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Sarah
Joined: 08 Sep 2006 Posts: 1
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Posted: Fri Sep 08, 2006 5:06 am Post subject: Why do people choose to buy or sell with out a Realtor? |
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| What is the motivation for a buyer or seller to purchase or sell Real Estate with out the assistance of a professional? For sellers it is mainly due to the commision? Buyers don't have to pay for the services provided by a Realtor so why not? |
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Bill8362
Joined: 15 Sep 2006 Posts: 6
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Posted: Fri Sep 15, 2006 12:59 am Post subject: Why do people choose to buy or sell with out a Realtor? |
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| Normally buyers use a realtor.It is rare for a buyer not to use a realtor.http://www.flippingtraining.com/.. |
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massimo
Joined: 21 Sep 2006 Posts: 5
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Posted: Thu Sep 21, 2006 8:51 pm Post subject: Why do people choose to buy or sell with out a Realtor? |
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| To cut out the middle Man for more profits. |
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bostonianinmo8062
Joined: 28 Sep 2006 Posts: 2
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Posted: Thu Sep 28, 2006 4:43 pm Post subject: Why do people choose to buy or sell with out a Realtor? |
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| Sorry, but buyers DO pay for the services of a realtor, indirectly at least since the commission factors in to the sales price. Many FSBO sellers won't pay a split so an agent would be useless for the buyer of the property unless they agreed to pay for the agent's services themselves.The reality is that agents are limited in the service that they can provide. The can facillitate communication between buyer and seller and arrange showings, handle listings, etc. They can't give legal advice and by default always represent the seller in any negotiations unless there is a specific buyer's agent agreement in force.If I'm looking at a FSBO I'm going to use an attorney to pull the deal together, provide advice, and probably handle the closing. What use would I have for a real estate agent? |
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MaureenFrancis
Joined: 05 Oct 2006 Posts: 4
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Posted: Thu Oct 05, 2006 12:36 pm Post subject: Why do people choose to buy or sell with out a Realtor? |
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| Yes, the intent is usually to cut out the middle man because they think they will save money. Statistics have shown that homes where a Realtor was involved sell for much more than the difference of the commission. At least in Michigan, the buyer's agent is most likely working for the buyer if they have signed an agency disclosure or a buyer's agency agreement. The buyer could end up paying the commission if an agreement was signed and the seller refuses to pay.Some people prefer to do things on their own. I used to try to do my own investing using etrade and discount brokerages. Then I realized I did not have the time or the expertise to do that as well as a professional. My decision to do it myself cost me a lot of money. Now I am glad to pay a broker because I make a lot more money with him handling my investments. |
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RealCash
Joined: 12 Oct 2006 Posts: 3
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Posted: Thu Oct 12, 2006 8:28 am Post subject: Why do people choose to buy or sell with out a Realtor? |
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| Believe it or not some buyers don't know they don't have to pay and the realtor can only represent them and yes commission is #1 why sellers don't use a realtor other possibilities are they might have had a bad experience before or they might think they know what they are doing and don't know there are alot of other negoriations, contracts, etc and items they must pay at closing When people don't trust someone they don't know they feel they are beind swindled Buyers may think they can get a lower price without the seller having to add a commission to the price |
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sharon333
Joined: 25 Nov 2008 Posts: 5
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Posted: Tue Nov 25, 2008 6:39 pm Post subject: |
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| I think it is because they make more money. |
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willims123
Joined: 20 Jan 2011 Posts: 5
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Posted: Sat Jan 22, 2011 3:55 pm Post subject: |
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| Its due to the reason that everyone wants to save money..a buyer or seller when goes through a Realtor will have to pay a certain amount of money to him as commission...But if in case a seller finds a right buyer for his commodity , they can do a transaction without the Realtor and it becomes a win win situation for both.. |
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kayappelo
Joined: 31 Jul 2011 Posts: 1 Location: Trinidad and Tobago
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darellkonner
Joined: 25 Jan 2012 Posts: 11 Location: fds
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Posted: Wed Jan 25, 2012 11:34 am Post subject: |
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| The reality is that agents are limited in the service that they can provide. The can facillitate communication between buyer and seller and arrange showings, handle listings, etc. They can't give legal advice and by default always represent the seller in any negotiations unless there is a specific buyer's agent agreement in force. |
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