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Welcome back, Scott C.
Funny you should recommend buyers using an agent vs. sellers. The board seems to be running unanimously in the opposite direction: they recommending sellers using an agent, while buyers use a good RE attorney to look over the contract.
I have far less experience than most of the people on this board, many of whom have bought and sold homes several times, but this seems to make more sense to me. I can't really see what value a buyer's agent brings to the transaction, other than take his cut of the 5-6% commission (which of course makes the seller's agent reluctant to steer their clients to you). Both agents don't get paid until a sale is made, and both get paid based on a % of the sale price, so basically BOTH are really representing the seller's interests (getting maximum $$ for the place).
Posted before I refreshed the screen and saw Headset's reply --we basically said the exact same thing.
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Have you noticed the number of "For Sale By Owner" listings in your neighborhood? Chances are, they're popping up more and more. Websites like FSBO.com and salebyownercalifornia.com are becoming as common as condoflip websites were less than a year ago.
Why is everyone so quick to sell on their own? Is it because they're greedy and don't want to pay the realtorâ„¢ commission fee? Or have the realt-whores finally pi$$ed everyone off?
What's your opinion on the whole thing?
#housing