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Post by GaryS on Mar 26, 2024 6:06:07 GMT -5
I think we will soon see a new era of AI driven startups that will handle all the paperwork, disclosure, everything up to the title agency for a fee. I do not need an agent to buy a house, I just bought one and only used the agent because the owner was a bitter nasty woman (she served her dying husband divorce papers on the day he died) who had killed 6 previous buyers with her unreasonable demands. I took him to the house, said offer this much, close in 15 days, 50% down, and be charming but tell her no negotiating you have one chance at this offer. For that he got 3%, which I think was a gift. In most cases an adult buyer and seller should be able to have a conversation about price, agree, start the paperwork. Until you find out all the hidden things you never thought about asking about. A lot of buyers look at a piece of property and have no clue how many things can go wrong. It is probably the biggest purchase of their life and need all the help they can get. Sometimes a Realtor is the right person to help. Sometimes they aren't.
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Post by madm002 on Mar 26, 2024 7:06:25 GMT -5
I think we will soon see a new era of AI driven startups that will handle all the paperwork, disclosure, everything up to the title agency for a fee. I do not need an agent to buy a house, I just bought one and only used the agent because the owner was a bitter nasty woman (she served her dying husband divorce papers on the day he died) who had killed 6 previous buyers with her unreasonable demands. I took him to the house, said offer this much, close in 15 days, 50% down, and be charming but tell her no negotiating you have one chance at this offer. For that he got 3%, which I think was a gift. In most cases an adult buyer and seller should be able to have a conversation about price, agree, start the paperwork. Until you find out all the hidden things you never thought about asking about. A lot of buyers look at a piece of property and have no clue how many things can go wrong. It is probably the biggest purchase of their life and need all the help they can get. Sometimes a Realtor is the right person to help. Sometimes they aren't. I agree that there are buyers that need hand holding, no question about it. But it should not be a requirement for everyone, but an option for those who need help, and they should pay for it.
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Post by Captj on Mar 26, 2024 8:35:07 GMT -5
Until you find out all the hidden things you never thought about asking about. A lot of buyers look at a piece of property and have no clue how many things can go wrong. It is probably the biggest purchase of their life and need all the help they can get. Sometimes a Realtor is the right person to help. Sometimes they aren't. I agree that there are buyers that need hand holding, no question about it. But it should not be a requirement for everyone, but an option for those who need help, and they should pay for it. Exactly!
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Post by GaryS on Mar 27, 2024 6:21:54 GMT -5
Person selling the house is the one that decides. Once the sign a contract it is written in stone. The contract even says who is going to get paid what. You don't like the contract go someplace else.
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Post by mariah8 on Jul 16, 2024 8:35:09 GMT -5
It's important for buyers and sellers to understand these costs upfront The recent settlement by the National Association of Realtors to change longstanding commission policies marks a significant shift in the real estate industry. By eliminating the requirement for upfront compensation to buyer's agents, this move aims to foster fairer negotiations and potentially lower costs for home sellers. For more details, check out this blogpost, addressing concerns over artificially inflated commissions. as they can impact the overall expenses involved in buying or selling a property.
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