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0 pointswonnage2y ago0 comments

Lenders aren't gonna give you a preferential rate because of the realtor, I can't imagine paying for a laywer recommendation, and guidance is not worth 3% of my home's value.

What counts as "guidance" anyway? A realtor can't be relied upon for structural issues, you'll need an inspection. They can't tell you anything about the market that you couldn't dig up yourself in 5 minutes searching Redfin. HOAs, contract language, and other legal matters will need a lawyer. You're basically gonna have to find a dedicated professional for anything that matters.

The limited benefits I can think of are:

- you're buying in a tight market, and they can find some off-market listings through their network

- a reputable buyer's agent might make your offer seem more legit

0 comments

lbotos2y ago

I didn't get a special rate because of the recommendation, of the 3 lenders I was reviewing, the recommended lender had the best rate and I had the bonus that the realtor and the lender had worked together many times so they were a well-oiled machine.

Trust me, I hate the idea of middlemen, and I do hope the system can get more efficient.

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