Thinking back to all of our Real Estate transactions, and we have had quite a few more without realtors than with. Never had any issues.
That said we bought a quarter this spring, and the realtor really earned his keep on this one. I started out with a low ball offer and a long list of conditions. The seller withheld some vital information, and wasn't able to sell it without a lot of creative financing, last resort desperation mortgages, changing title etc. Closing date was extended countless times, many revisions to the contract. The other parties lawyer went on holidays and refused to let anyone else handle it. 4 months later we finally took possession, with some issues still outstanding. Which was great from our point of view, since part of the conditions of the offer to purchase included full access to do anything on the property upon acceptance of offer, but didn't have to make payments for 4 months. Realtor said that was by far the most drawn out sale he's ever been part of of heard of.
Sales people of any type could be eliminated, and society would function just fine. Especially in the information age, the consumer can make an informed decision without the input of a salesperson.
That said we bought a quarter this spring, and the realtor really earned his keep on this one. I started out with a low ball offer and a long list of conditions. The seller withheld some vital information, and wasn't able to sell it without a lot of creative financing, last resort desperation mortgages, changing title etc. Closing date was extended countless times, many revisions to the contract. The other parties lawyer went on holidays and refused to let anyone else handle it. 4 months later we finally took possession, with some issues still outstanding. Which was great from our point of view, since part of the conditions of the offer to purchase included full access to do anything on the property upon acceptance of offer, but didn't have to make payments for 4 months. Realtor said that was by far the most drawn out sale he's ever been part of of heard of.
Sales people of any type could be eliminated, and society would function just fine. Especially in the information age, the consumer can make an informed decision without the input of a salesperson.
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