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> I think for buyers, agents make a lot of sense. Largely, because of how the system works, they're free to buyers, as the seller's pay the agent fees. When we
by dminor 14y ago
> I think for buyers, agents make a lot of sense. Largely, because of how the system works, they're free to buyers, as the seller's pay the agent fees.
When we bought our house we didn't use an agent. Our offer was instantly 3% more attractive to the seller. The seller's agent told us after we closed that there had been 5 other offers and the 3% put us on top.
A better way to think of it is this: the party bringing the money to the table is the party that is paying for everything.
- treasdev 14y agoHow did you get into houses to view them without an agent to open the lockboxes? How did you assmble all the paperwork required for your states contract? I've long seen agents as unnecessary and would like to avoid one to make my offer stronger.
- dminor 14y agoSorry for the late reply - you can just call the seller's agent and have them show you around. We used a real estate lawyer to draw up the contract and to have someone we could ask negotiation advice from if we needed it. Far cheaper than the 3% cut. Be aware that in most agent contracts the selling agent is entitled to the full commission if there is no buyer's agent, so how attractive your offer is depends on the relationship between the seller and their agent. Also, every agent you meet will try to get you to use them as an agent, so make it clear you are acting without an agent.