How to Buy w/out a Realtor?

[urbanrealtor]

[quote=njtosd]

I never thought that in the course of a two related threads I would find two real estate professionals resorting to rape analogies. Is there a reason for this? There are a lot of other analogies out there from which to choose. Maybe urbanrealtor could give us some statistics on the likelihood that this coincidence is random.

Also, I’m not so sure that “a pair” is so terribly necessary to answering your questions. As for me, I haven’t claimed to have purchased without an agent, although I am considering it with respect to our next home purchase.
[/quote]

I think the rape analogy stems from the fact that I sometimes feel like a slinger in an episode of the wire. And no, I don’t think that you have to have testicles to respond. I was being facetious (perhaps rather roughly).
I do think though that this thread is generally a lovely conjectural nugget and not something borne out by actual experience.

Give me a zip code or area to work with.

I would like to look at it and see what the actual data says.

If it turns out that exclusive agent representation (where each agent represents one side exclusively) does not actually add valued (which is the essential argument in this thread) then I would like to know.

I have a vested interest in knowing one way or the other.

[njtosd]

With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.

[njtosd]

With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.

[njtosd]

With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.

[njtosd]

With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.

[njtosd]

With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.

[urbanrealtor]

[quote=njtosd]With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.[/quote]

That is not a real distinction.
Almost never does a side go unrepresented.
Most people who think that they are unrepresented, have the listing agent on as “selling agent” (which means buyers agent).
The fact that they are unaware of this is an unpleasant example of the extreme informational disparity.
As far as attorneys, that is even more rare (like less than 1%).

The only real distinction (for statistical purposes) is between transactions where buyer and seller each have their own (distinct) agents and those that do not.

Personal story:
I have an listing that has gotten 7 offers in the last week (9457 Ronda) and today I got a call from a guy who says he is a buyer and wants to meet me in my office to write up an offer. I don’t know this guy. However here is the drill I expect to go through. He will either tell me that he will represent himself or that I can double end. He may ask for a buyer rebate.
Here is what I will do:
I will advise him he can have a rebate from me if its on a different property. If its my listing he wants, I will call another agent whom I trust to be ethical and honest (not a long list). I will probably refuse to write the offer for him if he insists on being unrepresented. If he pushes it then I will give him a blank piece of paper and ask him to write it himself.

[urbanrealtor]

[quote=njtosd]With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.[/quote]

That is not a real distinction.
Almost never does a side go unrepresented.
Most people who think that they are unrepresented, have the listing agent on as “selling agent” (which means buyers agent).
The fact that they are unaware of this is an unpleasant example of the extreme informational disparity.
As far as attorneys, that is even more rare (like less than 1%).

The only real distinction (for statistical purposes) is between transactions where buyer and seller each have their own (distinct) agents and those that do not.

Personal story:
I have an listing that has gotten 7 offers in the last week (9457 Ronda) and today I got a call from a guy who says he is a buyer and wants to meet me in my office to write up an offer. I don’t know this guy. However here is the drill I expect to go through. He will either tell me that he will represent himself or that I can double end. He may ask for a buyer rebate.
Here is what I will do:
I will advise him he can have a rebate from me if its on a different property. If its my listing he wants, I will call another agent whom I trust to be ethical and honest (not a long list). I will probably refuse to write the offer for him if he insists on being unrepresented. If he pushes it then I will give him a blank piece of paper and ask him to write it himself.

[urbanrealtor]

[quote=njtosd]With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.[/quote]

That is not a real distinction.
Almost never does a side go unrepresented.
Most people who think that they are unrepresented, have the listing agent on as “selling agent” (which means buyers agent).
The fact that they are unaware of this is an unpleasant example of the extreme informational disparity.
As far as attorneys, that is even more rare (like less than 1%).

The only real distinction (for statistical purposes) is between transactions where buyer and seller each have their own (distinct) agents and those that do not.

Personal story:
I have an listing that has gotten 7 offers in the last week (9457 Ronda) and today I got a call from a guy who says he is a buyer and wants to meet me in my office to write up an offer. I don’t know this guy. However here is the drill I expect to go through. He will either tell me that he will represent himself or that I can double end. He may ask for a buyer rebate.
Here is what I will do:
I will advise him he can have a rebate from me if its on a different property. If its my listing he wants, I will call another agent whom I trust to be ethical and honest (not a long list). I will probably refuse to write the offer for him if he insists on being unrepresented. If he pushes it then I will give him a blank piece of paper and ask him to write it himself.

[urbanrealtor]

[quote=njtosd]With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.[/quote]

That is not a real distinction.
Almost never does a side go unrepresented.
Most people who think that they are unrepresented, have the listing agent on as “selling agent” (which means buyers agent).
The fact that they are unaware of this is an unpleasant example of the extreme informational disparity.
As far as attorneys, that is even more rare (like less than 1%).

The only real distinction (for statistical purposes) is between transactions where buyer and seller each have their own (distinct) agents and those that do not.

Personal story:
I have an listing that has gotten 7 offers in the last week (9457 Ronda) and today I got a call from a guy who says he is a buyer and wants to meet me in my office to write up an offer. I don’t know this guy. However here is the drill I expect to go through. He will either tell me that he will represent himself or that I can double end. He may ask for a buyer rebate.
Here is what I will do:
I will advise him he can have a rebate from me if its on a different property. If its my listing he wants, I will call another agent whom I trust to be ethical and honest (not a long list). I will probably refuse to write the offer for him if he insists on being unrepresented. If he pushes it then I will give him a blank piece of paper and ask him to write it himself.

[urbanrealtor]

[quote=njtosd]With respect to my posts, your comparison is off the mark. My argument has never been that a single agent representing both buyer and seller is better or worse than each having their own. The data that I would be interested in (let’s say for 92130) is a comparison of sales where agents were involved on both sides to those where one or both parties were represented by an attorney or represented themselves. My guess is that it’s a hard comparison to make, because most of the time agents are involved on both sides.[/quote]

That is not a real distinction.
Almost never does a side go unrepresented.
Most people who think that they are unrepresented, have the listing agent on as “selling agent” (which means buyers agent).
The fact that they are unaware of this is an unpleasant example of the extreme informational disparity.
As far as attorneys, that is even more rare (like less than 1%).

The only real distinction (for statistical purposes) is between transactions where buyer and seller each have their own (distinct) agents and those that do not.

Personal story:
I have an listing that has gotten 7 offers in the last week (9457 Ronda) and today I got a call from a guy who says he is a buyer and wants to meet me in my office to write up an offer. I don’t know this guy. However here is the drill I expect to go through. He will either tell me that he will represent himself or that I can double end. He may ask for a buyer rebate.
Here is what I will do:
I will advise him he can have a rebate from me if its on a different property. If its my listing he wants, I will call another agent whom I trust to be ethical and honest (not a long list). I will probably refuse to write the offer for him if he insists on being unrepresented. If he pushes it then I will give him a blank piece of paper and ask him to write it himself.

[Coronita]

[quote=urbanrealtor]Also:
To those who are bragging about having bought without an agent:

I dare you to post an address (or pm it).
I will share it with other agents on this board and in my office and we will tell you if we think you actually got a good price or not. (you may or may not have).
We will not post the address if you would prefer.

If you don’t have the courage to give us that, then I submit you are a coward without the courage of your convictions.

I am calling you out.

Reply if you’ve got a pair.

Otherwise step off.[/quote]

dude, next time I trade up to derby hills home in CV. I’m going to get an agent like you. I need some snarky shark to go after those deals… My agent friend, although I like and knows the area pretty well, is only half as sharky. I want a full headed shark 🙂

[Coronita]

[quote=urbanrealtor]Also:
To those who are bragging about having bought without an agent:

I dare you to post an address (or pm it).
I will share it with other agents on this board and in my office and we will tell you if we think you actually got a good price or not. (you may or may not have).
We will not post the address if you would prefer.

If you don’t have the courage to give us that, then I submit you are a coward without the courage of your convictions.

I am calling you out.

Reply if you’ve got a pair.

Otherwise step off.[/quote]

dude, next time I trade up to derby hills home in CV. I’m going to get an agent like you. I need some snarky shark to go after those deals… My agent friend, although I like and knows the area pretty well, is only half as sharky. I want a full headed shark 🙂

[Coronita]

[quote=urbanrealtor]Also:
To those who are bragging about having bought without an agent:

I dare you to post an address (or pm it).
I will share it with other agents on this board and in my office and we will tell you if we think you actually got a good price or not. (you may or may not have).
We will not post the address if you would prefer.

If you don’t have the courage to give us that, then I submit you are a coward without the courage of your convictions.

I am calling you out.

Reply if you’ve got a pair.

Otherwise step off.[/quote]

dude, next time I trade up to derby hills home in CV. I’m going to get an agent like you. I need some snarky shark to go after those deals… My agent friend, although I like and knows the area pretty well, is only half as sharky. I want a full headed shark 🙂

[Coronita]

[quote=urbanrealtor]Also:
To those who are bragging about having bought without an agent:

I dare you to post an address (or pm it).
I will share it with other agents on this board and in my office and we will tell you if we think you actually got a good price or not. (you may or may not have).
We will not post the address if you would prefer.

If you don’t have the courage to give us that, then I submit you are a coward without the courage of your convictions.

I am calling you out.

Reply if you’ve got a pair.

Otherwise step off.[/quote]

dude, next time I trade up to derby hills home in CV. I’m going to get an agent like you. I need some snarky shark to go after those deals… My agent friend, although I like and knows the area pretty well, is only half as sharky. I want a full headed shark 🙂

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