06-08-2011 12:29 PM
Usually not. But, it depends.
There are instances where having an agent can be a deal killer. Principles can sometimes get involved in deals that, while legal, might expose the agent to too much liability - and, therfore, the agent doesn't(or shouldn't) want to be involved.
There is a smalll percentage of sales that go through just fine without agents(or attorneys). However, there are so many federal, state, and local rules and regulations to deal with that it can be a good idea to have a professional experienced in the local real estate market to guide you through the transaction.
Sellers, in particular, expose themselves to many potential liabilities when they sell without representation. In California, where I live, there are numerous mandatory disclosures required from the seller. Many of the transactions that don't have professional guidance are missing most if not all of the required disclosures. I don't think I've ever seen a direct seller to buyer transaction that was in full compliance. Any missing disclosure has the potential to open the door to costly fines or legal action - even if there was no actual harm suffered by any of the parties.
02-14-2012 09:43 AM
It's an option. With some banks, they don't want to deal with buyers> But with one on one, approach the property like it has all the problems in the world, then check list them off. Still no gaurantees. Even a home inspection has a "disclaimer" if they missed something. The only thing worth getting if available is the Home Owners Insurance. But a good one that will cover stuff.
Note that one of the documents that a buyer signs "holds harmless' the agent. If there is a problem, you have no recourse against an agent.
Your recourse is against the seller.
95% of the deal is to find a good lender and escrow. Unless your paying cash. Then; just faster and cheaper.
02-27-2012 06:42 PM
You're more likely to get a better deal and have a better experience overall if you work with a Realtor. Realtors are involved in selling homes day in and day out and we know the process. Because of this, a Realtor can spot "red flags" and advise accordingly. A Realtor will look out for your best interest, not only because it is our fiduciary responsibility, but also because most of us truly enjoy what we do. There is nothing more satisfying than handing the keys to a happy client, and saying welcome to your new home.
I am a Realtor and would love to help you buy a home. Below is my contact information, along with a link to my profile page, which includes client testimonials. Please contact me if I can be of service to you.