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Old 12-21-2007, 10:38 PM
 
354 posts, read 1,205,728 times
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I did a quick Google search. VIP Realty will give rebate you back 1 1/2% . Depending on your negotiating skills you should be able to get the 2%. Good Luck!
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Old 12-21-2007, 11:39 PM
 
Location: Columbia, SC
10,746 posts, read 21,541,098 times
Reputation: 10224
Quote:
Originally Posted by ch123 View Post
I did a quick Google search. VIP Realty will give rebate you back 1 1/2% . Depending on your negotiating skills you should be able to get the 2%. Good Luck!
The original post is rather old. I suspect the person who drug it up was advertising their services. That post certainly smacked as an ad anyway. Feel free to flag it as advertising.
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Old 12-22-2007, 06:46 AM
 
Location: Dallas, Texas
3,589 posts, read 4,024,810 times
Reputation: 533
Quote:
Originally Posted by Sandy Nelson View Post
A real estate transaction is nothing like a phone purchase! It is a legal transaction involving multiple parties (lender, escrow, title etc.) and usually hundreds of thousands of dollars. For most people real estate represents the biggest financial asset they have. Why someone would choose not be properly represented is beyond me. I suppose there are buyers who'll forgo a home inspection in order to save the $500.
I've only ever bought and sold real estate in the UK despite the fact that I'm American.

I've never seen or heard of anyone using a buyer's agent in the UK. We didn't when we bought the house and none of the buyers did when we sold our house. Commissions there range from 1.75% to 2.5% (multiple agency listing) and they do a little less work than agents in the US do.

I fail to see the point of a buyer's agent and I definitely don't want to get stiffed with any of the commission for real estate agents; to me that should be 100% on the seller. If I need expert advice, I'll talk to a lawyer.

Then again, maybe real estate transactions in the UK are more straightforward and buyers in the US need an agent to avoid being seriously ripped off? Who knows. This whole "buyer's agent" stuff sounds like an excuse to pick mine and the seller's pockets.
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Old 12-22-2007, 07:05 AM
 
Location: Charlotte
12,642 posts, read 15,384,896 times
Reputation: 1680
Quote:
Originally Posted by nativeDallasite View Post
I've only ever bought and sold real estate in the UK despite the fact that I'm American.

I've never seen or heard of anyone using a buyer's agent in the UK. We didn't when we bought the house and none of the buyers did when we sold our house. Commissions there range from 1.75% to 2.5% (multiple agency listing) and they do a little less work than agents in the US do.

I fail to see the point of a buyer's agent and I definitely don't want to get stiffed with any of the commission for real estate agents; to me that should be 100% on the seller. If I need expert advice, I'll talk to a lawyer.

Then again, maybe real estate transactions in the UK are more straightforward and buyers in the US need an agent to avoid being seriously ripped off? Who knows. This whole "buyer's agent" stuff sounds like an excuse to pick mine and the seller's pockets. (Or perhaps it is a clever ruse to keep you from becoming engaged in serious litigation, the last I checked tortuous litigation allows the damaged party some pretty hefty compensation).

But no one would ever sue you over a house, would they?
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Old 12-22-2007, 07:10 AM
 
Location: Charlotte
12,642 posts, read 15,384,896 times
Reputation: 1680
Quote:
Originally Posted by nativeDallasite
If I need expert advice, I'll talk to a lawyer.

...Most attorneys will ask why you decided not to hire a RE Broker....
PS. you still have to pay the attorney.....

Funny - you want free service, complain about commission, but will pay someone who is not a specialist to offer second tier information and bill you by the hour....lol
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Old 12-22-2007, 07:20 AM
 
Location: Dallas, Texas
3,589 posts, read 4,024,810 times
Reputation: 533
Quote:
Originally Posted by walidm View Post
Quote:
Originally Posted by nativeDallasite
If I need expert advice, I'll talk to a lawyer.

...Most attorneys will ask why you decided not to hire a RE Broker....
PS. you still have to pay the attorney.....

Funny - you want free service, complain about commission, but will pay someone who is not a specialist to offer second tier information and bill you by the hour....lol
Thanks, that was SO helpful.

Is that what you'd have told me if I was sitting in your office, or talking to you on the telephone? I'd have taken my business elsewhere.
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Old 12-22-2007, 07:26 AM
 
Location: Dallas, Texas
3,589 posts, read 4,024,810 times
Reputation: 533
Quote:
Originally Posted by MikeJaquish View Post
But...But... That's how they do it in the UK...

Good post.
You're not selling me on the idea of a buyer's agent.

Like I said, is this what you'd tell a first-time buyer or immigrant sitting in your office or talking to you on the telephone? Of course not. You'd answer their questions and address their concerns in a professional manner, correct?

People complain about bad real estate agents giving the rest of them a black eye, then I read posts like this and realize that real estate agents possibly deserve their reputations as people not to be trusted.

You COULD have given a concise, professional answer....or you could have not answered at all. But no, you chose to tease and make fun.

Pointing and laughing is for the playground.
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Old 12-22-2007, 07:42 AM
 
Location: Charlotte
12,642 posts, read 15,384,896 times
Reputation: 1680
Quote:
Originally Posted by nativeDallasite View Post
Thanks, that was SO helpful.

Is that what you'd have told me if I was sitting in your office, or talking to you on the telephone? I'd have taken my business elsewhere.(You want free service - that's not business it's charity)

I'd have told you this, yes....I have family members who are contract attorneys.....the Bar Exam has a section concerning RE, It doesn't mean you're prepared to handle the complexities of day to day business in the field.



Finding a home is easy, selling a home is close to impossible - I can't and never have sold a home to a client - houses sell themselves - how can I pick your house!

The RE process is a legal process. You can be sued. Most people do not sue you for the amount of the product. If you are not extremely comfortable reading and understanding contracts, do not have multiple attorneys on retainer, do not have immediate access to the RE Commissions atty., do not take RE Update courses, are not versed in finance and the latest congressional changes to our business, do not have bankers, contractors, inspectors and other brokers on speed dial - then you most certainly fit the profile of one who is need of my profession's, professional Service. We are here to educate, represent and protect you. Or you can go it without representation, in which case I say - I wish you the absolute best of luck.

'cuz there's sharks in them waters.......
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Old 12-22-2007, 08:00 AM
 
Location: Dallas, Texas
3,589 posts, read 4,024,810 times
Reputation: 533
Quote:
Originally Posted by MikeJaquish View Post
It is assuredly not my intention to sell you on a Buyer's Agent.
You have made it clear here that you are not interested in Buyers' Agency.
That is your right, which I respect and support wholeheartedly. Sincerely.

Beyond that, your raison d'etre here is confusing. You routinely post on this forum where many agents and others gratuitiously offer a lot of help to people with actual real estate questions, cite a foreign model while broadly slamming agents as thieves, or worse. Then in pique and bewonderment you ponder why you could be taken more seriously.
Interesting. Well, maybe not.

The negative rep love note says, "waste of time." Accurate words, but likely applicable in various ways. I will heed them as I interpret them.
I think you're exaggerating the tone of my posts here, and let's be honest...you are hardly one to talk.

Put it this way...you'll never get my business. You are unnecessarily rude. Have a super Christmas.
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Old 12-22-2007, 01:24 PM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 14,573,036 times
Reputation: 3875
Quote:
Originally Posted by opowello View Post
I feel sorry for the original poster here because somehow this thread turned into a bunch of people doing everything but answer his question.

Anyway, I too had trouble getting sellers' agents to pay me any or all of the buyer's agent fee in my negotiations. So, I resorted to using Congress Realty (I'm in Austin, TX too). They rebate me 76% of the buyer's agent commission, and really, I get more than I need out of the deal. They will set up an automated search filter, take me around to homes, and assist in the offer process.

I was already using Congress Realty to list my old house for sale when they rolled out their buyer's service.
You have no right to the buyers agent fee. The buyers agent fee is an amount agreend on by the sellers agent and the seller. It goes to the buyers agent. If there is no buyers agent then the agent does not have to pay a buyers agent and that amount should go back to the seller.

It should not go to the buyer because the buyer is not a licensed real estate agent.

Bill
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