How to Buy w/out a Realtor?

[XBoxBoy]

This has been covered in a number of past threads, so you might want to do some searching.

But here’s a couple things to think about.

1) There’s almost no way the seller will get the 3% that would have gone to your agent. In most cases the listing agent gets the commission and isn’t likely to give much if any to you for not having an agent of your own.

2) You can always use a discount brokerage which will rebate some (not all) of the buyer’s agents commission back to you. (There are reasons for and against this, I’ll leave it to you to read up on it)

3) You should probably only try to go it alone if you are fairly knowledgeable about real estate transactions. It’s not rocket science, but you need to know how the process works and how to protect yourself and what to do if there are issues during escrow.

4) Depending on the price and details of the purchase, (is it an REO, short sale, or regular sale) using the listing agent as your agent might impact whether you get the house, or someone else does. But if you read various threads on this site, you’ll see this can cut both ways.

IMHO, bottom line to this is that it isn’t as simple as some make it out to be, (although it’s not impossible) there are definite issues and risks and it is not usually a benefit to the buyer to go without an agent.

To answer your last question: Because the realtors have a really good lock on the system, and there aren’t many good ways to get past it.

Hope that helps some,

XBoxBoy

[Anonymous]

I know people who have done completely agent-less transactions, it isn’t as complicated as the realtors would like you to believe. I recommend you resarch on the Internet to put together a checklist of all the documents, procedures, etc. required for purchasing a house in California.

Plus now that most/all of the MLS inventory can be accessed by the layperson, you should be fine, just contact sellers agent directly.

I recommend you do some research and give it a try. If it doesn’t work out for you, you can always contract an agent later. Also, if you do decide to go through an agent, check on some of the discount realtors in town, you should be able to negotatiate a lower commission.

Why isn’t this done more often, cause most people are ingorant and the realtor trade groups have powerful marketing/lobbying arms that have successfully brainwashed the majority of the public.

[Anonymous]

I know people who have done completely agent-less transactions, it isn’t as complicated as the realtors would like you to believe. I recommend you resarch on the Internet to put together a checklist of all the documents, procedures, etc. required for purchasing a house in California.

Plus now that most/all of the MLS inventory can be accessed by the layperson, you should be fine, just contact sellers agent directly.

I recommend you do some research and give it a try. If it doesn’t work out for you, you can always contract an agent later. Also, if you do decide to go through an agent, check on some of the discount realtors in town, you should be able to negotatiate a lower commission.

Why isn’t this done more often, cause most people are ingorant and the realtor trade groups have powerful marketing/lobbying arms that have successfully brainwashed the majority of the public.

[Anonymous]

I know people who have done completely agent-less transactions, it isn’t as complicated as the realtors would like you to believe. I recommend you resarch on the Internet to put together a checklist of all the documents, procedures, etc. required for purchasing a house in California.

Plus now that most/all of the MLS inventory can be accessed by the layperson, you should be fine, just contact sellers agent directly.

I recommend you do some research and give it a try. If it doesn’t work out for you, you can always contract an agent later. Also, if you do decide to go through an agent, check on some of the discount realtors in town, you should be able to negotatiate a lower commission.

Why isn’t this done more often, cause most people are ingorant and the realtor trade groups have powerful marketing/lobbying arms that have successfully brainwashed the majority of the public.

[Anonymous]

I know people who have done completely agent-less transactions, it isn’t as complicated as the realtors would like you to believe. I recommend you resarch on the Internet to put together a checklist of all the documents, procedures, etc. required for purchasing a house in California.

Plus now that most/all of the MLS inventory can be accessed by the layperson, you should be fine, just contact sellers agent directly.

I recommend you do some research and give it a try. If it doesn’t work out for you, you can always contract an agent later. Also, if you do decide to go through an agent, check on some of the discount realtors in town, you should be able to negotatiate a lower commission.

Why isn’t this done more often, cause most people are ingorant and the realtor trade groups have powerful marketing/lobbying arms that have successfully brainwashed the majority of the public.

[Anonymous]

I know people who have done completely agent-less transactions, it isn’t as complicated as the realtors would like you to believe. I recommend you resarch on the Internet to put together a checklist of all the documents, procedures, etc. required for purchasing a house in California.

Plus now that most/all of the MLS inventory can be accessed by the layperson, you should be fine, just contact sellers agent directly.

I recommend you do some research and give it a try. If it doesn’t work out for you, you can always contract an agent later. Also, if you do decide to go through an agent, check on some of the discount realtors in town, you should be able to negotatiate a lower commission.

Why isn’t this done more often, cause most people are ingorant and the realtor trade groups have powerful marketing/lobbying arms that have successfully brainwashed the majority of the public.

[sdrealtor]

Wrong it is done fairly often. Its not rocket science but it isnt without risks either. It can go well and you can make out but it can also go poorly and you can get screwed. It just depends upon upon your risk tolerance.

A good experienced agent can take the pants off a lesser skilled agent. Last week I got in a contractual tussle with an agent up in OC who thought she was hot stuff. She pissed me off enough to make me want her to pay for my aggravation. I cant explain all the details but she basically was left with the choice of giving up $2,000 of her commission or devasting her client who would have fired her. She deserved it and I would never do that to someone who didnt really deserve that. Other experienced agents might not be so kind.

[sdrealtor]

Wrong it is done fairly often. Its not rocket science but it isnt without risks either. It can go well and you can make out but it can also go poorly and you can get screwed. It just depends upon upon your risk tolerance.

A good experienced agent can take the pants off a lesser skilled agent. Last week I got in a contractual tussle with an agent up in OC who thought she was hot stuff. She pissed me off enough to make me want her to pay for my aggravation. I cant explain all the details but she basically was left with the choice of giving up $2,000 of her commission or devasting her client who would have fired her. She deserved it and I would never do that to someone who didnt really deserve that. Other experienced agents might not be so kind.

[sdrealtor]

Wrong it is done fairly often. Its not rocket science but it isnt without risks either. It can go well and you can make out but it can also go poorly and you can get screwed. It just depends upon upon your risk tolerance.

A good experienced agent can take the pants off a lesser skilled agent. Last week I got in a contractual tussle with an agent up in OC who thought she was hot stuff. She pissed me off enough to make me want her to pay for my aggravation. I cant explain all the details but she basically was left with the choice of giving up $2,000 of her commission or devasting her client who would have fired her. She deserved it and I would never do that to someone who didnt really deserve that. Other experienced agents might not be so kind.

[sdrealtor]

Wrong it is done fairly often. Its not rocket science but it isnt without risks either. It can go well and you can make out but it can also go poorly and you can get screwed. It just depends upon upon your risk tolerance.

A good experienced agent can take the pants off a lesser skilled agent. Last week I got in a contractual tussle with an agent up in OC who thought she was hot stuff. She pissed me off enough to make me want her to pay for my aggravation. I cant explain all the details but she basically was left with the choice of giving up $2,000 of her commission or devasting her client who would have fired her. She deserved it and I would never do that to someone who didnt really deserve that. Other experienced agents might not be so kind.

[sdrealtor]

Wrong it is done fairly often. Its not rocket science but it isnt without risks either. It can go well and you can make out but it can also go poorly and you can get screwed. It just depends upon upon your risk tolerance.

A good experienced agent can take the pants off a lesser skilled agent. Last week I got in a contractual tussle with an agent up in OC who thought she was hot stuff. She pissed me off enough to make me want her to pay for my aggravation. I cant explain all the details but she basically was left with the choice of giving up $2,000 of her commission or devasting her client who would have fired her. She deserved it and I would never do that to someone who didnt really deserve that. Other experienced agents might not be so kind.

[matt-waiting]

“How much depends upon what you could negotiate but why wouldnt they just sell it to someone else and let the buyers agent do all the work for the same amount?”

Because you have a fiduciary duty to your client and if a buyer who was offering more money meant that you did more work, I would say you are obligated to do it.

[matt-waiting]

“How much depends upon what you could negotiate but why wouldnt they just sell it to someone else and let the buyers agent do all the work for the same amount?”

Because you have a fiduciary duty to your client and if a buyer who was offering more money meant that you did more work, I would say you are obligated to do it.

[matt-waiting]

“How much depends upon what you could negotiate but why wouldnt they just sell it to someone else and let the buyers agent do all the work for the same amount?”

Because you have a fiduciary duty to your client and if a buyer who was offering more money meant that you did more work, I would say you are obligated to do it.

[matt-waiting]

“How much depends upon what you could negotiate but why wouldnt they just sell it to someone else and let the buyers agent do all the work for the same amount?”

Because you have a fiduciary duty to your client and if a buyer who was offering more money meant that you did more work, I would say you are obligated to do it.

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