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Message
Buying a FSBO home without using a realtor
Posted on 6/12/16 at 3:09 pm
Posted on 6/12/16 at 3:09 pm
How difficult is it?
The only time I bought one previously the realtor helped me through the process.
What does a realtor help with that I could do on my own. Going alone should lower the purchase price but is it worth the hassle?
The only time I bought one previously the realtor helped me through the process.
What does a realtor help with that I could do on my own. Going alone should lower the purchase price but is it worth the hassle?
This post was edited on 6/12/16 at 3:34 pm
25
Posted on 6/12/16 at 3:10 pm to TigerBR1111
It's stressful enough WITH a realtor. I will always use one.
Posted on 6/12/16 at 3:12 pm to TigerBR1111
Why would you NOT use one ? It costs you NOTHING.
The headache of them doing the paperwork alone is worth it.
The headache of them doing the paperwork alone is worth it.
This post was edited on 6/12/16 at 3:14 pm
Posted on 6/12/16 at 3:13 pm to TigerBR1111
The buyer doesn't pay the realtor, so there is no reason to avoid using one. Plus they can handle alot of the heavy negotiating for you. No need to get the potential sellers mad at you personally.
Posted on 6/12/16 at 3:15 pm to Restomod
if I didn't use one I could potentially lower the purchase price when the home is a for sale by owner
Posted on 6/12/16 at 3:15 pm to TigerBR1111
quote:
What does a realtor help with that I could do on my own.
Our realtor was pretty much good for nothing. Just a pain in the arse middleman. Took forever to get things done, struggled at staying on top of things, etc. Never lit a fire under anyones arse when needed to. Probably just got a bad one
Posted on 6/12/16 at 3:17 pm to TigerBR1111
quote:
How difficult is it?
The only time I bought one previously the realtor helped me through the process.
What does a realtor help with that I could do on my own. Going alone should lower the purchase price but is it worth the hassle?
Brah, unless you are buying FSBO, you will be paying the commission either way, the listing broker will just not have to split it. Once it is listed, you can go up to the owner with a bag full of cash, but that comission still needs to get paid.
Given the way the system works, there is no reason to not use a buyers agent, if for no other reason, to initiate and stay on top of paperwork.
It won't lower the purchase price unless its FSBO.
Posted on 6/12/16 at 3:18 pm to TigerBR1111
quote:
for sale by owner
You should have mentioned that in your first post. If the home is FSO then good luck getting one to help you.
If it is a MLS listing i would never buy a house without it a good realtor is very much worth the ~3% they are paid.
Posted on 6/12/16 at 3:18 pm to Restomod
Sure it costs you something. Maybe not out of pocket, but you are paying that commission with the inflated purchase price
Posted on 6/12/16 at 3:19 pm to Restomod
quote:
Why would you NOT use one ? It costs you NOTHING.
If I was selling a house by owner and someone tried to get me to pay the realtor fees, I'd tell them to frick off before I paid the realtor a dollar.
Posted on 6/12/16 at 3:21 pm to McCaigBro69
Posted on 6/12/16 at 3:21 pm to HeadyMurphey
quote:
Sure it costs you something. Maybe not out of pocket, but you are paying that commission with the inflated purchase price
True, but you dont have the choice in the purchase price being inflated, the seller does.
Posted on 6/12/16 at 3:21 pm to Vood
quote:
If the home is FSO then good luck getting one to help you.
Why would it be difficult getting one to help?
Posted on 6/12/16 at 3:22 pm to McCaigBro69
And potentially lose a sales over a few points in commission. Brilliant plan there.
Posted on 6/12/16 at 3:26 pm to TigerBR1111
It's kind of a rigged system but if you find the right property and realistic sellers then FSBO can be a good deal.
Realistic sellers should be willing to negotiate a little under market value as there are no fees on their end. Finding out what the property is worth will be entirely up to you but all it costs is a drive by appraisal.
My experience with realtors are they are agents for one thing, their commission.
Realistic sellers should be willing to negotiate a little under market value as there are no fees on their end. Finding out what the property is worth will be entirely up to you but all it costs is a drive by appraisal.
My experience with realtors are they are agents for one thing, their commission.
Posted on 6/12/16 at 3:30 pm to McCaigBro69
quote:
If I was selling a house by owner and someone tried to get me to pay the realtor fees, I'd tell them to frick off before I paid the realtor a dollar.
He didn't say it was FSBO in original post.
Telling to frick off, that's your choice and will likely cost you the sale.
Posted on 6/12/16 at 3:35 pm to TigerBR1111
quote:
Why would it be difficult getting one to help?
Generally speaking any property that is FSBO is that way because the seller does not want to pay realtor fees. So unless you will pay the realtor fees no realtor will work for free. You may be lucky and get the seller to split it so it's worth a shot.
Posted on 6/12/16 at 3:38 pm to TigerBR1111
the broker(s) fiduciary responsibility is to the seller (side paying the commission usually) unless buying agent is being paid by buyer, anything you say or do can and will be shared with listing (selling) agent...
Posted on 6/12/16 at 3:39 pm to TigerBR1111
I have a great one, wouldn't buy anything without her.
Posted on 6/12/16 at 3:44 pm to TigerBR1111
I sold my home FSBO to a buyer who didn't have a realtor. We settled on a price and he setup a closing with the help of his bank. We met at Baton Rouge title and signed up. No problem, no realtors.
I honestly see no reason to use one if you're capable of using the Internet and talking to people on the phone.
I honestly see no reason to use one if you're capable of using the Internet and talking to people on the phone.
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