what else could I do with 30k?

[Anonymous]

Yes OP there are agents that review contracts. But mainly you could get all that with a real estate attorney and a title service.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Advertise it on Cragislist, Military By Owner, neighborhood listservs, Zillow and Trulia. You will be able to sell it quickly with no listing commission. Also, tell any buyers who want to use an agent that they can pay the agent directly. This is all extremely easy and maybe an hour to load the listings and photos on the sites. You don't even need a lawyer involved. Tell the buyer to bring the contract as well. All you have to do is sign the contract and find out where settlement is located. The buyer selects the settlement lawyer, so just show it. Enjoy your vacation with the money and effort you will save.

I'm not the OP but would feel very uncomfortable signing something like this with no professional review by someone who knows what they are doing.

OP here - I"m fairly confident in my ability to carefully read through a contract. I've bought and sold a few times before so I think I have a good idea what to look for. If I didn't feel comfortable after reading it though, I would seek the advice from an attorney.

Pennywise pound foolish.

Are there agents out there that would review a contract for someone and help with this part of the transaction only? For some type of flat fee?

Furthermore, I've always thought there should be some sort of tiered service level agreement that you can sign up for with an agent. Do you want the basics (contract help only), average (listing, marketing, etc), or the works (they take care of anything and everything) as far as help goes, each with a different fee or perhaps commission. If something comes up mid transaction when all you wanted is the basic, then you would have to upgrade your service to the next level to get that help.

I'm sure you could find someone, but as an agent, I personally wouldn't do this. It's always, and I mean ALWAYS the people who think they "don't need much help" or are "low maintenance" who are the most work.

Your tiered system isn't a bad idea though. But people would get mad if they had to upgrade mid-transaction. Trust me, it turns into "You're already making X dollars, can't you just answer me this question?????"

[Anonymous]

Anonymous wrote:Advertise it on Cragislist, Military By Owner, neighborhood listservs, Zillow and Trulia. You will be able to sell it quickly with no listing commission. Also, tell any buyers who want to use an agent that they can pay the agent directly. This is all extremely easy and maybe an hour to load the listings and photos on the sites. You don't even need a lawyer involved. Tell the buyer to bring the contract as well. All you have to do is sign the contract and find out where settlement is located. The buyer selects the settlement lawyer, so just show it. Enjoy your vacation with the money and effort you will save.

Real good way to shrink your target market!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Advertise it on Cragislist, Military By Owner, neighborhood listservs, Zillow and Trulia. You will be able to sell it quickly with no listing commission. Also, tell any buyers who want to use an agent that they can pay the agent directly. This is all extremely easy and maybe an hour to load the listings and photos on the sites. You don't even need a lawyer involved. Tell the buyer to bring the contract as well. All you have to do is sign the contract and find out where settlement is located. The buyer selects the settlement lawyer, so just show it. Enjoy your vacation with the money and effort you will save.

I'm not the OP but would feel very uncomfortable signing something like this with no professional review by someone who knows what they are doing.

PP I wrote the post but I guess you didn't catch the sarcasm. I am a realtor who lives for FSBOs. By the time you get there to rescue them from themselves, they will take any amount of money and do anything you want for the buyers. New roof - sure. Replace the hot water heater - sure. Please just don't make me get my kids out of the house one more time....

[Anonymous]

Anonymous wrote:Yes OP there are agents that review contracts. But mainly you could get all that with a real estate attorney and a title service.

There are agents who will review a contract and then there are are agents who will review a contract and actually know what they are doing. Chances are you will get the former rather than the latter with your -- business plan?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Advertise it on Cragislist, Military By Owner, neighborhood listservs, Zillow and Trulia. You will be able to sell it quickly with no listing commission. Also, tell any buyers who want to use an agent that they can pay the agent directly. This is all extremely easy and maybe an hour to load the listings and photos on the sites. You don't even need a lawyer involved. Tell the buyer to bring the contract as well. All you have to do is sign the contract and find out where settlement is located. The buyer selects the settlement lawyer, so just show it. Enjoy your vacation with the money and effort you will save.

I'm not the OP but would feel very uncomfortable signing something like this with no professional review by someone who knows what they are doing.

PP I wrote the post but I guess you didn't catch the sarcasm. I am a realtor who lives for FSBOs. By the time you get there to rescue them from themselves, they will take any amount of money and do anything you want for the buyers. New roof - sure. Replace the hot water heater - sure. Please just don't make me get my kids out of the house one more time....

+1, from another agent. LOL. FSBO's are hilarious for the exact reasons you state.

[Anonymous]

We bought our house from the owner. We asked around the neighborhood, found a seller whose house we liked, got it appraised, and came to an agreement. (I think we found a boilerplate contract online). The settlement company helped us for the closing. It was not difficult. I would do it again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Advertise it on Cragislist, Military By Owner, neighborhood listservs, Zillow and Trulia. You will be able to sell it quickly with no listing commission. Also, tell any buyers who want to use an agent that they can pay the agent directly. This is all extremely easy and maybe an hour to load the listings and photos on the sites. You don't even need a lawyer involved. Tell the buyer to bring the contract as well. All you have to do is sign the contract and find out where settlement is located. The buyer selects the settlement lawyer, so just show it. Enjoy your vacation with the money and effort you will save.

I'm not the OP but would feel very uncomfortable signing something like this with no professional review by someone who knows what they are doing.

OP here - I"m fairly confident in my ability to carefully read through a contract. I've bought and sold a few times before so I think I have a good idea what to look for. If I didn't feel comfortable after reading it though, I would seek the advice from an attorney.

Pennywise pound foolish.

Are there agents out there that would review a contract for someone and help with this part of the transaction only? For some type of flat fee?

Furthermore, I've always thought there should be some sort of tiered service level agreement that you can sign up for with an agent. Do you want the basics (contract help only), average (listing, marketing, etc), or the works (they take care of anything and everything) as far as help goes, each with a different fee or perhaps commission. If something comes up mid transaction when all you wanted is the basic, then you would have to upgrade your service to the next level to get that help.

I'm sure you could find someone, but as an agent, I personally wouldn't do this. It's always, and I mean ALWAYS the people who think they "don't need much help" or are "low maintenance" who are the most work.

Your tiered system isn't a bad idea though. But people would get mad if they had to upgrade mid-transaction. Trust me, it turns into "You're already making X dollars, can't you just answer me this question?????"

I would never trust someone that uses ALWAYS that definitively...just sayin...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Advertise it on Cragislist, Military By Owner, neighborhood listservs, Zillow and Trulia. You will be able to sell it quickly with no listing commission. Also, tell any buyers who want to use an agent that they can pay the agent directly. This is all extremely easy and maybe an hour to load the listings and photos on the sites. You don't even need a lawyer involved. Tell the buyer to bring the contract as well. All you have to do is sign the contract and find out where settlement is located. The buyer selects the settlement lawyer, so just show it. Enjoy your vacation with the money and effort you will save.

I'm not the OP but would feel very uncomfortable signing something like this with no professional review by someone who knows what they are doing.

PP I wrote the post but I guess you didn't catch the sarcasm. I am a realtor who lives for FSBOs. By the time you get there to rescue them from themselves, they will take any amount of money and do anything you want for the buyers. New roof - sure. Replace the hot water heater - sure. Please just don't make me get my kids out of the house one more time....

+1, from another agent. LOL. FSBO's are hilarious for the exact reasons you state.

So do all agents truly believe that there is no possible way for someone outside of their profession to sell a house? I mean I have job in corporate america also, but I am sure other intelligent people could do an adequate job as well with a little research and some common sense...

[Anonymous]

Redfin agent?

[Anonymous]

Anonymous wrote:So do all agents truly believe that there is no possible way for someone outside of their profession to sell a house? I mean I have job in corporate america also, but I am sure other intelligent people could do an adequate job as well with a little research and some common sense...

So do it. I'm telling you as an agent what I see, and how many deals people screw up when they do it on their own. Can I write software code? Sure, everything is available on google to tell me how. But considering I don't do it every day for a living, I wouldn't be that good at it. Same rule applies in other industries. People think they can sell real estate, fine, go do it. But I'm telling you from years of experience, people I know who have decided to sell or buy on their own either end up paying more, letting their property go for less, not realizing they screwed up and put their deposit at risk, didn't adequately cover themselves on contingencies, waived things they shouldn't have, ended up with a property that's a money pit.

Right now, friends of a client of mine are beside themselves for several major repairs in their "new" home. When my client ran it all by me for my opinion, I said, "the law doesn't protect stupid people from buying or selling real estate." And it's not that people are stupid, they just don't know what's usual and customary in this market. They thought they would get a few bucks back on commission to do it on their own. Nice job kids but you really screwed up. Saved yourself a few thousand, but spent it times 5 in repairs that could have been avoided if you adequately prepared for the purchase. But please, I'm not trying to sell you on an agent. Truth be told, what I said above stands. The people who try to negotiate to get some of my commission or who think they want to do it on their own because they are low maintenance are clients I don't want because they're the most work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So do all agents truly believe that there is no possible way for someone outside of their profession to sell a house? I mean I have job in corporate america also, but I am sure other intelligent people could do an adequate job as well with a little research and some common sense...

So do it. I'm telling you as an agent what I see, and how many deals people screw up when they do it on their own. Can I write software code? Sure, everything is available on google to tell me how. But considering I don't do it every day for a living, I wouldn't be that good at it. Same rule applies in other industries. People think they can sell real estate, fine, go do it. But I'm telling you from years of experience, people I know who have decided to sell or buy on their own either end up paying more, letting their property go for less, not realizing they screwed up and put their deposit at risk, didn't adequately cover themselves on contingencies, waived things they shouldn't have, ended up with a property that's a money pit.

Right now, friends of a client of mine are beside themselves for several major repairs in their "new" home. When my client ran it all by me for my opinion, I said, "the law doesn't protect stupid people from buying or selling real estate." And it's not that people are stupid, they just don't know what's usual and customary in this market. They thought they would get a few bucks back on commission to do it on their own. Nice job kids but you really screwed up. Saved yourself a few thousand, but spent it times 5 in repairs that could have been avoided if you adequately prepared for the purchase. But please, I'm not trying to sell you on an agent. Truth be told, what I said above stands. The people who try to negotiate to get some of my commission or who think they want to do it on their own because they are low maintenance are clients I don't want because they're the[code] most work.

What utter bs. These "realtors" think what they do is rocket science. Puh-lease.

I hope they disappear as a profession or move to a more reasonable flat-fee system.

Such highway robbery for the "work" they do.