So i know we have some good realtors on here that can help find me a good piece of property. But before i do that i want to figure some things out. So i found a perfect property on landwatch.com but i dont know if it would be better to just contact the realtor that the site gives u for that property, or get with another realtor and tell them about the property. Any help is appreciated. Thanks
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There is really no advantage to representing yourself unless you just want to. The realtor that the property is listed with, is going to just take the entire commission if you represent yourself. If you get a realtor to represent you then your realtor will get 1/2 the commission.
I have bought and sold property myself, and personally I would get an agent in this situation. If it was FSBO that is a different story in my opinion. -
If you contact the listing agent when you settle on a settle on a price see if he will cut his commission. A typical home listing will have a 6% commission with 3% to the selling broker. If the listing broker is also the selling broker they get all 6% so sometimes they will discount the 3%. Hope that makes sense .Comment
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You need someone to represent YOUR interests. The selling broker will do both sides but that's risky IMOComment
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It would be a terrible idea to let the selling agent "represent" you--mainly because they wouldn't be representing your interests at all. They're in it for the sale, and if you let them represent you, you're essentially making yourself an easy mark. Realtors representing both sides of a transaction is the single biggest unregulated conflict of interest I've encountered in the professional world and I have no idea why it's still legal.Originally posted by ryanwood08 View PostComment
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Whats the first thing that people mention when a realtor is involved......"get them to cut their commission". LOL.
I wish we could do this with doctors, dentists, lawyers, accountants, yard maintenance, utility companies, IRS, state and local taxes, heck everybody need to be "cutting their commission".
I'm not a realtor, but dang they have a tough go at it.
Personally I would get a realtor to represent me in the negotiations with the other party. And I would not ask any side to "cut their commission"Comment
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You would be surprised. I've talked discounts with many of these organizations and companies. Let's take the hospital for example. My wife and kids were in LA. Kids had bad fever, hospital wasnt covered with our insurance. Wife asked about discount and we got it. We've done that a few times, same thing with lawyers. It doens't hurt to ask.Originally posted by Sunnylab View PostComment
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CHANCE LOVE!Originally posted by ryanwood08 View Post
Get a realtor to represent you. It wont cost a dime to you and it was a huge help for us.
Chance earned his commission on our place.Comment
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I bought land by contacting the listing broker and representing myself.
Buying land is substantially easier than buying a home....you just have to have the cash for a down payment or payment in full.
I never met or even spoke on the phone with the broker.
We agreed to a price and handled closing over email.
The owner of the property is setting the price and approving of any negotiations so its not like the broker is out to get you. They wanted to flip the property as fast as possible and they were very efficient and organized at doing it.Comment
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I've negotiated pretty much ever major medical bill I've ever had with success. I've also negotiated legal fees with lawyers prior to signing retainers. Yard maintenance is all about bartering and if you ever protested your taxes at the county office you know it is all about negotiating and selling. At work, we negotiate with utility companies every day.I wish we could do this with doctors, dentists, lawyers, accountants, yard maintenance, utility companies, IRS, state and local taxes, heck everybody need to be "cutting their commission".Comment
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Get your own agent!Comment
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pm repliedComment
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I bet he earned his commission more on my placeOriginally posted by mmoses View Post
Not sure if that's a good or bad thing.
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He will never break even with us. Poor guy...Originally posted by RiverRat1 View PostI bet he earned his commission more on my place Not sure if that's a good or bad thing.
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Get a broker to represent you. The selling broker will get half of the commission and you get someone to look out for you. I could have dealt directly with the sellers broker and down the road...I would have gotten the big screw. Give the land a good go over and have it surveyed. With a broker on my side, I was able to get back $1000 from seller because of debris and hazardous ballasts( old leaky light fixtures) that were left on the land I bought in Harper. Without him negotiating that for me, I doubt I would have ever gotten that $ back.
Chance Love has a excellent rep on here. If you are able to get him to rep you. Go for it.Comment
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