How to Buy w/out a Realtor?

[sdrealtor]

Matt,
If you want specifics I would be happy to share them with you. We can set up some time and you can pay for it on an hourly basis. I’ll tell you everything you want to hear. I’ll pull up hundreds of closed sales where the buyer was represented by the sellers agent and got royally screwed as a result. Until them you get what you get. I am not here to scare you, I am here to share valuable insight gleaned from years of experience. It is funny to hear agents ridiculed as idiots and crooks but then you want to put your hands into one who is looking out for someone else. Thats fine with me and I really dont care what you decide.

Like I said Matt, I think you should go for it. (BTW thats encouragement not a scare tactic.)

[sdrealtor]

I am far from a native also. Most of my knowledge comes from working in a RE office where many of the agents have sold homes in this marketplace for 20 to 40 years. Every week we carvaned new listings in the office for a couple hours and we drove with 3 to 5 of us in each car. I figure that I did that somewhere between 300 and 400 times and each time we saw 5 to 10 homes. We also discussed everything we drove past. Additionally, we sat in the offcie talking about local RE almost every day. The conversations were priceless as some of folks grew up here and/or were in this business when most of the homes were built in 70’s and 80’s. Some sold the underlying land, some represented builders and some have worked directly with developers. I meet real natives of this area who dont know a fraction of what I have learned from my colleagues and friends in the business.

[sdrealtor]

I am far from a native also. Most of my knowledge comes from working in a RE office where many of the agents have sold homes in this marketplace for 20 to 40 years. Every week we carvaned new listings in the office for a couple hours and we drove with 3 to 5 of us in each car. I figure that I did that somewhere between 300 and 400 times and each time we saw 5 to 10 homes. We also discussed everything we drove past. Additionally, we sat in the offcie talking about local RE almost every day. The conversations were priceless as some of folks grew up here and/or were in this business when most of the homes were built in 70’s and 80’s. Some sold the underlying land, some represented builders and some have worked directly with developers. I meet real natives of this area who dont know a fraction of what I have learned from my colleagues and friends in the business.

[sdrealtor]

I am far from a native also. Most of my knowledge comes from working in a RE office where many of the agents have sold homes in this marketplace for 20 to 40 years. Every week we carvaned new listings in the office for a couple hours and we drove with 3 to 5 of us in each car. I figure that I did that somewhere between 300 and 400 times and each time we saw 5 to 10 homes. We also discussed everything we drove past. Additionally, we sat in the offcie talking about local RE almost every day. The conversations were priceless as some of folks grew up here and/or were in this business when most of the homes were built in 70’s and 80’s. Some sold the underlying land, some represented builders and some have worked directly with developers. I meet real natives of this area who dont know a fraction of what I have learned from my colleagues and friends in the business.

[sdrealtor]

I am far from a native also. Most of my knowledge comes from working in a RE office where many of the agents have sold homes in this marketplace for 20 to 40 years. Every week we carvaned new listings in the office for a couple hours and we drove with 3 to 5 of us in each car. I figure that I did that somewhere between 300 and 400 times and each time we saw 5 to 10 homes. We also discussed everything we drove past. Additionally, we sat in the offcie talking about local RE almost every day. The conversations were priceless as some of folks grew up here and/or were in this business when most of the homes were built in 70’s and 80’s. Some sold the underlying land, some represented builders and some have worked directly with developers. I meet real natives of this area who dont know a fraction of what I have learned from my colleagues and friends in the business.

[sdrealtor]

I am far from a native also. Most of my knowledge comes from working in a RE office where many of the agents have sold homes in this marketplace for 20 to 40 years. Every week we carvaned new listings in the office for a couple hours and we drove with 3 to 5 of us in each car. I figure that I did that somewhere between 300 and 400 times and each time we saw 5 to 10 homes. We also discussed everything we drove past. Additionally, we sat in the offcie talking about local RE almost every day. The conversations were priceless as some of folks grew up here and/or were in this business when most of the homes were built in 70’s and 80’s. Some sold the underlying land, some represented builders and some have worked directly with developers. I meet real natives of this area who dont know a fraction of what I have learned from my colleagues and friends in the business.

[all]

[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]

You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.

Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.

[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?

[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]

Did you read my post? I did receive concrete added value, I got my offer accepted.

[quote=bearishgurl]

captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)

[all]

[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]

You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.

Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.

[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?

[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]

Did you read my post? I did receive concrete added value, I got my offer accepted.

[quote=bearishgurl]

captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)

[all]

[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]

You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.

Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.

[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?

[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]

Did you read my post? I did receive concrete added value, I got my offer accepted.

[quote=bearishgurl]

captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)

[all]

[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]

You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.

Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.

[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?

[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]

Did you read my post? I did receive concrete added value, I got my offer accepted.

[quote=bearishgurl]

captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)

[all]

[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]

You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.

Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.

[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?

[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]

Did you read my post? I did receive concrete added value, I got my offer accepted.

[quote=bearishgurl]

captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)

[all]

[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.

BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.

When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.

Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.

BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]

How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.

Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.

Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.

[all]

[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.

BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.

When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.

Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.

BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]

How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.

Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.

Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.

[all]

[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.

BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.

When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.

Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.

BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]

How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.

Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.

Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.

[all]

[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.

BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.

When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.

Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.

BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]

How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.

Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.

Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.

[Author]

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