What are the advantages and disadvantages of working with a realtor?

On the buy side the Realtor will sort out what you can afford. Most homebuyers going in want a list of things that their bank account cannot afford. A Realtor will sort this out for you even if they have to show you the houses you can't afford.

They have a list of houses to show you that you would not even know were for sale. As a buyer let them show you as many houses as you can-when you reject enough they will start to show you the good ones. Also they can negotiate the seller down in price as most sellers wouldn't listen to a counter direct from a buyer.As the saying goes they massaage the deal.

The disadvantage is they will steer you to some bad ones to try and make a quick sale. They will also try to get you up in price to meet the seller. Also do not go to them for info on things like home inspectors and such as they know who will smooth the deal through.

As a seller you want a Realtor to get onto the MLS and have every broker trying to sell your house. He will try to get you the highest price and is most likely a better negotiator then you. He will give you some advice on setting your house up for sale and how to show it.

He will also pay for ads and open houses for your house to show. He will push other brokers to get people there. He is also the one who will show you the price you can really expect for your house.

The disadvantage there is a commission to the seller. But remember this is also negotiable and does not have to be 6%. If you have a nice house in a good market, sellers market, than you can negotiate 3-4%.

I would see that the largest advantages are would be having someone to walk you through the legal aspects of the transaction. There are a lot of regulations and safety precautions that the average homeowner would not be aware of. The disadvantage would be of course the fee.

They are entitled to a commission for the sale of a home, which takes a cut of the profit that a seller would have made from the transaction. Personally when I buy a home, I will work with a realtor to ensure I have all my I's dotted and T's crossed.

I've worked with more Realtors than I can count. On the flip side, I've also worked in the past for a company that taught people have to sell their homes without a Realtor. I've thought a lot about this question.

First, it's worth mentioning that one advantage you *don't* get by working with a Realtor is legal advice. That is for your lawyer to handle, and your lawyer will protect you in all aspects of the transaction regardless of whether you use a Realtor or not. When buying, Realtors show you available properties for sale and attempt to find something for you that matches what you're looking for.

Since you're not paying on the buy side, it makes sense to use one. On the sell side, the Realtor represents your property on MLS and also helps you prep for sale. They will also market your property.

While they definitely put time and effort into a number of different things, the real way they earn their fee is by putting your house on MLS and attracting other agents who already represent buyers. Without a selling agent representing you, many buyer agents will skip showing your property and potential buyers won't even know it's for sale.

A Realtor a professionally trained and licensed. They have access to a private database of properties that that others do not. They are best equipped to find and/or sell unique properties that would be difficult for others not in the industry.

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