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

[Anonymous]

Anonymous wrote:

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?

Not at all. I do very well with buyer agents because they are easier to manipulate than buyers.

[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.

Cool story.

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

Doesn't McDonalds give that to you as part of working the drive through?

[Anonymous]

Anonymous wrote:

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.

Cool story.

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

Doesn't McDonalds give that to you as part of working the drive through?

You tell us.

[Anonymous]

If you sign a buyers contract, don't set the terms for 60 or 90 days. Do two week intervals. You may not like your realtor so you can exit the contract. Also, don't agree to a percentage of the homes selling price, rather do a flat fee.

[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.

This has got to be a troll - no way they just doxxed themselves??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Cool story.

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

Doesn't McDonalds give that to you as part of working the drive through?

You tell us.

No way of knowing but the Financial Times had a recent report on meals provided to fast food employees. Maybe check that.

[Anonymous]

Anonymous wrote:

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.

This has got to be a troll - no way they just doxxed themselves??

Everyone knows who I am in the area. Will just get more business. Not doxxing but free advertising.

You take the C out of DCUM.

[Anonymous]

Anonymous wrote:

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.

This has got to be a troll - no way they just doxxed themselves??

Definitely a troll.

If the numbers align, the more likely case is they someone else's transaction will be doxxed . You can get non-public information about a sale, represent it as your own, and make up an unverifiable story that supports your repeated rantings about unrepresented buyers.

I do hope troll made this up. If any sale meets this criteria, that seller will be associated with troll.

[Anonymous]

Anonymous wrote:

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.

This has got to be a troll - no way they just doxxed themselves??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

This has got to be a troll - no way they just doxxed themselves??

Definitely a troll.

If the numbers align, the more likely case is they someone else's transaction will be doxxed . You can get non-public information about a sale, represent it as your own, and make up an unverifiable story that supports your repeated rantings about unrepresented buyers.

I do hope troll made this up. If any sale meets this criteria, that seller will be associated with troll.

I will let the sellers know that the real estate mavens on a mommy blog said that they are associated with a troll. Any advice on the 1031 exchange? They have a number of days left to identify a property.

[Anonymous]

do you have any idea how stupid your post is? You start out ranting about how anybody with half a brain can do it by themselves. So… do it by yourself.

in fact, I clicked on this post because I really liked the title and I was really interested to see how smart people here actually can think of ways to leverage these new rules to benefit the buyer, because I certainly have not found any. But it’s just two pages of trolling right now.

[Anonymous]

Anonymous wrote:

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.

Right, the point is the buyers would get fleeced either way. At least your seller wasn’t also paying for a parasitic buyer’s agent to be cut in on the deal.

[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.

This. Unrepresented buyers (I don't care how smart they think they are, or if they have a real estate attorney who can read a contract) are at a huge disadvantage. Period. I am a listing agent primarily, and I can tell you an unrepresented buyer, is rarely getting a better deal than if you had representation and often is not winning the contract if you are in a multiple-offer situation, No matter what all these anonymous posters say. I have seen it time and time again. I have seen highly skilled and hard working buyers agents literally make the difference in getting clients into a home. I'm sure there will be people on here who SWEAR otherwise or say I am biased, but I live this everyday and know how transactions play out. I can tell you going unrepresented without a *skilled realtor* (not just anyone) puts you at a disadvantage in many ways. If you think buying a home is like buying a car, you are wrong.

[Anonymous]

Anonymous wrote:

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.

DP. How would you know how much they qualified for? When we bought both times the finance guy just wrote the pre approval letters to say whatever the offer we were making said not the max amount. I think doing that is pretty standard.

[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.

This. Unrepresented buyers (I don't care how smart they think they are, or if they have a real estate attorney who can read a contract) are at a huge disadvantage. Period. I am a listing agent primarily, and I can tell you an unrepresented buyer, is rarely getting a better deal than if you had representation and often is not winning the contract if you are in a multiple-offer situation, No matter what all these anonymous posters say. I have seen it time and time again. I have seen highly skilled and hard working buyers agents literally make the difference in getting clients into a home. I'm sure there will be people on here who SWEAR otherwise or say I am biased, but I live this everyday and know how transactions play out. I can tell you going unrepresented without a *skilled realtor* (not just anyone) puts you at a disadvantage in many ways. If you think buying a home is like buying a car, you are wrong.

That's because buyers' agents pressure buyers to bid above what the comps support. Once the buyers' agents are removed from the picture, buyers act rationally and don't overpay. So yeah, if you want to pay 2.5% for the privilege of having someone tell you to overpay and put in a crazy escalation clause, by all means go for it.