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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not sure how this will play out but I think that many of you are not realizing the unintended consequences for sellers with this ruling. The market is so tight that many buyers are writing and losing many offers. Multiple offers are obviously good for sellers bc besides having buyers escalate way over asking, buyers also need to waive contingencies, offer free rent backs etc to win. What is going to happen is that buyers are going to write less. So I have new clients who I just started working with who had lost 8 houses before firing their agent to come work with me. They preinspected 8 times for a cost over $5k. If they had to pay a buyer's agent on top of that, I can guarantee you that they wouldn't have written on all of those homes. So less offers, less buyers pushing other offers to their cap, less competition-bad for sellers. [/quote]

Sellers should price honestly and shouldn't be afraid of things like inspection contingencies. If sellers start engaging in more honest behavior because the field of buyers is smaller, that's a good thing. It's crazy that you think someone writing 8 offers and spending $5k on preinspections with nothing to show for it is a sign that agents are doing a good job.[/quote]

It's not a sign that the agent is doing a bad job necessarily. It's a sign of the market. If you had any idea what is going on in the current market, you would never write such a ridiculous comment. [/quote]

You missed my point. It's a sign that sellers' agents are awful because they encourage underpricing, and they know that there are ample buyers' agents who will get their clients to play along. Even in a hot market, I don't believe this will happen to the same extent after commission-fixing stops.[/quote]

Your generalizations are just pure speculation. Some sellers' agents underprice and some do not. I just priced a home where it should be priced, not under, and it still received multiple offers and escalated almost 20 percent over ask with no contingencies. Excellent offers are losing right now, not because of the agents, but bc of the state of the housing market. Your point is illogical.  [/quote]

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