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Old 08-01-2012, 02:12 PM
 
Location: Colorado
659 posts, read 768,620 times
Reputation: 507

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Would I save if I didnt have a realtor and just used the listing agent?
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Old 08-01-2012, 02:23 PM
 
Location: NJ
17,579 posts, read 38,295,421 times
Reputation: 16098
Maybe. Maybe not. Impossible to know.
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Old 08-01-2012, 03:02 PM
 
Location: Colorado
659 posts, read 768,620 times
Reputation: 507
ok I didnt know if it was better to have someone else represent the buyer vs the buyer going directly to the listing agent.
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Old 08-01-2012, 03:30 PM
 
Location: Martinsville, NJ
6,159 posts, read 10,893,123 times
Reputation: 3939
Quote:
Originally Posted by Ming Ming View Post
Would I save if I didnt have a realtor and just used the listing agent?
Probably not.

The listing agent is COMMITTED to work for the best interest of the seller. Their job is to make the sale at the best price & terms to the SELLER. While the listing agent can certainly provide you with any publicly available information, and will likely be happy to help you fill out forms & the like, they will NEVER help you negotiate for a better price. If you are completely confident of your ability to negotiate (and that means do all the associated research & fact finding,) and do not want a real estate agent to REPRESENT your interests, and IF you can convince the seller to accept a lower offer, then perhaps you might save some money by working with the sellers agent. But you'll never know for sure that you saved any money.
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Old 08-01-2012, 03:38 PM
 
Location: The Triad (NC)
26,841 posts, read 57,851,863 times
Reputation: 29235
Quote:
Originally Posted by Ming Ming View Post
Would I save if I didnt have a realtor and just used the listing agent?
What do you see as the difference between a Realtor and a listing agent?
I'm not aware of any that amount to anything.

Sellers NEED an agent.
Buyers are typically well served by having their own agent.
Buyers still need to have an attorney.
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Old 08-01-2012, 05:00 PM
Status: "October is the eighth month" (set 19 days ago)
 
Location: Just south of Denver since 1989
10,676 posts, read 28,491,129 times
Reputation: 6842
Default already has an agent

Highlands Ranch that bad?

post #41
Quote:
Originally Posted by Ming Ming View Post
school is starting, I am in a 1700 sq rental, I want to be in a home by the holidays. My realtor found one in Arapahoe lakes, I go in the morning to look. No idea how I missed it, that's why I have him I guess.
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Old 08-02-2012, 08:55 PM
 
Location: SF Bay Area
3 posts, read 2,715 times
Reputation: 10
Ming Ming,

Agents are paid commission only from a seller, usually a certain percentage agreed upon with the listing agent here in CA. The listing agent will then market the property including on the MLS (multiple listing service). Other agents, or "buyer's agents" see a "cooperating fee" meaning how much commission is given to that agent to bring a qualified buyer to purchase the property. I am unsure on how it can save you money going by yourself.

Agents are usually better able to negotiate with each other, and act as a go between with their clients. The fiduciary responsibility to the listing agent is to their client, and buyer's agent to theirs respectively.
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Old 08-02-2012, 10:54 PM
Status: "Techno-challenged anonymous repper" (set 20 days ago)
 
1,151 posts, read 923,235 times
Reputation: 1957
Certainly possible that things may have changed since I was a real estate agent in NY during the 90's...but back then you would have a very hard time dumping an agent and making an offer on a house that said agent showed you. As it should be, unless the agent was truly not up to the task.

Now if the house you are putting in an offer for, is one that you found on your own - well that's different.

But since you posted your question on an open forum; plz allow me my two cents. You've been allowing an agent to spend his or her time, resources, experience, & quite often gasoline and other expenditures to show you what's out there compatible with your laundry list of must haves. To up and decide that you will now pursue this endeavor on your own is, at best, a crummy thing to do. At worst, it's doing a major disservice to yourself. The worst is more likely in your case because quite frankly, you seem a bit...well...inexperienced lets 'just say. (I dont mean that at all as a snipe - just have read your other posts/threads)

When the "buyer's broker" finally gained footing here, it was met with controversy. Now it's accepted here and even expected. Personally I feel anyone not 100% savvy in today's market is foolish to not have an agent. There is no way I would make a real estate transaction without one.
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Old 08-03-2012, 11:09 AM
 
Location: Northwestern VA
982 posts, read 3,022,847 times
Reputation: 559
Not necessarily. And if you proceed without an agent, don't make the mistake of thinking it's the listing agent's responsibility to help you, because it probably won't be. The money you think you're saving by not hiring your own agent will be spent paying for things you thought you'd save on by not hiring an agent.
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Old 08-03-2012, 08:19 PM
 
Location: Colorado
659 posts, read 768,620 times
Reputation: 507
I did use my agent, I didn't sign a contract because I told him I wouldn't, but in the end I still ended up using him.
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