  • March 25 2011
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Although it would be in your best interest to have the knowledge and experience of a professional Realtor to help you make the offer at the best possible price and to handle the negotiations of the contract it is not 100% necessary.  If you choose to do it on your own, just have your lawyer on stand-by to assist & guide you with the legal contract that he will most likely be drawing up and the other items that usually come into play, such as having your pre-qualification documents ready or if paying cash the proper documents, the  the initial deposit, 2nd deposit, attorney review process, inspection, etc,etc. And they will then be the one you turn to with any issues that come up and you will be billed accordingly to their hourly or set fees as well as for closing costs unless he/she gives you an upfront figure for the whole deal.  Either way Good Luck ! 
Helen Cocuzza Realtor Associate
Better Homes & Gardens Real Estate Mary Holder Office

  • March 25 2011
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