How to Buy w/out a Realtor?

[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]

What specifically do you mean “you can get screwed.” Can’t a buyer get screwed with a buyer’s agent? To make the math work out, my “getting screwed” would have to result in more than 2-3% of the sale.

I am just trying to see what value a buyer’s agent brings to the table that is worth 2-3%. Please give me an example.

[matt-waiting]

What specifically do you mean “you can get screwed.” Can’t a buyer get screwed with a buyer’s agent? To make the math work out, my “getting screwed” would have to result in more than 2-3% of the sale.

I am just trying to see what value a buyer’s agent brings to the table that is worth 2-3%. Please give me an example.

[matt-waiting]

What specifically do you mean “you can get screwed.” Can’t a buyer get screwed with a buyer’s agent? To make the math work out, my “getting screwed” would have to result in more than 2-3% of the sale.

I am just trying to see what value a buyer’s agent brings to the table that is worth 2-3%. Please give me an example.

[matt-waiting]

What specifically do you mean “you can get screwed.” Can’t a buyer get screwed with a buyer’s agent? To make the math work out, my “getting screwed” would have to result in more than 2-3% of the sale.

I am just trying to see what value a buyer’s agent brings to the table that is worth 2-3%. Please give me an example.

[matt-waiting]

What specifically do you mean “you can get screwed.” Can’t a buyer get screwed with a buyer’s agent? To make the math work out, my “getting screwed” would have to result in more than 2-3% of the sale.

I am just trying to see what value a buyer’s agent brings to the table that is worth 2-3%. Please give me an example.

[joec]

A lot of times, the seller agent simply doesn’t care that you don’t have an agent. Like if you go to a new home development, even without an agent, you’re not going to get any discounts.

The seller already has a contract to pay the agent a certain percentage and doesn’t care you don’t have an agent with you since their fee is set already.

If you want a cheaper price, the seller’s agent can be a dual agent, but they may not want the hassle with dealing with you I’ve notice since if priced right, they can sell it pretty easily already. If priced wrong, the property is overpriced…

If you do a lot of your own legwork, you may want to consider the discount side where you get less service, but may save a little bit…

[joec]

A lot of times, the seller agent simply doesn’t care that you don’t have an agent. Like if you go to a new home development, even without an agent, you’re not going to get any discounts.

The seller already has a contract to pay the agent a certain percentage and doesn’t care you don’t have an agent with you since their fee is set already.

If you want a cheaper price, the seller’s agent can be a dual agent, but they may not want the hassle with dealing with you I’ve notice since if priced right, they can sell it pretty easily already. If priced wrong, the property is overpriced…

If you do a lot of your own legwork, you may want to consider the discount side where you get less service, but may save a little bit…

[joec]

A lot of times, the seller agent simply doesn’t care that you don’t have an agent. Like if you go to a new home development, even without an agent, you’re not going to get any discounts.

The seller already has a contract to pay the agent a certain percentage and doesn’t care you don’t have an agent with you since their fee is set already.

If you want a cheaper price, the seller’s agent can be a dual agent, but they may not want the hassle with dealing with you I’ve notice since if priced right, they can sell it pretty easily already. If priced wrong, the property is overpriced…

If you do a lot of your own legwork, you may want to consider the discount side where you get less service, but may save a little bit…

[joec]

A lot of times, the seller agent simply doesn’t care that you don’t have an agent. Like if you go to a new home development, even without an agent, you’re not going to get any discounts.

The seller already has a contract to pay the agent a certain percentage and doesn’t care you don’t have an agent with you since their fee is set already.

If you want a cheaper price, the seller’s agent can be a dual agent, but they may not want the hassle with dealing with you I’ve notice since if priced right, they can sell it pretty easily already. If priced wrong, the property is overpriced…

If you do a lot of your own legwork, you may want to consider the discount side where you get less service, but may save a little bit…

[joec]

A lot of times, the seller agent simply doesn’t care that you don’t have an agent. Like if you go to a new home development, even without an agent, you’re not going to get any discounts.

The seller already has a contract to pay the agent a certain percentage and doesn’t care you don’t have an agent with you since their fee is set already.

If you want a cheaper price, the seller’s agent can be a dual agent, but they may not want the hassle with dealing with you I’ve notice since if priced right, they can sell it pretty easily already. If priced wrong, the property is overpriced…

If you do a lot of your own legwork, you may want to consider the discount side where you get less service, but may save a little bit…

[XBoxBoy]

[quote=matt-waiting]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.[/quote]

Bwwaaahhahahahahahahahha…..

Ummmm…. sorry to burst your bubble, but no way am I gonna agree that most listing agents are gonna do anything because they have a fiduciary duty. And if you’ve got the idea that they are gonna do it out of fiduciary duty, then I think you’re gonna get taken as the sucker in this transaction. (Nothing personal mind you, I just think you need a definite wake up call regarding the ethics of real estate transactions)

Look Matt, I’m not a realtor and I’m not defending them. And like you, I thought about going it alone when I first went looking. Under some circumstances I’d say it’s doable. But in most cases you gain very little in exchange for increasing risks. Also, depending on your market and your realtor the realtor might be able to actually give you an advantage in the search, negotiation, and closing process. (Your agent can also screw you, but that’s another thread altogether) And that’s not to say that the buyer’s agent is worth the 2-3%, merely that the system is what it is, and part of that system is to cause pain to those who fail to play along.

just my 2cents worth.

XBoxBoy

[XBoxBoy]

[quote=matt-waiting]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.[/quote]

Bwwaaahhahahahahahahahha…..

Ummmm…. sorry to burst your bubble, but no way am I gonna agree that most listing agents are gonna do anything because they have a fiduciary duty. And if you’ve got the idea that they are gonna do it out of fiduciary duty, then I think you’re gonna get taken as the sucker in this transaction. (Nothing personal mind you, I just think you need a definite wake up call regarding the ethics of real estate transactions)

Look Matt, I’m not a realtor and I’m not defending them. And like you, I thought about going it alone when I first went looking. Under some circumstances I’d say it’s doable. But in most cases you gain very little in exchange for increasing risks. Also, depending on your market and your realtor the realtor might be able to actually give you an advantage in the search, negotiation, and closing process. (Your agent can also screw you, but that’s another thread altogether) And that’s not to say that the buyer’s agent is worth the 2-3%, merely that the system is what it is, and part of that system is to cause pain to those who fail to play along.

just my 2cents worth.

XBoxBoy

[XBoxBoy]

[quote=matt-waiting]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.[/quote]

Bwwaaahhahahahahahahahha…..

Ummmm…. sorry to burst your bubble, but no way am I gonna agree that most listing agents are gonna do anything because they have a fiduciary duty. And if you’ve got the idea that they are gonna do it out of fiduciary duty, then I think you’re gonna get taken as the sucker in this transaction. (Nothing personal mind you, I just think you need a definite wake up call regarding the ethics of real estate transactions)

Look Matt, I’m not a realtor and I’m not defending them. And like you, I thought about going it alone when I first went looking. Under some circumstances I’d say it’s doable. But in most cases you gain very little in exchange for increasing risks. Also, depending on your market and your realtor the realtor might be able to actually give you an advantage in the search, negotiation, and closing process. (Your agent can also screw you, but that’s another thread altogether) And that’s not to say that the buyer’s agent is worth the 2-3%, merely that the system is what it is, and part of that system is to cause pain to those who fail to play along.

just my 2cents worth.

XBoxBoy

[XBoxBoy]

[quote=matt-waiting]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.[/quote]

Bwwaaahhahahahahahahahha…..

Ummmm…. sorry to burst your bubble, but no way am I gonna agree that most listing agents are gonna do anything because they have a fiduciary duty. And if you’ve got the idea that they are gonna do it out of fiduciary duty, then I think you’re gonna get taken as the sucker in this transaction. (Nothing personal mind you, I just think you need a definite wake up call regarding the ethics of real estate transactions)

Look Matt, I’m not a realtor and I’m not defending them. And like you, I thought about going it alone when I first went looking. Under some circumstances I’d say it’s doable. But in most cases you gain very little in exchange for increasing risks. Also, depending on your market and your realtor the realtor might be able to actually give you an advantage in the search, negotiation, and closing process. (Your agent can also screw you, but that’s another thread altogether) And that’s not to say that the buyer’s agent is worth the 2-3%, merely that the system is what it is, and part of that system is to cause pain to those who fail to play along.

just my 2cents worth.

XBoxBoy

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