How to Buy w/out a Realtor?

[bearishgurl]

[quote=njtosd]You must have lived in CA for most of your life :). Oklahoma and Texas are not part of the midwest. And according to the real estate info I looked at for Topeka (KS) the average is 6%. I can’t believe that anyone would pay more than 6 these days, with the availability of information about commissions on the internet. Maybe in areas with elderly people who are not as likely to use internet resources, but I assume that will change over time.[/quote]

Topeka, KS is a city. I stated that rural brokers are charging this much to sell agricultural/commercial property or houses in very small towns. I have relatives in these areas and I have been told by them that 7%+ is the going rate for a house in a small town and 7.5%+ for acreage.

Yes, I HAVE lived in CA most all of my life (except HS), but I visit these states often. Okay, southwest then . . . if they are not “mid”west then is the “midwest” east of there? Please elaborate on where you consider the “midwest” to be. I was educated in CA and CO (HS) so maybe I’m just stupid about this stuff :=]

[njtosd]

The midwest excludes the southern row of states (including OK). I would agree with the maps that wikipedia provides:

Midwest: http://en.wikipedia.org/wiki/Midwest_us

Southwest: http://en.wikipedia.org/wiki/Southwest_US

Southern U.S. : http://en.wikipedia.org/wiki/Southern_US

[njtosd]

The midwest excludes the southern row of states (including OK). I would agree with the maps that wikipedia provides:

Midwest: http://en.wikipedia.org/wiki/Midwest_us

Southwest: http://en.wikipedia.org/wiki/Southwest_US

Southern U.S. : http://en.wikipedia.org/wiki/Southern_US

[njtosd]

The midwest excludes the southern row of states (including OK). I would agree with the maps that wikipedia provides:

Midwest: http://en.wikipedia.org/wiki/Midwest_us

Southwest: http://en.wikipedia.org/wiki/Southwest_US

Southern U.S. : http://en.wikipedia.org/wiki/Southern_US

[njtosd]

The midwest excludes the southern row of states (including OK). I would agree with the maps that wikipedia provides:

Midwest: http://en.wikipedia.org/wiki/Midwest_us

Southwest: http://en.wikipedia.org/wiki/Southwest_US

Southern U.S. : http://en.wikipedia.org/wiki/Southern_US

[njtosd]

The midwest excludes the southern row of states (including OK). I would agree with the maps that wikipedia provides:

Midwest: http://en.wikipedia.org/wiki/Midwest_us

Southwest: http://en.wikipedia.org/wiki/Southwest_US

Southern U.S. : http://en.wikipedia.org/wiki/Southern_US

[Coronita]

Wow folks. I went out, had lunch, dialed in to do some work, went to miramar speed circuit, and came back…You folks still at it? 🙂

Just kidding…Carry on….

FWIW… when I bought my place, I was represented by a a realtor. Agent ended up rebating her 1.5% back to me. Of course, it came in the form of a 1099….My agent apparently did that for folks. But not all agents are willing

[Coronita]

Wow folks. I went out, had lunch, dialed in to do some work, went to miramar speed circuit, and came back…You folks still at it? 🙂

Just kidding…Carry on….

FWIW… when I bought my place, I was represented by a a realtor. Agent ended up rebating her 1.5% back to me. Of course, it came in the form of a 1099….My agent apparently did that for folks. But not all agents are willing

[Coronita]

Wow folks. I went out, had lunch, dialed in to do some work, went to miramar speed circuit, and came back…You folks still at it? 🙂

Just kidding…Carry on….

FWIW… when I bought my place, I was represented by a a realtor. Agent ended up rebating her 1.5% back to me. Of course, it came in the form of a 1099….My agent apparently did that for folks. But not all agents are willing

[Coronita]

Wow folks. I went out, had lunch, dialed in to do some work, went to miramar speed circuit, and came back…You folks still at it? 🙂

Just kidding…Carry on….

FWIW… when I bought my place, I was represented by a a realtor. Agent ended up rebating her 1.5% back to me. Of course, it came in the form of a 1099….My agent apparently did that for folks. But not all agents are willing

[Coronita]

Wow folks. I went out, had lunch, dialed in to do some work, went to miramar speed circuit, and came back…You folks still at it? 🙂

Just kidding…Carry on….

FWIW… when I bought my place, I was represented by a a realtor. Agent ended up rebating her 1.5% back to me. Of course, it came in the form of a 1099….My agent apparently did that for folks. But not all agents are willing

[urbanrealtor]

Okay this thread has been alternately boring and cloddishly inane.

There are 2 rather dumb narratives going on here:
There is the:
I-have-a-strategy-that-will-get-me-a-better-price-and-maybe-some-of-the-lazy-agent’s-commission narrative

or the:
you-need-representation-or-you-will-get-screwed-(and-I-need-job-security) narrative

Both have some validity but are basically retarded because they are dependent entirely on counter factuals (you would have gotten a better deal if…).

So here is some data:

This is a list of all properties in 92101 that have closed that went pending (not closed) in the last 90 days.

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1940723749&s=SND&t=SND&g=1

Here is the subset list of all of those properties where the listing office and buyer’s office were the same office( I used office instead of agent because often agents will hide a double end by putting one of the ends under an assistant or RE partner).

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1635955827&s=SND&t=SND&g=1

As you can see the average ppsf was higher for those deals where the buyer’s rep was part of the same shop as the seller’s rep.

This is a statistical example of what agents already know colloquially, and it supports the assertions of both the pro and anti buyer agent camps. (note: the double-ended deals closed faster)

Bottom line:
Having a buyer agent who is unrelated to the listing agent is better for total price and it is also true that buyer agents can be an impediment to actually doing a deal.

That may be because the buyer’s agent is more likely to dig in on price and repairs or it may be just that buyer’s agents are contrary. Whatever.

One word of caution:
Many people think that they can get the benefits of one without the drawbacks (I know enough that I won’t overpay). That is a bit like saying that you will be the one dude in your cellblock not to get raped or the one freshman who gets a hot female roommate.

Its not a winning strategy to be too smart by half.

[urbanrealtor]

Okay this thread has been alternately boring and cloddishly inane.

There are 2 rather dumb narratives going on here:
There is the:
I-have-a-strategy-that-will-get-me-a-better-price-and-maybe-some-of-the-lazy-agent’s-commission narrative

or the:
you-need-representation-or-you-will-get-screwed-(and-I-need-job-security) narrative

Both have some validity but are basically retarded because they are dependent entirely on counter factuals (you would have gotten a better deal if…).

So here is some data:

This is a list of all properties in 92101 that have closed that went pending (not closed) in the last 90 days.

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1940723749&s=SND&t=SND&g=1

Here is the subset list of all of those properties where the listing office and buyer’s office were the same office( I used office instead of agent because often agents will hide a double end by putting one of the ends under an assistant or RE partner).

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1635955827&s=SND&t=SND&g=1

As you can see the average ppsf was higher for those deals where the buyer’s rep was part of the same shop as the seller’s rep.

This is a statistical example of what agents already know colloquially, and it supports the assertions of both the pro and anti buyer agent camps. (note: the double-ended deals closed faster)

Bottom line:
Having a buyer agent who is unrelated to the listing agent is better for total price and it is also true that buyer agents can be an impediment to actually doing a deal.

That may be because the buyer’s agent is more likely to dig in on price and repairs or it may be just that buyer’s agents are contrary. Whatever.

One word of caution:
Many people think that they can get the benefits of one without the drawbacks (I know enough that I won’t overpay). That is a bit like saying that you will be the one dude in your cellblock not to get raped or the one freshman who gets a hot female roommate.

Its not a winning strategy to be too smart by half.

[urbanrealtor]

Okay this thread has been alternately boring and cloddishly inane.

There are 2 rather dumb narratives going on here:
There is the:
I-have-a-strategy-that-will-get-me-a-better-price-and-maybe-some-of-the-lazy-agent’s-commission narrative

or the:
you-need-representation-or-you-will-get-screwed-(and-I-need-job-security) narrative

Both have some validity but are basically retarded because they are dependent entirely on counter factuals (you would have gotten a better deal if…).

So here is some data:

This is a list of all properties in 92101 that have closed that went pending (not closed) in the last 90 days.

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1940723749&s=SND&t=SND&g=1

Here is the subset list of all of those properties where the listing office and buyer’s office were the same office( I used office instead of agent because often agents will hide a double end by putting one of the ends under an assistant or RE partner).

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1635955827&s=SND&t=SND&g=1

As you can see the average ppsf was higher for those deals where the buyer’s rep was part of the same shop as the seller’s rep.

This is a statistical example of what agents already know colloquially, and it supports the assertions of both the pro and anti buyer agent camps. (note: the double-ended deals closed faster)

Bottom line:
Having a buyer agent who is unrelated to the listing agent is better for total price and it is also true that buyer agents can be an impediment to actually doing a deal.

That may be because the buyer’s agent is more likely to dig in on price and repairs or it may be just that buyer’s agents are contrary. Whatever.

One word of caution:
Many people think that they can get the benefits of one without the drawbacks (I know enough that I won’t overpay). That is a bit like saying that you will be the one dude in your cellblock not to get raped or the one freshman who gets a hot female roommate.

Its not a winning strategy to be too smart by half.

[urbanrealtor]

Okay this thread has been alternately boring and cloddishly inane.

There are 2 rather dumb narratives going on here:
There is the:
I-have-a-strategy-that-will-get-me-a-better-price-and-maybe-some-of-the-lazy-agent’s-commission narrative

or the:
you-need-representation-or-you-will-get-screwed-(and-I-need-job-security) narrative

Both have some validity but are basically retarded because they are dependent entirely on counter factuals (you would have gotten a better deal if…).

So here is some data:

This is a list of all properties in 92101 that have closed that went pending (not closed) in the last 90 days.

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1940723749&s=SND&t=SND&g=1

Here is the subset list of all of those properties where the listing office and buyer’s office were the same office( I used office instead of agent because often agents will hide a double end by putting one of the ends under an assistant or RE partner).

http://tempo5.sandicor.com/Pub/EmailView.asp?r=1635955827&s=SND&t=SND&g=1

As you can see the average ppsf was higher for those deals where the buyer’s rep was part of the same shop as the seller’s rep.

This is a statistical example of what agents already know colloquially, and it supports the assertions of both the pro and anti buyer agent camps. (note: the double-ended deals closed faster)

Bottom line:
Having a buyer agent who is unrelated to the listing agent is better for total price and it is also true that buyer agents can be an impediment to actually doing a deal.

That may be because the buyer’s agent is more likely to dig in on price and repairs or it may be just that buyer’s agents are contrary. Whatever.

One word of caution:
Many people think that they can get the benefits of one without the drawbacks (I know enough that I won’t overpay). That is a bit like saying that you will be the one dude in your cellblock not to get raped or the one freshman who gets a hot female roommate.

Its not a winning strategy to be too smart by half.

[Author]

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