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Old 03-24-2010, 11:58 AM
 
7 posts, read 9,473 times
Reputation: 13

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HughMc: I used to hold my real estate license and can honestly tell you that you really should consider a buyers agent. You won't have to pay their commission, as the listing agent generally splits this with the buyers agent.

It won't save you any money to deal directly with the listing agent exclusively. Protect yourself and use the services of a buyers agent. Just my opinion...
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Old 03-25-2010, 11:12 AM
 
1,106 posts, read 2,037,844 times
Reputation: 954
Quote:
Originally Posted by MeInDenudinFL View Post
From my experience that if you want to go that route those realtors will spend minimal time to get you a good deal for obvious reason.
I'm not sure I buy that reasoning. Real estate agents right now are getting used to the idea of eating dog food, so it is a great time to bargain.

Yes, if you are looking to spend 3 months shopping for a $100k condo, there is no way they will want to split a commission with you.

On the other hand, if you know that you want to buy a house in a particular neighborhood in the $500k range, the agent would be nuts to pass up this deal.

1.5% of $500k is nothing to sneeze at, for both the buyer and the buyer's agent. I can find you several quality agents that would take that deal in a heartbeat.

In real estate, you get what you negotiate, since everyone is out to get you.

[disclaimer: I have a Florida real estate license but I am not a real estate professional.]
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Old 03-25-2010, 11:27 AM
 
2,726 posts, read 4,596,675 times
Reputation: 2341
Quote:
Originally Posted by chi_tino View Post
I'm not sure I buy that reasoning. Real estate agents right now are getting used to the idea of eating dog food, so it is a great time to bargain.

Yes, if you are looking to spend 3 months shopping for a $100k condo, there is no way they will want to split a commission with you.

On the other hand, if you know that you want to buy a house in a particular neighborhood in the $500k range, the agent would be nuts to pass up this deal.

1.5% of $500k is nothing to sneeze at, for both the buyer and the buyer's agent. I can find you several quality agents that would take that deal in a heartbeat.

In real estate, you get what you negotiate, since everyone is out to get you.

[disclaimer: I have a Florida real estate license but I am not a real estate professional.]
So, you are saying don't ask a split in commision if you are buying small house like 100K becasue there isn't enough money to motivate realtors to help you get a good deal but you can ask a split when the house is really high like 500K because the realtor get more money and get you a good deal.

Now how is that different with what I said earlier: "you get what you THOUGHT you paid"?
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Old 03-25-2010, 12:36 PM
 
1,106 posts, read 2,037,844 times
Reputation: 954
No, you said that your hired agent will not do his job because the buyer is getting a cut of the deal. A licensed real estate agent is supposed to get you the best deal they can no matter what. They are required to by Florida statute.

However, if you are asking for a cut of the deal, then you should be offering something in return. Would you be more willing to negotiate the purchase of a car or the purchase of a candy bar?

Remember: In real estate, you get what you negotiate, since everyone is out to get you.
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