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Do I need a Buyer's Agent to buy a house?

by homedreamer1943 from Calabasas, California. Aug 3rd 2015 Reply

Richard Airey (richardairey)
#3 ranked lender in Maine - 662 contributions

You do not need a buyer's agent to buy a house, but keep in mind, if you approach the listing agent they will then be required to "attempt" to equally represent both the buyer and seller. Not an easy task. I highly recommend working with a buyer's agent. It costs you nothing.

Aug 3rd 2015
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,726 contributions

No, but you would be foolish not to use one.. It does not cost you anything, and having an agent assist you in the purchase can be very beneficial since they do it many times per year, they know what issues look out for.. also, if the home is listed by another agent, then by you purchasing that home without your own agent, then the main fiduciary responsibility for the listing agent is to the seller. The agent can withhold info that could affect your decision to purchase. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714

Aug 4th 2015
Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

Yes, but as everyone has mentioned you should. You don't have to pay for him/her and they are in your corner. There are many situations that could come up where you are thanking your lucky stars you have a Realtor representing you. A listing agent can still help you, but then they have to represent both parties. Best wishes, Sean

Aug 5th 2015
Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 1,105 contributions

You do not need a buyer's agent, but you may as well get one as it does not cost you anything. If you decide not to go with an agent then if you have a friend or a referral from a friend you can get to at least review the contract for a nominal fee then you may be able to negotiate a little on the price of the house. Not sure of how market is in CA but in CO most houses going near asking price or higher.

Aug 6th 2015
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