Buying without a broker

[fsbo]

I fully agree with SDR; “In many cases the result will be that the listing broker simply gets the CBB (the cooperating commission) so while you think you saved 2-3%, in reality you did not. “.

Even for brand new house, if you don’t have buyer agent, the listing agent will eat up buyer’s 2~3%.

I would recommend, as a buyer, take an agent with you, negotiate a good split of the commission; As a seller, do your homework, get it listed while reserve 2~3% for buyer agent, and make it FSBO.

[The OC Scam]

I agree with SDR also…

I have been watching the market that we bought in for about 1 year. In most cases I knew the houses for sale and sold better than our local agent. However our agent has provided more services then I thought we would get!!

Example the seller’s listing agent on many occasions attempt to pull a fast one in which I think the listing agent was the master mind. 1. When we agreed on a price the listing agent said the terms for closing costs were not valid that we only agree to a price excluding closing costs. My agent wouldn’t send over the purchase agreement until they agreed to pay closing costs. 2. The listing agent sent paper work that basically said the seller wasn’t responsible for last year’s taxes….by the way this was a foreclosure…My agent shut that down right away…
My point is the listing agent would have screwed us had we decided to proceed without an agent.

[The OC Scam]

I agree with SDR also…

I have been watching the market that we bought in for about 1 year. In most cases I knew the houses for sale and sold better than our local agent. However our agent has provided more services then I thought we would get!!

Example the seller’s listing agent on many occasions attempt to pull a fast one in which I think the listing agent was the master mind. 1. When we agreed on a price the listing agent said the terms for closing costs were not valid that we only agree to a price excluding closing costs. My agent wouldn’t send over the purchase agreement until they agreed to pay closing costs. 2. The listing agent sent paper work that basically said the seller wasn’t responsible for last year’s taxes….by the way this was a foreclosure…My agent shut that down right away…
My point is the listing agent would have screwed us had we decided to proceed without an agent.

[The OC Scam]

I agree with SDR also…

I have been watching the market that we bought in for about 1 year. In most cases I knew the houses for sale and sold better than our local agent. However our agent has provided more services then I thought we would get!!

Example the seller’s listing agent on many occasions attempt to pull a fast one in which I think the listing agent was the master mind. 1. When we agreed on a price the listing agent said the terms for closing costs were not valid that we only agree to a price excluding closing costs. My agent wouldn’t send over the purchase agreement until they agreed to pay closing costs. 2. The listing agent sent paper work that basically said the seller wasn’t responsible for last year’s taxes….by the way this was a foreclosure…My agent shut that down right away…
My point is the listing agent would have screwed us had we decided to proceed without an agent.

[The OC Scam]

I agree with SDR also…

I have been watching the market that we bought in for about 1 year. In most cases I knew the houses for sale and sold better than our local agent. However our agent has provided more services then I thought we would get!!

Example the seller’s listing agent on many occasions attempt to pull a fast one in which I think the listing agent was the master mind. 1. When we agreed on a price the listing agent said the terms for closing costs were not valid that we only agree to a price excluding closing costs. My agent wouldn’t send over the purchase agreement until they agreed to pay closing costs. 2. The listing agent sent paper work that basically said the seller wasn’t responsible for last year’s taxes….by the way this was a foreclosure…My agent shut that down right away…
My point is the listing agent would have screwed us had we decided to proceed without an agent.

[The OC Scam]

I agree with SDR also…

I have been watching the market that we bought in for about 1 year. In most cases I knew the houses for sale and sold better than our local agent. However our agent has provided more services then I thought we would get!!

Example the seller’s listing agent on many occasions attempt to pull a fast one in which I think the listing agent was the master mind. 1. When we agreed on a price the listing agent said the terms for closing costs were not valid that we only agree to a price excluding closing costs. My agent wouldn’t send over the purchase agreement until they agreed to pay closing costs. 2. The listing agent sent paper work that basically said the seller wasn’t responsible for last year’s taxes….by the way this was a foreclosure…My agent shut that down right away…
My point is the listing agent would have screwed us had we decided to proceed without an agent.

[kicksavedave]

When I bought my first house I did it without an agent. I checked the comps, knew the area, had a home inspection done, etc. But when it came to negotiate with the sellers agent, I told her I wanted a share of that 3% CBB which would have gone to a buyers agent, if I had one. She barked at me and argued, so I said “Fine, I’ll bring an agent by tomorrow and you’ll give the entire 3% to him/her”.

The phone hadn’t hit the reciever when she said “How about some gift certificates to Home Depot?” We agreed on a sliver below 2% since she was paying income taxes on her 6% commission. She made >4% on the sale, and came out ahead of where she’d be if I had an agent and she split the 6%. I got what I needed, and the deal went through without a hitch.

If you’re confident in the value and the rest of the transaction, you CAN save that 2-3% but don’t assume it’s automatically going to be handed over to you. You have to haggle for it, sometimes fight for it. It obviously works better in a buyers market, but I think that’s not an issue for 2008.

[kicksavedave]

When I bought my first house I did it without an agent. I checked the comps, knew the area, had a home inspection done, etc. But when it came to negotiate with the sellers agent, I told her I wanted a share of that 3% CBB which would have gone to a buyers agent, if I had one. She barked at me and argued, so I said “Fine, I’ll bring an agent by tomorrow and you’ll give the entire 3% to him/her”.

The phone hadn’t hit the reciever when she said “How about some gift certificates to Home Depot?” We agreed on a sliver below 2% since she was paying income taxes on her 6% commission. She made >4% on the sale, and came out ahead of where she’d be if I had an agent and she split the 6%. I got what I needed, and the deal went through without a hitch.

If you’re confident in the value and the rest of the transaction, you CAN save that 2-3% but don’t assume it’s automatically going to be handed over to you. You have to haggle for it, sometimes fight for it. It obviously works better in a buyers market, but I think that’s not an issue for 2008.

[kicksavedave]

When I bought my first house I did it without an agent. I checked the comps, knew the area, had a home inspection done, etc. But when it came to negotiate with the sellers agent, I told her I wanted a share of that 3% CBB which would have gone to a buyers agent, if I had one. She barked at me and argued, so I said “Fine, I’ll bring an agent by tomorrow and you’ll give the entire 3% to him/her”.

The phone hadn’t hit the reciever when she said “How about some gift certificates to Home Depot?” We agreed on a sliver below 2% since she was paying income taxes on her 6% commission. She made >4% on the sale, and came out ahead of where she’d be if I had an agent and she split the 6%. I got what I needed, and the deal went through without a hitch.

If you’re confident in the value and the rest of the transaction, you CAN save that 2-3% but don’t assume it’s automatically going to be handed over to you. You have to haggle for it, sometimes fight for it. It obviously works better in a buyers market, but I think that’s not an issue for 2008.

[kicksavedave]

When I bought my first house I did it without an agent. I checked the comps, knew the area, had a home inspection done, etc. But when it came to negotiate with the sellers agent, I told her I wanted a share of that 3% CBB which would have gone to a buyers agent, if I had one. She barked at me and argued, so I said “Fine, I’ll bring an agent by tomorrow and you’ll give the entire 3% to him/her”.

The phone hadn’t hit the reciever when she said “How about some gift certificates to Home Depot?” We agreed on a sliver below 2% since she was paying income taxes on her 6% commission. She made >4% on the sale, and came out ahead of where she’d be if I had an agent and she split the 6%. I got what I needed, and the deal went through without a hitch.

If you’re confident in the value and the rest of the transaction, you CAN save that 2-3% but don’t assume it’s automatically going to be handed over to you. You have to haggle for it, sometimes fight for it. It obviously works better in a buyers market, but I think that’s not an issue for 2008.

[kicksavedave]

When I bought my first house I did it without an agent. I checked the comps, knew the area, had a home inspection done, etc. But when it came to negotiate with the sellers agent, I told her I wanted a share of that 3% CBB which would have gone to a buyers agent, if I had one. She barked at me and argued, so I said “Fine, I’ll bring an agent by tomorrow and you’ll give the entire 3% to him/her”.

The phone hadn’t hit the reciever when she said “How about some gift certificates to Home Depot?” We agreed on a sliver below 2% since she was paying income taxes on her 6% commission. She made >4% on the sale, and came out ahead of where she’d be if I had an agent and she split the 6%. I got what I needed, and the deal went through without a hitch.

If you’re confident in the value and the rest of the transaction, you CAN save that 2-3% but don’t assume it’s automatically going to be handed over to you. You have to haggle for it, sometimes fight for it. It obviously works better in a buyers market, but I think that’s not an issue for 2008.

[nostradamus]

I bought my place without an agent and the seller didn’t have one either. The escrow agent told us everything we needed to do and we did it on our own. I guess I was lucky.

[nostradamus]

I bought my place without an agent and the seller didn’t have one either. The escrow agent told us everything we needed to do and we did it on our own. I guess I was lucky.

[nostradamus]

I bought my place without an agent and the seller didn’t have one either. The escrow agent told us everything we needed to do and we did it on our own. I guess I was lucky.

[nostradamus]

I bought my place without an agent and the seller didn’t have one either. The escrow agent told us everything we needed to do and we did it on our own. I guess I was lucky.

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