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Updated over 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Toronto, Ontario
0
Votes |
6
Posts

Purchasing a home without a Realtor / Real Estate Agent

Account Closed
  • Investor
  • Toronto, Ontario
Posted

A friend of mine is considering developing a portal that will help home buyers navigate the journey of completing their first home purchase.

Since buying a home is a huge investment and can be daunting for first timers, I'm curious to know what people's pain points have been in the past from the time of viewing a property for the first time until the day of closing. Is there any information that you wish you had known before (ex. historical data)? What made you decide to use a realtor (Ex. you knew them personally, you trusted their expertise)? Were there any costs you didn't anticipate and had to budget for (Ex. land transfer tax, lawyer fees, title insurance, etc.)? How was the negotiation process?

And if you could repeat the whole process again, what information would be essential to help you complete a purchase without using a realtor / real-estate agent?

Opening the floor to everyone ...

Most Popular Reply

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2,067
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Percy N.
  • Developer
  • Philadelphia, PA
900
Votes |
2,067
Posts
Percy N.
  • Developer
  • Philadelphia, PA
Replied

Julie Marquez just curious on what made you decide to use a flat fee agent for buying the property?

I use a flat fee MLS service to sell (and save commissions) but since the seller pays the same brokerage fees in most cases, it is better for me to use my own buyers agent, unless I think there is benefit in letting the listing agent represent both sides.

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