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The open house was shown by the owner's agent. If I don't have an agent then the owner have a advantage because no one is working on my side.
08-22-2010, 09:42 PM
grant516
n/a posts
Represent yourself w/ a lawyer taking care of the paperwork. You can cut back 1.5% of the sale price which would be represented as commission for the buyers agent.
Represent yourself w/ a lawyer taking care of the paperwork. You can cut back 1.5% of the sale price which would be represented as commission for the buyers agent.
Would you care to explain that in more detail, please?
We went to an open house and saw a house we like. We currently don't have an agent, do I need a realtor to pursue the house?
If you plan on saving on the commission - you won't. You can work with the listing agent of course, but you'd still "have an agent"; only in this case, the (seller's) agent is most definitely working for the seller, not you.
Especially if you are a first time homebuyer, IMHO "going it alone" is not a good idea.
Represent yourself w/ a lawyer taking care of the paperwork. You can cut back 1.5% of the sale price which would be represented as commission for the buyers agent.
ahem - "seller's concession"... easy now with that "cut back" talk. It matters how it's phrased.
Quote:
Originally Posted by Elke Mariotti
If you plan on saving on the commission - you won't. You can work with the listing agent of course, but you'd still "have an agent"; only in this case, the (seller's) agent is most definitely working for the seller, not you.
Especially if you are a first time homebuyer, IMHO "going it alone" is not a good idea.
How are you going it "alone" when you have a RE attorney?
Most buyers do not have a buyer's agent and only need a lawyer after their bid is accepted by the seller through his, the seller's, agent.
Actually, Walter, I've noticed that more and more buyers are using Buyer Agents - they've come to realize the value of having someone working/negotiating on their behalf instead of the seller's.
And the attorney deals only with contract related matters. They don't arrange for inspections, follow-up, are present for appraisals, etc., etc. Those that will agree to it, charge an hourly fee...
Actually, Walter, I've noticed that more and more buyers are using Buyer Agents ...
Elke, what's your best guess as to what percentage of all buyers are now using a buyer's agent?
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