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Old 02-04-2008, 03:34 PM
 
127 posts, read 386,177 times
Reputation: 103

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As a buyer, you are not paying this commission - the seller is.
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Old 02-04-2008, 04:03 PM
 
25,803 posts, read 39,015,790 times
Reputation: 13792
[quote=rtjr;2723691]As a buyer, you are not paying this
I'm very well aware of that, but in short sales it works in my best interest to not have a buyers agent, and also in the selllers agent best interest since the sellers agent most of the time won't get 5 or 6% from the lender. I'm able to negotiate better, but I'm not giving away all my secrets.
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Old 02-04-2008, 04:34 PM
 
Location: South Tampa, FL
9 posts, read 28,984 times
Reputation: 11
ts_ohio and bentlebee I think you both are right, neither of you need a realtor. For what you are doing I think you both can do fine. I also think that there are some good realtors out there that earn their money.
As for someone's needing an agent, I think this depends on what you need and are looking for. For instance, being up-to-date on price changes in this market and in South Tampa is vital. I have seen no less than four homes that have been lowered 50-80K in a day and sell the next. Realtor.com takes 2-3 days to update, which in this mkt can be too long.
Many of my clients also look to me as an advisor. I'm honest and know that the real money to be made in this business is through repeat deals, not the quick sale. I have worked with one client through 3 million worth of Real estate over 7 years and he trusts my opinion to keep him out of trouble as well as my skill and diligence to get him a good deal. I also see about 20% of all deals fall apart, some worse than others. When this happens there is nothing like an experienced agent to help hold it together or at least make sure you don't get burned.
So in the end, I think that there are those who do not need agents to represent them, but there are many who would benefit as well.

Last edited by Scott A. Wolfe; 02-04-2008 at 06:01 PM.. Reason: spelling
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Old 02-04-2008, 05:40 PM
 
25,803 posts, read 39,015,790 times
Reputation: 13792
Quote:
Originally Posted by Scott A. Wolfe View Post
ts_ohio and bentlebee I think you both are right, neither of you need a realtor. For what you are doing I think you both can do fine. I also think that there are some good realtors out there that earn their money.
As for someone's needing an agent, I think this depends on what you need and are looking for. For instance, being up-to-date on price changes in this market and in South Tampa is vital. I have seen no less than four homes that have been lowered 50-80K in a day and sell the next. Realtor.com takes 2-3 days to update, which in this mkt can be too long.
Many of my clients also look to me as an advisor. I'm honest and know that the real money to be made in this bushiness is through repeat deals, not the quick sale. I have worked with one client through 3 million worth of Real estate over 7 years and he trusts my opinion to keep him out of trouble as well as my skill and diligence to get him a good deal. I also see about 20% of all deals fall apart, some worse than others. When this happens there is nothing like an experienced agent to help hold it together or at least make sure you don't get burned.
So in the end, I think that there are those who do not need agents to represent them, but there are many who would benefit as well.
Well said. I agree and a good realtor is worth a lot, that is why I hope that what is happening in today's market, will eleminate the realtors who think they can make money but sitting in a chair and go to a closing. Good advise and a good realtion with the seller and/or buyer is what it's all about and a little bit of fun.
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Old 02-19-2008, 04:17 PM
 
17 posts, read 70,287 times
Reputation: 32
I am not surprised that you had that experience. Sorry that you, did but not surprised.
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