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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you waiving inspection? I think you need a realtor present for inspection, so either you hire one or waive it. If you waive all contingencies, I don’t see an issue. That said, we are getting ready to sell and I would prefer an offer from someone with a realtor, simply bc without senda the message you are more likely to nickel and dime the seller. Can you just use Redfin? I think they are 1%. Also, the commission percentage is written into the selling contract as a total percent, so if you have no realtor the full amount would go to the selling agent. So they are unlikely to lower the selling price, you have to ask for the commission to be refunded to you. Have you bought before? I would make sure you know what you are doing. [/quote]

No, we are not waiving inspection. We would never buy the house without an inspection. What difference does it make if we don't have a realtor if we find our own inspector? We can get one through referral from others.

The house has sat on the market for a few months and the estate is looking to get rid of the house. We are not in a hot DC suburb but in the Baltimore suburbs. Properties don't move like they do in DC. [/quote]

I mean most people will require you to have a licensed realtor present for inspection. They won’t just let you in their house with an inspector. Realistically, yo I are first time home buyers who are trying to save a buck. It’s good, in your case, that you aren’t in a hot market. Good luck. [/quote]

OP here. Getting the 3% back is nice but not a dealbreaker.

If the only function of a realtor is to have someone present in the house during the inspection, then why is that worth 3% of the sale price? The estate would be paying that, not us, so it's not our money. We will be asking for full closing to start with and will probably end up with half the closing costs covered. The 3% back would be part of the negotiation over the closing costs.

I searched this topic in the archives and it seems like others have done this successfully. I'm not opposed to getting a realtor but it seems like we'd be giving the realtor free money for not very much work. I'm more concerned over your implication that we can't have a proper inspection without a realtor? Why would the listing agent refuse a qualified home inspector into the property if she wants to close the deal?

[/quote]

[b]Because a licensed realtor has to be present,[/b] and if the listing agent is present then you are essentially asking him/her to dual represent you (which they cannot/should not do) and also work for free. The chance of you negotiating that full 3% back or applying it toward closing costs is slim. Most likely, there is a seller-side contract which says the listing agent will keep all or some of whatever percentage of total commission if there is no buyer’s agent.

You would be MUCH better off using a discount buyer’s agent who will give you back 1-2% of the 3% paid to the buyer side.

-Not a realtor[/quote]

This is BS. I have never heard that.  Maybe this is the law in DC? I doubt it. In any case in MD a realtor doesn’t need to be present for an inspection.[/quote]

DP.  Who’s going to let the inspector into he house if there’s no agent there to do it?  Who’s going to be responsible for supervising the inspector to make sure there’s no damage/theft?[/quote]

This, what seller or seller’s agent is going to allow that? Maybe elsewhere, but I can’t imagine any tolerance for that bs in the DC market. [/quote]

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