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Old 03-07-2014, 05:04 PM
 
Location: Southern California
4,451 posts, read 6,801,295 times
Reputation: 2239

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Quote:
Originally Posted by Brandon Hoffman View Post
Really the listing agent is probably to blame anyway. If he'd done his job better he'd have found this out prior to showing the home.
He/She probably wasn't given the opportunity to based on previous postings.
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Old 03-08-2014, 09:19 AM
 
Location: California
6,421 posts, read 7,670,347 times
Reputation: 13965
Why would anyone bring in another sales person?

You need to hire a qualified legal representative to ensure your rights in the real estate contract negotiations are handled by someone who has no financial interest in the outcome. Always use independent people who are not a part of the food chain including all inspectors and contractors. It is just good common sense with so much of your money on the table.
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Old 03-08-2014, 09:58 AM
 
8,574 posts, read 12,414,714 times
Reputation: 16533
Quote:
Originally Posted by Heidi60 View Post
Why would anyone bring in another sales person?

You need to hire a qualified legal representative to ensure your rights in the real estate contract negotiations are handled by someone who has no financial interest in the outcome.
Your rants against real estate agents might be better received if they weren't so monotonous. While there are certainly times when a qualified real estate attorney is better suited to handle a transaction than a real estate agent, there are also times when the opposite is true. Lawyers can best deal with the legal intricacies of some real estate contracts, but dealing with price is usually not their forte. An experienced real estate agent is usually more qualified to give guidance as to market value and even as to negotiating tactics.

Besides, if buyers exclusively were to use attorneys, there would be little to no chance that they could get part of the commission rebated to them. As an example, in Michigan, only licensed agents are allowed to receive a real estate commission--attorneys are not eligible (unless they are also licensed as a real estate agent, of course). A recent client of mine was going to use an attorney to handle negotiations until I apprised them of that fact. I then represented them as the Buyer's Broker and we were able to successfully complete the purchase. In doing so, I was able to rebate my full $22K commission to them, which was much appreciated. (I don't rebate my entire commission very often, but the buyer was one of my favorite charities.) And, by the way--since it was a complicated deal--attorneys were still involved.
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