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re: This Realtor advises other buyer agents to raise the sales price to get their commission
Posted on 8/10/24 at 1:29 pm to stout
Posted on 8/10/24 at 1:29 pm to stout
quote:
feminism really did take a lot of these values away.
Such a rigid and antiquated mindset.
I know several conservative women who are business owners and leaders and enjoy having a life outside of being home and still successfully raise children who are professionals and productive people.
I feel in todays unfortunate and polarized society it’s either be a stay at home mom and never even think about working or work full time and never have kids.
1
Posted on 8/10/24 at 1:30 pm to Paul Allen
There's exceptions to every rule
Posted on 8/10/24 at 1:38 pm to stout
Buyers "can't do the deal on their own" - oh, good lord...With just a little effort to understanding the earnest money, the due diligence period, and hiring a real estate attorney to look over the contract, it's pretty simple. I just did this and negotiated the price down much less than the standard 3% buying agent's fee would have been.
This post was edited on 8/10/24 at 4:22 pm
Posted on 8/10/24 at 1:42 pm to MikeBRLA
Listing agents advise on price, they run market comps to help set it, and suggest raises and reductions
Buyers agents are supposed to negotiate a lower price, but you know, lol.
Buyers agents are supposed to negotiate a lower price, but you know, lol.
Posted on 8/10/24 at 1:54 pm to stout
quote:
I don't understand needing a buyer's agent at all honestly considering the massive amount of technology to assist people.
It's not difficult to find the houses. Hardly anyone needs them for that anymore. I've typically used buyers agents just to handle the paperwork and logistics, for their relationships with home insurance carriers, and to add an extra layer of legal culpability if something guys awry with the property or deal.
Posted on 8/10/24 at 1:56 pm to shutterspeed
So in today’s market what is an appropriate percentage for a sellers agent?
Posted on 8/10/24 at 2:00 pm to BabyTac
quote:
With today’s technology and available info, realtors are really pretty worthless
Realtors don’t service people who are competent and have available time. Realtors exist to service people who 1) don’t have time to deal with the process of selling and 2) are functionally illiterate relative to understanding a contract and how it works. If you have the time and knowledge to handle the process, don’t hire a realtor. If you don’t have one or both of the above, hire a realtor. Idk why people act like they have to hire one. If you don’t want to hire one, just don’t. If you don’t like the one you hired, fire them.
This post was edited on 8/10/24 at 2:04 pm
Posted on 8/10/24 at 2:07 pm to JiminyCricket
quote:
2) are functionally illiterate relative to understanding a contract and how it works.
You've just described like 98% of society.
It's the same argument as why jiffy lube exists. You can change your own oil. It's not hard at all....hell, they pay people minimum wage to do it.
Posted on 8/10/24 at 2:17 pm to stout
Sounds like an idiot but anyone going straight to the sellers agent to do a deal is also an idiot
Posted on 8/10/24 at 2:20 pm to Paul Allen
quote:
So in today’s market what is an appropriate percentage for a sellers agent?
That’s between them and the listing agent.
ETA. Im sure a sliding scale generally accepted will evolve to give a general standard starting point
This post was edited on 8/10/24 at 2:28 pm
Posted on 8/10/24 at 2:22 pm to stout
A real estate attorney and that attorneys support staff is all one needs to navigate a successful purchase.
An agent is just a middle man/ women
An agent is just a middle man/ women
Posted on 8/10/24 at 2:28 pm to Gaggle
quote:
Listing agents advise on price,
You just proved my point. An agent, by law, cannot set a listing price. The seller does.
quote:
Buyers agents are supposed to negotiate
A buyers agent cannot make an offer unless the actual buyer agrees to said offer price. Meaning the buyers agent does not “set” anything. They are just a middle man.
This post was edited on 8/10/24 at 2:32 pm
Posted on 8/10/24 at 2:46 pm to MikeBRLA
quote:
Buyers and sellers set the sales price, not agents. This guy is clueless as to the process. Agents just pass along the info.
While you're not wrong, a significant amount of people buying and selling can be easily manipulated by the agents to pay more for a house than they should.
Posted on 8/10/24 at 3:22 pm to stout
I never have paid over 2-3% and never will.
To pay someone 6% on a 500k home is ridiculous.
To pay someone 6% on a 500k home is ridiculous.
Posted on 8/10/24 at 3:52 pm to stout
The sales price has included the buyers agent commission forever.
Well at least since 1999 when I started in the mortgage industry
Well at least since 1999 when I started in the mortgage industry
Posted on 8/10/24 at 3:57 pm to el Gaucho
quote:
It seems like it’s the easiest job in the world minus the fact that there are too many people doing it
Depends where they work. The ones turning over upscale condos and townhouses are basically high class escorts who could double as drug reps if they had to.
Your uncle Jim Bob who gets all the listings in your end of the county probably doesn't have to "date" clients and other agents to seal the deal.
Posted on 8/10/24 at 4:22 pm to NotoriousFSU
Must be pretty smart to make 200K a year doing "nothing".
Posted on 8/10/24 at 4:27 pm to Bow08tie
A real estate attorney and that attorneys support staff is all one needs to navigate a successful purchase.
An agent is just a middle man/ women
Yeah I can see the title attorney showing the buyers 5 houses on a Saturday.
An agent is just a middle man/ women
Yeah I can see the title attorney showing the buyers 5 houses on a Saturday.
Posted on 8/10/24 at 4:47 pm to Shoalwater Cat
quote:Exactly.
Yeah I can see the title attorney showing the buyers 5 houses on a Saturday.
Or getting involved in the back and forth negotiations regarding repairs or price adjustments for issues that come up on inspections. Or meeting the home inspectors at the house. Or coordinating with other buyer/sellers when the buyer of your house is also selling their house and something goes sideways with that deal that prevents the buyers from closing on the deal with you.
A real estate attorney isn’t getting involved in all that nonsense. You can get the title company to help you write up the contract, but if unexpected issues come up and you don’t know what you’re doing, you’ll wish you had an experience realtor.
Posted on 8/10/24 at 5:02 pm to Gaggle
quote:
The idea of hiring a buyer agent on commission is the dumbest thing on earth.
I did it when I bought a house in Colorado and it was awesome, although it was at a flat rate. Our price range was $600K and we found through a reference a buyer agent who charged a flat $5K. He was great and worked his arse off for that $5K.
We bought the house for $600K, and in Colorado the full standard commission is 2.8% to each agent for a total of 5.6% the seller pays. So our buyer agent got a $16,800 check and gave us a check for $11,800 after closing.
This post was edited on 8/10/24 at 5:03 pm
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