re: Ways to skirt a realator when buying?

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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?

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You found the house directly from the realtor by viewing their online listing. They got you. You try to bypass them now and they will hunt you down and show up at the closing. You can not get away.

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why would you want to skirt them as a buyer?

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So he can pay less for the house. Please try to keep up.

go ahead and skip the realtor.

BTW Moron, as a buyer the realtor is free.

But go ahead.

When your selling, also go ahead, you think you save anything by going FSBO? Every single buyer just takes 10-15k off your price, knowing you have no realtor.

Just more work for yourself, less money, and a lot more legal risk.

Enjoy.

And people always wonder why they can never get ahead in life.

Newsflash - when you want an item that costs $100, and you go the DIY route, spend 5 hours of your life and $90 to make a inferior product ---- you have lost.

If the house you're looking at is already listed, then you're only screwing yourself if you choose to "do it alone". The commission is already part of the deal, and you will not be able to "skirt the realtor". He/she is getting the agreed commission (5%, 6%, etc) whether you negotiate on your own, or not. So, why not bring in your own realtor to negotiate on your behalf, and protect your interest? Beware of the dual agent (the listing agent that tries to work both sides of the transaction). Few agents are ethically equipped to work both sides fairly; someone (usually the buyer) is going to consciously,or not, get screwed. So, never let the listing agent act as your agent (the Buyer's agent) in any sales transaction. He/she will be salivating over the unshared commission, but may be tempted to "miss" a few things important to you in order to get to the Act of Sale. If you, however, bring in your own realtor, then the two realtors (and their respective brokers) will split the commission per the terms of the listing agreement..and both will have likely earned their commission. Just so you know, it isn't necessarily a 50/50 split. Depending on the listing agreement, it could be 60/40, 55/45, 70/30, etc. Some listing agents will negotiate a more advantageous split for themselves with the owner. However, some of the less ethical selling agents can, and do, spurn listings with lower splits, and direct their clients to homes with more desirable commission schedules. So the listing agent who attempts to get greedy with a one-sided split might find themselves with a listing that other agents conveniently refuse to show.


In the end, the only way to "skirt a realtor" is to find a home on your own that is "For Sale by Owner". Then, and only then, might you save some dollars on the selling price... because the Seller won't be paying a commission to a listing agent. If you're not totally familiar with the sales process, though, you may want to bring an agent in to negotiate the deal and, again, protect your interest. To go it alone is best left to an experienced buyer... not a novice. There are way to many pitfalls in the typical real estate transaction that could make you regret the purchase A good realtor is easily worth their commission. Bad ones aren't...so choose wisely. Nice legs don't mean shite.

Told straight faced that lowering a commission will attract less realtors because there isn't as much money.

Think about that, they have no duty to satisfy their buyer. Yet they have basically set up a monopoly to limit exposure.

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Closing Attorneys are everywhere and work for the same price if you don't have a realtor.

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The lender & title company will take care of the legal BS. However to be clear the bank will be taking care of themselves not you. If they are cool with it then it is likely fine. The bank wants to make sure you have good clear title before they will even let you mortgage it.

The realtor doesn't help with any of that crap anyway. All they do after the contract is signed is bug the piss out of the lender and title company wanting to know when the closing is.

If I was selling I'd try DIY. Buying is a little harder because realtors use all the web sites that used to be for the DIY'er.

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Either I have to agree to drop the sale price or the buyer has to come up with the entire $25k difference between appraisal and sale price

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That’s not factually correct.....if you’re getting a mortgage through a bank they will not allow a transaction for over the appraised value. Also any side deal you try with the homeowner would be illegal as well. Only way to above appraised value is for the entire deal to be in cash.

I've always felt that realtor is a hard word to spell.

Skirt a what?