No, you don't need a real estate agent to help you to buy a house. Have you heard of this line before, I am almost certain most of you have. I know I did.
A few years ago, I was working with a couple who was selling their house themselves and I was their buyer agent. I tried to get the listing and helped them selling it, but they told me they have sold and bought a few times and they could handle it themselves to save some commission. No problem, I offered at least.
They put a FSBO sign in their yard, put an ad in the newspaper, and sure enough, they got a call one day. A lady from out of town saw the ad and went to look at their house, she liked it, she put an offer. (Maybe I need to learn a few tricks from them to see how to sell a house quickly) I forgot to mention one thing, the lady asked my client if she needed an agent to help her to buy their house, my client said, "No, you don't need a real estate agent to help you to buy a house." Hmm........
Well, I sold them a house then and time has flown by..........One day, a lady called our office for some real estate advice. She said she bought a house from FSBO and she had some major roof problem in the house and wondered how she could get the previous owner to take care of it and paid for the damages. You guessed it, she was the lady who bought my client's house.
Of course, there was no Seller property disclosure, I don't even know if she did a home inspection or not. All I knew was my client supposed to have the roof fixed before closing. She knew the owner bought a house from RE/MAX and she wondered if she could ask us to help her with this mess. We did not have any representation in any side of that sales, there was nothing we could do for her. We suggested her to talk to the owner and see what they would do. Frankly, I don't know what any owner will do after the house has already closed.....She told us she learned her lesson and would not buy a house through FSBO ever again, she had no guidance, didn't know what she was supposed to do.
To all the buyers out there, you don't save anything when you don't have an agent to represent you when buying a house. If you think it is easy and simple, anyone can do it, you certainly own your opinion, but don't say no one has told you so. I tried.
photo courtesy : flckr/SasaSi