patrick.net

dadab, the agent can give you back anything they wish. But are they willing? That's the question. Remember that the 1.5% they get, a portion will go to their broker as well. I've seen many listings offering 2.5% to the buyer agent only. About hiring the listing agent to be the buyer agent; that's tricky. I've generally seen agents double dipping simply because they are money hungry. Many listing agents actually refer you to their colleague (maybe for formality) if you approach them offering a double dip opportunity. It really depends on the agent.

But I recommend using your own buyer agent if you want commission back. Buyer agents are generally struggling because buyers are all on the sidelines and are frustrated at the market. They'd rather earn less than nothing. Get the listing agent to be your buyer agent if you want some strings pulled for you with bank owned/short sales. If you choose to do this, remember nobody is on your side. Read everything you sign, and do your homework.

Vain says

If you choose to do this, remember nobody is on your side. Read everything you sign, and do your homework.

If i have my own inspection and financing what else can be risky?

^ liens, CC&Rs dropped on you at the closing table, dunno what else.

I slag on realtors but if I was buying in a new area (like say rural Colorado) I'd pay the 3% for the advice.

Of course, good lots have fallen to under $100,000 there so that's not much of a fee to pay.

The title company runs a check on the home, both initially and right before the closing. Liens and CC&R's are disclosed at that time. You can approach a seller fsbo, make your offer subject to whatever you'd like to try (in this market, if you're reasonable you're IN!) such as subject to passing inspections - including termite - and subject to an appraisal supporting the sales price.

If you believe that you need something beyond that, pay for a re lawyer. Realtors aren't worth anything at all, which is why so many are out of work. if you're offering on a house that's listed, you probably can negotiate the commission way down. They're losing their asses on short sales and foreclosures.

You can also make an offer on a house that's listed and go around the realtor, if there's a problem it's the other party's problem and not yours.

As I've mentioned many times, when I sold fsbo, had accepted the offer and the deposit was at the title company in escrow, the buyer's realtor for their home called me to negotiate a commission. I told him to go fuck himself, seeing as how I'd never met him and he had nothing to do with the transaction. The buyer was stupid enough to sign some type of contract and paid him outside of the sale. But he was a pain until I threatened to file a restraining order.

He's now bankrupt and looking for work, hasn't sold anything for 3-4 years. But he still introduces himself as a realtor (or so I'm told).

Troy says

^ liens, CC&Rs dropped on you at the closing table, dunno what else.
I slag on realtors but if I was buying in a new area (like say rural Colorado) I’d pay the 3% for the advice.
Of course, good lots have fallen to under $100,000 there so that’s not much of a fee to pay.

btw, if this happens with a realtor or without, it's resolved. Realtors are useless.

dadab says

Vain says

If you choose to do this, remember nobody is on your side. Read everything you sign, and do your homework.

If i have my own inspection and financing what else can be risky?

Ideally everything will be okay. Just be alert just in case. It doesn't mean you shouldn't be alert though if you have a buyer agent.

Thanks guys! I started this thread to gather ideas of maximizing buyers rebate. That's all. I conclude that I should somehow invite 20+ realtors(r) at my place and ask all of them 1 question. What rebate each of you have to offer me for my transaction?

dadab says

I conclude that I should somehow invite 20+ realtors(r) at my place and ask all of them 1 question.

First clear the room of anything that can used as a weapon.

Cautious1 says

dadab says

I conclude that I should somehow invite 20+ realtors(r) at my place and ask all of them 1 question.

First clear the room of anything that can used as a weapon.

Good idea. Hehe.