How to Buy w/out a Realtor?

[bearishgurl]

[quote=steveno]. . . When making an offer I always take my 3% off the top stating that in the offer directly: This offer reflects 3% savings off the price for not using an agent…I have purchased 3 homes like this and two were from builders. I have had represented buyers come in with agents, offered 2%. Then when they thought they would get smart with me and try to negotiate after a low estimate, I took half of the reduction with their commission and got it down to 1%. They did not want to negotiate down any more after that. . . [/quote](emphasis added)

Oh, hi steveno . . . it’s me again . . .

Do I have it correct that you only purchased ONE resale property unrepresented?

Did you ever receive any proof (i.e. commission addendums or amended escrow instructions) during or at the end of your resale transaction, that showed the listing agent had the 3% shaved off of their contracted commission rate that you requested in your offer should “come off the top?”

And when you closed your two transactions with the builder/developer offices at new construction sites, how do you know whether or not their salespeople were paid any commission for assisting you in your transaction?

[bearishgurl]

[quote=drboom][quote=bearishgurl]And, when you represented yourself on the failed short-sale transaction, did the listing agent ever offer to give up any of his commission to entice the bank to accept your (short) offer to purchase? After all, wasn’t he/his broker going to be paid 100% of the commission since you were unrepresented and thus they didn’t have to split any with you?[/quote]

. . . Fair question. We had a buyer’s agent–a former colleague of the listing agent–at a different brokerage lined up for the sole purpose of representing us during escrow–a fig leaf, if you will. We would have split the commission with that buyer’s agent. I never met that agent, let alone signed anything with him, since the deal never went into escrow.[/quote](emphasis added)

Ah, now I understand completely, drboom. Thank you for clarifying that.

Mr/Ms Fig Leaf, if you will . . . was he/she named on your (Agency attachment or addendum) as your “buyer’s agent” within your offer to purchase? If so, how much commission did they request? (percentage) If the bank had accepted your short-sale offer, your must know that your “deal” would have immediately be sent to escrow. drboom, how do you suppose your escrow officer was going to prepare any instruction or addendum on your “commission-split” with Mr/Ms Fig Leaf if you had never seen or signed anything with him/her? In other words, how did you propose to get paid your “split” if your short-sale offer was accepted?

[bearishgurl]

[quote=drboom][quote=bearishgurl]And, when you represented yourself on the failed short-sale transaction, did the listing agent ever offer to give up any of his commission to entice the bank to accept your (short) offer to purchase? After all, wasn’t he/his broker going to be paid 100% of the commission since you were unrepresented and thus they didn’t have to split any with you?[/quote]

. . . Fair question. We had a buyer’s agent–a former colleague of the listing agent–at a different brokerage lined up for the sole purpose of representing us during escrow–a fig leaf, if you will. We would have split the commission with that buyer’s agent. I never met that agent, let alone signed anything with him, since the deal never went into escrow.[/quote](emphasis added)

Ah, now I understand completely, drboom. Thank you for clarifying that.

Mr/Ms Fig Leaf, if you will . . . was he/she named on your (Agency attachment or addendum) as your “buyer’s agent” within your offer to purchase? If so, how much commission did they request? (percentage) If the bank had accepted your short-sale offer, your must know that your “deal” would have immediately be sent to escrow. drboom, how do you suppose your escrow officer was going to prepare any instruction or addendum on your “commission-split” with Mr/Ms Fig Leaf if you had never seen or signed anything with him/her? In other words, how did you propose to get paid your “split” if your short-sale offer was accepted?

[bearishgurl]

[quote=drboom][quote=bearishgurl]And, when you represented yourself on the failed short-sale transaction, did the listing agent ever offer to give up any of his commission to entice the bank to accept your (short) offer to purchase? After all, wasn’t he/his broker going to be paid 100% of the commission since you were unrepresented and thus they didn’t have to split any with you?[/quote]

. . . Fair question. We had a buyer’s agent–a former colleague of the listing agent–at a different brokerage lined up for the sole purpose of representing us during escrow–a fig leaf, if you will. We would have split the commission with that buyer’s agent. I never met that agent, let alone signed anything with him, since the deal never went into escrow.[/quote](emphasis added)

Ah, now I understand completely, drboom. Thank you for clarifying that.

Mr/Ms Fig Leaf, if you will . . . was he/she named on your (Agency attachment or addendum) as your “buyer’s agent” within your offer to purchase? If so, how much commission did they request? (percentage) If the bank had accepted your short-sale offer, your must know that your “deal” would have immediately be sent to escrow. drboom, how do you suppose your escrow officer was going to prepare any instruction or addendum on your “commission-split” with Mr/Ms Fig Leaf if you had never seen or signed anything with him/her? In other words, how did you propose to get paid your “split” if your short-sale offer was accepted?

[bearishgurl]

[quote=drboom][quote=bearishgurl]And, when you represented yourself on the failed short-sale transaction, did the listing agent ever offer to give up any of his commission to entice the bank to accept your (short) offer to purchase? After all, wasn’t he/his broker going to be paid 100% of the commission since you were unrepresented and thus they didn’t have to split any with you?[/quote]

. . . Fair question. We had a buyer’s agent–a former colleague of the listing agent–at a different brokerage lined up for the sole purpose of representing us during escrow–a fig leaf, if you will. We would have split the commission with that buyer’s agent. I never met that agent, let alone signed anything with him, since the deal never went into escrow.[/quote](emphasis added)

Ah, now I understand completely, drboom. Thank you for clarifying that.

Mr/Ms Fig Leaf, if you will . . . was he/she named on your (Agency attachment or addendum) as your “buyer’s agent” within your offer to purchase? If so, how much commission did they request? (percentage) If the bank had accepted your short-sale offer, your must know that your “deal” would have immediately be sent to escrow. drboom, how do you suppose your escrow officer was going to prepare any instruction or addendum on your “commission-split” with Mr/Ms Fig Leaf if you had never seen or signed anything with him/her? In other words, how did you propose to get paid your “split” if your short-sale offer was accepted?

[bearishgurl]

[quote=drboom][quote=bearishgurl]And, when you represented yourself on the failed short-sale transaction, did the listing agent ever offer to give up any of his commission to entice the bank to accept your (short) offer to purchase? After all, wasn’t he/his broker going to be paid 100% of the commission since you were unrepresented and thus they didn’t have to split any with you?[/quote]

. . . Fair question. We had a buyer’s agent–a former colleague of the listing agent–at a different brokerage lined up for the sole purpose of representing us during escrow–a fig leaf, if you will. We would have split the commission with that buyer’s agent. I never met that agent, let alone signed anything with him, since the deal never went into escrow.[/quote](emphasis added)

Ah, now I understand completely, drboom. Thank you for clarifying that.

Mr/Ms Fig Leaf, if you will . . . was he/she named on your (Agency attachment or addendum) as your “buyer’s agent” within your offer to purchase? If so, how much commission did they request? (percentage) If the bank had accepted your short-sale offer, your must know that your “deal” would have immediately be sent to escrow. drboom, how do you suppose your escrow officer was going to prepare any instruction or addendum on your “commission-split” with Mr/Ms Fig Leaf if you had never seen or signed anything with him/her? In other words, how did you propose to get paid your “split” if your short-sale offer was accepted?

[sdrealtor]

Ha Steveno to you,
If your goal is to get someone to rebate you commissions you can always find someone to do that. Apparently you have been successful at that. Of course that in and of itself means ABSOLUTELY NOTHING! If you got a 3% discount on a property that was inferior to a superior one you could have gotten for 3% more you lost. If you got a 3% rebate but paid 5% too much for what you got you lost.

I have no details on any of your transactions so you may have done great. But getting a property the way you did does not in and of itself mean anything.

[sdrealtor]

Ha Steveno to you,
If your goal is to get someone to rebate you commissions you can always find someone to do that. Apparently you have been successful at that. Of course that in and of itself means ABSOLUTELY NOTHING! If you got a 3% discount on a property that was inferior to a superior one you could have gotten for 3% more you lost. If you got a 3% rebate but paid 5% too much for what you got you lost.

I have no details on any of your transactions so you may have done great. But getting a property the way you did does not in and of itself mean anything.

[sdrealtor]

Ha Steveno to you,
If your goal is to get someone to rebate you commissions you can always find someone to do that. Apparently you have been successful at that. Of course that in and of itself means ABSOLUTELY NOTHING! If you got a 3% discount on a property that was inferior to a superior one you could have gotten for 3% more you lost. If you got a 3% rebate but paid 5% too much for what you got you lost.

I have no details on any of your transactions so you may have done great. But getting a property the way you did does not in and of itself mean anything.

[sdrealtor]

Ha Steveno to you,
If your goal is to get someone to rebate you commissions you can always find someone to do that. Apparently you have been successful at that. Of course that in and of itself means ABSOLUTELY NOTHING! If you got a 3% discount on a property that was inferior to a superior one you could have gotten for 3% more you lost. If you got a 3% rebate but paid 5% too much for what you got you lost.

I have no details on any of your transactions so you may have done great. But getting a property the way you did does not in and of itself mean anything.

[sdrealtor]

Ha Steveno to you,
If your goal is to get someone to rebate you commissions you can always find someone to do that. Apparently you have been successful at that. Of course that in and of itself means ABSOLUTELY NOTHING! If you got a 3% discount on a property that was inferior to a superior one you could have gotten for 3% more you lost. If you got a 3% rebate but paid 5% too much for what you got you lost.

I have no details on any of your transactions so you may have done great. But getting a property the way you did does not in and of itself mean anything.

[sdrealtor]

DR B
This is all very easy to settle. You claim to have prospered but the truth is you dont even know whether you did. If you want to know, here’s an offer. Send me the address of the property you bought and I will review the purchase relative to comps with an unbiased eye. You have my word that I wont identify you. In a similar disagreement, the most secretive blogger on the net (OCRenter)shared with me what he bought. I’m probably one of a very few people who know his identity. I never shared a shread of his identity with anyone and never will. Just so you know I let him know I beleived he got a phenomenal deal and one that would be difficult if not impossible to replicate. The only thing we differed on was he’s convinced he paid a year 2000 nominal price and my opinion was that it was a late 2001/early 2002 price.

I’ll go one further. I will only share with you the results of what I find and leave it up to you as to whether you or I share the results (not the property)with anyone else. If you are concerned about anonymity you can ask anyone on this board if I have ever identified a single human being or violated my promise to anyone. Through out the years of being on this board I have met personally or been able to figure the identity of numerous folks here and have never shared identifying information for one.

So what say you? Ready to settle this once and for all?

[sdrealtor]

DR B
This is all very easy to settle. You claim to have prospered but the truth is you dont even know whether you did. If you want to know, here’s an offer. Send me the address of the property you bought and I will review the purchase relative to comps with an unbiased eye. You have my word that I wont identify you. In a similar disagreement, the most secretive blogger on the net (OCRenter)shared with me what he bought. I’m probably one of a very few people who know his identity. I never shared a shread of his identity with anyone and never will. Just so you know I let him know I beleived he got a phenomenal deal and one that would be difficult if not impossible to replicate. The only thing we differed on was he’s convinced he paid a year 2000 nominal price and my opinion was that it was a late 2001/early 2002 price.

I’ll go one further. I will only share with you the results of what I find and leave it up to you as to whether you or I share the results (not the property)with anyone else. If you are concerned about anonymity you can ask anyone on this board if I have ever identified a single human being or violated my promise to anyone. Through out the years of being on this board I have met personally or been able to figure the identity of numerous folks here and have never shared identifying information for one.

So what say you? Ready to settle this once and for all?

[sdrealtor]

DR B
This is all very easy to settle. You claim to have prospered but the truth is you dont even know whether you did. If you want to know, here’s an offer. Send me the address of the property you bought and I will review the purchase relative to comps with an unbiased eye. You have my word that I wont identify you. In a similar disagreement, the most secretive blogger on the net (OCRenter)shared with me what he bought. I’m probably one of a very few people who know his identity. I never shared a shread of his identity with anyone and never will. Just so you know I let him know I beleived he got a phenomenal deal and one that would be difficult if not impossible to replicate. The only thing we differed on was he’s convinced he paid a year 2000 nominal price and my opinion was that it was a late 2001/early 2002 price.

I’ll go one further. I will only share with you the results of what I find and leave it up to you as to whether you or I share the results (not the property)with anyone else. If you are concerned about anonymity you can ask anyone on this board if I have ever identified a single human being or violated my promise to anyone. Through out the years of being on this board I have met personally or been able to figure the identity of numerous folks here and have never shared identifying information for one.

So what say you? Ready to settle this once and for all?

[sdrealtor]

DR B
This is all very easy to settle. You claim to have prospered but the truth is you dont even know whether you did. If you want to know, here’s an offer. Send me the address of the property you bought and I will review the purchase relative to comps with an unbiased eye. You have my word that I wont identify you. In a similar disagreement, the most secretive blogger on the net (OCRenter)shared with me what he bought. I’m probably one of a very few people who know his identity. I never shared a shread of his identity with anyone and never will. Just so you know I let him know I beleived he got a phenomenal deal and one that would be difficult if not impossible to replicate. The only thing we differed on was he’s convinced he paid a year 2000 nominal price and my opinion was that it was a late 2001/early 2002 price.

I’ll go one further. I will only share with you the results of what I find and leave it up to you as to whether you or I share the results (not the property)with anyone else. If you are concerned about anonymity you can ask anyone on this board if I have ever identified a single human being or violated my promise to anyone. Through out the years of being on this board I have met personally or been able to figure the identity of numerous folks here and have never shared identifying information for one.

So what say you? Ready to settle this once and for all?

[Author]

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