Quote:
Originally Posted by Eric Coffey
1. Realtors represent both parties, and some do so for each side exclusively (either buyer's agents or listing/selling agents).
2. Buyers do not pay the Realtor's commission. It comes out of the seller's proceeds. So, why would you want to go into a transaction representing yourself (fool for a client) when buyer representation is essentially free? That is a no-brainer to me.
3. FSBO's can be a nightmare, even if just one of the parties doesn't know what they're doing. If an FSBO seller doesn't allow agent-represented buyers, then both parties generally don't have a clue about the process. That is a huge invitation for problems and/or lawsuits. Real estate as an industry is one of the most litigious out there. Most FSBO's never sell without at least one agent in the mix anyhow (like around 80+%).
4. Nearly all Bank-owned (REO) properties are listed with agents. Banks wouldn't sell any properties if they weren't advertised and marketed properly. In most cases, you can't just "deal directly" with a bank to make an offer on a property. Banks are not in the real estate business. They are in the lending and loan-servicing business. They utilize agents to list their inventory, just as traditional sellers do.
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1 very minimal gain to buyers for high costs
I fail to see any thing a good inspection and lawyer can't do for about 10% of the agents fee or less
2 buyers pay the whole cost inc agents over priced and mostly non-negotiable fee
6% is not free and at home prices today it is thousands
if the seller was willing to sell at "X" price is ''X'' plus 6% to the buyers
to pretend otherwise is fraud BUYERS PAY EVERYTHING ON A HOME SALE
3 the main reason FSBO's have a hard time selling is the agents boycotting them
I offered every lieing piece of trash ''agent" who claimed to have a willing buyer
the 3% buyers fee but not one ever showed up with a buyer
the liers were just trolling for listings
I paid for my own ad's and marketing and saved thousands
so wouldnot list esp a exclusive list with any one
why any one agrees to an exclusive listing is a mystery to me
realtors have conned the banks into not dealing with the public
banks need to wake up and see they sure are in the real estate biz today
with the massive numbers of repo's they are sitting on now
and they need to turn the property's over as quick as they can
to anyone they can esp as prices are still droping like a rock