- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Ways to skirt a realator when buying?
Posted on 8/3/18 at 8:24 am to PortHudsonPlaya
Posted on 8/3/18 at 8:24 am to PortHudsonPlaya
When I sell a house, always use a realtor or you'll feel like you're working two jobs all the time. When I'm buying in a new town for work, use one to do all the homework for you or you'll feel like you're working two jobs all the time.
If I'm moving across town and have time to house shop and do my own homework, I refuse to pay the seller's commision bc they have the contract w/ the realtor, not me. They use the realtor, not me. You don't need a realtor to close a house deal.
If I'm moving across town and have time to house shop and do my own homework, I refuse to pay the seller's commision bc they have the contract w/ the realtor, not me. They use the realtor, not me. You don't need a realtor to close a house deal.
0
Posted on 8/3/18 at 8:35 am to Sao
quote:
Wait, come again. You're trying to imply the listing agent and the broker are satisfied with splitting 1% while giving the buyer agent 2-2.5%?
Sure about your math?
It usually isn't a big broker agent, but more like an independent one. CJ Brown won't be thrilled with a deal like that but they aren't going to stop you if you're selling a lot of houses. But more like a "John Smith Realty". He'll give the buyer's agent more of the commission to entice a viewing/sale.
Also there's a lot of smaller agents who will just charge a flat fee to put your house on the MLS. They'll put your pictures on there and give you a sign, get it on all the listing sites, etc.
The thing is, there's a lot of options to sell or buy a house than just bitching about 6% agents. It's not like the 60s/70s, pre-internet days anymore. Agents will go in the dirt to sell houses. Find the ones that will.
Posted on 8/3/18 at 8:38 am to PortHudsonPlaya
I've used a realtor to buy but bypassed on selling. I got in touch with a lawyer and had a simple contract drawn up. Simple as that.
Having a realtor for buying was helpful due to dealing with other listings,setting up shite for me, and finding holes I liked that weren't online.
Having a realtor for buying was helpful due to dealing with other listings,setting up shite for me, and finding holes I liked that weren't online.
Posted on 8/3/18 at 8:41 am to Giantkiller
we had a horrible experience with a realtor when we relocated last year. we did not have time to interview one so we just called the local keller william office and was assigned someone. my wife had the house in mind we ended up buying not the realtor. and then she tried to force me to use her preferred insurance and mortgage people.i don't plan to be in this house forever but when we decide to sell i will attempt to not use a traditional realtor.
Posted on 8/3/18 at 8:43 am to PortHudsonPlaya
quote:
With all the online resources now, why do realators get 6%??? I’m basically finding all the houses I want to look at or would be interested in. What do they do?
I have a realtor so I don’t waste my time showing a house to a moron like you who probably can’t afford it.
Posted on 8/3/18 at 8:44 am to PortHudsonPlaya
The seller pays the fees. Not you
Posted on 8/3/18 at 8:47 am to Sao
quote:
Wait, come again. You're trying to imply the listing agent and the broker are satisfied with splitting 1% while giving the buyer agent 2-2.5%?
Sure about your math?
Our listing agreement is for 4%. 2.5% to the selling agent (and their broker) and 1.5% to the listing agent. She’s held multiple open houses, had the house professionally staged out of her own pocket and had professional photos taken which she paid for. Our house is in an upper price tier and those houses take a little longer to sell. By the time it is sold and settled I think she’ll have earned every dime she gets.
Posted on 8/3/18 at 8:47 am to PortHudsonPlaya
quote:
How do you bypass that process when buying? Go directly to the bank and title company?
I don't understand what it matters to you as the buyer. The realtor is the seller's representative.
I kind of understand that if a realtor wasn't involved, the seller might accept a lower sales price. But that ship has already sailed if there is a realtor on the deal.
Posted on 8/3/18 at 8:48 am to TeddyPadillac
quote:Every single house in my area that has gone that route sat stagnant on the market for almost a year. And then magically overnight, you see a sign from a Realtor Company and it's sold within a couple of months. Every. Single. One.
I could go the route of FSBO
Good luck going that route. That's basically a job within itself.
There is a lot of legwork, paperwork, and phone calls that go with selling a house, and most people don't have the time to keep up with it all. That's where paying a percent to a realtor to sell makes sense. He/she does all that for you while you continue to do your thing with your own job and life.
Posted on 8/3/18 at 8:49 am to PortHudsonPlaya
Typically seller pays realtor fees. Not buyer.
Posted on 8/3/18 at 8:52 am to RealityTiger
quote:
Every single house in my area that has gone that route sat stagnant on the market for almost a year. And then magically overnight, you see a sign from a Realtor Company and it's sold within a couple of months. Every. Single. One.
Good luck going that route. That's basically a job within itself.
There is a lot of legwork, paperwork, and phone calls that go with selling a house, and most people don't have the time to keep up with it all. That's where paying a percent to a realtor to sell makes sense. He/she does all that for you while you continue to do your thing with your own job and life.
The converse of this is my house I just sold. Didn't list it anywhere, just told a few people on our street that we were planning on selling soon. A week later a guy knocked on the door interested. We worked out a price and closed less than a month later. It could not have been more painless and required absolutely nothing from me other than knowing what a good price for the area was.
Posted on 8/3/18 at 8:53 am to Brian Wilson
quote:
Typically seller pays realtor fees. Not buyer.
How many times is this garbage going to get repeated?
Posted on 8/3/18 at 8:56 am to PortHudsonPlaya
I wondered the same thing. My old lady (no pics)recently started in real estate and she's actually more involved than you'd think. It can be a PITA.
Posted on 8/3/18 at 9:02 am to PortHudsonPlaya
I just quit being a Realtor because I wasn't able/willing to do all the business generating stuff well enough to make money at it. However, I now understand well what a good Realtor can do for you.
Needless to say, the most important trait a Realtor has is to be a good negotiator. This isn't just getting people to split their differences on a house bid. It's understanding the market for the house well enough to know if the price either the buyer or seller is starting at is reasonable.
Case in point: Not long before I quit, I was listing a house for a client. My comparables research told me that the proper price for the house was $165K, but the owner insisted I list it at $180. Then, the owner was pissed off because it was not getting showings. Well, no crap it isn't getting showings: it's over-priced. Eventually, the owner fired me and went to another Realtor. The house was eventually put under contract for, you guessed it, $164,900. And, I got stuck with the costs to market the house during the time I was listing it and no way to get reimbursement.
Yes, there is a lot of information out there, but you have to trust that your information is accurate. Zillow was sued because their "Zestimates" routinely overvalue houses by as much as 25%. A good Realtor will give you a much better estimate of what your house will really sell at.
JMHO.
Needless to say, the most important trait a Realtor has is to be a good negotiator. This isn't just getting people to split their differences on a house bid. It's understanding the market for the house well enough to know if the price either the buyer or seller is starting at is reasonable.
Case in point: Not long before I quit, I was listing a house for a client. My comparables research told me that the proper price for the house was $165K, but the owner insisted I list it at $180. Then, the owner was pissed off because it was not getting showings. Well, no crap it isn't getting showings: it's over-priced. Eventually, the owner fired me and went to another Realtor. The house was eventually put under contract for, you guessed it, $164,900. And, I got stuck with the costs to market the house during the time I was listing it and no way to get reimbursement.
Yes, there is a lot of information out there, but you have to trust that your information is accurate. Zillow was sued because their "Zestimates" routinely overvalue houses by as much as 25%. A good Realtor will give you a much better estimate of what your house will really sell at.
JMHO.
Posted on 8/3/18 at 9:04 am to LNCHBOX
quote:
How many times is this garbage going to get repeated?
Until settlement statements say otherwise.
If your argument is FSBO prices housing lower to give buyers a better deal on real estate transactions I would love to compare data on the subject. Because thats full retard.
Posted on 8/3/18 at 9:07 am to ItNeverRains
quote:
Until settlement statements say otherwise.
If your argument is FSBO prices housing lower to give buyers a better deal on real estate transactions I would love to compare data on the subject. Because thats full retard.
If you want to believe that realtor fees don't get considered by a seller when coming up with a price, you do you. Just because it isn't shown on the buyer's side of the settlement doesn't mean that you aren't paying it.
You don't see the car salesman's commission on your vehicle purchase documents, but best believe it's been factored into the cost.
Posted on 8/3/18 at 9:09 am to RealityTiger
quote:
Every single house in my area that has gone that route sat stagnant on the market for almost a year. And then magically overnight, you see a sign from a Realtor Company and it's sold within a couple of months. Every. Single. One.
and the two houses across the street from me sold within 2 weeks of putting their FSBO sign out in their front yard. I don't live in a neighborhood where it takes a couple months to sell your house. If I put my house up for sale today with a realtor, i'd have an offer by the end of the day.
Posted on 8/3/18 at 9:12 am to PortHudsonPlaya
For such a bunch “Playa’s” the OT likes to portray itself as being, you people sure are a bunch of tight wad son of a guns. Hate tipping, hate salesmen, hate realtors, adore Walmart, and cheep chain restaurants, etc, etc.
Me thinks most of you are full of ever loving shite.
Me thinks most of you are full of ever loving shite.
Posted on 8/3/18 at 9:14 am to LNCHBOX
quote:Man that's great! But from what I've seen, that's certainly the exception and not the rule.
The converse of this is my house I just sold. Didn't list it anywhere, just told a few people on our street that we were planning on selling soon. A week later a guy knocked on the door interested. We worked out a price and closed less than a month later. It could not have been more painless and required absolutely nothing from me other than knowing what a good price for the area was.
I know this much: when I sold a house two years ago, I barely had time to keep up with what our agent wanted me to do. I would have never had the time to set it all up myself. If you're in a situation where you know somebody (like your case), then yeah. A person with any sense could do it. But as a cold sale listing it on the market, I'd say too much work for a couple who has a 40-50 hour a week job.
Posted on 8/3/18 at 9:15 am to PortHudsonPlaya
quote:
With all the online resources now, why do realators get 6%??? I’m basically finding all the houses I want to look at or would be interested in. What do they do?
How do you bypass that process when buying? Go directly to the bank and title company?
if you think a realtor is worthless, you either have a really shitty realtor or not have done shite yet within the house buying process
Page 3 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News