Reply to Buying without agent: what are the concrete steps I need to take?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have done it several times. Got the contract executed, let my attorney and settlement company go over it and got the property cheaper. It works fine if both buyer and seller have good intention of making it work.

Paying 4% commission to agents is useless if you are in a HOT market. [/quote]

FFS, this only applies if the seller is FSBO. So, maybe you should say that up front rather than give misleading shit advice. [/quote]

Actually it does not, the seller’s agent still gets paid and the fee they would have paid to the buyer’s agent is just used to reduce the purchase price. Pretty simple. All fees are negotiable.[/quote]

NP and I think the challenge which I noted in another post is that the listing agreement usually spells out the split so the agent is usually entitled to the buyer's agent share if the buyer is unrepresented.  The seller could technically renegotiate the contract but the agent will say how much extra work it is with an unrepresented buyer blah blah blah so that may or may not be successful.  I think it's a lot cleaner to just go with a rebate agent.[/quote]

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