[SD Realtor]

You have labelled your agent as another intermediary although this intermediary would most likely be your strongest ally. Additionally while you may infer that you will be saving 2-3% in commission in many cases this is not true. In many cases the result will be that the listing broker simply gets the CBB (the cooperating commission) so while you think you saved 2-3%, in reality you did not. Now the converse to the argument is that if the listing agent is going to represent both sides they will most likely fight hardest for your offer since they will make a good haul. You can even leverage them with that knowledge. So if you do submit the offer and agree to dual agency you can ask them what the CBB is that they will be getting. You can thus lower your offer by that amount perhaps. Another alternative is to submit the offer without representation and make it clear you are not being represented. Again, you can submit the offer 2-3% less then you would have with an agent and provide a letter explaining your stance.

As far as what the benefits are to having a buyers agent… I guess my advice would be to ask family or friends. I have found that convincing people of the need for a buyers agent is not worth the time. There are brokers (who give good personalized service) and who also offer cash rebates or credits of portions of the commission so that may be a good compromise as well. There are more detached organizations like redfin or zip that do the same but are not as personalized. My recommendation would be to talk to a few of each type, see what they can do for you, then decide.

SD Realtor

[SD Realtor]

You have labelled your agent as another intermediary although this intermediary would most likely be your strongest ally. Additionally while you may infer that you will be saving 2-3% in commission in many cases this is not true. In many cases the result will be that the listing broker simply gets the CBB (the cooperating commission) so while you think you saved 2-3%, in reality you did not. Now the converse to the argument is that if the listing agent is going to represent both sides they will most likely fight hardest for your offer since they will make a good haul. You can even leverage them with that knowledge. So if you do submit the offer and agree to dual agency you can ask them what the CBB is that they will be getting. You can thus lower your offer by that amount perhaps. Another alternative is to submit the offer without representation and make it clear you are not being represented. Again, you can submit the offer 2-3% less then you would have with an agent and provide a letter explaining your stance.

As far as what the benefits are to having a buyers agent… I guess my advice would be to ask family or friends. I have found that convincing people of the need for a buyers agent is not worth the time. There are brokers (who give good personalized service) and who also offer cash rebates or credits of portions of the commission so that may be a good compromise as well. There are more detached organizations like redfin or zip that do the same but are not as personalized. My recommendation would be to talk to a few of each type, see what they can do for you, then decide.

SD Realtor

[SD Realtor]

You have labelled your agent as another intermediary although this intermediary would most likely be your strongest ally. Additionally while you may infer that you will be saving 2-3% in commission in many cases this is not true. In many cases the result will be that the listing broker simply gets the CBB (the cooperating commission) so while you think you saved 2-3%, in reality you did not. Now the converse to the argument is that if the listing agent is going to represent both sides they will most likely fight hardest for your offer since they will make a good haul. You can even leverage them with that knowledge. So if you do submit the offer and agree to dual agency you can ask them what the CBB is that they will be getting. You can thus lower your offer by that amount perhaps. Another alternative is to submit the offer without representation and make it clear you are not being represented. Again, you can submit the offer 2-3% less then you would have with an agent and provide a letter explaining your stance.

As far as what the benefits are to having a buyers agent… I guess my advice would be to ask family or friends. I have found that convincing people of the need for a buyers agent is not worth the time. There are brokers (who give good personalized service) and who also offer cash rebates or credits of portions of the commission so that may be a good compromise as well. There are more detached organizations like redfin or zip that do the same but are not as personalized. My recommendation would be to talk to a few of each type, see what they can do for you, then decide.

SD Realtor

[SD Realtor]

You have labelled your agent as another intermediary although this intermediary would most likely be your strongest ally. Additionally while you may infer that you will be saving 2-3% in commission in many cases this is not true. In many cases the result will be that the listing broker simply gets the CBB (the cooperating commission) so while you think you saved 2-3%, in reality you did not. Now the converse to the argument is that if the listing agent is going to represent both sides they will most likely fight hardest for your offer since they will make a good haul. You can even leverage them with that knowledge. So if you do submit the offer and agree to dual agency you can ask them what the CBB is that they will be getting. You can thus lower your offer by that amount perhaps. Another alternative is to submit the offer without representation and make it clear you are not being represented. Again, you can submit the offer 2-3% less then you would have with an agent and provide a letter explaining your stance.

As far as what the benefits are to having a buyers agent… I guess my advice would be to ask family or friends. I have found that convincing people of the need for a buyers agent is not worth the time. There are brokers (who give good personalized service) and who also offer cash rebates or credits of portions of the commission so that may be a good compromise as well. There are more detached organizations like redfin or zip that do the same but are not as personalized. My recommendation would be to talk to a few of each type, see what they can do for you, then decide.

SD Realtor

[SD Realtor]

Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

SD Realtor

[SD Realtor]

Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

SD Realtor

[SD Realtor]

Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

SD Realtor

[SD Realtor]

Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

SD Realtor

[SD Realtor]

Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

SD Realtor

[SD Realtor]

These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..

These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.

SD Realtor

[SD Realtor]

These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..

These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.

SD Realtor

[SD Realtor]

These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..

These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.

SD Realtor

[SD Realtor]

These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..

These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.

SD Realtor

[SD Realtor]

These days postponements are the norm. One of my short sales is on the third postponement. If you can get a short sale offer in they will postpone it. If you can claim bankruptcy I think they will postpone it. The owner does not make the postponement only the lender or servicer can do it. So this seller could have been submitting a bunch of fake offers… Also you may want to check county records for bankrupcty stuff..

These are speculative statements by me ocrenter. If I have more time later in the week and you remind me, I will call up a little bird I know. She is an ace at digging down slippery situations and rooting out the methods used.

SD Realtor

[SD Realtor]

arenter I would help you out but my mls access is only for Sandicor which serves San Diego county and some of the outlying parts of riverside county as well. Unfortunately I do not have access to Orange County MLS services so I cannot find out any information for ya.

SD Realtor

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