- 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 9:15 am to LNCHBOX
Posted on 8/3/18 at 9:15 am to LNCHBOX
quote:
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
If you want to believe an appraiser for a lending institution gives the house a different value whether is has representation or not, or if you want to believe a seller is willing to take less money by foregoing representation, you do you as well.
If you want to compare historical data on the two scenarios (FSBO vs RE professional), i'm still game.
3
Posted on 8/3/18 at 9:16 am to RealityTiger
quote:
If you're in a situation where you know somebody (like your case),
I didn't know anyone. I lived in a very desirable area.
quote:
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.
My dad sold a house in BR while living in NOLA on his own, and he was working 60-80 hour weeks at the time. Your personal experiences aren't the norm in every market like you're trying to make them out to be.
Posted on 8/3/18 at 9:17 am to PortHudsonPlaya
While I understand the frustration with the 6%, our realtor got us things from the seller and found us ways to save money that I just would never have known on my own. For buying, I think it is smart to have one since the seller pays their fee. If your house is in a high demand area, it may be worth trying to sell it yourself.
Posted on 8/3/18 at 9:19 am to ItNeverRains
quote:
If you want to believe an appraiser for a lending institution gives the house a different value whether is has representation or not, or if you want to believe a seller is willing to take less money by foregoing representation, you do you as well.
I never said that. But appraisers use comps to come up with their value. Guess what most comps have built into the price...
Posted on 8/3/18 at 9:19 am to LNCHBOX
Ok whatever. You win. 
Posted on 8/3/18 at 9:21 am to LNCHBOX
quote:
I never said that. But appraisers use comps to come up with their value. Guess what most comps have built into the price...
Go ask an appraiser if he comps a property for less if they forego professional representation. If he says yes get his license number and report him, he breaking the law.
Posted on 8/3/18 at 9:24 am to ItNeverRains
quote:
Go ask an appraiser if he comps a property for less if they forego professional representation. If he says yes get his license number and report him, he breaking the law.
Another thing I didn't say.
Posted on 8/3/18 at 9:25 am to ItNeverRains
Also, your own words from earlier in this thread show you agree with me
at the downvotes from someone that is mad that I'm right.
quote:
In the real world, the one using historical data vs. hyperbole, houses listed by real agents sell faster for more money than FSBO in every major market in the United States, and sellers walk away from the transaction with more money than they would listing FSBO.
at the downvotes from someone that is mad that I'm right.This post was edited on 8/3/18 at 9:27 am
Posted on 8/3/18 at 9:26 am to ItNeverRains
quote:
ItNeverRains
Isn't it about this time in every real estate thread that you show a picture of your house? What is taking so long this time?
I kid, I kid.
Posted on 8/3/18 at 9:31 am to PortHudsonPlaya
10 years ago, when Expedia and all the travel sites were getting popular, I said I would hate to be a travel agent. Today no one uses a travel agent because everything you need is available online. Now, I would hate to be a real estate agent because they will have the same fate in the coming years. Right or wrong, people don’t see the value and the information you need is readily available.
I’m sure it is more of a pain in the arse to do it yourself but it is also more trouble to research hotels and book flights than it is to call Suzy travel agent and tell her you are going to NY next month and have her do everything. But people do that because the information is there and they don’t see the value. With realtors, the perceived savings are bigger so more people are willing to put in the work to avoid them.
Zillow is not the answer, but the next iterations will continue to improve the process and make the profession obsolete.
I’m sure it is more of a pain in the arse to do it yourself but it is also more trouble to research hotels and book flights than it is to call Suzy travel agent and tell her you are going to NY next month and have her do everything. But people do that because the information is there and they don’t see the value. With realtors, the perceived savings are bigger so more people are willing to put in the work to avoid them.
Zillow is not the answer, but the next iterations will continue to improve the process and make the profession obsolete.
Posted on 8/3/18 at 9:33 am to Janky
quote:
Isn't it about this time in every real estate thread that you show a picture of your house? What is taking so long this time?
I kid, I kid.
It's a good life Janky
And I haven't downvoted anyone in this thread, I can prove it anytime anyone wants me too. But this guy isn't being rational with regards to real estate.
Not saying we don't have a large % who serves it up and deserves being slammed, but this is nonsense. fricking women's logic.
Posted on 8/3/18 at 9:34 am to Ba Ba Boooey
quote:
I didn’t have time away from work to know all the shite my realtor caught and it made my life and the transaction much easier.
What did the realtor find that a home inspector wouldn't have?
The buyer does in a way pay for the realtor because the seller raises the price of the home based upon the projected commission.
Posted on 8/3/18 at 9:34 am to ItNeverRains
You can downvote me if you need to get it out of your system.
Posted on 8/3/18 at 9:35 am to ItNeverRains
quote:
But this guy isn't being rational with regards to real estate.
Not being rational?
You yourself have said you have data showing that properties listed with agents sell for more than FSBO . quote:
ut this is nonsense. fricking women's logic.
You said you have data both for and against what I said. Make up your mind.
This post was edited on 8/3/18 at 9:36 am
Posted on 8/3/18 at 9:39 am to PortHudsonPlaya
Why are you worried about the realtor's commission when you're the buyer? Seller pays the realtor commission, not the buyer. You're gonna find a house on Zillow, then have to have the seller's agent show the house to you and while the sellers have an experienced professional representing their interests in negotiations, you're DIY. Unless its a FSBO deal and you think you can get them to knock the price down by you not having a realtor, then there's no benefit as a buyer to not have a realtor on your side.
But if you insist....
Find a mortgage loan officer because you're going to most likely need to show a pre-approval letter when you submit an offer on a house if you want your offer to be considered. As far as the title company goes, your loan officer should be able to refer you to one that they do business with. Or in some cases, sellers may already have a title company picked out.
But if you insist....
quote:
Go directly to the bank and title company?
Find a mortgage loan officer because you're going to most likely need to show a pre-approval letter when you submit an offer on a house if you want your offer to be considered. As far as the title company goes, your loan officer should be able to refer you to one that they do business with. Or in some cases, sellers may already have a title company picked out.
Posted on 8/3/18 at 9:40 am to LNCHBOX
quote:
Not being rational? You yourself have said you have data showing that properties listed with agents sell for more than FSBO . quote:
Which has nothing to do with an appraiser issuing more value to that property than the market dictates.
Posted on 8/3/18 at 9:42 am to ItNeverRains
quote:
Which has nothing to do with an appraiser issuing more value to that property than the market dictates.
Again, I didn't say that.
Posted on 8/3/18 at 9:43 am to BamaAlum02
There is just a bit more to selling a home than booking a vacation.
I know one thing, I'm not ready to move anytime soon so y'all can knock yourselves out with the selling process. Whether by yourself or with an agent.
I know one thing, I'm not ready to move anytime soon so y'all can knock yourselves out with the selling process. Whether by yourself or with an agent.
Posted on 8/3/18 at 9:45 am to ItNeverRains
quote:
you want to compare historical data on the two scenarios (FSBO vs RE professional), i'm still game.
I'm interested - what does it say?
Posted on 8/3/18 at 9:45 am to LNCHBOX
quote:
But appraisers use comps to come up with their value. Guess what most comps have built into the price...
In your opinion, are commissions built into comps appraisers use to determine value?
Page 4 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News