Agents aren't appraisers:
An agent is going to give you their perspective based on what they are
seeing, [but] they have no true professional training in that aspect, without an agent you can obtain the services of an appraiser on your own for roughly $200 to $300 . "Even if you used an agent, you would still bring in an appraiser,"
Agents aren't lawyers
At the same time, real estate lawyers—not agents—are responsible for
ensuring that documents and other legal matters pertaining to the sale
are in good order. "There is a myth out there that the agent helps you
with this paperwork, legal paperwork associated with a home sale. "They may offer direction, but they
are not legally capable to provide that expertise." As is the case with
appraisers, independent home sellers and buyers can find a real estate attorney on
their own to handle the legal aspects of the process .It is a myth that real estate agents handle the legal paperwork associated with a home sale. Real estate agents don’t handle the legal paperwork, only a real estate attorney or title company can.
Real Estate Agents handle legal documentation and questions for their clients.Unless and a Real Estate Agent is an attorney, they should not offer legitimate legal advice .
Fact 1: Real Estate Agents are not lawyers so they can not provide buyers and sellers with binding legal advice. Meaning if something were to happen during the close process or post close, you the buyer or seller are on the hook.
You can do what an agent can: The main service that real estate agents provide is convenience. All of the services they offer—finding a real estate attorney, coordinating home viewings, and so on—can be done by any homeowner willing to put in the effort. "Remember that a real estate agent license takes under two weeks to get," "So after those two weeks, that person can be in charge of the selling or buying of a person's home, which is one of the largest financial assets in a person's life."
The mortgage lender will order an appraisal of your home to make sure they are not paying more than the house is worth. They may also order a surveyor to make sure that the property boundaries are properly laid out. They will also order a title search to determine if there are any liens against your property. These tasks are all the responsibility of the buyer and/or their attorney.
This is what im finding out to be very true , i just had a agent who was yelling at me on the phone and then hung up .
Do I need an agent to go ahead and buy that “for sale by owner” home?” Not only are agents not needed to buy a home, involving one during a FSBO transaction could actually hinder the buying process, as the agent would want the seller and/or the buyer to commit to paying an expensive commission fee.
If you have a agent and they tell you we will not work with them or the home is under contract , what they are saying is we wont pay them . We are taking a huge lost with price decrease in today's market . Therefor we will not pay for a buyers agent a 3% or a finders fee . So funny we had a few people find the home , came and look at it without there agent . Went back to there agent , the agent called me and ask for 3% or finders fee . Now why would anyone give that large amount of money for ???? What did they do for it and what can they do for it ??
I really hope people who are looking get smart as to what is going on with there agents .
In most real estate markets within the United States a Title Company can handle every aspect of a real estate transaction. However, many hire a Real Estate Attorney to protect their interests throughout the real estate transaction. A lawyer can act as an escrow agent for down payments, evaluate any complicated offers from potential buyers and handle closings.
Sadly, many consumers are mislead to believe there is some special
law or policy which states they have to use an agent during the buying
and selling process.Every consumer has the right - and more tools today - to sell and buy
your home and to save a lot of money. Empower yourself. Empower your
friends and neighbors. Make sure they know they have a powerful choice
to make which can provide them financial independence
