Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Before moving forward to buy a home from a for sale by owner, ask the seller if you can let your agent represent you. The seller might be willing to pay a commission for a buyer's agent, which means your agent costs you nothing. It's worth asking about.
Sure enough seller might be willing to pay buyer's agent fee and will increase the house price by that amount. Not so much for "your agent will cost you nothing", at the end where transaction money are coming from?
exactly my point!!!!
you can use a lawyer for regular sales as well.
A lawyer is NOT a substitute for a real estate agent.
A real estate agent is NOT a substitute for a lawyer.
I'm not sure why some people insist on acting as if these two very different professions are somehow interchangeable.
It's like responding to the statement, There's a puddle under my sink, I think I need a plumber, with you should call an HVAC repairman.
While there might be some small amount of crossover, the two have very different knowledge bases, experiences, and responsibilities. Depending on the buyer, the house, the situation, and any number of other variables, one might need to hire a real estate agent, a lawyer, or both.
Before moving forward to buy a home from a for sale by owner, ask the seller if you can let your agent represent you. The seller might be willing to pay a commission for a buyer's agent, which means your agent costs you nothing. It's worth asking about.
That's absolutely the wrong question to ask. No one can prevent you having an agent to represent you, if that's what you want. The question to ask is "Does your asking price include a cooperating agent fee? And if so, how much?" If the answer is no, then you need to decide if you are willing, and able, to pay the agent separately. Because, for some unknown reason, banks don't want to let the BUYER wrap the price of their representation into the mortgage unless that representation is paid for through the seller. Odd. But a rant for a different time.
A lawyer is NOT a substitute for a real estate agent.
A real estate agent is NOT a substitute for a lawyer.
I'm not sure why some people insist on acting as if these two very different professions are somehow interchangeable.
It's like responding to the statement, There's a puddle under my sink, I think I need a plumber, with you should call an HVAC repairman.
While there might be some small amount of crossover, the two have very different knowledge bases, experiences, and responsibilities. Depending on the buyer, the house, the situation, and any number of other variables, one might need to hire a real estate agent, a lawyer, or both.
what knowledge do you think average real estate agent have? please list all. it will help us buyers to know what to expect from an average real estate agent...
Besides, real estate agent cannot talk or explain legal contract -and lawyer can. and at the end of the day if you are ending up with issues you are going to the lawyer so he can find the way out for you based on signed contract... so why not to go directly to the lawyer so he can put together contact that will protect you...?
Everything typical realtor does any buyer with internet access can do - the only thing is to show properties... and getting paid for that 3%? sure enough if I were a realtor I would be talking back to people like EngGirl
Everything typical realtor does any buyer with internet access can do - the only thing is to show properties... and getting paid for that 3%? sure enough if I were a realtor I would be talking back to people like EngGirl
Sorry, not quite that simple. If you actually knew what was involved, especially during difficult transactions, you wouldn't believe that at all. Not to mention that Realtors are strongly regulated/licensed by their Realtor boards and state governments. Yes, during the housing boom of the earlier 2000's there were issues, but that is now ancient history.
Just saying, take it for what it is worth. I really don't care if you believe it or not.
Besides, real estate agent cannot talk or explain legal contract -and lawyer can.
Errr... yes we can. We take extensive legal and contract classes many taught by the attorneys who draft our contracts so we will be able to explain our contracts to our clients. We can't change the wording of the contracts or give legal advice but we can fill in, discuss and explain.
lol, don't even let me start on real estate license
as far as I know agents cannot practice law. "Fill in, discuss and explain" any high school kid can do if he has internet access. Not talking about anyone specific... I feel like agent overate themselfs while many many people with no education are become realtors... why? because it's not hard and doesn't require you any special knowladge
Sorry, not quite that simple. If you actually knew what was involved, especially during difficult transactions, you wouldn't believe that at all. Not to mention that Realtors are strongly regulated/licensed by their Realtor boards and state governments. Yes, during the housing boom of the earlier 2000's there were issues, but that is now ancient history.
Just saying, take it for what it is worth. I really don't care if you believe it or not.
This. It's interesting (and a little horrifying) when people who don't have a clue decide they know everything that is involved in numerous real estate transactions and that they know everything that can possibly go wrong. I used to be that ignorant, until I was an agent for a while and saw first hand what is involved and what can go wrong and learned how ignorant I was. Fortunately, I KNEW I was ignorant and didn't pretend I knew all there was to know about real estate because I'd bought a house or two.
what knowledge do you think average real estate agent have? please list all. it will help us buyers to know what to expect from an average real estate agent...
Besides, real estate agent cannot talk or explain legal contract -and lawyer can. and at the end of the day if you are ending up with issues you are going to the lawyer so he can find the way out for you based on signed contract... so why not to go directly to the lawyer so he can put together contact that will protect you...?
Everything typical realtor does any buyer with internet access can do - the only thing is to show properties... and getting paid for that 3%? sure enough if I were a realtor I would be talking back to people like EngGirl
If you only knew what you didn't know...since it's so dang simple why don't you just go get your license and give it a whirl?
I have a limited license to practice law in Colorado. All Brokers in Colorado do.
This is not an easy profession to make a living. There are a lot of expenses, and no promise of a closing.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
