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I think it would be foolish for a buyer to do it themselves when they can have a knowledgeable Realtor do it for them.
Looking at comps is one thing, but seeing the homes that have sold in the area are another. A buyer should work with an agent who has seen the homes first hand. They can tell their buyers this home needed updating, that home didn't have a functional floor plan, this home had a small yard.....
How would the buyers know what inspections were needed, and what disclosures are necessary? It's much more than just money, and like you said, they don't even pay for it.
Dave "Tap" Tapper
San Mateo Ca.