Quote:
Originally Posted by nota
Realtor's work for the sellors
why would any buyer want to pay 6% extra for a house
esp as the Realtor will not do much for you
the deals are from FSBO sellors or the damm banks
in this crazy market I would deal directly with a bank
offer to buy only if they finance a property they own
that should be a win win for the bank
as they get rid of the house
and get money coming in at the same time
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That's not a very bright way to look at it. Total commission "may" be 6%. If one has a buyer's representative, they split it. Even if one Realtor from the same brokerage shows another's listing, and it sells, they split. Splitting is more common than a home run.
I is unwise to let the listing Realtor represent both parties, don't you think? Get you own. But, as I said, if you retain a buyer's representative too soon, they will tire of showing you houses after the first couple of days. However, they are still entitled to share in the commission should you buy a house that YOU found.
I like to work with the top sellers in the local community where they farm. They know the lay of the land better than an out-of-region Realtor. That why I say find at least the area you want to live in before working with the Realtors' offices.