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Message
re: Buying a FSBO home without using a realtor
Posted on 6/12/16 at 7:38 pm to TigerBR1111
Posted on 6/12/16 at 7:38 pm to TigerBR1111
Bring cash money to the table. That's what OT engineers like myself do. No need for a sleazy realtor. Escrow is easy to deal with.
This post was edited on 6/12/16 at 9:26 pm
1
Posted on 6/12/16 at 7:46 pm to BeerMoney
quote:
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.
Same thing on my side with buying my first phone. FSBO on both ends.
Posted on 6/12/16 at 7:46 pm to Signal Soldier
quote:
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
Ours for our first house was a god-send. She was kicking arse literally even 10 minutes before we signed to close and still helped us for a while after with some follow up things.
Posted on 6/12/16 at 8:04 pm to TulaneUVA
Damn son you had a closing on buying a phone?
Posted on 6/12/16 at 8:05 pm to TigerBR1111
When you're buying a house you should use the hell out of a realtor to get comps, negotiate, etc. but if the house you want is an FSBO I suggest going without the realtor first to get a feel for them. Most people selling a house FSBO don't want the hassle of a realtor or the loss of money that comes from their ridiculous unwarranted fees. We have done it 3 times and I've refused to give a realtor anything and never had a problem selling. When buying our current house the homeowners chose our offer because we didn't have a realtor. They can be total assholes to deal with. Fsbo will actually give you the same services that a realtor provides for free if you ask. They are people who couldn't succeed in any other profession. Only use them when you have to or when there is no harm in doing so.
Posted on 6/12/16 at 8:19 pm to Clark W Griswold
Most realtors, not all, are simply working the MLS and looking for a pay day. They don't really do anything special to sell your house or represent you in a buy.
Your lender will not let you buy a house without dealing with the most important issues of buying a house---title search, inspection ect.
Your lender will not let you buy a house without dealing with the most important issues of buying a house---title search, inspection ect.
Posted on 6/12/16 at 8:42 pm to TigerBR1111
I bought a house in Lake Beau Pre FSBO and had no problem!!
Posted on 6/12/16 at 9:01 pm to Breauxsif
quote:
Being cash money to the table. That's what OT engineers like myself do. No need for a sleazy realtor.
What and incredibly ignorant and pointless comment.
Posted on 6/12/16 at 9:20 pm to CFDoc
quote:
Me too.
Realtors are useless. Some of these responses have got to be from realtors cause they are spewing all the common BS about needing one.
Perhaps...I have taken the class but havent ever been licensed. I will be licensed later this year. It won't be my career, but having it will benefit me in the short term. Nevertheless, I have an informed and somewhat objective view of the industry.
Anyway- ideally, you and others that share similar opinions are correct. You don't need one. The people that do the job are typically not highly skilled. It is a rigged system no doubt, but that being the case, you have to work within the system.
It all starts with the seller; if the seller gets it listed, there will be a commission. Doesn't matter if the next door neighbor buys the house, the listing broker gets a commission. If the buyer has an agent, that commission will simply be split, but net commission does not change. By hiring an agent, you just cut into the listing agents commission. So hiring one is not free, but has already been paid for.
Personally, I think it is a terrible system, and most educated people that are familiar with google.com could probably be ok not using them. However, if you want to effectively navigate the system in place, hire a buying agent.
In OPs case, if you feel comfortable, you don't need an agent. But the sales price should be a little lower, don't let him be greedy.
Posted on 6/13/16 at 2:30 pm to OceanMan
A lot depends on FSBO seller. We wanted to buy house from FSBO- they would not budge on price- so finally they listed the house as they had no offers
We made an offer lower than the FSBO price- they accepted and had to pay realtor fees- less money for us to purchase and way less money to seller
Imagine their surprise when they saw we were the buyers
We made an offer lower than the FSBO price- they accepted and had to pay realtor fees- less money for us to purchase and way less money to seller
Imagine their surprise when they saw we were the buyers
Posted on 6/13/16 at 2:55 pm to TigerBR1111
I bought a FSBO and they paid realtor fees and majority of closing costs. The house had only been listed a week and we were the first offer.
Posted on 6/13/16 at 3:04 pm to BeerMoney
quote:
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.
This is what we did last year in BR. We also told buyers that we were not willing to work with realtors. Still sold our home in 2 weeks and it was an extremely easy process. We knew our neighborhood was in high demand.
Just bought a home in North Carolina and I'm glad we had a realtor. Buying a house in this state was a lot more difficult than buying one in Louisiana from our experience.
Posted on 6/13/16 at 3:06 pm to Restomod
quote:
Why would you NOT use one ? It costs you NOTHING.
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