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

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

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[quote=Anonymous][quote=Anonymous]
Closing cost credits take a variety of forms. Usually, they are literally to pay for things like title fees and taxes. Buyers request these things for cash flow reasons more than anything. Sometimes they'll even say "I'll pay you $10,000 more if you'll give me $10,000 in closing cost help." This has NOTHING TO DO WITH PAYING A BUYER AGENT.

Sure, people can negotiate these things themselves. But you're a case in point of people who don't understand these dynamics and how they affect and offer -- you're your worst enemy in negotiations, because you're so sure you know everything ... and you actually don't have a clue. This goes back to your simplistic "all things being equal" comment. There's no such thing. No two offers are going to be exactly alike except for the price. 
[/quote]

Come on, in your example, every seller would take a $1 million offer with a $10k credit like that and say "oh, that's a $990,000 offer", and then compare to the other offers which don't have any credits requested.  So yes, you can absolutely do something very close to "all things being equal", and in fact that's what every seller does, implicitly, when they make a final judgment as to which offer to take.  They put a valuation on the non-financial thing, and use that to make everything "apples to apples". Or, and I don't know everything here, but stay with me, they could say get a higher offer that comes with a quicker move out, and reply to that buyer "you had the best monetary offer, but we need another 2 weeks before we move out, if you can modify your offer with that date, we will accept"

Because I am pretty sure those types of things happen all the time right now, and people use them to make...all things be equal, so they can take the highest offer.[/quote]

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