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Reply to "Want to buy a house without an agent - the listing agent has cancelled the showing. Any ideas?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I just bought a home without a buyer's agent, and I'm just a poor shmo who knows nothing (but I can read, and I know what I want to spend). We worked through our lawyer and the seller's agent who, really, did nothing except (a) open the home and (b) send us blank forms for our attorney to fill out to make the offer (and carry us through closing). I saved the full 3% on this transaction, minus the $1500 or so I paid my attorney. You do not need a buyer's agent. Ridiculous. [/quote] it depends on the market. it is hard to believe that you can get a house without an agent (and getting 3% rebate) when the market in that area and price range results in 5-10 offers within a day of listing for thousands $$$ over asking and several with pre-inspection done and no contingencies. this has been the norm in some areas and price ranges in the past year in DC. if you buy in less desirable areas, or a home that has been sitting because overpriced or on a very busy street or with some other issue, maybe (but then, having an agent who can advise you would not sound that bad of an idea to me)[/quote] In our case, it wasn't a rebate. We just knocked 3% off what we thought the house would go for, and it was within our budget. We did a pre-inspection, too, so we knew what we were buying. The home is in a hot area. We did not dawdle--we moved fast. We described ourselves as serious buyers with a lawyer advising us. We handled the communicating with the real estate agent ourselves. Never encountered any problems. [/quote]
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