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Good tips including always get the home inspected, get things in writing /specify, be prepared to negotiate and ask for discounts. Also notes that all aren't good negotiators and for sale by owner is becoming more common.
I've noticed an increase in certain neighborhoods many of which are old. My guess there are many selling older homes with old stuff/decor or some are trying to do everything on the cheap wether renovations or selling.
Also some will always delegate a task ie use a realtor. Others think they can do it better. I see mostly a cheapskate/greedy seller or they are trying to cover/account for defects that a traditional realtor driven sale would pick up on.
Good tips including always get the home inspected, get things in writing /specify, be prepared to negotiate and ask for discounts. Also notes that all aren't good negotiators and for sale by owner is becoming more common.
It's an OK article, but should disclaim that it is a localized bit of advice. Much of it is overgeneralized and may be misleading for consumers in different regions.
Location: Stuck on the East Coast, hoping to head West
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I don't think buying without an agent saves you any money. Shouldn't the owner be compensated for doing all of the work that the agent would have done?
I don't think buying without an agent saves you any money. Shouldn't the owner be compensated for doing all of the work that the agent would have done?
Every property is unique. Every transaction is unique. Every seller is unique. Every buyer is unique.
So, to answer your question, "Yes. No. Maybe."
I don't think buying without an agent saves you any money. Shouldn't the owner be compensated for doing all of the work that the agent would have done?
It can save you money if it's done right, and you know what you're doing.
I recently helped an estate that already had the buyer but asked me to make sure the t's were crossed and the i's were dotted.
I told them the market value was higher than the purchase price. They said no matter. It was a cash contract that ended up with a hard money loan. The Buyer was licensed and did not present the seller with the appropriate disclosure.
We got an offer two days after closing for $45,000 more.
...who saved the money by not putting the property on the open market?
I recently helped an estate that already had the buyer but asked me to make sure the t's were crossed and the i's were dotted.
I told them the market value was higher than the purchase price. They said no matter. It was a cash contract that ended up with a hard money loan. The Buyer was licensed and did not present the seller with the appropriate disclosure.
We got an offer two days after closing for $45,000 more.
...who saved the money by not putting the property on the open market?
How much of that $45000 would have gone to a RE commission?
We sold our house FSBO after consulting briefly with a REA. Sold for what she said we should ask for it, to the second person who viewed it. When we told her, all of a sudden, "Oh, I think I could have gotten you more..." -- yeah, and we wouldn't have seen any of it.
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