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re: Comparable sales

Posted on 6/10/09 at 3:26 pm to
Posted by hen
past the point of no return
Member since Sep 2007
1751 posts
Posted on 6/10/09 at 3:26 pm to
quote:

sellers agent will just try and collect double commission


The amount of their commission is not spelled out in their contract with the seller?
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 6/10/09 at 4:06 pm to
You are pretty savvy, I wouldn't worry about not having an agent. Most everyone that tells you that you must have an agent is an agent, mortgage broker or has something to gain by you using an agent. Anyway they are desperate to get clients right now. Call them up and tell them you are looking. Make them do all the leg work, and present it to you. you will have to field their calls, but you will not be on the hook for them. You have the complete upper hand with almost any agent at this moment, use it to your advantage.

I have had a buyers agent take me to visit 20+ houses without signing anything. And this was when the real estate market was in much better shape.

The one thing that you may miss by not having an agent is a steady hand. It will probably be a very large financial transaction, and someone to keep you balanced is good. But the problems with agents are their interests are not aligned with yours. At all. They want to get you in the most expensive house as fast as they can.
Posted by FriscoKid
Red Stick
Member since Jan 2005
5123 posts
Posted on 6/10/09 at 6:02 pm to
quote:

The amount of their commission is not spelled out in their contract with the seller?


yes its in the contract with the seller. usually the buyer agent gets 3% and the sellers agent gets 3% not matter what the sale price is unless its specified differently. so it benefits you to have a separate agent who is looking out for only your interests and not an agent who represents both parties. email me if you want I have a family member who is agent who will talk to you for free and not make you sign anything.
runpmc79@gmail.com
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