As a buyer, how can I leverage new Realtor commission rules for my benefit?

[Anonymous]

These fks always got way too much of a percentage for the actual work they did. I mean anyone with an internet connection and half a brain can find homes they like online and just call someone to show it to them.

How can I truly get the lowest realtor fee now when buying? I don’t even know what these new rules even do or how beneficial they are to homebuyers, but I’d like to discuss various ways to leverage them for our benefit.

[Anonymous]

Strongly consider retaining an attorney.

Negotiate with sellers; offer them the buyer broker compensation.

[Anonymous]

If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.

[Anonymous]

Anonymous wrote:If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.

+1 Just contact the listing agent. Tell them you're an unrepresented buyer and you want to see the property. Refuse to sign any agreement for them or anyone else to represent you.

[Anonymous]

Yes, push these agents to the limit. They have been happy with easy money on someone's else expenses for a long time. If you do have to pay, never agree with more than 1%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.

+1 Just contact the listing agent. Tell them you're an unrepresented buyer and you want to see the property. Refuse to sign any agreement for them or anyone else to represent you.

Wrote two contracts for unrepresented buyers on Tuesday and played them off each other. I even made one drop the VA financing even though the interest rate was better. After I squeezed them dry, the sellers did about $73,000 more than the best comp from June This is going to be a lot better for sellers because the buyers are easy to manipulate. I will take unrepresented buyers any day.

[Anonymous]

^^ Sure you did.

[Anonymous]

Anonymous wrote:These fks always got way too much of a percentage for the actual work they did. I mean anyone with an internet connection and half a brain can find homes they like online and just call someone to show it to them.

How can I truly get the lowest realtor fee now when buying? I don’t even know what these new rules even do or how beneficial they are to homebuyers, but I’d like to discuss various ways to leverage them for our benefit.

Good luck with that. The new rules are actually going to screw buyers.

[Anonymous]

Anonymous wrote:^^ Sure you did.

I believe the agent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.

+1 Just contact the listing agent. Tell them you're an unrepresented buyer and you want to see the property. Refuse to sign any agreement for them or anyone else to represent you.

Wrote two contracts for unrepresented buyers on Tuesday and played them off each other. I even made one drop the VA financing even though the interest rate was better. After I squeezed them dry, the sellers did about $73,000 more than the best comp from June This is going to be a lot better for sellers because the buyers are easy to manipulate. I will take unrepresented buyers any day.

Cool story.

I'll have 1 Big Mac, small order of fries, and a Coke.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.

+1 Just contact the listing agent. Tell them you're an unrepresented buyer and you want to see the property. Refuse to sign any agreement for them or anyone else to represent you.

Wrote two contracts for unrepresented buyers on Tuesday and played them off each other. I even made one drop the VA financing even though the interest rate was better. After I squeezed them dry, the sellers did about $73,000 more than the best comp from June This is going to be a lot better for sellers because the buyers are easy to manipulate. I will take unrepresented buyers any day.

You mean, because there were no buyers agents there to advise their clients to offer above asking, with escalation clauses, and to waive inspection and all other contingencies? That kind of expert advice?

[Anonymous]

Anonymous wrote:^^ Sure you did.

Check it on Zillow the week of September 23 and see the $73,000 delta between listing price and selling price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.

+1 Just contact the listing agent. Tell them you're an unrepresented buyer and you want to see the property. Refuse to sign any agreement for them or anyone else to represent you.

Wrote two contracts for unrepresented buyers on Tuesday and played them off each other. I even made one drop the VA financing even though the interest rate was better. After I squeezed them dry, the sellers did about $73,000 more than the best comp from June This is going to be a lot better for sellers because the buyers are easy to manipulate. I will take unrepresented buyers any day.

Funny, usually it's the buyers agent pushing to include escalation clauses or keep bidding when there are multiple buyers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:^^ Sure you did.

Check it on Zillow the week of September 23 and see the $73,000 delta between listing price and selling price.

are you saying nothing goes over list with buyers agents?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.

+1 Just contact the listing agent. Tell them you're an unrepresented buyer and you want to see the property. Refuse to sign any agreement for them or anyone else to represent you.

Wrote two contracts for unrepresented buyers on Tuesday and played them off each other. I even made one drop the VA financing even though the interest rate was better. After I squeezed them dry, the sellers did about $73,000 more than the best comp from June This is going to be a lot better for sellers because the buyers are easy to manipulate. I will take unrepresented buyers any day.

You mean, because there were no buyers agents there to advise their clients to offer above asking, with escalation clauses, and to waive inspection and all other contingencies? That kind of expert advice?

They were unrepresented and I gave them no advice. For their offer to be considered they had to waive all contingencies. That's why one buyer had to change from VA to conventional financing because he could not waive the appraisal contingency. No escalation clauses. I did several rounds of best and final offers until both reached top of the loan for which they qualified.