re: Buying Property Must Do's

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Because those actually know what they are doing

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So you suggest hiring a roofer as well?

Sounds like y’all need to hire better general inspectors.

I would suggest finding out when the roof was last replaced. It does have an impact on insurance costs. It doesn't take a roofer necessarily to determine that though.

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Thats complete bullshite.

I’m one of the few agents in town who refuses to be a dual agent. Anyone who is a dual agent is only working for themselves, and really isn’t interested in working on your behalf. You as the buyer get paperwork processed, and that’s it.

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That's completely my point.
Anyone working for themselves who knows that I am the key to their double commission has resigned themselves to planting their lips on the bottom of my pants.

I sold a home this way (fsbo with a realtor bringing a client). I had 1000% leverage once the realtor was double dipping.

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If you’re a FSBO the agent isn’t double dipping. Unless as a FSBO you were dumb enough to pay them a commission for selling it too.

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It is obvious that your opinion is 100% slanted. You couldn't be more wrong if you tried.

I raised the price to covet the realtor.
I raised the price for some repairs.
And I flat out refused some other ridiculous repair recommendations from a clueless home inspector (who wanted a masonry engineer to look at the weeping lines which had dirt in them from dirt dobbers. He thought it was concrete bleeding through).

You can continue along scoffing at things you know nothing about or you can read other people's experiences quietly and "take it or leave it" as you see best fits you.

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Why wouldn't you, doesn't cost you anything?

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It absolutely costs him. Now, we can have a discussion about whether or not it’s worth it, but to act like it’s free is absurd.

The buyer agent is paid off the proceeds of the home, which directly impacts what a seller is willing to accept as an offer. If the seller will not accept anything less than $335k net to them, for example, then the buyer will have to offer enough over that to cover the agent commissions.

Adding another middleman, even if it’s worth it, increases the costs for both the buyer and the seller. Plain and simple.

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The buyer agent is paid off the proceeds of the home, which directly impacts what a seller is willing to accept as an offer. If the seller will not accept anything less than $335k net to them, for example, then the buyer will have to offer enough over that to cover the agent commissions.

Adding another middleman, even if it’s worth it, increases the costs for both the buyer and the seller. Plain and simple.

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Not so much disagreeing, but here is where many residential sellers and buyers get confused. If someone is utilizing a true buyer’s broker or agent, that will typically be a contractual agreement that has no relation to the contractual agreement that a listing agent has with a seller. So certainly, that is going to be an agreed upon fee/cost to the buyer.

But in a sub agency situation, the selling broker or agent is just going to get some stated percentage of the listing broker’s commission. Whether the listing agent is also the selling agent or a sub agent is the selling agent, the overall commission typically does not change. Certainly there can be negotiations to adjust the commissions to “make the deal”, but what’s in the listing agreement dictates the commission(s) to be paid. So typically, whether one uses a different agent than the listing agent to write the contract, or uses the listing agent, the overall commission won’t change (apart from a negotiated reduction after the fact).

The confusion I mentioned is usually when a buyer believes that the agent who writes their offer is their agent. Although practices vary from state to state, typically any agent who is agreeing to take his commission as part of a sub agency still has a fiduciary responsibility to the seller… not the buyer. In my state at least, the only responsibility that the sub agent has to a buyer is “fair treatment”, but not a fiduciary duty, while a true (contracted) buyer’s broker has a fiduciary responsibility to the buyer.

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It is obvious that your opinion is 100% slanted. You couldn't be more wrong if you tried. I raised the price to covet the realtor. I raised the price for some repairs. And I flat out refused some other ridiculous repair recommendations from a clueless home inspector (who wanted a masonry engineer to look at the weeping lines which had dirt in them from dirt dobbers. He thought it was concrete bleeding through). You can continue along scoffing at things you know nothing about or you can read other people's experiences quietly and "take it or leave it" as you see best fits you.

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30 million in sales with 280k average sale price, pretty sure that’s easy math.

I get you think you were smart about this. Pretty sure you weren’t.

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I get you think you were smart about this.

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I got 100% of what I asked for.
Everything asked of me was added to my asking price.
What wasn't smart?

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Pretty sure you weren’t.

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Feel free to educate me on what I did wrong.

I saw an opportunity where the Realtor had dollar signs in her eyes and a buyer who wanted my lot.
There is zero scenario where the process and outcome could have been better.

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30 million in sales with 280k average sale price

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Funny. All of that production and you don't have the Smarts/experience to admit when you are wrong.
You must be good looking. Lol

The buyers agent isn't going to do anything but try and convince you to offer asking. Of course they will also know "the best" lender. They may also tell you the property will 2x in value in no time.

Commission is negotiable I would find an agent that would buy me $3000 gift card at close.

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Commission is negotiable I would find an agent that would buy me $3000 gift card at close.

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Depending on the state it might be different, in Alabama that would get your agent a hefty fine and possibly lose their license.

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The buyers agent isn't going to do anything but try and convince you to offer asking.

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Bad ones yes. Unless it’s a multiple offer situation I never suggest a full price offer. Lots of bad agents out there, significant majority I’d say from having to deal with them.

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Of course they will also know "the best" lender.

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I give out 3-4 when I give a lender referral. Some are better at long term credit repair and communication. I have 8 I recommend on a regular basis and rotate through them. If you have a lender you like and they are trying to push one on you, get another realtor.