Reply to As a buyer, how can I leverage new Realtor commission rules for my benefit?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you want the lowest fee, just don't use a buyer's agent at all. It's not that complicated.[/quote]

+1 Just contact the listing agent. Tell them you're an unrepresented buyer and you want to see the property. Refuse to sign any agreement for them or anyone else to represent you.[/quote]

Wrote two contracts for unrepresented buyers on Tuesday and played them off each other.  I even made one drop the VA financing even though the interest rate was better.  After I squeezed them dry,  the sellers did about $73,000 more than the best comp from June    This is going to be a lot better for sellers because the buyers are easy to manipulate.  I will take unrepresented buyers any day. [/quote]

This. Unrepresented buyers (I don't care how smart they think they are, or if they have a real estate attorney who can read a contract) are at a huge disadvantage. Period. I am a listing agent primarily, and I can tell you an unrepresented buyer, is rarely getting a better deal than if you had representation and often is not winning the contract if you are in a multiple-offer situation, No matter what all these anonymous posters say. I have seen it time and time again. I have seen highly skilled and hard working buyers agents literally make the difference in getting clients into a home. I'm sure there will be people on here who SWEAR otherwise or say I am biased, but I live this everyday and know how transactions play out.  [b]I can tell you going unrepresented without a *skilled realtor* (not just anyone) puts you at a disadvantage in many ways.[/b] If you think buying a home is like buying a car, you are wrong. [/quote]

Maybe you are right. But the problem is that 90% of realtors are not very skilled. 90% of buyers aren’t getting the benefits of the skilled realtor you are talking about. They will be better off not paying these high realtor fees.[/quote]

DP but also up until now it was standard to have a buyer’s agent. As buyers increasingly decide not to get an agent, sellers agents are going to have to deal more with unrep’d buyers. It’s not going to be the one random buyer offer vs multiple agent offers. Also I’m betting buyers agents will come up with a new fee structure (maybe hourly, 1%, or some sort of rebate). So even the buyers who do get an agent will be paying less to them and sellers will also not want to offer buyer agent commissions.

Realtors need to wake up and realize the days of 5-6% are going the way of the dodo and adjust accordingly if you want to stay competitive. It won’t be long until AI can handle writing an offer for a cheap flat fee. [/quote]

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