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Real Estate
Reply to "Biden admin going after realtors! "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Agent here. Last night I received seven offers on a moderately priced house in Virginia. Of the seven buyer agents, each was contributing from 1 to 1.5% to the b[b]uyer's[/b] for closing costs. The buyer who got the house was not giving the buyer any part of his commission. His clients did everything right to get the house from pre-inspection to solid financials and good local lender. The buyer paid less than the maximum escalated price on two other offers. They both had home inspections, and the seller did not think it was worth the trouble for about a little more money.[/quote] Another reason why I won't use agents. The bar to admittance is too low. Too many bored housewives. Too many agents who can't spell (actually had that happen!) and can't express themselves clearly in writing. I find what I want to buy, do comps myself, hire a real estate lawyer from the locale to review the contract (contracts are accessible online) and make my offer. There is no need to have agents involved anymore. I recently saved over $100K on a sale and buy and did not use agents.[/quote] Spot on, with technology, all this information is available to the buyer. Buyers find their owns homes, can easily find comps, see estimated values from different sources, hire a real estate lawyer, hire an inspector, and etc. No real reason to have a real estate agent. On the spelling point, omg spot on, there are so many listing I have seen that have poor spelling, are grammatically incorrect and etc. One wonders about the quality of the realtor (vast majority of them) of they don't even take the effort to put the effort into having a proper listing statement/intro with proper spelling and grammar.... [/quote]
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