How to Buy w/out a Realtor?

[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

[matt-waiting]

Thanks Xbox – the fiduciary duty comment was a bit sarcastic. But I am glad my bias did not show through.

I would still like to hear about these “risks” everyone keeps talking about.

The buyer’s agent is not a home inspector.

I can negotiate my own financing.

What risks am I avoiding with a buyer’s agent?

[matt-waiting]

Thanks Xbox – the fiduciary duty comment was a bit sarcastic. But I am glad my bias did not show through.

I would still like to hear about these “risks” everyone keeps talking about.

The buyer’s agent is not a home inspector.

I can negotiate my own financing.

What risks am I avoiding with a buyer’s agent?

[matt-waiting]

Thanks Xbox – the fiduciary duty comment was a bit sarcastic. But I am glad my bias did not show through.

I would still like to hear about these “risks” everyone keeps talking about.

The buyer’s agent is not a home inspector.

I can negotiate my own financing.

What risks am I avoiding with a buyer’s agent?

[matt-waiting]

Thanks Xbox – the fiduciary duty comment was a bit sarcastic. But I am glad my bias did not show through.

I would still like to hear about these “risks” everyone keeps talking about.

The buyer’s agent is not a home inspector.

I can negotiate my own financing.

What risks am I avoiding with a buyer’s agent?

[matt-waiting]

Thanks Xbox – the fiduciary duty comment was a bit sarcastic. But I am glad my bias did not show through.

I would still like to hear about these “risks” everyone keeps talking about.

The buyer’s agent is not a home inspector.

I can negotiate my own financing.

What risks am I avoiding with a buyer’s agent?

[ybitz]

What if you wrote up an offer, and in the purchase offer you say the listing agent is to split the commission with you. Upon receiving the offer, isn’t the listing agent obligated to show it to the seller even if he/she doesn’t like it? And then, it’s up to the seller to accept or decline.

[ybitz]

What if you wrote up an offer, and in the purchase offer you say the listing agent is to split the commission with you. Upon receiving the offer, isn’t the listing agent obligated to show it to the seller even if he/she doesn’t like it? And then, it’s up to the seller to accept or decline.

[ybitz]

What if you wrote up an offer, and in the purchase offer you say the listing agent is to split the commission with you. Upon receiving the offer, isn’t the listing agent obligated to show it to the seller even if he/she doesn’t like it? And then, it’s up to the seller to accept or decline.

[ybitz]

What if you wrote up an offer, and in the purchase offer you say the listing agent is to split the commission with you. Upon receiving the offer, isn’t the listing agent obligated to show it to the seller even if he/she doesn’t like it? And then, it’s up to the seller to accept or decline.

[ybitz]

What if you wrote up an offer, and in the purchase offer you say the listing agent is to split the commission with you. Upon receiving the offer, isn’t the listing agent obligated to show it to the seller even if he/she doesn’t like it? And then, it’s up to the seller to accept or decline.

[sdrealtor]

Actually listing agent does have a fiduciary responsibility and good ones know and respect that. Otherwise they get sued.

You may be incurring more risks with a bad buyers agent just like you can avoid risks with a good one.

Like I said this isnt rocket science. I’m sure that any of you who spent a few years of their life doing this and closing several dozen transactions would gain the experience to be very good at this. Someone doing anything in this world for the first time is unlikely to do it well. Its really that simple. The first time you try to rollerskate you usually fall on your butt and dust yourself off. In a real estate transaction it can be very costly to fall on your butt and even more costly to dust yourself off. Thats all. It doesnt matter to me what you do and I hope it goes well for you whatever you decide.

[sdrealtor]

Actually listing agent does have a fiduciary responsibility and good ones know and respect that. Otherwise they get sued.

You may be incurring more risks with a bad buyers agent just like you can avoid risks with a good one.

Like I said this isnt rocket science. I’m sure that any of you who spent a few years of their life doing this and closing several dozen transactions would gain the experience to be very good at this. Someone doing anything in this world for the first time is unlikely to do it well. Its really that simple. The first time you try to rollerskate you usually fall on your butt and dust yourself off. In a real estate transaction it can be very costly to fall on your butt and even more costly to dust yourself off. Thats all. It doesnt matter to me what you do and I hope it goes well for you whatever you decide.

[sdrealtor]

Actually listing agent does have a fiduciary responsibility and good ones know and respect that. Otherwise they get sued.

You may be incurring more risks with a bad buyers agent just like you can avoid risks with a good one.

Like I said this isnt rocket science. I’m sure that any of you who spent a few years of their life doing this and closing several dozen transactions would gain the experience to be very good at this. Someone doing anything in this world for the first time is unlikely to do it well. Its really that simple. The first time you try to rollerskate you usually fall on your butt and dust yourself off. In a real estate transaction it can be very costly to fall on your butt and even more costly to dust yourself off. Thats all. It doesnt matter to me what you do and I hope it goes well for you whatever you decide.

[sdrealtor]

Actually listing agent does have a fiduciary responsibility and good ones know and respect that. Otherwise they get sued.

You may be incurring more risks with a bad buyers agent just like you can avoid risks with a good one.

Like I said this isnt rocket science. I’m sure that any of you who spent a few years of their life doing this and closing several dozen transactions would gain the experience to be very good at this. Someone doing anything in this world for the first time is unlikely to do it well. Its really that simple. The first time you try to rollerskate you usually fall on your butt and dust yourself off. In a real estate transaction it can be very costly to fall on your butt and even more costly to dust yourself off. Thats all. It doesnt matter to me what you do and I hope it goes well for you whatever you decide.

[Author]

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