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Old 08-17-2011, 07:00 PM
 
20 posts, read 41,810 times
Reputation: 16

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We are moving to DFW in and are researching agents. Is the 2% rebate thing a scam at all? We are pretty low maintenance buyers we find all our own houses and then do 90+% of the research. I basically need an agent to get me in the houses and make sure I don't make a major mistake (like buying a house with a 2nd floor master apparently

Anyway, does anyone have any experience wth any other companies that offer similar programs ?

Last edited by SouthernBelleInUtah; 09-14-2013 at 03:15 PM..
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Old 08-17-2011, 08:00 PM
 
Location: McKinney, TX
25 posts, read 43,271 times
Reputation: 21
My experience is that you get what you pay for. If they are willing to give away that much of their money how are they going to treat yours in a negotiation. Jut my 2 cents.
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Old 08-17-2011, 08:20 PM
 
13,194 posts, read 28,289,720 times
Reputation: 13142
Quote:
Originally Posted by LoveDallas View Post
My experience is that you get what you pay for. If they are willing to give away that much of their money how are they going to treat yours in a negotiation. Jut my 2 cents.
I would agree. Even if you're a low maintenance buyer (as far as doing research on your own about neighborhoods & which listings interest you), there are A LOT of things that can go awry in a home purchase where a good experienced agent acting on your behalf is crucial.

Does the 2% agency specialize in the area where you want to buy or do they cover the entire metroplex? Do they know the ins & outs of the area? Know about hip pocket listings that may be perfect for you? Know which streets are more & less desirable due to traffic patterns, certain neighbors, proposed developments, school redistricting, etc?

If it's your 3rd or 4th home purchase in the same neighborhood, you could probably afford to cut a corner with a 2% agent. But in a new city, there is NO way I would risk making a mistake on a $200k, $300k, etc purchase to - presumably- get $8-12k off list price since the seller will pay 2% vs 6%.
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Old 08-18-2011, 07:05 AM
 
Location: DFW
621 posts, read 1,332,993 times
Reputation: 311
A lot of DFW realtors will work with you on fees. I know I have always gotten a break. Also, when I purchased a new home there was a realtor incentive of $12k and my realtor told them to apply that to me......She said her commission was enough....
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