[quote=urbanrealtor]
. . .
DIY2:
Purchased a house in the greater Clairemont area.
They went directly to the seller (who I guess they knew) and made an offer that resulted in the same seller net they would have gotten if they used an agent (but with less total purchase price). Note: this purchase was in mid-2003 during an accelerating boom market.
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]
urbanrealtor –
Can you provide a little more information about why you think the buyer overpaid (at the time) by a few percent? If the seller doesn’t mind, can you tell us how much (in dollars) you think was overpaid? Considering the number of factors that can vary from property to property, I would think it would be difficult to cut it that close. Are there any realtors who (publicly) attempt to predict the ultimate sale price of homes on the market? (Don’t know if that would be ethical – ).
