|
|
|
|
|
|
by redmand
4071 days ago
|
|
|
I've yet to realize a benefit from using a realtor, three houses in. My last transaction was done without realtors. Both parties did their research, we ensured all legalities were covered, and the whole thing was done for $30k less than using realtors. The first house incurred the penalty of using a realtor who used salesmanship to trick a couple of first-time kids. I don't trust them any further than I trust car salesmen. As long as both parties are responsible and do their homework, I don't see any reason to use a realtor. In fact, if you do then that means there are two more parties you have to trust on responsibility. |
|
|
Sure, they have the same incentives working against you. They both work on commission based on the amount you pay.
> I don't see any reason to use a realtor.
You're not doing it right.
First, don't work with agents ... work directly with a broker. Second, work with someone local, who knows the market really well. You look for houses and tell him what you want to see. He gets you in quickly and makes suggestions. He presents options and negotiates everything. Get your own inspector. Make sure he's detail oriented. Now give the inspection report to your broker and make him work for his commission. Beat down the price with the report. It's his job to make sure you get a better deal. Make sure he does his job.
On the seller side, their sole purpose should be to get you listed on the MLS site. The house will sell itself. You can negotiate a discount rate if the only thing they do is list your property and coordinate showing requests with you.