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Real Estate
Reply to "Is the realtor entitled"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] Sellers are often more than happy to deal with buyers directly, as it saves them from having to pay commissions to the buyer's agent.[/quote] Not always true, but in any case you would have to proactively write that into the contract if you don't have an agent. OP, to answer your question, no. But I'm curious as to the situation that led you to identify and close on a property without a realtor when you were working with a realtor. Was it FSBO?[/quote] Time to wake up. Lots of people choose to buy or sell without a real estate agent, especially given (1) the technology and info out there nowadays, (2) the amount of people familiar with the area and what they want, and (3) the high 3-6% agent fees. We have bought twice with no agent. Used Redfin.com for houses in market, open houses and valuation/comparable purposes. [b]Used our title/settlement agency for the contract submit trance and legal review, etc. Easy peasy and saved $60k. [/b] Btw, no one but you can best stick up for YOUR interests, no conflicts with agents trying to max their commission and close on deals that shouldn't be happening...[/quote] Please explain how you did this. I use redfin.com. I've bought and sold several houses, looking for another. I sold one house without a realtor, but that was in another part of the country. Here, I bought one house, but we used the realty company's title/settlement co, so I don't see how I could get them to make the offer for me without using one of their own realtors. How does one find a reliable title/settlement co who will make the offer? I can write the contract but need help with legal review, etc. I'd love to save that $$ the realtor makes for doing almost NOTHING (in my case). BTW, the realtor lobby spends more money in Washington than the gun lobby! They have so much power!! They make it almost impossible for people to buy and sell their own houses without extracting OUTRAGEOUS fees. On a $1M house (common in DC area) a realtor gets $50-60K doing almost exactly the same amount of work as another realtor selling a $500k house, who gets half that amount. When will we come to our senses and refuse to pay! Fee for service is the way to go! I'd happily pay a realtor to show me houses if I were from out of town, but as a local, I don't need that service, and don't see why I should have to pay it. We'd sell a LOT more houses if realtors didn't take such a HUGE cut on each sale. [/quote]
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