[UCGal]

As mentioned previously – I purchased without an agent… but it was a family sale. My goal was not to get “the best deal” since that would have meant ripping off my father. My goal was to get a fair market price. My father and I both did research to determine the price. We both looked at various online listing services. We knew what homes in the area had sold at. We both reached, independently, the exact same valuation. Additionally, my dad had gotten some suggested listing prices from the agent that sold him the townhouse he downsized to. (She was hoping for the listing and offered it for him when she was working with him on that transaction.) Her figure was about 30k higher than we paid – but we all know asking price is not the same as sold price. And my dad would have had to pay commission.

We did NOT need an agent to get the deal closed. We hired a title/escrow service to handle the transaction. I used a mortgage broker recommended by my sister.

Dan/UR – if you really want to check this to see if a realtor would have added value – I can pm you the address. But in my case, I honestly don’t believe it would have made sense for realtors to be involved.

[UCGal]

As mentioned previously – I purchased without an agent… but it was a family sale. My goal was not to get “the best deal” since that would have meant ripping off my father. My goal was to get a fair market price. My father and I both did research to determine the price. We both looked at various online listing services. We knew what homes in the area had sold at. We both reached, independently, the exact same valuation. Additionally, my dad had gotten some suggested listing prices from the agent that sold him the townhouse he downsized to. (She was hoping for the listing and offered it for him when she was working with him on that transaction.) Her figure was about 30k higher than we paid – but we all know asking price is not the same as sold price. And my dad would have had to pay commission.

We did NOT need an agent to get the deal closed. We hired a title/escrow service to handle the transaction. I used a mortgage broker recommended by my sister.

Dan/UR – if you really want to check this to see if a realtor would have added value – I can pm you the address. But in my case, I honestly don’t believe it would have made sense for realtors to be involved.

[UCGal]

As mentioned previously – I purchased without an agent… but it was a family sale. My goal was not to get “the best deal” since that would have meant ripping off my father. My goal was to get a fair market price. My father and I both did research to determine the price. We both looked at various online listing services. We knew what homes in the area had sold at. We both reached, independently, the exact same valuation. Additionally, my dad had gotten some suggested listing prices from the agent that sold him the townhouse he downsized to. (She was hoping for the listing and offered it for him when she was working with him on that transaction.) Her figure was about 30k higher than we paid – but we all know asking price is not the same as sold price. And my dad would have had to pay commission.

We did NOT need an agent to get the deal closed. We hired a title/escrow service to handle the transaction. I used a mortgage broker recommended by my sister.

Dan/UR – if you really want to check this to see if a realtor would have added value – I can pm you the address. But in my case, I honestly don’t believe it would have made sense for realtors to be involved.

[UCGal]

We all know that FSBO’s who think El Cajon is 92037 are wrong. After all – we’ve had it explained to us that SANTEE is the same as 92037.

Sheesh.

[UCGal]

We all know that FSBO’s who think El Cajon is 92037 are wrong. After all – we’ve had it explained to us that SANTEE is the same as 92037.

Sheesh.

[UCGal]

We all know that FSBO’s who think El Cajon is 92037 are wrong. After all – we’ve had it explained to us that SANTEE is the same as 92037.

Sheesh.

[UCGal]

We all know that FSBO’s who think El Cajon is 92037 are wrong. After all – we’ve had it explained to us that SANTEE is the same as 92037.

Sheesh.

[UCGal]

We all know that FSBO’s who think El Cajon is 92037 are wrong. After all – we’ve had it explained to us that SANTEE is the same as 92037.

Sheesh.

[UCGal]

[quote=DataAgent]> What could the OP have done differently?

Glad you asked… one lesson he learned is in real estate everything needs to be in writing. His $5000 counteroffer was done verbally. His counteroffer was not legally binding and there’s no proof he even made the counteroffer. The realtor could easily say “Counteroffer? I never saw a counteroffer.”[/quote]
Good point. Get everything in writing.

[UCGal]

[quote=DataAgent]> What could the OP have done differently?

Glad you asked… one lesson he learned is in real estate everything needs to be in writing. His $5000 counteroffer was done verbally. His counteroffer was not legally binding and there’s no proof he even made the counteroffer. The realtor could easily say “Counteroffer? I never saw a counteroffer.”[/quote]
Good point. Get everything in writing.

[UCGal]

[quote=DataAgent]> What could the OP have done differently?

Glad you asked… one lesson he learned is in real estate everything needs to be in writing. His $5000 counteroffer was done verbally. His counteroffer was not legally binding and there’s no proof he even made the counteroffer. The realtor could easily say “Counteroffer? I never saw a counteroffer.”[/quote]
Good point. Get everything in writing.

[UCGal]

[quote=DataAgent]> What could the OP have done differently?

Glad you asked… one lesson he learned is in real estate everything needs to be in writing. His $5000 counteroffer was done verbally. His counteroffer was not legally binding and there’s no proof he even made the counteroffer. The realtor could easily say “Counteroffer? I never saw a counteroffer.”[/quote]
Good point. Get everything in writing.

[UCGal]

[quote=DataAgent]> What could the OP have done differently?

Glad you asked… one lesson he learned is in real estate everything needs to be in writing. His $5000 counteroffer was done verbally. His counteroffer was not legally binding and there’s no proof he even made the counteroffer. The realtor could easily say “Counteroffer? I never saw a counteroffer.”[/quote]
Good point. Get everything in writing.

[UCGal]

[quote=kcal09]Just learn from this, take the loss and move on. It’s not worth your time and aggravation. You paid $5k in tuition.[/quote]
What could the OP have done differently? How could he avoid this in the future? He was not told it was a sale to his agents family member for a flip. The agent was less than forthcoming.

I agree with SDR and CAR that it needs to be pursued. I suggested through the relo company because they were injured more than the OP. But I don’t think dropping it and saying “lesson learned” is a good idea.

The licensing agencies can only protect consumers if bad acts are reported. Dropping it is leaving this agent out there with no blemishes, to rip off the next sucker.

[UCGal]

[quote=kcal09]Just learn from this, take the loss and move on. It’s not worth your time and aggravation. You paid $5k in tuition.[/quote]
What could the OP have done differently? How could he avoid this in the future? He was not told it was a sale to his agents family member for a flip. The agent was less than forthcoming.

I agree with SDR and CAR that it needs to be pursued. I suggested through the relo company because they were injured more than the OP. But I don’t think dropping it and saying “lesson learned” is a good idea.

The licensing agencies can only protect consumers if bad acts are reported. Dropping it is leaving this agent out there with no blemishes, to rip off the next sucker.

[Author]

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