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Reply to "Why do we need a real estate agent?"
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[quote=Anonymous]This is a genuine question from a first-time home buyer. We are considering buying a home, and DH is adamant that he doesn't want to use an agent because he begrudges the fee. I have a feeling there are things we don't know about that a realtor would help us with, but I'm also uneasy at the dollar amount (we're looking in the $1.3 million range, so the commission seems like a lot of money to us when we think about it in dollars). We're looking in a very specific neighborhood that we're pretty familiar with, and I've been eyeing the market in this neighborhood for a long time. So I don't need help finding a place or determining what a reasonable offer price would be for any houses that we like. Occasionally we look at houses that are "for sale by owner," so in those instances the seller wouldn't have an agent either. (If that's right, and if we did have an agent, then would the agent get the entire 6% commission to herself, or would she just get 3%?) What can an agent do for us that, say, a real estate lawyer could not? I'm assuming a lawyer would be cheaper because she'd get paid by the hour, so reviewing/drafting whatever documents are needed and...I'm not sure what else. Thanks for any input. This is absolutely nothing against real estate agents. I don't want to screw this up, but I also don't want to pay extra if we don't have to, just like I understand when new clients come to me and want to save money if possible. I don't take it personally![/quote]
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