Greedy whore dual agents - what are the cons anyway?
invite response
2012 Feb 8, 2:23pm 31,618 views 58 comments
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You don't need an agent, but you should familiarize yourself with practices in that region. That way, if you decide to flaunt the customs, you can do so without looking silly or insulting anyone (unintentionally). In my area, three things I can think of that may not apply in other municipalities are local transfer tax, sewer lateral inspection, and RECO. Not a huge deal (well, a 1.5% local transfer tax is a non-trivial amount), but you had better be prepared if you don't want any surprises.
A couple years ago I sold a house on Craigslist and it was the first time I ever sold real estate. The title company knew all about the local customs and whatnot and the buyers loan agent helped him out with all the purchase stuff. Any questions I had were answered with a quick phone call. The sale went through without any big pitfalls. It really was not that complicated and I would do it again in a heartbeat. If you use a standard purchase offer everything is spelled out on who pays what and any contingencies. I don't see a reason for a buyers or sellers agent. Because most properties are available through a sellers agent you pretty much have to play the game. Hopefully someday real estate agents are phased out.
Urgent ---
Can the seller's agent represent more than one buyer ?
I really liked one house and I want to buy it. I am trying
to use seller's agent to buy the house but it seems that
few other buyers approached him. He didn't mention it
but he is trying to show he is all ethical (bullshit). He is also
not offering any cash back. HE wants to keep all 6 percent.
Bast****. ALSO not willing to negotiate the price. I am just
wondering if he is just trying to represent more than one
buyer and trying to squeeze the money.
Patrick
2012 Feb 20, 9:45am
Ah, the Nigerians. I once misspent a whole day at work laughing while reading this site:
http://www.419eater.com/html/hall_of_shame.htm
No, I take it back. That was one of the best spent days of my entire life.
APOCALYPSEFUCK is Tony Manero says
Here's the way it works.
Buyer's agent called seller's agent.
BA: Hey, what you got?
SA: Typical asshole. Think they're owed 10x the bubble price because they got in before Christmas 2006.
BA: The wife blow you?
SA: Twice. Then the husband shows up with a jar of Vaseline. I called the cops. Wife's kinda nuts. Lotta teeth.
BA: I know.
Please no stupid comments. I need serious advice.
Malkovich
2012 Feb 20, 12:34pm
APOCALYPSEFUCK is Tony Manero says
BA: Hey, what you got?
SA: Typical asshole. Think they're owed 10x the bubble price because they got in before Christmas 2006.
BA: The wife blow you?
SA: Twice. Then the husband shows up with a jar of Vaseline. I called the cops. Wife's kinda nuts. Lotta teeth.
Nice. Fucking comedy gold! Tony, are you familiar with the Redfin forums? They really, really need your commentary. Way too sleepy over there.
If you can carve out any time in your busy schedule, please pop on over there and make a few comments. :)
Malkovich
2012 Feb 20, 1:36pm
APOCALYPSEFUCK is Tony Manero says
Posted a couple of items. Seems really earnest over there.
Do Realtors® run the show at Redfin Forums?
Not sure. Not much action on those forums so the only time I head over there is after absorbing every word of Patnet, Reddit, SFgate, and my work emails many times over. Things definitely need to be shaken up in that yawnfest.
uomo_senza_nome
2012 Feb 20, 11:38pm
He is also
not offering any cash back. HE wants to keep all 6 percent.
Remember he has to give a portion of what he makes to the broker too. Also are you sure he's the listing agent? Often times, the listing agent company sends another agent -- who will be a buyer agent representing you in the transaction :). you may not want a buyer agent, but still you may get one.
ALSO not willing to negotiate the price. I am just
wondering if he is just trying to represent more than one
buyer and trying to squeeze the money.
I think he's playing hard ball because more than likely -- he does have other legit buyers who are also interested.
gregpfielding
2012 Mar 21, 6:33am
APOCALYPSEFUCK is Tony Manero says
Do Realtors® run the show at Redfin Forums?
Redfin runs the Redfin forums. And they are are real estate brokerage.
leo707
2012 Mar 21, 6:39am
May I suggest you read Donald Trump's "Art of the Deal" and tell me4 how well he has treated others in his climb to the top. I don't think he is bothered by what is coming around.
PROFEESIONAL BUYERS AGENT - INVESTOR - SALES ASSOCIATE - PROPERTY MANAGER 35 years experience
You mean the guy who managed to bankrupt a casino?
He was born with a silver spoon in his mouth, cash stuffed into his pockets and filled his first diaper with diamond studded meconium.
Yeah, that was a really difficult "climb" to the top.
Then there is also this:
http://www.salon.com/2011/04/18/donald_trump_net_worth/
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Please bear with me as I've just got home from watching The Descendants (slightly depressing) and having a few beers at Thai Stick on Fillmore...
So.. I've been closed out from a few deals this year. Mostly duplex short sales.
I've noticed a couple of these sales have been dual-agent.
My question: What are the possible cons of using the selling agent and taking advantage their greedy whore-like tendencies to secure a sale for oneself?
I mean, any offer letter I would write (or have the greedy whore selling realtor write) would include an condition contingency. I would have my own inspectors check out the property.
I could give a fuck if the greedy whore makes double commish. And it if helps me get a good deal on an owner-occupy duplex then, whatevs.
Or am I missing something? Comments welcome.
#housing