Quote:
Originally Posted by Sect7G
Congrats on home ownership. I was so proud when I bought my first house and I'm sure you feel the same.
Quick tip for the future. Don't ever use a realtor as it costs you leverage. Buy your next house through the listing agent who works for the seller. By doing this the listing agent gets the full commission and therefore has huge incentive to convince the homeowner to accept your lowball offer. Not selling to you could cost the realtor 2.5% of the commission if another buyer uses their own agent.
What lowball offer? OP doesn't make lowball offers. He places high ball offers and then goes all in on the first home he falls in love with even though it's clearly not in his best interest.
I think going without an agent varies from state to state (and broker to broker). Here if you don't have an agent the listing agent will often refer you to use another agent from the same office.
Quote:
Originally Posted by Sect7G
Cliffs: These people are the scum of the earth who serve themselves and not the homeowner.
I've met many real estate agents over the years and I wouldn't say they are the scum of the earth. I've met many poker players over the year and unfortunately I can't speak so kindly of them.
Quote:
Originally Posted by Sect7G
Bonus tip: When you sell this house to buy a bigger one within 7 years (mark my words, you will) use a realtor and lower your commission to 4% if 5% is the standard and he will agree because you will give the impression that you will use him to purchase the house that you are moving to. But then you double cross him and not use him by going direct to the listing agent.
Or what could happen is the best agents will turn you down and you'll be stuck with a **** agent that will mismarket the property allowing someone like me to swoop in and buy it at a 20%+ discount to what it should sell for. Thanks for the free money.
