Tired buyer's agent

[Anonymous]

Anonymous wrote:Most agents probably have degrees.

Can't really compare real estate agents with nurses and teachers. Nurses and teachers are employees and real estate agents are more like small business owners.

You're using the same argument that MLM hawkers use: Give me your money for something that you don't value and I have to trick you into paying for or else you don't support woman owned businesses!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most agents probably have degrees.

Can't really compare real estate agents with nurses and teachers. Nurses and teachers are employees and real estate agents are more like small business owners.

You're using the same argument that MLM hawkers use: Give me your money for something that you don't value and I have to trick you into paying for or else you don't support woman owned businesses!

So only women are real estate agents? What misandry.

[Anonymous]

problem is that agents don't use the degree they went to college for but nurses and teachers do. Plus, no-one has lost more trust of people than agents, probably politicians.

[Anonymous]

I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

[Anonymous]

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

How do you tour the house without a buyer's agent? Just call the listing agent and set up an appointment with them?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

How do you tour the house without a buyer's agent? Just call the listing agent and set up an appointment with them?

Different poster here. Yes, that's what I did.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

Who helped you fill out the forms? Did you use a lawyer?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

Who helped you fill out the forms? Did you use a lawyer?

DP here, I also bought without an agent. The standard form has a few blanks for amounts and dates, and check boxes for things like contingencies. You should be able to complete it yourself if you have good real estate knowledge, and probably Google one or two terms to confirm.

Personally didn't use a lawyer, but I could see some buyers using one- probably wouldn't be more than 5 hours of billing unless there was something unusual about the deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

How do you tour the house without a buyer's agent? Just call the listing agent and set up an appointment with them?

Different poster here. Yes, that's what I did.

DP. I bought mine after going to an open house. I got the fill-in-the-blank contract from the seller's agent. I generally hates salespeople who work on commission because I don't trust their motives, so it was nice not to have someone rushing me to buy or to pay more than I wanted.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

Who helped you fill out the forms? Did you use a lawyer?

DP here, I also bought without an agent. The standard form has a few blanks for amounts and dates, and check boxes for things like contingencies. You should be able to complete it yourself if you have good real estate knowledge, and probably Google one or two terms to confirm.

Personally didn't use a lawyer, but I could see some buyers using one- probably wouldn't be more than 5 hours of billing unless there was something unusual about the deal.

+1 Different DP here who bought a home without an buyer side realtor. The seller's realtor usually offers to pre-populate the offer for us to sign via Docusign. We've also done it ourselves. It's really simple. How much down payment do you want to make, do you want an inspection and how many days to do it, what closing date do you want etc.

We've never used a lawyer. The title company lawyer ensures everything is processed legally. Buyer side realtors don't provide you with legal protections anyway.

There's nothing magical going on behind the curtain despite what some realtors want you to believe.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I was not in a contract to buy a property with my RE agent but the demand for money just keeps on going up. We decided to put an offer on a property that we really like. We verbally spoke before about the fees and commissions and she agreed that there won't be any additional charges. When I saw her contract, there were about $2700 worth of additional fees on top of she getting her commission of 2%(for $1.3M property). She disclosed that additional charges are for documentation, administrative and travel fees to the closing office, etc. I asked her to take it off and she refused so I decided to not use her and found someone who gives some credit back from his commission. I don't understand why these agents need to start charging additional fees when commission is already healthy?

Good for you! I'm doing the same. Turned down two agents who refused to budge on 2% fee. Interviewed 3 others, one offered 1%, one offered hourly rate, and still waiting to hear from the last one. Not sure if this was a coincidence but the two who insisted on 2% were older (60+), the kind of realtors who don't really need the money or worry about building a career, just coasting on established reputation/monopoly in a certain neighborhood. Most younger, mid-profession realtors will negotiate if they dont want to be competed out.

CHANGE IS COMING. THANK GOD!!!

Smart agents will charge the hourly fee without having it contingent on closing. So, if they're charging $200 an hour and they spend 10 hours with them, you will owe them $2,000 whether or not you ever put an offer on a property. That's where I see this settling: Hourly billing like a lawyer, likely with a retainer collected up front.

This will also reduce the casual shopping.

Keep in mind a lot of them will collect that hourly fee from companies relocating employees, etc.

Why would I pay a realtor by the hour to show me a house? I can call the seller's agent to open the door for me. I'll then pay a lawyer to draft the offer and review the contract.

Honestly opening doors sounds like something the nearest Uber driver could eventually handle for $10/house and yes people could pay an agent or attorney to write an offer contract

While we are at it, why not have the uber driver bring an unhoused person/s to live in the house while its for sale? Seller gets to house someone in need and the unhoused does the showings. Win-win for everyone!

If you want that at your house sure 😁. Don’t see the incentive for a multinational corporation who has taken on a for profit liability to show houses, house someone for free. They don’t have unhoused sleeping in their cars. Of course they will have a vetting process duh.

Anyway I like the assets behind Uber far better than some rando showing agent in the event someone does let that happen.

redfin is already doing that. If you request a showing then they might send a random registered agent to open the doors for you for $150/visit. Why can't we expand on that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I was not in a contract to buy a property with my RE agent but the demand for money just keeps on going up. We decided to put an offer on a property that we really like. We verbally spoke before about the fees and commissions and she agreed that there won't be any additional charges. When I saw her contract, there were about $2700 worth of additional fees on top of she getting her commission of 2%(for $1.3M property). She disclosed that additional charges are for documentation, administrative and travel fees to the closing office, etc. I asked her to take it off and she refused so I decided to not use her and found someone who gives some credit back from his commission. I don't understand why these agents need to start charging additional fees when commission is already healthy?

Good for you! I'm doing the same. Turned down two agents who refused to budge on 2% fee. Interviewed 3 others, one offered 1%, one offered hourly rate, and still waiting to hear from the last one. Not sure if this was a coincidence but the two who insisted on 2% were older (60+), the kind of realtors who don't really need the money or worry about building a career, just coasting on established reputation/monopoly in a certain neighborhood. Most younger, mid-profession realtors will negotiate if they dont want to be competed out.

CHANGE IS COMING. THANK GOD!!!

Smart agents will charge the hourly fee without having it contingent on closing. So, if they're charging $200 an hour and they spend 10 hours with them, you will owe them $2,000 whether or not you ever put an offer on a property. That's where I see this settling: Hourly billing like a lawyer, likely with a retainer collected up front.

This will also reduce the casual shopping.

Keep in mind a lot of them will collect that hourly fee from companies relocating employees, etc.

Why would I pay a realtor by the hour to show me a house? I can call the seller's agent to open the door for me. I'll then pay a lawyer to draft the offer and review the contract.

Honestly opening doors sounds like something the nearest Uber driver could eventually handle for $10/house and yes people could pay an agent or attorney to write an offer contract

While we are at it, why not have the uber driver bring an unhoused person/s to live in the house while its for sale? Seller gets to house someone in need and the unhoused does the showings. Win-win for everyone!

If you want that at your house sure 😁. Don’t see the incentive for a multinational corporation who has taken on a for profit liability to show houses, house someone for free. They don’t have unhoused sleeping in their cars. Of course they will have a vetting process duh.

Anyway I like the assets behind Uber far better than some rando showing agent in the event someone does let that happen.

redfin is already doing that. If you request a showing then they might send a random registered agent to open the doors for you for $150/visit. Why can't we expand on that.

Is there a way buyers-seller could go back to their agents and claw back some of the 4s from previous sales? The recent settlement should open the doors for that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t see a need for a buyers agent if you know how to read and comprehend. I can’t believe the industry had us boxed in for so long. I would just see if the listing agent can do some of the work (which mostly has been done) for a few hundred dollars. You too can call a settlement company who is really the core of it all to inquire or hire.

I bought without a buyer's agent recently, and it was so easy. The listing agent was happy to make sure that paperwork moved forward, and then settlement company made sure that everything moved forward. Otherwise, we did the negotiation on our own, and for 99% of home purchases, esp. in a seller's market, the standard form contracts will apply (whether you like it or not). There was a time when a buyer's agent might help you actually FIND the listing. Now, Zillow, Redfin, etc. are fine.

Who helped you fill out the forms? Did you use a lawyer?

DP here, I also bought without an agent. The standard form has a few blanks for amounts and dates, and check boxes for things like contingencies. You should be able to complete it yourself if you have good real estate knowledge, and probably Google one or two terms to confirm.

Personally didn't use a lawyer, but I could see some buyers using one- probably wouldn't be more than 5 hours of billing unless there was something unusual about the deal.

+1 Different DP here who bought a home without an buyer side realtor. The seller's realtor usually offers to pre-populate the offer for us to sign via Docusign. We've also done it ourselves. It's really simple. How much down payment do you want to make, do you want an inspection and how many days to do it, what closing date do you want etc.

We've never used a lawyer. The title company lawyer ensures everything is processed legally. Buyer side realtors don't provide you with legal protections anyway.

There's nothing magical going on behind the curtain despite what some realtors want you to believe.

yes, that was our experience as well. And if you get the seller's agent talking they will drop hints as to what the seller will push back on but of course what you put in your offer is up to you.