Posted on 07/03/2022 4:28:13 AM PDT by where's_the_Outrage?
When I moved to the Pinetop-Lakeside area of Arizona, I used a real estate agent that was recommended. Long story short, the agent and the inspector were in cahoots.
I had a friend who is a contractor come up from the valley to do some upgrades. I found out there were serious wiring issues, along with black mold, and other items.
Approx. 50k later, the house is comfortable and secure.
Moral of the story: Have an independent contractor go through the house and pay him $250-300, first
Here is Michigan a lot of realty companies have associated mortgage and title companies, plus I believe kickbacks from inspectors, etc. When I used an agent to buy my last house ending hp having two different title companies (her’s and the sellers), added confusion IMHO.
So while the agent is supposed to be working for you, they are actually working for themselves and their company first.
I’m licensed in NV. Considering the history of Las Vegas, the ethical standards are pretty stringent here now. There’s a world of difference between The Strip and the people that actually live and work here. We have a surprisingly large Christian population and truth seekers. Most of the RE agents I’ve met are more like crusader’s for their clients against scams and dirty dealings. Two words to consider, alone or working with an agent-
Due Diligence!
God was our agent.
(1% to cold call broker, 0% for FSBO)
Bump
100% negotiable...and don't be cowed into signing a long term agency agreement either. Talk to more than one realtor and pick one that you feel confident will represent you well.
Remember, there are MANY more realtors than there are people who need their services.
In my Florida neighborhood, houses now rarely turn over. Everyone who wanted or needed to sell has sold.
It is hard for area homeowners to know what their house is worth.
In many metro areas, mainly those with good airline service, houses sell within two weeks. This creates buyer panic.
Nationwide the real estate market has more inventory, but a much higher percentage is of houses with problems, such as being outdated or unattractively modernized. I see the need for price cuts with these houses. Buyers are far less likely to overlook problems in a softening market.
In some areas the local real estate market I suspect is getting hung up, such as Long Island and California.
I live in Florida and really can’t move out of state because real estate taxes would eat up much of the Social Security I will hopefully get in the coming years.
LOL. I messed up his weekend because he could no longer complain about me! His job was finished on Friday. Now my paperwork starts!
He's now using the apartment as a carrot to get tenant clients. I believe he worked both sides.
He's been a nightmare. Glad it's over.
Have to find that golden realtor! The current agent I had was a 100% liar and bordering on abusive. The worst of the worst. The one before him was a chicken.
I will be needing a new agent next year. I plan to do a lot of research this year to find a better agent or I will do the work myself.
As a buyer, I was only really interested in homes that just came on the market. If they were listed for a month or more, I crossed them off the list, figuring something was off.
Realtors and lawyers are like snakes and whale crap but I’d rather deal with a lawyer.
The last three properties I’ve bought were using a lawyer and a title company and title insurance.
Last house I sold using a realtor and she probably earned her fee with an advertising push and marketing that got the house sold in a reasonable time in ‘16 before the insanity hit. Compared to then I’d now have made at least another 50% but that was then and this is now.
Today, I’d try self-marketing with a lawyer and title company as our place is probably worth close to $3 million (which I think is stupid money) and I have unsolicited offers several times a year. Not the bottom fishing brokers but real offers. It will be a cold day before I pay someone $180,000 to carry an offer. I am in no hurry to sell, have no place else at hand to go to and am patient. Someday it will be the kids problem.
“The seller re-negotiated with the RE agency on their commission”
Ahhh! The famous commissionectomy!!! Love it. Lol
it came down to “a little bit of something is better than a whole lot of nothing”. The seller was motivated. It had been on the market for over a year. He imagined himself a “flipper”. In a way, I guess he was. He was getting tired of keeping the place up to show. It was very neat with the majority of his stuff in storage. My position was I had just completed a house sale and had C A S H and needed a place to live. I’d say we both got lucky. He didn’t get as much as he wanted and I paid more than what I wanted and the RE took a reduced commission to make this happen. All a compromise.
If I sold my place, where would I go? There's no place affordable that I want. Anything I could afford would be a downgrade for no reason. I'm staying where I'm at until forced to or death.
There are certain jobs where I hire professionals. This is one of them.
“If you know real estate laws for your state you can save the commission”
We sold two houses in California without realtors. I put each house on the market myself to see what would happen. After a month or so I’d get a realtor but in both cases a buyer came along. We both (seller and buyer) hired a lawyer to assist with the transaction.
We sold a house where we are now and used a realtor. That worked out fine too. She was listing the house we bought.
In my area most everyone has a seller's agent and they work with the buyer's agent. Could you explain why you feel that is not good for the seller? Also in my area some seller's agents have dual agency. That could have problems too.
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