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Old 07-05-2007, 01:57 PM
almostbusto almostbusto is offline
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Join Date: Mar 2006
Location: unemployed
Posts: 1,262
Default Re: I want to own not rent

-JA

you say you want the realtor to work for you, what exactly do they do for you (on the buying side specifically)? i really don't have a good feel for it. It seems to me that its an antiquated job that still comes with a fairly decent income just because of state laws and licensing agencies which restricts competition.

do they show you houses that are for sale? there are postings all over the internet and newpapers.

do they give you advice on mortgages and how much you should be willing to pay? isn't it probably better to go to your banker and/or financial adviser for such advise.

do they give legal advice? again, isn't it better to go to a lawyer about such matters?

isn't there fundamental agency problem with realtors? i don't see how interests are aligned. a realtor just wants to close the deal, and the more expensive the better. i could definitely see realtors trying to push you into any old place in an effort to get a commission.
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