Why Use a Realtor to Buy a House?

Why People Use Realtors (Well, Some of the Reasons)

 

Contracts

The contracts are created to protect you and to make sure that you can safely collapse  the offer if some conditions are not met. For instance, if you want to buy a house and need to finance the purchase, the Realtor will ensure that there is a financing condition included in the offer, for your protection.  Then should the bank decline your financing application, you can collapse the offer with no penalty and have the initial (good faith) deposit returned.  Without this condition, you are purchasing this house. So if you don’t have the financing, you are in Breach of Contract and face the possibility of legal action. You would also forfeit the Initial Deposit. Realtors will guide you throughout the process. They know how to deal with different conditions and contracts. They know how to structure the contract for your protection.

[Read more…]