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Old 09-16-2018, 12:40 PM  
BigRichard BigRichard is offline
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Selling a house without an agent

The wife and I are about to put the house on the market. Houses in our area are selling in a couple of days of being put on the market so we are not going to get an agent. We believe we will be able to sell very easily without one. My only question is the buyer's agent. Can you state the buyer has to cover his own agents fees? My wife(with her brother and sister) sold their mother's house by just stating they were not going to accept anyone with an agent to avoid the fees. They sold her house in a very short time. I didn't know if that was the best route or if you could just say agents are fine as long as they know they have to cover the fees. Anyone know the best way to handle this?
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Old 09-16-2018, 06:28 PM   #76
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I’ve bought and sold 4 houses in the last 7 years. Agent fees are absurdly high for what value they actually bring. Maybe 20 years ago or in a slow market, but really there is little they do that you cannot do yourself for significantly less money.

I’d recommend using Keyzio or Redfin. The flat rates are much more reasonable. 6% is absurd, really. But one thing you will not avoid is paying buyers agent fees. That’s nearly unavoidable. You can say up front that you aren’t gonna pay any buyers agent fees but you basically won’t get any buyers.

We just bought a house this week without using an agent and the seller didn’t have one either. It was the easiest transaction ever. The paperwork was minimal, no agents mucking everything up. It was great.
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Old 09-16-2018, 06:31 PM   #77
BryanBusby BryanBusby is offline
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I'd really like to see the listing once it's up as a FSBO with a notice that agents aren't welcome without a penalty fee.
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Old 09-16-2018, 06:38 PM   #78
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Quote:
Originally Posted by BryanBusby View Post
It's easier for me now that my wife has family that works in real estate. Before that happened, honestly? I drove around an area and looked houses with sold signs in the front yard and started working down a list and interviewed them.

I'm not saying my method would be the best return, but I'd look at all my options instead of forcing myself into a narrow tunnel plan because agents R crooks and they are allegedly all lazy.

But I wouldn't need an agent to know that telling buyers that have one to **** off is a stupid ****ing idea. Stunting your own buying pool to inflate your price to save what....3%(?) isn't a thing I would ever consider.

Research, research, research and research again. Keep all your options on the table and don't be afraid to fire somebody if you don't get results that you like. Some mechanics are total crooks too, and I could get some savings, but doesn't mean I'm going to attempt a transmission rebuild on my own.
Well here's my deal, I've only bought one house in my life, and it turned out to have some very significant electrical issues and we should have never been allowed to take possession of it as it was. And I place that blame squarely on my buyer's agent. She recommended the inspector, and then the electrician that made some repairs, and I know that between the two of them, one, if not both, were aware of the other issues. There's no way they could have not been as the electrician was working in the same area they were in, and for whatever reason, they were swept under the rug. I put my trust in her and I got ****ing burned badly. Hell we're lucky the place never burnt down because of them.

So no, I don't hold realtors in very high regard. I know it's wrong for me to base my opinion off of one bad experience, but a home is the single biggest purchase most people make in their lives. And we did everything right that time, and still got screwed.
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Old 09-16-2018, 06:40 PM   #79
BryanBusby BryanBusby is offline
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Quote:
Originally Posted by Bugeater View Post
Well here's my deal, I've only bought one house in my life, and it turned out to have some very significant electrical issues and we should have never been allowed to take possession of it as it was. And I place that blame squarely on my buyer's agent. She recommended the inspector, and then the electrician that made some repairs, and I know that between the two of them, one, if not both, were aware of the other issues. There's no way they could have not been as the electrician was working in the same area they were in, and for whatever reason, they were swept under the rug. I put my trust in her and I got ****ing burned badly. Hell we're lucky the place never burnt down because of them.

So no, I don't hold realtors in very high regard. I know it's wrong for me to base my opinion off of one bad experience, but a home is the single biggest purchase most people make in their lives. And we did everything right that time, and still got screwed.
Yeah that's a bad experience, but honestly that's a worst case scenario. Yes, you and your wife got screwed.

How did you guys come around to choosing that particular agent?
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Old 09-16-2018, 06:50 PM   #80
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Quote:
Originally Posted by BryanBusby View Post
Yeah that's a bad experience, but honestly that's a worst case scenario. Yes, you and your wife got screwed.

How did you guys come around to choosing that particular agent?
Recommendation from a family member.
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Old 09-16-2018, 06:55 PM   #81
Bugeater Bugeater is offline
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About 10 years or so after we moved in, I lost power in about half the basement. 15-20 minutes of digging around revealed this:


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Old 09-16-2018, 06:56 PM   #82
BryanBusby BryanBusby is offline
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Quote:
Originally Posted by Bugeater View Post
Recommendation from a family member.
That makes it even worse.

My open-ended advice to the OP or whoever would be to leave all the options on the table. Yes paying fees sucks, but it may or may not be in your best interest. Talk to some agents, than talk to some people who have hired that agent and get a figure that said agent would see as realistic target price point for your property. Look those agents up online.

If I have that much money on the line, I'd absolutely be completely exhausting every possible avenue to where I at least could say to myself that I did everything I could in the situation. I'm honest here when I say if I am not completely satisfied, I'd fire the **** out of whoever agent. I evaluate people working for me very strongly and am anything but scared to make a change.

I'm not a super genius or anything close to that, but I'm just naturally apprehensive in nature and I always evaluate everything to death and while it's helpful it can also be a curse.
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Old 09-16-2018, 07:31 PM   #83
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Quote:
Originally Posted by BigRichard View Post
Already know what I have to do to sell it and have done the research on the value. I had one simple question which several geniuses on here can't seem to comprehend(not aiming this at you). They seem to think this is the only place I come to ask for advice and/or do research. Chiefsplanet does have a lot of people that tend to know some things about a variety of topics. Apparently this isn't one of them.
I hear you. Good luck with it.
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Old 09-16-2018, 07:41 PM   #84
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Quote:
Originally Posted by Bugeater View Post
Well here's my deal, I've only bought one house in my life, and it turned out to have some very significant electrical issues and we should have never been allowed to take possession of it as it was. And I place that blame squarely on my buyer's agent. She recommended the inspector, and then the electrician that made some repairs, and I know that between the two of them, one, if not both, were aware of the other issues. There's no way they could have not been as the electrician was working in the same area they were in, and for whatever reason, they were swept under the rug. I put my trust in her and I got ****ing burned badly. Hell we're lucky the place never burnt down because of them.

So no, I don't hold realtors in very high regard. I know it's wrong for me to base my opinion off of one bad experience, but a home is the single biggest purchase most people make in their lives. And we did everything right that time, and still got screwed.
The agent I used gave me a list of inspectors with prices and an average of how long it takes for them to work me in their schedule. I then called each of them, told them I would be there and would want to know about everything that they find and they would have to show it to me as well as explain to me why it is not correct or up to code. I explained that I would get in the crawl space and attic with them as they did their inspection and would have questions as we went along too.
I ended up going with the person that didn't mind that idea at all and understood that this was probably the largest investment that I was going to make in my life and I wanted to be fully vested with knowledge as well as financially.
It turned out that the home inspector was also the city building inspector.
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Old 09-16-2018, 08:47 PM   #85
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The agent I used gave me a list of inspectors with prices and an average of how long it takes for them to work me in their schedule. I then called each of them, told them I would be there and would want to know about everything that they find and they would have to show it to me as well as explain to me why it is not correct or up to code. I explained that I would get in the crawl space and attic with them as they did their inspection and would have questions as we went along too.
I ended up going with the person that didn't mind that idea at all and understood that this was probably the largest investment that I was going to make in my life and I wanted to be fully vested with knowledge as well as financially.
It turned out that the home inspector was also the city building inspector.
That was 20 years ago, and I didn't have the knowledge I do now so I had to put my trust in them. I mean I could have poked around myself, but I didn't feel like I should have to anyway. But believe me, next time around things will be a lot different. I probably won't even bother with an inspector, I'm pretty sure I know more than most of them.
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Old 09-16-2018, 10:02 PM   #86
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Quote:
Originally Posted by Bugeater View Post

So no, I don't hold realtors in very high regard.
Some of them want the close too badly. Or more than the best interests of their client. On my Florida home, I didn't like when the realtor got all huffy when I wanted to use an inspector. She actually told me that they weren't used in Florida. I ignored her on it but still, it caused me concern. I didn't get screwed though. Home passed inspection just fine.
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Old 09-16-2018, 10:09 PM   #87
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That was 20 years ago, and I didn't have the knowledge I do now so I had to put my trust in them. I mean I could have poked around myself, but I didn't feel like I should have to anyway. But believe me, next time around things will be a lot different. I probably won't even bother with an inspector, I'm pretty sure I know more than most of them.
It should be practice now that a scrupled realtor offers multiple providers for anything that comes up as a consequence of buying or selling a house.
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