Personal Experiences With Low Fee Agent?

[Anonymous]

I am thinking about using a non-traditional realtor to sell my house and buy another house? Has anyone used a low fee agent for buying or selling. Please tell me what your experience was like. I don't want to do FSBO but I am potentially open to buying another property without an agent. However, there are some low fee buyers agents now that do 1% of purchase price and at that point, I'm not sure if its worth the hassle to try to buy without an agent to maybe save $10,000. What are your thoughts on this situation?

[Anonymous]

I sold my last house recently using an agent who charged 1.5%. We didn’t have a great experience, and if I had to do it again, I’d go with a different agent (likely one charging 2.5%). The agent representing us as buyers is charging 2.5%, and we’re very happy. I wouldn’t do FSBO, though, so consider that when viewing my perspective.

[Anonymous]

Anonymous wrote:I sold my last house recently using an agent who charged 1.5%. We didn’t have a great experience, and if I had to do it again, I’d go with a different agent (likely one charging 2.5%). The agent representing us as buyers is charging 2.5%, and we’re very happy.

No detail, other than precise commission percentages?

I wouldn’t do FSBO, though, so consider that when viewing my perspective.

Can you offer us a perspective to view?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I sold my last house recently using an agent who charged 1.5%. We didn’t have a great experience, and if I had to do it again, I’d go with a different agent (likely one charging 2.5%). The agent representing us as buyers is charging 2.5%, and we’re very happy.

No detail, other than precise commission percentages?

I wouldn’t do FSBO, though, so consider that when viewing my perspective.

Can you offer us a perspective to view?

It would help if OP indicated what specific feedback they’re looking for.

[Anonymous]

We bought a house with no agent at all, but it was fsbo and they hadn't shown the house to anyone else yet and they weren't using an agent either and we were all lawyers.

[Anonymous]

Anonymous wrote:We bought a house with no agent at all, but it was fsbo and they hadn't shown the house to anyone else yet and they weren't using an agent either and we were all lawyers.

Cool story.

[Anonymous]

Anonymous wrote:I sold my last house recently using an agent who charged 1.5%. We didn’t have a great experience, and if I had to do it again, I’d go with a different agent (likely one charging 2.5%). The agent representing us as buyers is charging 2.5%, and we’re very happy. I wouldn’t do FSBO, though, so consider that when viewing my perspective.

actually my experience was opposite of it. Cheaper agent understood the market and love clients that know about the area. The more expensive agents try to show that they know a lot but are more than half of them are idiots and not worth 2.5%. Shop around and go with the cheaper one.

[Anonymous]

No need to get an agent any longer. They can't stop you in seeing the house. Use no agent and get reduced price for not using an agent. we specifically put it down in our contract and seller decided to make it cheaper and adjusted her agents' commission.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We bought a house with no agent at all, but it was fsbo and they hadn't shown the house to anyone else yet and they weren't using an agent either and we were all lawyers.

Cool story.

No need to act like a jerk. You just feel the desperate need to type away?

That post was relevant; the DMV is full of little but lawyers and if OP is one or their spouse is or something, going with with a less hands-on agent could make more sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We bought a house with no agent at all, but it was fsbo and they hadn't shown the house to anyone else yet and they weren't using an agent either and we were all lawyers.

Cool story.

No need to act like a jerk. You just feel the desperate need to type away?

That post was relevant; the DMV is full of little but lawyers and if OP is one or their spouse is or something, going with with a less hands-on agent could make more sense.

This and relators don't bring any expertise of any sort to charge such a high fee. They just push papers and do illegal things to get deals.

[Anonymous]

We used an hourly rate agent to buy. It made sense for us--buying a more expensive home, and the realtor was compensated according to their hours they worked.

[Anonymous]

We recently sold using a flat fee realtor. This particular one also does regular listings and was really insightful andhelpful. Just search for flat fee agents and read reviews. You will do some of the work but it's not hard, just takes some time but you are doing work on your house to sell it anyway, with or without an agent. We saved over $30k. I will never use an agent again.

[Anonymous]

there are tons of ways to save with useless relators:

1. low flat fee of max 2% for both sides
2. Per hour rate which is very good for saving most of your $s
3. Don't offer commission for buyer's agent if you are a seller. Let them work it with their agent or ask for it.

[Anonymous]

We did buy a while back. I have no way to compare with some one else but our experience was good.

Just make sure that agent has done 8-10 transactions in recent years and you are not getting someone who is just starting to avoid not able to do simple steps.

Steps are actually simple. If you have bought or sold ion past then you know steps.

[Anonymous]

Anyway, 3.5% total is high but not too high compared to past. Yes, some older folks gets taken for a ride and agents end up charging 5% total.