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Updated about 10 years ago,
How important is an agent when buying? Do they have to know an area?
I can see the importance of an agent if you're trying to move a property. But in the scenario where you're buying am I correct in saying they aren't THAT important? I can basically search and find listings on the MLS through one of the big realty sites. I know how much I have to spend and what I want and can narrow listings down myself. The biggest things it seems that the agent will be doing if setting up showings and paperwork......
I'm asking because I've told a friend that they can represent me but they've only been a RE agent for a couple of months. Honestly I figured it was a job anyone could do well if motivated. But now after research I'm seeing advice that most places suggest an extensive interview process and selecting an agent familiar with a specific area.
One of the issues for me is my target area is an entire city AND it's surrounding suburbs. I have a few specific zip codes but honestly I'm open to anywhere in the city (and surrounding suburbs) if it meets my needs. Could this potentially be a turn off to an agent? Another issue is i'm looking for MFP, but want to owner occupy. Do I necessarily need an investor focused agent? I can basically do my own analysis or simply ask questions here :)
What do you guys think? Any anecdotal experiences with an agent making it harder to buy a property you were qualified to buy? Right now I'm of the opinion I'll be doing the majority of the leg work search wise and just need someone who is competent enough to get my offer in on time and complete the paperwork. Am I naive etc?