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Buying a house with no realtor
Posted on 8/27/14 at 4:57 pm
Posted on 8/27/14 at 4:57 pm
Obviously the selling realtor gets the full commission...does that provide more room for negotiation? I would imagine so
Posted on 8/27/14 at 5:03 pm to TigerTatorTots
quote:
does that provide more room for negotiation? I would imagine so
In a perfect world you would think they would forfeit some of the commission, but in actuality it wont. They become a dual agent and are suppose to represent both sides, but your best bet is to ask them if you used them as a dual agent if they would reduce their fee to reduce the sales price, if they say no, find a realtor and and get them to represent you
Posted on 8/27/14 at 5:38 pm to Tigerpaw123
I should have explained the situation a little better...the builder developed a subdivision and they have a realtor that represents the community. These are new construction homes. Since the realtor is selling the house for the builder, does that change anything?
Posted on 8/27/14 at 6:22 pm to TigerTatorTots
No it does not. If the realtor actually works for the builder he/she is working at a rate that is negotiated and much lower than if he was simply a realtor listing a house.
Make your offer. The builder will counter and you will meet somewhere in the middle or if you make a serious offer he may take it. This isn't rocket science.
Make your offer. The builder will counter and you will meet somewhere in the middle or if you make a serious offer he may take it. This isn't rocket science.
Posted on 8/27/14 at 9:03 pm to VABuckeye
I've never heard of DSLD selling for lower than their list price in Mandeville/Covington. Certainly worth a try but I'm not putting any hope into it
This post was edited on 8/27/14 at 9:04 pm
Posted on 8/28/14 at 9:37 am to TigerTatorTots
It is like using your wife's divorce attorney.
Posted on 8/28/14 at 10:05 am to TigerTatorTots
quote:
I've never heard of DSLD selling for lower than their list price
They don't want to do that, because it screws up their marketing efforts. I've heard of builders selling for lower than list price in closeout communities, but that's it.
The negotiation is in which you can get them to throw into the pot - in the form of free upgrades and closing cost assistance.
Posted on 8/28/14 at 12:16 pm to LSUFanHouston
quote:That is what I was hoping for. There are 4-5 upgrades that we want and I'm hoping to ask the realtor if she will throw a couple of them in if I don't use a realtor in the sale
The negotiation is in which you can get them to throw into the pot - in the form of free upgrades and closing cost assistance.
Posted on 8/28/14 at 12:30 pm to TigerTatorTots
quote:DO NOT buy a DSLD home. They are shite. My real estate agent told me she would never let me buy a DSLD home. It is well know in the industry that the quality is terrible and in 2 years all kind of shite will be breaking.
I've never heard of DSLD selling for lower than their list price
This post was edited on 5/13/15 at 3:27 pm
Posted on 8/28/14 at 12:49 pm to spiderman
quote:Considering I currently live in a DSLD home, the quality is great, nothing has broken, and I would recommend them to others. I also had my experience confirmed by a commercial lender by saying DSLD is the best of the spec home builders. Sure custom is nicer, but I don't really care about the things that make people go the route of custom.
DO NOT buy a DSLD home. They are shite. I recently purchased a home and wanted to look at a DSLD home during my search b/c I knew nothing about them. My real estate agent, who is also my good friend, told me she would never let me buy a DSLD home. It is well know in the industry that the quality is terrible and in 2 years all kind of shite will be breaking.
quote:Because they are less expensive and she wanted a larger commission maybe
My real estate agent, who is also my good friend, told me she would never let me buy a DSLD home.
quote:Are you sure you don't mean DR Horton?
It is well know in the industry that the quality is terrible and in 2 years all kind of shite will be breaking.
This post was edited on 8/28/14 at 12:50 pm
Posted on 8/28/14 at 2:13 pm to TigerTatorTots
quote:NOPE. Ask around. DSLD is well known by those in the business for poor quality. Just google and read all the terrible reviews. Glad you've had a good experience with one.
Are you sure you don't mean DR Horton?
Posted on 8/28/14 at 3:57 pm to spiderman
quote:A+ better business bureau
NOPE. Ask around. DSLD is well known by those in the business for poor quality. Just google and read all the terrible reviews. Glad you've had a good experience with one.
Haven't heard anything negative other than "Its just not the same as a custom house"...which I don't mind. As long as shite doesn't break, I'm good. Never heard of bad quality from this builder with my extensive research I did before buying the first house with them
ETA: But we are getting off topic here from the purpose of the thread
This post was edited on 8/28/14 at 4:45 pm
Posted on 8/28/14 at 9:44 pm to TigerTatorTots
I am also buying DSLD in the same area. You don't need a buyers realtor at this point. They won't do anything to help you at all. Just ask politely if you do not have a buyer's realtor, if you could get a 1% credit towards an upgrade or something. They might do that for you.
What community are you looking in?
What community are you looking in?
Posted on 8/28/14 at 10:09 pm to tigabait01
We like Tuscany...its one of the only subdivisions that DSLD is building in where there are 2 other builders so not all the houses look alike. I was never a fan of my current subdivision where most of the houses look identical. Its nice to have multiple builders to break that up
Posted on 8/28/14 at 10:30 pm to TigerTatorTots
quote:
Tuscany...
Damn that is way the frick out there
Posted on 8/29/14 at 7:48 am to tigabait01
quote:
I am also buying DSLD in the same area. You don't need a buyers realtor at this point. They won't do anything to help you at all. Just ask politely if you do not have a buyer's realtor, if you could get a 1% credit towards an upgrade or something. They might do that for you
Disagree on no help at all. I've built solid relationships with developers in communities like this and they will do things for my continued business vs. a one off customers every time. Plus I've got a lender that pays 1% of my buyers closing costs and prepaid items (on 100, not 101 for the lender crowd) every time. Not to mention most new construction buyers who are unrepresented do not get a home inspection because of that builders one year warranty. That has come back to bite more people than you could imagine. That builders not gonna risk doing for ReMax agents clients what he did for one off Eddie.
I agree that 1% towards upgrades is best possible outcome. Possibly 2%. But when you see builders pricing for those upgrades, you'll know it's not actual pricing. If you ask for inconspicuous upgrades (argon in low e windows, radiant barrier roof sheathing, etc...you'll get more bang for buck potentially, but you need to catch construction and contract at the right time.
My advice is get a home inspection from an independent vendor who works for you before you close, and have him come back to verify work has been completed to satisfaction. Builders warranty means dick if you're not aware of issue. Just last week client had small leak on HVAC in crawl that would have led to water which would have potentially caused mold. But the builder had Certificate of Completion ,
Good luck!
This post was edited on 8/29/14 at 7:52 am
Posted on 8/29/14 at 8:02 am to cahoots
quote:it's less than a mile off I12
Damn that is way the frick out there
Posted on 8/29/14 at 3:50 pm to TigerTatorTots
Those are the same floor plans in the subdivision I'm moving into. I'm about 6 weeks from closing and they've done a great job so far. No complaints yet.
Posted on 8/29/14 at 4:24 pm to tigabait01
Yea, they really are easy to deal with. Just compare the BBB profiles of the two big spec builders in SE LA....I really think the people who bash DSLD all have just heard negative rumors flying around and have never actually lived in one of their houses.
DSLD BBB 4 complaints with an A+ rating
DR Horton BBB283 complaints
DSLD BBB 4 complaints with an A+ rating
DR Horton BBB283 complaints
Posted on 12/26/14 at 4:07 pm to tigabait01
What if you are the first buyer in an experimental new development? Do you think they would be willing to negotiate price if they are desperate to get buyers in a new development?
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