Buying a house cash with no agent in Florida soon advice??

[lilacrose88]

Thank you!! Your input was very helpful!! I think I should get an agent


Andrea

Originally Posted by Diana Holbrook

The total commission is set by the listing agreement. If a share is not paid to your agent, it all goes to the listing agent. There is no assumption that the listing side will lower the total commission because a buyer is unrepresented. They may in fact argue that by having to manage the paperwork for both sides, they have to do twice the work. And that argument has merit.

So you won't save anything, necessarily. And you'll be signing contracts prepared by the seller, by someone with loyalty to only the seller. You will not be advised of special considerations, addendum and terms which would be beneficial to you, but are not required.

Get a local broker to prepare the offer for you, and walk you through the process.

As a buyer, there is absolutely no benefit to not having an agent.

My two cents.

[flyonpa]

Originally Posted by clearlevel

You mean the seller pays the commission, right? You give a price and usually you can negotiate with the realtor that you want the commission taken out of the price. So, it's the seller that is paying for it, since they get the price minus the cost of commission. That's if you have bargaining power on your side (you have cash or the person really wants to sell the house). However, it might not work if there are other bidders looking for the house or the seller doesn't want to go to low.

Opps, Yea... The seller pays the commission...

Not sure what I was thinking when i typed it...