without buyers agent?

[bsrsharma]

4S Ranch Buyer, See the thread “offer in. now we play the game…(REO)” to see if it makes sense to you. Bottom line: Buyers agent bad for REOs, may not be bad for non-REOs.

[urbanrealtor]

[quote=bsrsharma]4S Ranch Buyer, See the thread “offer in. now we play the game…(REO)” to see if it makes sense to you. Bottom line: Buyers agent bad for REOs, may not be bad for non-REOs.[/quote]
For this statement to be true, it means:
-that the listing agent is small time and therefore willing to risk the bank relationship in service of a few points on this escrow
-that you can get to the listing agent directly.

In smaller towns (eg: temecula, menifee, el centro) these are more likely to be true. In larger cities, it is less likely. In SD, probably the largest reo crew is Weichert Elite (headed by Donna SanFilippo and Erik Weichelt (not the same name as the company)). They used to be San Diego REO’s until Weichert national bought them out. Last time I talked with them, they close more than 50% of their deals with other agents involved. Smaller agents (with only 5-10 listings at a time) are more likely to need that extra few thousand.

[urbanrealtor]

[quote=bsrsharma]4S Ranch Buyer, See the thread “offer in. now we play the game…(REO)” to see if it makes sense to you. Bottom line: Buyers agent bad for REOs, may not be bad for non-REOs.[/quote]
For this statement to be true, it means:
-that the listing agent is small time and therefore willing to risk the bank relationship in service of a few points on this escrow
-that you can get to the listing agent directly.

In smaller towns (eg: temecula, menifee, el centro) these are more likely to be true. In larger cities, it is less likely. In SD, probably the largest reo crew is Weichert Elite (headed by Donna SanFilippo and Erik Weichelt (not the same name as the company)). They used to be San Diego REO’s until Weichert national bought them out. Last time I talked with them, they close more than 50% of their deals with other agents involved. Smaller agents (with only 5-10 listings at a time) are more likely to need that extra few thousand.

[urbanrealtor]

[quote=bsrsharma]4S Ranch Buyer, See the thread “offer in. now we play the game…(REO)” to see if it makes sense to you. Bottom line: Buyers agent bad for REOs, may not be bad for non-REOs.[/quote]
For this statement to be true, it means:
-that the listing agent is small time and therefore willing to risk the bank relationship in service of a few points on this escrow
-that you can get to the listing agent directly.

In smaller towns (eg: temecula, menifee, el centro) these are more likely to be true. In larger cities, it is less likely. In SD, probably the largest reo crew is Weichert Elite (headed by Donna SanFilippo and Erik Weichelt (not the same name as the company)). They used to be San Diego REO’s until Weichert national bought them out. Last time I talked with them, they close more than 50% of their deals with other agents involved. Smaller agents (with only 5-10 listings at a time) are more likely to need that extra few thousand.

[urbanrealtor]

[quote=bsrsharma]4S Ranch Buyer, See the thread “offer in. now we play the game…(REO)” to see if it makes sense to you. Bottom line: Buyers agent bad for REOs, may not be bad for non-REOs.[/quote]
For this statement to be true, it means:
-that the listing agent is small time and therefore willing to risk the bank relationship in service of a few points on this escrow
-that you can get to the listing agent directly.

In smaller towns (eg: temecula, menifee, el centro) these are more likely to be true. In larger cities, it is less likely. In SD, probably the largest reo crew is Weichert Elite (headed by Donna SanFilippo and Erik Weichelt (not the same name as the company)). They used to be San Diego REO’s until Weichert national bought them out. Last time I talked with them, they close more than 50% of their deals with other agents involved. Smaller agents (with only 5-10 listings at a time) are more likely to need that extra few thousand.

[urbanrealtor]

[quote=bsrsharma]4S Ranch Buyer, See the thread “offer in. now we play the game…(REO)” to see if it makes sense to you. Bottom line: Buyers agent bad for REOs, may not be bad for non-REOs.[/quote]
For this statement to be true, it means:
-that the listing agent is small time and therefore willing to risk the bank relationship in service of a few points on this escrow
-that you can get to the listing agent directly.

In smaller towns (eg: temecula, menifee, el centro) these are more likely to be true. In larger cities, it is less likely. In SD, probably the largest reo crew is Weichert Elite (headed by Donna SanFilippo and Erik Weichelt (not the same name as the company)). They used to be San Diego REO’s until Weichert national bought them out. Last time I talked with them, they close more than 50% of their deals with other agents involved. Smaller agents (with only 5-10 listings at a time) are more likely to need that extra few thousand.

[Anonymous]

It’s not a good idea. Unfortunately, some people think that they’ll save 3% without an agent when purchasing a new construction home. Most national builders know how many homes will be sold each year by agents and how many will be sold to buyers without agents. The builder builds the commission into his marketing budget. Say a builder knows that 83% of his sales are Realtor generated. He budgets for this. When you walk in without an agent, you’re one of the 17% that he’s budgeted for and you give him an opportunity to move lesser desired properties. Chances are, you’ll pay more than you would have because you won’t have the benefit of your agent’s advice and experience, and also comps if available.

Breckenridge Realtor
http://www.luckymountainhome.com/

[Anonymous]

It’s not a good idea. Unfortunately, some people think that they’ll save 3% without an agent when purchasing a new construction home. Most national builders know how many homes will be sold each year by agents and how many will be sold to buyers without agents. The builder builds the commission into his marketing budget. Say a builder knows that 83% of his sales are Realtor generated. He budgets for this. When you walk in without an agent, you’re one of the 17% that he’s budgeted for and you give him an opportunity to move lesser desired properties. Chances are, you’ll pay more than you would have because you won’t have the benefit of your agent’s advice and experience, and also comps if available.

Breckenridge Realtor
http://www.luckymountainhome.com/

[Anonymous]

It’s not a good idea. Unfortunately, some people think that they’ll save 3% without an agent when purchasing a new construction home. Most national builders know how many homes will be sold each year by agents and how many will be sold to buyers without agents. The builder builds the commission into his marketing budget. Say a builder knows that 83% of his sales are Realtor generated. He budgets for this. When you walk in without an agent, you’re one of the 17% that he’s budgeted for and you give him an opportunity to move lesser desired properties. Chances are, you’ll pay more than you would have because you won’t have the benefit of your agent’s advice and experience, and also comps if available.

Breckenridge Realtor
http://www.luckymountainhome.com/

[Anonymous]

It’s not a good idea. Unfortunately, some people think that they’ll save 3% without an agent when purchasing a new construction home. Most national builders know how many homes will be sold each year by agents and how many will be sold to buyers without agents. The builder builds the commission into his marketing budget. Say a builder knows that 83% of his sales are Realtor generated. He budgets for this. When you walk in without an agent, you’re one of the 17% that he’s budgeted for and you give him an opportunity to move lesser desired properties. Chances are, you’ll pay more than you would have because you won’t have the benefit of your agent’s advice and experience, and also comps if available.

Breckenridge Realtor
http://www.luckymountainhome.com/

[Anonymous]

It’s not a good idea. Unfortunately, some people think that they’ll save 3% without an agent when purchasing a new construction home. Most national builders know how many homes will be sold each year by agents and how many will be sold to buyers without agents. The builder builds the commission into his marketing budget. Say a builder knows that 83% of his sales are Realtor generated. He budgets for this. When you walk in without an agent, you’re one of the 17% that he’s budgeted for and you give him an opportunity to move lesser desired properties. Chances are, you’ll pay more than you would have because you won’t have the benefit of your agent’s advice and experience, and also comps if available.

Breckenridge Realtor
http://www.luckymountainhome.com/

[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[Author]

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