Thanks! Yes, we’re really excited. I’m quite confident that prices will continue tp fall throughout this year and my offer reflected that. Yeah, the purchase price is a wee bit under a million bucks. But my realtor isn’t getting all of the commission.
Since I did all of the research and due diligence and I am a very experienced real estate investor, I told the realtor that I’d either go through Redfin or she could rebate the same amount as Redfin. So part of the commission will get rebated back to me at closing.
Really I think that is the direction of things to come heading into the next decade. I really think the more traditional realtor business model will change. I truly believe now that technology is so great and most of the information you can get online, people will move more towards that model.
I have several clients (investors) that have done the same thing. They have either approached a traditional realtor or went to the listing realtor and demanded a portion of the realtor’s fee to get credited at the closing. I really think more buyers need to do that. Of course it’s the buyer’s agent’s choice if they want to go along with that or not. But I can tell you there are plenty of agents out there that are willing to do this. This really is the direction the market is heading with all the technology out there.
Yeah, I agree that getting a hard copy is always good as it’s easier to read but I only worried about getting it quickly as I’m traveling around Hawaii this entire month.
I’m just waiting on the inspection this week. Hopefully everything goes ok with the inspection and if so…should be a quick closing in a few weeks.
Thanks to all of you that had such helpful information on Santaluz. We’re really looking forward to living there and being part of the community there.[/quote]
I agree, the 6% was from a bye gone era when realtors had exclusive copies of new listings that they would only share with their clients. Because they were the only ones with the guarded listing, they “did the research.” These days, most of us do our own search, do our own driving, and the majority of the realtors simply are reduced to filling out forms and delivering the keys.
I can certainly see a few realtors being able to keep that 6% model going by offering above and beyond service for a selected group of clients. but the great majority will have to go down the redfin/ziprealty route of a simple fee for filling forms and opening doors to targeted listings.
btw, as long as you know where you will be traveling, it should not be too hard to arrange FedEx 1-2 day service and get the hard copy paperwork.
