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re: Buying a house with a friend as a realtor?

Posted on 8/6/20 at 5:51 pm to
Posted by tLSU
Member since Oct 2007
8692 posts
Posted on 8/6/20 at 5:51 pm to
Nothing but good experiences as a buyer. Friend helped me out, waited till all the offers and post inspection requests were accepted, she sent over an amendment that said said sellers agree to pay 5k towards closing costs, realtor fee reduced by 5000.

Sellers didn't care obviously since it's a wash, and helped me a ton.
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
48137 posts
Posted on 8/6/20 at 5:52 pm to
My parents used a friend and it probably wasn’t a good idea. The initial price was way too high.
Posted by Nono
Member since Nov 2017
4820 posts
Posted on 8/6/20 at 5:55 pm to
You going to get sex?

No?

Then move on.
Posted by WaydownSouth
Stratton Oakmont
Member since Nov 2018
11360 posts
Posted on 8/6/20 at 6:16 pm to
I mean I don’t see the issue.

We just bought a house and used my SO’s cousin. He did great

Its not like using a relative or friend as a financial advisor
Posted by trident
Member since Jul 2007
4870 posts
Posted on 8/6/20 at 7:42 pm to
Don’t ask for any less %. In fact expect to pay the normal amount. If you want a deal go hassle a non friend. Pay the frown the full % no matter what. It will be better that way
Posted by Geauxnoose
Member since Dec 2015
546 posts
Posted on 8/6/20 at 7:43 pm to
Don't do it! I did it, and lost 2 friendships because of it.
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 8/6/20 at 7:46 pm to
quote:

BabyTac

quote:

Never mix buisiness with family/friendships.


No wonder you’re poor
Posted by Captain Crackysack
Member since Oct 2017
2231 posts
Posted on 8/6/20 at 7:49 pm to
What a ridiculous take. So definitely do NOT trust your friend, but go right on ahead and trust cousin Jimmy not to screw you? You may need to find some better friends
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 8/6/20 at 7:57 pm to
Some of you people are so naive

How do you think the River Pilots get to where they are?

Have none of you never heard of the “Good Ole Boy Network” in Louisiana?

You don’t think people in the O&G Business or people acquiring property/hunting land etc in Louisiana aren’t making back room deals with friends and family?

Posted by Tridentds
Sugar Land
Member since Aug 2011
24220 posts
Posted on 8/6/20 at 7:59 pm to
Go with your friend. Ultimately you decide the price you pay, the repairs you insist on, etc... there is nothing your friend can do without your permission anyway.
Posted by Saint Alfonzo
Member since Jan 2019
31173 posts
Posted on 8/6/20 at 8:01 pm to
Even if he were an established realtor, I would not consider it.
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 8/6/20 at 8:12 pm to
quote:

Go with your friend. Ultimately you decide the price you pay, the repairs you insist on, etc... there is nothing your friend can do without your permission anyway.


A good realtor will save you money.
Posted by lsuwontonwrap
Member since Aug 2012
34147 posts
Posted on 8/6/20 at 8:16 pm to
hell nah, baw
Posted by armsdealer
Member since Feb 2016
12337 posts
Posted on 8/6/20 at 8:18 pm to
I'd want a professional, not someone just starting with a side gig, friend or not. I wouldn't use a friend to sell, I have seen too many real estate deals sour when selling a house.
Posted by OweO
Plaquemine, La
Member since Sep 2009
122548 posts
Posted on 8/6/20 at 8:19 pm to
Do you really need a realtor?
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 8/6/20 at 8:25 pm to
quote:

Do you really need a realtor?


He’s probably not trying to sell or buy a starter home in Plaqemine Chris.
Posted by Tridentds
Sugar Land
Member since Aug 2011
24220 posts
Posted on 8/6/20 at 9:05 pm to
quote:

A good realtor will save you money.



My wife is a realtor with Gary Greene. So yes I tend to agree. For the OP he may not know a good realtor or he could end up with a shitty one anyway. It is kind of potluck if you aren’t referred through someone that has worked with a particular realtor in the past. No matter what, realtors should guide and give you the info to make a decision.

My 2 cents anyway.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
76261 posts
Posted on 8/6/20 at 9:11 pm to
Let me change one aspect of the OP and (hopefully) you’ll see the light:
quote:

I've got a family friend who I've known for 15-20 years who just got his "side gig income tax form completer" and I'm skeptical about using him...
Also, here’s the FIFY for the Thread Title-
quote:

Buying a house with a soon-to-be ex-friend as a realtor?
Posted by GeauxGutsy
Member since Jul 2017
5997 posts
Posted on 8/6/20 at 9:30 pm to
It depends.
Posted by DeafJam73
Baton Rouge
Member since Sep 2010
19122 posts
Posted on 8/6/20 at 9:40 pm to
My realtor is an old friend who does ir part time. I had a great experience. We gave him a list of our wants, he showed us some houses and then we bought one. It was easy.
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