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?

Step 1 - Post a thread in the middle of a game.
Step 2 - Get absolutely no responses and get buried after the post game reaction.
Step 3 - Profit.

Exactly :D

Cheap ass ****ers.

You must be an Alex Smith loyalist

I hope you aren't being serious? Why would I pay for something if I don't need to? Especially something that usually ends up being thousands of dollars.

Kinda curious about this myself as we're wanting to put ours on the market soon. Even in a slow market homes in my area pretty much sell themselves. I'm also wondering if buyers expect a lower price on by owner sales since they know the seller isn't paying commissions.

Why should we pay a seller's agent thousands of dollars just to throw it in the MLS and wait for a sale?

I'm guessing he's a realtor.

Yeah because that is all they do is just sit and pray for a buyer. :rolleyes: Other than all the money they pay in advertising.

Do you normally pay thousands for something you don't need?

Yes

my wife is an agent. She says no Buyers agent will want to show the home to a client knowing they wont get paid and have to cover their owns fees.

Good luck.

For every one time that works there’s 500x it doesn’t.

Use Redfin or something if you can and want to save money. Doing it yourself is like trying to be the 1 in 1,000,000. Really.

LMAO

Why not just list the house at a slightly higher price than what you actually want, and then don't bother with refusing to pay a buyer's agent? You could avoid this problem completely.

Mahomes with the most TDs thru 2 games in NFL history.

What does this have to do with my house? :# :D:D:D

The agent would get paid, it would just be from the buyer and not me.

Seller always pays the fees. Your the one with the product. The agent is doing you a favor and bringing you a buyer and you want to try and hose them over?

Once again, the agent gets paid it just wouldn't be me paying them. If it is true that seller always pays fees then I will just post it as nobody with agent need apply.

Seller always pays fees... where is that written? That is more or less the question. Legality vs how you feel about something.

As long as it is legal, I can do whatever I want.

That is not true. Especially in this market.

That is really the question, is it legal for me to state that the buyer has to pay his own agents fees? My wife said they looked it up when they sold their moms house and you couldn't do that but I can't find anywhere it says you can't.

Well like i said earlier, this would deter alot of buyers agents from showing the home to clients then.

You're going to have a harder time, but it's doable. It really depends what you think your house is worth.

If you have to ask this question in the first place, you're probably better off letting a professional sell your house.

Uhhh no but thanks for your help.

The normal % that a realtor gets or splits is either 6 or 7. So you are asking that the buyer pays your $100k and then also pays the other $6 or $7K. Why not just ask for $110,000 and not have to worry about any of the BS and have a licensed professional cover your ass because you are most likely not knowledgeable with all the legalities.

The Realtor fees are ludicrous if the sale price is high, so it's tempting. However, I'll confess that if I see a "For Sale By Owner" sign, I assume that the house is overpriced.

If your area really is a seller's market there is no reason to list it at first. We sold our first house on our own after posting it in the newspaper. It sold the first day.

We hired a lawyer to handle all the paper work. He charged $125 and the ad in the paper was like $150 for two weeks. That was in 1996 though.

Well, when you get taken to the cleaners, make sure to come back here for advice so you don't have to pay a lawyer....

See if OPENDOOR is operating in your area. Look it up.

Also, selling house is a huge Pain in the ass. The paperwork, inspections, escrow, etc. That's why agents make the money. If you want to go through all that yourself, then go for it, but "its easy" is not really taking into account all the information.
The best way for you to do this would be to have a cash buyer with no contingencies on the purchase. This happens her win California where you have .com billionaires buying homes for their kids as wedding presents, but not sure about where you live and what shape your home is in.

A lot depends on where you are. I’ve bought 5 properties and sold 2 in the last few years and I would never try to skip the agents in California because property sales are way more complicated here, but I did do a no agent buy in KC because Missouri is very flexible on sales. We didn’t even need a lawyer. We used a boiler plate sale template I bought at Office Depot and paid for title and other services as we went. It works great if both sides feel they are getting what they want. The price was definitely below an agent repped deal for that very reason and we discussed that clearly while settling on the sale price since we weren’t doing offers and counter offers like with an agent deal.

I've done both. An agent makes it exponentially easier and faster. And for more money.

Yes, maybe you didn't read the OP. The wife already did this once. It isn't that difficult genius. I can easily say no agents if that is what it needs to be.

What is the asking price of the home you are selling?

The market here is so awesome for the sellers. The average day on market in our neighborhood is 4 days. My wife's mom's house had a sale without listing it at all just about 6 months ago. They just listed an estate sale and people came out of the wood works to buy it. Had a buyer lined up in a few weeks and had it closed on in just a couple of months from when they did the estate sale.

Why would the buyer or the buyer's agent want to get into that? Even if the agent was okay with it, soon as he tells the buyer that the buyer will be paying realtor fees, he'll be fired before he can even finish the sentence.
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I think I will list it at 210k. All my research says that is towards the top end of what I could get but my house has a lot of new shit and it has been updated very nicely.

I don't think you realize how hard it is for the buyers right now in my area. They can't even get into see houses because the day they are listed they are sold. People are paying premium prices for houses in my area and they will do just about anything to get into them. There are people posting everywhere looking for houses in my area. It isn't really the other way around.

Edit: This is exactly why we are selling now. It is actually a little ahead of when we wanted to sell it but because the market is so awesome for us we figured **** it, we can live in an apartment for a while if need be. Don't want to miss out on the money train.

That's how it was in my area when I bought 2 months ago. If my realtor was trying to get me to pay his fees, I'd have either not went to see the house or tried to get another realtor.
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OP, it sounds like you've clearly made up your own mind and I really don't know why you've made a thread.

Hire an agent and list it for 220k. If the market is as hot as you say it is, the house will still sell quickly and you still take home the same amount of money.

LMAO Asks for advice, and when everyone tells him he shouldn't do it, just says "**** it, doing it anyway."

People fsbo their homes in high-demand areas all the time. Look up your area on Zillow and see what it’s like in your market. It sounds like you are starting from zero knowledge since you are asking on CP. Find someone who’s done it, get advice and recommendations on an experienced fsbo attorney. Post it to Zillow, sign advertise. In a hot market finding a buyer isn’t hard, getting all of the sale terms and docs is and you can screw yourself royally and end up wishing you’d have paid the realtor.

I mean he can walk up and punch buyers in the face and they will still hand him a blank check and ask that he writes down whatever amount that satisfies him into the line and submit

The question wasn't whether I was going to do it without an agent, that was already decided. The question was on the legality of making a buyer pay his own agent fees. I don't know if it is legal or not but from what I have been reading I believe it is. If it isn't legal I can simply just say we won't accept people with an agent.

Don't be a hero

hahaha ok good luck to you than man

Sounds like a strong ass plan! I too would tell 95% of the buying market to lick a bag of dicks, too.

Did you even read the ****ing question geniuses?

No, we read the OP and following posts. That's why we're making fun of your stupid ass.

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.

Please show me where I asked if I should list with an agent genius? Seems like there is some reading comprehension problems for ya.

We're going to be looking to get over $200k for ours as well, and yeah, $12-14k is hard to justify when houses are selling themselves. I'm sure I could find a buyer just by putting a sign out front. And if someone thinks it's overpriced...well, try to find something else like it in this area. There really isn't anything comparable. We're in about as good of a location as there is in Omaha.

LMAO

Yeah dude, your plan is ace as ****. Tell the buyers with agents to **** off.

Why would you intentionally drive down the pool of potential buyers?

ROFL This is funny. Good luck bro
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Who is the stupid ass?

Haha yeah. This some great shit.

I love the people on here who have no idea about the market here Bug.

Two people on my street already sold theirs just in the last few weeks selling it themselves. My other neighbor is waiting to see what I get cause he is planning on doing the same thing. It is unreal how easy it is to sell a house in our neighborhood.

Do you think you live in the only seller's market in America? Everyone else is ignorant about what goes on in one?
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Hey ****o, my brother in law once loudly masturbated while showing a house and sold it. Let me tell you why you're stupid, actually. No it's ok, I clearly know more than someone that has bought and sold houses every day for a long period of time.

I know, it's crazy. I have people telling me I shouldn't even bother fixing anything....I'm not sure it's THAT hot. I have half the basement tore up.

I just hope it stays this way long enough for me to get it in decent shape.

I mean, your "question" is answered by common sense. Can I tell a buyer he's responsible for his own fees? Yes. Will any buyer/agent actually do that? Not likely. You're eliminating the people using agents to buy their houses from your potential pool of buyers. If you're in a hot enough market to do it, then just do it. Embrace your inner Kaepernick.

Yeah, I already got mine all fixed up and ready to go. Like I said, we are doing this a little sooner than we wanted to but we just couldn't wait much longer with how hot things are right now.

A lazy ass agent is someone that lazily lists your house on MLS, sticks a sign in the ground and just signs paperwork in the end. That's somebody you fire before it ever gets going. A great agent will get more for your house than you'll be able to and has a great network of people to maximize the value and that value will exceed the 10'ish percent in fees.

A super friendly sellers market just means a great agent will get you even more

We're also looking to relocate and nowhere near ready for it, but like you, for the right price I'd let it go and live in an apt. We'd be putting stuff storage for a while anyway.

This is going about as well as your drunk driving to Taco Johns thread.

What's your advice for how to identify that agent ahead of time? Obviously you're in the industry...

Oooh... that stings. ROFL

LMAO I think I got my first neg rep in that thread which is why I remember it.

Anyway, hope it works out for you.

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.

I don't think I would have given it to you. I am trying to remember if I have ever given anyone neg rep.

In Boston area things were selling like hot-cakes with people offering more than listing price even. So I tried to do without an agent and didn't get good bites. One I got was a Pakistani who said all the wiring had to be redone, which was nonsense. He was just doing that to justify his low ball bid as if he was in some bazaar in Islamabad. Switched to an agent, and it sold in about 2 days for asking price and no less.

Then on another, a neighbor made an offer in under 2 days, but the then-hubby had hired a friend as an agent and didn't know yet. So had to give the commission to him. Don't think I needed an agent for that one.

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.

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.

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?

Recommendation from a family member. :shake: