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How to buy a house without using a buyer's agent?


               
2012 Mar 1, 1:45pm   20,396 views  39 comments

by 1sfrenter   follow (2)  

I am hoping that RE agents eventually go the way of travel agents and the dodo bird.

Would like advice on how to buy a house without using a buyer's agent. Sheesh, all they do is open some lock boxes for you (can't the listing agent do that?) and drive you around in their big fancy cars (no thanks I can drive myself to open houses). In 2 months he hasn't told me about anything that I didn't already find listed online myself.

If you know what you want and you know the neighborhood and the comps, do you really need a buyer's agent?

Can't I just go to several of the top-selling listing agents in the neighborhoods I want to live and tell them what I am looking for. When a house I want comes up, offer dual agency and hire my own RE lawyer and inspector.

What are the pros and cons of this? What am I missing?

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1   profesor100   @   2012 Mar 1, 4:48pm  

I just bought a condo without using a buying agent. I did all my research. I used Redfin as a base for information, went to police station by, asked future neighbors and friends that live in the area. Then I ran the number using various online excel tables and of course Patrick's Real Estate Tools. Compare similar rents in the area and bingo I am saving $825 per month. Although it took me more than a year to find the right property that served my needs.

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