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re: Using a Relator to buy a house?

Posted on 2/19/18 at 7:14 pm to
Posted by Lsut81
Member since Jun 2005
80380 posts
Posted on 2/19/18 at 7:14 pm to
quote:

But it also doesn't cost you anything.


I know that, but do seller’s realtors ever say “I’ll knock my commission down from 6% to 4% to close the deal and you accept the lower offer” since they won’t have to pay half to the buyers agent.

I know it’s a case by case basis, but curious if I should hold off on a realtor if there a chance of a better price without one?
Posted by SECdragonmaster
Order of the Dragons
Member since Dec 2013
16293 posts
Posted on 2/19/18 at 7:27 pm to
Wife and I have done it before and we have written in the contract (in large lettering) that “the purchasers are not using a realtor and the seller should consider this offer as 3% more than it’s actual value”.

It worked 2/3 times.
Posted by birdieman
New Orleans
Member since Dec 2012
1647 posts
Posted on 2/19/18 at 7:28 pm to
good luck with that...
Posted by BreakingTheBank
Houston, TX
Member since Jun 2014
144 posts
Posted on 2/19/18 at 7:39 pm to
quote:

I know that, but do seller’s realtors ever say “I’ll knock my commission down from 6% to 4% to close the deal and you accept the lower offer” since they won’t have to pay half to the buyers agent.


Theoretically, yes. Not sure if this ever happens as I've only purchased one home and I did use a realtor. Friends advised me to use a realtor saying a good agent will save you money, and there's no guarantee your scenario would play out.
Posted by OceanMan
Member since Mar 2010
20086 posts
Posted on 2/20/18 at 8:51 am to
quote:

know that, but do seller’s realtors ever say “I’ll knock my commission down from 6% to 4% to close the deal and you accept the lower offer” since they won’t have to pay half to the buyers agent. I know it’s a case by case basis, but curious if I should hold off on a realtor if there a chance of a better price without one?


You will need to specifically ask them to do that. No way they just volunteer to do it. It is most likely to happen if you are already under contract and ask for repairs or something, maybe they will knock it off the commission

Agents think they are worth a whole lot more than they are. They will gladly take $10k rather than $5k for filling out a state mandated purchase agreement.

I am under contract on an investment right now with a dual agent and plan on doing just that. She advised not to go lower than we did and I know it’s because she is thinking about her commission. The house needs repairs so the end price will need to be fair.

Like I said it’s impossible to represent both parties interests equally, especially given that their own interests are at play.
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