Reply to Will Realtors go the way of the DoDo bird?

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[quote=Anonymous][quote=Anonymous]Mainly, yes.[/quote]

This is for a small percentage of the population...I'd say less than 10%.

However, realtors do many things for many buyers out there.  They are good at walking first time or inexperience buyers or sellers through the process.  They are the ones that pull comparables for a buyer or seller to evaluate the price.  We recently looked at two properties that were not responding to inquiries from us and our realtor was able to find out from the managing partner of the firm listing the lots (both short sales) what the status of the units were, why they were not accepting offers, what time frame the unit was frozen, etc.  We got enough information to know if we were interested, when to come back to the table (in case the existing offer was rejected by the bank).  Our realtor also scheduled viewings of homes for us.  Frankly, when I was a seller, I was comfortable knowing that random people only came to view the house with a realtor who had access to the lock box.  I would not be comfortable letting random buyers come visit the house unescorted.  And I think it is very wrong for the sellers to be in the house when buyers are previewing.  Buyers have a right to talk candidly about the house they are viewing and that's much harder to with the sellers in the house (and frankly, candid comments could come back to make negotiations difficult if the buyers ended up wanting to put an offer on the house).  When we listed, our agent was the one who put together advertising packages, marketing, took the photos that showed off the house, arranged for a realtor viewing, then sat there for the Open Houses,  I think he worked pretty darn hard.  When I was recently looking at properties, I was able to give a list of the needs and wants and the agent we were looking for was able to find three properties that fit our criteria that I had not located in my seaching on franklymls, redfin and trulia.  And one was quite a good candidate.  If our situation hadn't changed very abruptly, we might have put an offer in on one of the units that she found that I didn't.

Personally, I think good realtors provide a lot of work and benefits.  However, poor realtors don't.  If you aren't getting your money's worth out of your agent, then you probably need a new agent.

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