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June 26, 2008 at 11:47 AM #13131June 26, 2008 at 1:09 PM #228930EconProfParticipant
Having bought and sold dozens of properties over many years, both with and without brokers, I can categorically state that almost no one should do it without a carefully-selected broker.
There are so many pitfalls a broker can steer you away from, so many negotiating tactics to alert you to, so much paperwork, and so much market information a good broker can bring to the average buyer or seller, that it is just naive to worry about the 3 – 5% (not 7%) they will cost.Frankly, the biggest advantage of having an agent for each side is to insulate the buyer and seller from each other. This is a zero-sum game and it is impossible for egos to not get in the way. Good brokers keep everything civil and know how to move the deal along past the landmines.
In today’s market, with sellers in denial, the seller’s agent can be the best friend the buyer ever had. They can pound some sense into their head and get the sale done.
Admittedly, a lot of agents and brokers are NOT capable, or hard working, or completely honest. But a lot are–your job is to find them.June 26, 2008 at 1:09 PM #229050EconProfParticipantHaving bought and sold dozens of properties over many years, both with and without brokers, I can categorically state that almost no one should do it without a carefully-selected broker.
There are so many pitfalls a broker can steer you away from, so many negotiating tactics to alert you to, so much paperwork, and so much market information a good broker can bring to the average buyer or seller, that it is just naive to worry about the 3 – 5% (not 7%) they will cost.Frankly, the biggest advantage of having an agent for each side is to insulate the buyer and seller from each other. This is a zero-sum game and it is impossible for egos to not get in the way. Good brokers keep everything civil and know how to move the deal along past the landmines.
In today’s market, with sellers in denial, the seller’s agent can be the best friend the buyer ever had. They can pound some sense into their head and get the sale done.
Admittedly, a lot of agents and brokers are NOT capable, or hard working, or completely honest. But a lot are–your job is to find them.June 26, 2008 at 1:09 PM #229058EconProfParticipantHaving bought and sold dozens of properties over many years, both with and without brokers, I can categorically state that almost no one should do it without a carefully-selected broker.
There are so many pitfalls a broker can steer you away from, so many negotiating tactics to alert you to, so much paperwork, and so much market information a good broker can bring to the average buyer or seller, that it is just naive to worry about the 3 – 5% (not 7%) they will cost.Frankly, the biggest advantage of having an agent for each side is to insulate the buyer and seller from each other. This is a zero-sum game and it is impossible for egos to not get in the way. Good brokers keep everything civil and know how to move the deal along past the landmines.
In today’s market, with sellers in denial, the seller’s agent can be the best friend the buyer ever had. They can pound some sense into their head and get the sale done.
Admittedly, a lot of agents and brokers are NOT capable, or hard working, or completely honest. But a lot are–your job is to find them.June 26, 2008 at 1:09 PM #229093EconProfParticipantHaving bought and sold dozens of properties over many years, both with and without brokers, I can categorically state that almost no one should do it without a carefully-selected broker.
There are so many pitfalls a broker can steer you away from, so many negotiating tactics to alert you to, so much paperwork, and so much market information a good broker can bring to the average buyer or seller, that it is just naive to worry about the 3 – 5% (not 7%) they will cost.Frankly, the biggest advantage of having an agent for each side is to insulate the buyer and seller from each other. This is a zero-sum game and it is impossible for egos to not get in the way. Good brokers keep everything civil and know how to move the deal along past the landmines.
In today’s market, with sellers in denial, the seller’s agent can be the best friend the buyer ever had. They can pound some sense into their head and get the sale done.
Admittedly, a lot of agents and brokers are NOT capable, or hard working, or completely honest. But a lot are–your job is to find them.June 26, 2008 at 1:09 PM #229107EconProfParticipantHaving bought and sold dozens of properties over many years, both with and without brokers, I can categorically state that almost no one should do it without a carefully-selected broker.
There are so many pitfalls a broker can steer you away from, so many negotiating tactics to alert you to, so much paperwork, and so much market information a good broker can bring to the average buyer or seller, that it is just naive to worry about the 3 – 5% (not 7%) they will cost.Frankly, the biggest advantage of having an agent for each side is to insulate the buyer and seller from each other. This is a zero-sum game and it is impossible for egos to not get in the way. Good brokers keep everything civil and know how to move the deal along past the landmines.
In today’s market, with sellers in denial, the seller’s agent can be the best friend the buyer ever had. They can pound some sense into their head and get the sale done.
Admittedly, a lot of agents and brokers are NOT capable, or hard working, or completely honest. But a lot are–your job is to find them.June 26, 2008 at 1:41 PM #228950La Jolla RenterParticipantI am not a Realtor!!!
Buying without one is much different than selling without one, just from a liability standpoint.
All the studies I have read and just by personal observation, you come out a head with a top notch listing agent.
When you list a house for sale by owner, all the buyers want you to give them the discount. That’s what I would be thinking anyway.
June 26, 2008 at 1:41 PM #229070La Jolla RenterParticipantI am not a Realtor!!!
Buying without one is much different than selling without one, just from a liability standpoint.
All the studies I have read and just by personal observation, you come out a head with a top notch listing agent.
When you list a house for sale by owner, all the buyers want you to give them the discount. That’s what I would be thinking anyway.
June 26, 2008 at 1:41 PM #229078La Jolla RenterParticipantI am not a Realtor!!!
Buying without one is much different than selling without one, just from a liability standpoint.
All the studies I have read and just by personal observation, you come out a head with a top notch listing agent.
When you list a house for sale by owner, all the buyers want you to give them the discount. That’s what I would be thinking anyway.
June 26, 2008 at 1:41 PM #229112La Jolla RenterParticipantI am not a Realtor!!!
Buying without one is much different than selling without one, just from a liability standpoint.
All the studies I have read and just by personal observation, you come out a head with a top notch listing agent.
When you list a house for sale by owner, all the buyers want you to give them the discount. That’s what I would be thinking anyway.
June 26, 2008 at 1:41 PM #229127La Jolla RenterParticipantI am not a Realtor!!!
Buying without one is much different than selling without one, just from a liability standpoint.
All the studies I have read and just by personal observation, you come out a head with a top notch listing agent.
When you list a house for sale by owner, all the buyers want you to give them the discount. That’s what I would be thinking anyway.
June 26, 2008 at 8:33 PM #229116sdduuuudeParticipantI see four groups:
1) Those who know what they are doing and believe they know what they are doing. They won’t use a realtor and they’ll do fine.
2) Those who know what they are doing but don’t think they know what they are doing. They will use a realtor and will be wasting the money they pay to the agent.
3) Those who don’t know what they are doing but think they do. They will not use a realtor and will get screwed.
4) Those who don’t know what they are doing and realize it. They will use a realtor and get good value for what they pay.
Which group are you in?
Maybe we need a poll.June 26, 2008 at 8:33 PM #229291sdduuuudeParticipantI see four groups:
1) Those who know what they are doing and believe they know what they are doing. They won’t use a realtor and they’ll do fine.
2) Those who know what they are doing but don’t think they know what they are doing. They will use a realtor and will be wasting the money they pay to the agent.
3) Those who don’t know what they are doing but think they do. They will not use a realtor and will get screwed.
4) Those who don’t know what they are doing and realize it. They will use a realtor and get good value for what they pay.
Which group are you in?
Maybe we need a poll.June 26, 2008 at 8:33 PM #229279sdduuuudeParticipantI see four groups:
1) Those who know what they are doing and believe they know what they are doing. They won’t use a realtor and they’ll do fine.
2) Those who know what they are doing but don’t think they know what they are doing. They will use a realtor and will be wasting the money they pay to the agent.
3) Those who don’t know what they are doing but think they do. They will not use a realtor and will get screwed.
4) Those who don’t know what they are doing and realize it. They will use a realtor and get good value for what they pay.
Which group are you in?
Maybe we need a poll.June 26, 2008 at 8:33 PM #229244sdduuuudeParticipantI see four groups:
1) Those who know what they are doing and believe they know what they are doing. They won’t use a realtor and they’ll do fine.
2) Those who know what they are doing but don’t think they know what they are doing. They will use a realtor and will be wasting the money they pay to the agent.
3) Those who don’t know what they are doing but think they do. They will not use a realtor and will get screwed.
4) Those who don’t know what they are doing and realize it. They will use a realtor and get good value for what they pay.
Which group are you in?
Maybe we need a poll. -
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