[quote=sdrealtor]DRB
You are threadskimming. The guy that bought the house in CM was unrepresented and claimed he got a great deal.[/quote]
Good catch, mea culpa. Cold medicine suppresses more than coughs.
But my objection still stands:
[quote](summing up the mid-2003 RB deal) It was my observation, when running the numbers that the buyer had overpaid by a few percent but that this did not qualify as “getting screwed”.[/quote]
How is overpaying by a few percent at a historic high not “getting screwed”? As a high-risk speculative play, it might have worked out great if the buyer was looking to flip the joint a year or two later. Is that our measure of a good deal around here–some kind of real estate day trading?
This relates directly to the issue of whether an agent saves buyers money: if an agent says something is a “good deal”, as the RB (edited from “Clairemont”–I’m fighting with half my brain behind my back) house would have apparently been if it was 5% cheaper, what exactly is the agent saying? Any salesperson’s motivation is to close deals, period. I don’t begrudge someone making a living, but it’s clear that consumers’ and agents’ interests aren’t naturally aligned.
