How to Buy w/out a Realtor?

[drboom]

[quote=bearishgurl]I want to chime in here to drive home the neighborhood agent concept a little more and give credit where credit is due to longtime resident buyers shopping on their “home turf.”

UR and sdr volunteered to determine if drboom got a “good deal” in his transaction where he recieved a commission rebate from his buyer’s agent. (I’m using this for an example because drboom’s situation was discussed at length here.) They’ve got the statistics on their computer screens and printouts using certain maps out of a particular zip code (i.e. “Fletcher Hills”). Neither agent’s market or “farm” area is Fletcher Hills and they are located 23 and 43 miles away, respectively. I’m not saying here that these agents don’t know what they’re doing. They do, but crunching these “sterile” stats wouldn’t be the be all and end all for drboom.[/quote]

Applause.

I do in fact have an Aunt Sue, though not in the ‘hood, and I have lots of stories about where to uy and not buy. In my case, I knew a retired geologist who lived down the street. He liked to point out where not to buy a house in this neighborhood (and, generally, what to look out for), and I kept his advice in mind all these years.

[sdrealtor]

Congrats Deadzone on achieiving a significant price advantage. You said you paid 4.9% and the typical commission these days is 5%. I love when people try to claim they saved so much money comparing it to 6% which is extraordinarily rare these days. That is the discounters mantra. NO offense or attack on him but if you look at SD R website he posts savings his sellers reaped vs 6% commissions when he knows full well 5% is the going rate.

[sdrealtor]

Congrats Deadzone on achieiving a significant price advantage. You said you paid 4.9% and the typical commission these days is 5%. I love when people try to claim they saved so much money comparing it to 6% which is extraordinarily rare these days. That is the discounters mantra. NO offense or attack on him but if you look at SD R website he posts savings his sellers reaped vs 6% commissions when he knows full well 5% is the going rate.

[sdrealtor]

Congrats Deadzone on achieiving a significant price advantage. You said you paid 4.9% and the typical commission these days is 5%. I love when people try to claim they saved so much money comparing it to 6% which is extraordinarily rare these days. That is the discounters mantra. NO offense or attack on him but if you look at SD R website he posts savings his sellers reaped vs 6% commissions when he knows full well 5% is the going rate.

[sdrealtor]

Congrats Deadzone on achieiving a significant price advantage. You said you paid 4.9% and the typical commission these days is 5%. I love when people try to claim they saved so much money comparing it to 6% which is extraordinarily rare these days. That is the discounters mantra. NO offense or attack on him but if you look at SD R website he posts savings his sellers reaped vs 6% commissions when he knows full well 5% is the going rate.

[sdrealtor]

Congrats Deadzone on achieiving a significant price advantage. You said you paid 4.9% and the typical commission these days is 5%. I love when people try to claim they saved so much money comparing it to 6% which is extraordinarily rare these days. That is the discounters mantra. NO offense or attack on him but if you look at SD R website he posts savings his sellers reaped vs 6% commissions when he knows full well 5% is the going rate.

[sdrealtor]

BG
I agree on the value of local knowledge and my opinion would be merely that an opinion of someone looking over the comps, financing and confidential remarks to render an opinion as to whether the sales price looked good, great, average or too high. It is not the end all be all but is akin to what a licensed appraiser would do. He declined the offer and I was fine with that.

Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.

[sdrealtor]

BG
I agree on the value of local knowledge and my opinion would be merely that an opinion of someone looking over the comps, financing and confidential remarks to render an opinion as to whether the sales price looked good, great, average or too high. It is not the end all be all but is akin to what a licensed appraiser would do. He declined the offer and I was fine with that.

Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.

[sdrealtor]

BG
I agree on the value of local knowledge and my opinion would be merely that an opinion of someone looking over the comps, financing and confidential remarks to render an opinion as to whether the sales price looked good, great, average or too high. It is not the end all be all but is akin to what a licensed appraiser would do. He declined the offer and I was fine with that.

Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.

[sdrealtor]

BG
I agree on the value of local knowledge and my opinion would be merely that an opinion of someone looking over the comps, financing and confidential remarks to render an opinion as to whether the sales price looked good, great, average or too high. It is not the end all be all but is akin to what a licensed appraiser would do. He declined the offer and I was fine with that.

Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.

[sdrealtor]

BG
I agree on the value of local knowledge and my opinion would be merely that an opinion of someone looking over the comps, financing and confidential remarks to render an opinion as to whether the sales price looked good, great, average or too high. It is not the end all be all but is akin to what a licensed appraiser would do. He declined the offer and I was fine with that.

Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.

[bearishgurl]

[quote=sdrealtor] . . . Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.[/quote]

Oddly enough, sdr, in all of those “scenarios” I described I have personally been a witness to as a neighbor and/or local agent. Two of the scenarios are currently in progress. And these are all just in my neck of the woods with one being in an adjacent area.

It’s not “scare tactics.” In real life, sh*t happens. What I was trying to say here was that working with a non-local buyer’s agent, especially in an established community, is just plain stupid where there are plenty of good longtime local agents to choose from.

Caveat emptor. Looks can be deceiving. It’s a minefield out there. As a buyer, you can attempt to “go it alone” if you wish but don’t later come back and complain about what (and where) you bought ;=)

[bearishgurl]

[quote=sdrealtor] . . . Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.[/quote]

Oddly enough, sdr, in all of those “scenarios” I described I have personally been a witness to as a neighbor and/or local agent. Two of the scenarios are currently in progress. And these are all just in my neck of the woods with one being in an adjacent area.

It’s not “scare tactics.” In real life, sh*t happens. What I was trying to say here was that working with a non-local buyer’s agent, especially in an established community, is just plain stupid where there are plenty of good longtime local agents to choose from.

Caveat emptor. Looks can be deceiving. It’s a minefield out there. As a buyer, you can attempt to “go it alone” if you wish but don’t later come back and complain about what (and where) you bought ;=)

[bearishgurl]

[quote=sdrealtor] . . . Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.[/quote]

Oddly enough, sdr, in all of those “scenarios” I described I have personally been a witness to as a neighbor and/or local agent. Two of the scenarios are currently in progress. And these are all just in my neck of the woods with one being in an adjacent area.

It’s not “scare tactics.” In real life, sh*t happens. What I was trying to say here was that working with a non-local buyer’s agent, especially in an established community, is just plain stupid where there are plenty of good longtime local agents to choose from.

Caveat emptor. Looks can be deceiving. It’s a minefield out there. As a buyer, you can attempt to “go it alone” if you wish but don’t later come back and complain about what (and where) you bought ;=)

[bearishgurl]

[quote=sdrealtor] . . . Thanks again for all the heartwarming stories particularly the murder-suicide story. You have such a wonderful way of always seeing the bright side of life.[/quote]

Oddly enough, sdr, in all of those “scenarios” I described I have personally been a witness to as a neighbor and/or local agent. Two of the scenarios are currently in progress. And these are all just in my neck of the woods with one being in an adjacent area.

It’s not “scare tactics.” In real life, sh*t happens. What I was trying to say here was that working with a non-local buyer’s agent, especially in an established community, is just plain stupid where there are plenty of good longtime local agents to choose from.

Caveat emptor. Looks can be deceiving. It’s a minefield out there. As a buyer, you can attempt to “go it alone” if you wish but don’t later come back and complain about what (and where) you bought ;=)

[Author]

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