In the 'olden days' my mom used to drive around looking for 'For Sale' signs and then make of us kids jump out and grab a sheet of paper with all the house's details from the tube hanging down from the sign. 😆
" If you don't use a buyer agent, the commission will go to the listing agent." This is how the Realtor Cartel works. They sneak this clause into the seller contract. Making you as a buyer to HAVE to use an agent. And then once you are in contract with a buyer agent, you are stuck with them. This has all the predatory behavior of a cartel.
Same. After already going through the home buying experience with an agent, I don’t feel like a buyer’s agent honestly serves a purpose. I’ve bought and sold a house, so I’m going without a buyer’s agent now.
I don’t mind hiring an agent to represent me to buy a house, however, I had to fire seven of them on the last three years. They’re pushy, they lie, they give me low estimates on repairs, they try to convince me to pay more because otherwise somebody else may buy the house (which I don’t care), and become pushy to buy a house in locations where I don’t want to be and on anon. 99.9% of them are crooks but this guy seems really honest. I would’ve hired him if he was in my state.
you just have the seller meet you at the escrow company. Tell the escrow officer you want to do a FSBO transaction they get title insurance, the loan officer is the one who does most of the work anyway. submit your paperwork and close on the close date.
I am going through this situation now, a realtor in CT tried to push a buyers contract on me without even meeting her in person yet. Showed it to an attorney and the language the brokerage eluded to the buyer being responsible to pay 3% to the buyer's agent and it was due even if the house wasn't introduced by them. I asked if the wording could be changed and was met with a big NO. Found this video as I've decided to purchase without an agent and not deal with that hassle.
You DO NOT have to sign that contract, ask for a unrepresented person disclosure, that's all you need legally in CT for them to show houses but most good confident realtors don't even ask for that either.
How is this a video about buying a house without an agent? Or was it just the title. The video basically covers why you should use an agent because it’s listed with an agent already. Great content but this one just tries to justify using an agent
Bought a new build home and used the builders agent. I got double the seller credits not having my own agent. I got all closing costs, prepaids and a buy down on the interest rate all thrown in at no cost to me. Not having an agent paid off and the agent, builder mortgage company and title company all were good about closing and being fair. I would never buy a house that way unless it were through a builder though. I got lucky.
@@nstaff1 that’s the thing. I didn’t pay anything but my down payment. The builder covered ALL closing costs including the commission and I got a lower interest rate. Nothing was rolled into my loan.
Currently buying a house with no agent. Maybe my situation is different, I went to a new community where they are building new houses and liked a house they had move in ready. They had great incentives and go it into contract. Perhaps this situation is different?
If Zillow /Opendoor /etc provides up to date house listing you can find a house. The contract will be the only difficult part and will require you to take time prior to house shopping to understand it all and what to look out for. If things are missing or added stuff.
So what I’m seeing in the area that I live in, which is Northern Virginia, people are going without real estate agents because the market is so hot. So the listing agent will fight for the sale with the person that goes without the real estate agent because they might make 4% commission on a $1 million home Versus 2 1/2% commission on that home. This is advantageous to them because in order to make the same amount that they would make doing a dual agency for the person without the real estate agent, the home would have to be listed for double the price or they would have to sell another home which is more work. So in a competitive market, this is good for the buyer because they will be more competitive for the purchase of the home and the sellers realtor will more likely push the seller to sell to me without the real estate agent since they will make almost twice the commission for that home.
I bought a house using Javier, your referral link. But as I was going through the home buying process, I became to wonder about conflict of interest. The real estate agent has an incentive to close the deal, sell a higher priced homes, rather than waiting out and selling a lower priced homes. Why is the system like this?
Respect for "answering" inquiries. I personally think there is a time and place for doing everything on your own, and purchasing real estate is not one of them. Lol to not promoting the agent listing... ha ha ha! Love it!
I have an urgent question if you could answer: I supposed to have settlement on the house tomorrow at 9am (I'm a fsbo). The buyer's agent sent me a text message at 7pm tonight that buyers want to have a walkthrough tomorrow at 8:15am and the title company where the settlement supposed to occur is not arround the corner, and it's during high traffic time. Is this normal? Thank you.
I notice you didn't mention what I consider to be a huge reason that you would want to represent yourself. In a hyper competitive market, self-representation now gives the selling agent a much greater incentive to have your offer be the one the sellers accept, because they would make significantly more commision. Is this simply untrue? Simple greed can be a powerful motivator.
Nice video! Some states will allow you to be unlicensed and represent yourself. You can then write up the contract as an agent and state that the seller is to keep the buyers agent commission. I’ve done this personally and only do it if you understand the real estate process really well.
The only problem is that usually for sale by owners want more than their house is actually worth. (That’s why those listings take months/years to sell. Bottom line, why go thru all that trouble. It’s not really coming out of your pocket as buyer especially if you’re able to negotiate a good deal.
Hi Javier, in this video you briefly touched on going in to buy a house with a real estate license. How does that change things? Can I now split the commission with listing agent in some form or another? And what are the pros and cons of taking this route? I am considering getting a license for this reason (and also to sell on my own). Thank you ~Peter
In a competitive market this gives you an edge. If someone offers 600 in cash but i offer 575, the seller agent is more inclined to push my offer through without an agent because theyll receive more of a commission. This can play in your favor. Buyer agents are glorified door openers
11:51 awesome video! As a buyer, do you mean to ask the buyer's agent up front that you dont mind a bit less service but have the agent only collect 2 or 1.5% instead of 2.5% from the seller?
I don't understand why the buyer doesn't just contact the owner and have them dropped the agent and then just buy the house in cash I also don't understand why there's a percentage onto the commission. It's still the same amount of paperwork. It's still the same amount of time showing the house. The process is still the same no matter what the house is no matter how much the house cost. That's why tipping is so ridiculous in the same sense. If you ordered a glass of water and ordered a glass of beer. Or ordering a cheese pizza or ordering a pepperoni pizza. The process of pouring it into the glasses is the same. The server isn't doing any extra work by bringing me the pepperoni pizza even though it cost more. It's totally ridiculous and should just be a flat fee. This type of video should have been more detailed. Such as okay you have cash or funds and this is how you find a house gangster style. He starts sending out letters to the houses that you want because everyone is for sale. Go to your local church and ask if anyone has a house for sale or knows of anyone. These are the paperwork that you need to download and fill out and this is where you go to record. It's always so hilarious how realtors never give actual real answers because it hurts their business or their niche just like how the power company hates the solar energy by fineing anyone who has solar panels but pretending they're helping people and the environment because they need to upgrade their systems and power grid. So even if it took a person 90 hours and two grand to get their listing agent license that sure beats paying 13k commission for a couple hours of work on a 500K home. And even if you didn't do that for a living you definitely could become a TH-camr talking about it and make a living.
It's not like buying a car private there is so many loops to know and jump thru. Also as a buyer your cost is tied up with your loan. The seller should be more inclined to sell with out a realtor however good luck with that.
FYI, not all states allow dual agency. So various areas of this video is not applicable to that. Maybe a follow content om states that don't allow dual agency and doing this.
maybe the question should be how to find a great agent? had an experience with one where I was basically told that he's not there to find me the very best deal...sounds to be like he only cared to get the biggest commission he could and didn't want to bother having to negotiate for me and walk away if I wanted and try again. that's the problem people have with agents. they make money off of you spending more so how can you trust them to have your best interest not their own??
I attempted to purchase a home last year and told the agent I wanted a place that had a yard and no HOA and sent links of places I had in mind. He sent me links to look at and they were all apartments with HOA which was the opposite of what I was interested in. He was hilariously bad at his job
Another issue is people get nervous and never make a deal just look. I felt bad I recommended my realtor to my parents because they looked at houses for almost 7 months….
At 6:04 minutes, can you have a real estate agent to show me the house on behalf of the buyer? Also you can make an offer without having an agent, specially if you are paying cash.
We are selling our home which is paid off no mortgage. We are not listing cause someone wants to buy it someone I know. They dont have a realtor and I dont have a realtor. So I guess their bank will require things from me.? Like appraisal and survey? Then their bank will req inspection? The bank will arrange the closing?
I feel like with all the searching and screening and stuff we do online these days, the sellers agent should really make more commission than the buyers agent...
Hey wassup Bossman, I came across one of your videos. I like the content fr 💥 man. My major is Computer Engineering, but I am Real Estate as well, basically a double career. As well as sports but I'm currently taking the 63-hour course then after I finish the course then that is when I will take the state exam to be licensed. If you see this comment could you please give any advice for me, I located in Florida.
@AntonAtan I told them I’m not paying and the guy who verifies signing I forget their name but he told me not to pay if I have proof and to call them on a weekday because we did this on Saturday I called Monday and they did a whole 3 day process to get back to me but in the end they didn’t make me pay anything because I had paper work that said $0 closing cost so moral of the story always keep paper work and print everything out
So I’m buying my friends house and neither of us need or want a realtor? So I’m trying to figure out what to do. We don’t want to do seller financing, I plan on getting a loan. So I’m trying to figure out my next steps
Decent video, I do have to say my wife and I tried your agent finding service and the lady we got hooked up with was not good. We figured she would get paid 10,000+ from working with us and we did almost all of the work. Really acted like a wet sponge and was just a yes woman but didn't guide us through the negotiating. Awful experience and we walked away from her after ING wasting the final good 3 months before rates climbed from 2.5 - 4+%
If you get a buyers agent they charge 3% On a $300,000. + 3% to sellers agent. That's $18,000.00. IN AGENTS Commission. if you reduce the offer from 300,000 minus 18,000 = 282,000,00 But you still have to pay 6% on 282,00 and that's 16.920 in commission. You only saved $1,080. Not a win for you. also some Agents will charge you on the listing price, not the negotiate price. Do the MATH!
You don’t answer how to buy a house without a realtor. You just said in a very long round about fashion that you should get a realtor or someone else will make the profit your realtor would have.
why go thru all that trouble? It’s not really coming out of your pocket as buyer especially if you’re able to negotiate a good deal. Maybe as a seller you might want to save yourself some money.
not true. i had many people trying to be my buyer agent and charging flat fees up to 25% the cost of the home. these would come out of my pocket and not the seller's pocket.
these videos are fairly silly. no one is going on zwillow looking to "save" the seller paid commission. It's when you find a house that is FSBO which... are give or take 15-20% of homes. and Often the ONLY way to find somewhat of a bargain on a home. that trying to navigate this process becomes the nightmare that it is. Primarily because every agent does this sort of misc bullshit song and dance of just making absurd scenarios that don't answer any of the direct questions. ---how do i write/submit an offer with contingencies so I as a buyer am protected. what do i need... in terms of a lawyer/title company. How or what do you do to ensure a seller is meeting deadlines. actually going to make it to settlement. IF you as a buyer have your financing and whatnot basically in order. ---like the best part of this video was the 5-10 seconds where he gave the advice to google "state real estate assoc home offer contract template" that's the first document you need. that's a great tip. It would have been nice if this video wasn't 11 minutes of rambling nonsense of trying to get over on the fee a seller pays anyway.
You can. Find the house online, make sure you are approved with a lender, reach out to the listing agent to see the house unrepresented (most agents don't mess with dual agency even if they are allowed), either find contracts online or hire an attorney to submit an offer, find a title/escrow company or use the seller's recommendation, negotiate, make sure you understand the contract and any information the seller may have entered, find an inspector, get an inspection, negotiate any repairs, understand your costs, do a walk through prior to closing and make sure repairs were completed, if any. Kind of a general outline, but certainly possible to do it on your own.
@@s48grouprealestate Thanks for that, we are retired currently looking at home in another state that has better values. Our home is almost paid off and the new home we are looking at is similar price of our home
This feature of knowning anything is dead because zillow algorithm doesn't share critical information. This is the end of useless jobs that anyone can do and so few know but thye dont want you to know.
@@omarmontoya-tu3ut Wrong. The buyer pays 100% of both agents’ commissions. The fact that both commissions are typically included in the sales price versus not makes no difference. All commissions are factored in to the price that the seller will accept and 100% of everyone’s money comes from the buyer.
Using a realtor costs nothing to the buyer when the seller pays the commission, which is most if not all the time. I don't know why a buyer wouldn't want someone representing them in one of the biggest transactions of their life. If they're that dumb I probably wouldn't want them as a client either.
The commission is baked into the price. In most cases these searches are about 10-20 tours per buyer, that's about 3-4 days of work + 8-10 hours to do closing process fragmented over multiple days. You're getting $20k in commission in a typical Atlanta home for 5 days of work that's standardized(all the papers) with placeholders + listing websites with public records for sales/comps/taxes/schools/etc visible to anyone. This whole buyer agent occupation has to be gone by now already. There's no value in $20k per purchase.
you say "which is most if not all the time." --- its certainly NOT all the time. buyer agent agreements often ask the seller to pay it above and beyond the purchase of the property out of pocket!
Many here have had bad experiences with realtors as well as used car salespersons. Most here are not as dumb as you suggest and is why they are here Einstein. Well done, can you please share the company you work with so I can make sure your company is avoided?
In the 'olden days' my mom used to drive around looking for 'For Sale' signs and then make of us kids jump out and grab a sheet of paper with all the house's details from the tube hanging down from the sign. 😆
Classic days
I forgot about that 😂
Those where the good ol days. B4 porn took over the world 😡
@@prickayeey8420That escalated quickly!!
" If you don't use a buyer agent, the commission will go to the listing agent."
This is how the Realtor Cartel works. They sneak this clause into the seller contract. Making you as a buyer to HAVE to use an agent. And then once you are in contract with a buyer agent, you are stuck with them.
This has all the predatory behavior of a cartel.
The US is ran by cartels. Starting with the bank cartel
Anywhere I can find more info on this? I’ve always had an icky feeling from real estate agents, but I’m not sure why.
This is not true for all states.
finally this is getting cleared up in june 2024
Is there a way to make sure this clause is not in the contract?
I'll become an agent just to buy my house!
This video has me wondering how to sell without a real estate agent
I've done this. Contacted the seller agent myself. Was a great experience actually.
Same. After already going through the home buying experience with an agent, I don’t feel like a buyer’s agent honestly serves a purpose. I’ve bought and sold a house, so I’m going without a buyer’s agent now.
I don’t mind hiring an agent to represent me to buy a house, however, I had to fire seven of them on the last three years. They’re pushy, they lie, they give me low estimates on repairs, they try to convince me to pay more because otherwise somebody else may buy the house (which I don’t care), and become pushy to buy a house in locations where I don’t want to be and on anon. 99.9% of them are crooks but this guy seems really honest. I would’ve hired him if he was in my state.
You can buy a house without a realtor. Use a lawyer and a title company.
you just have the seller meet you at the escrow company. Tell the escrow officer you want to do a FSBO transaction they get title insurance, the loan officer is the one who does most of the work anyway. submit your paperwork and close on the close date.
I am going through this situation now, a realtor in CT tried to push a buyers contract on me without even meeting her in person yet. Showed it to an attorney and the language the brokerage eluded to the buyer being responsible to pay 3% to the buyer's agent and it was due even if the house wasn't introduced by them. I asked if the wording could be changed and was met with a big NO. Found this video as I've decided to purchase without an agent and not deal with that hassle.
You DO NOT have to sign that contract, ask for a unrepresented person disclosure, that's all you need legally in CT for them to show houses but most good confident realtors don't even ask for that either.
How is this a video about buying a house without an agent? Or was it just the title. The video basically covers why you should use an agent because it’s listed with an agent already. Great content but this one just tries to justify using an agent
Bought a new build home and used the builders agent. I got double the seller credits not having my own agent. I got all closing costs, prepaids and a buy down on the interest rate all thrown in at no cost to me. Not having an agent paid off and the agent, builder mortgage company and title company all were good about closing and being fair. I would never buy a house that way unless it were through a builder though. I got lucky.
But they charge you 6% on a house that’s not even there yet
@@nstaff1 that’s the thing. I didn’t pay anything but my down payment. The builder covered ALL closing costs including the commission and I got a lower interest rate. Nothing was rolled into my loan.
Builder name plz, thanks
@@serenitypakistan2679 Lennar but I had to use their lender.
Currently buying a house with no agent. Maybe my situation is different, I went to a new community where they are building new houses and liked a house they had move in ready. They had great incentives and go it into contract. Perhaps this situation is different?
If Zillow /Opendoor /etc provides up to date house listing you can find a house.
The contract will be the only difficult part and will require you to take time prior to house shopping to understand it all and what to look out for. If things are missing or added stuff.
So what I’m seeing in the area that I live in, which is Northern Virginia, people are going without real estate agents because the market is so hot. So the listing agent will fight for the sale with the person that goes without the real estate agent because they might make 4% commission on a $1 million home Versus 2 1/2% commission on that home. This is advantageous to them because in order to make the same amount that they would make doing a dual agency for the person without the real estate agent, the home would have to be listed for double the price or they would have to sell another home which is more work. So in a competitive market, this is good for the buyer because they will be more competitive for the purchase of the home and the sellers realtor will more likely push the seller to sell to me without the real estate agent since they will make almost twice the commission for that home.
What if our family friend owns a home that we want to buy directly from them... both of us unrepresented by agents
Just go to the escrow company then
I bought a house using Javier, your referral link. But as I was going through the home buying process, I became to wonder about conflict of interest. The real estate agent has an incentive to close the deal, sell a higher priced homes, rather than waiting out and selling a lower priced homes. Why is the system like this?
🎯
Respect for "answering" inquiries. I personally think there is a time and place for doing everything on your own, and purchasing real estate is not one of them.
Lol to not promoting the agent listing... ha ha ha! Love it!
I have an urgent question if you could answer: I supposed to have settlement on the house tomorrow at 9am (I'm a fsbo). The buyer's agent sent me a text message at 7pm tonight that buyers want to have a walkthrough tomorrow at 8:15am and the title company where the settlement supposed to occur is not arround the corner, and it's during high traffic time. Is this normal? Thank you.
SoCal here. Bought my home using a dual agent. He definitely got a FAT paycheck. But I would like to think it helped me secure the home.
I love your videos bro...I based my whole buying a house experience based on your videos...great work!
I notice you didn't mention what I consider to be a huge reason that you would want to represent yourself. In a hyper competitive market, self-representation now gives the selling agent a much greater incentive to have your offer be the one the sellers accept, because they would make significantly more commision. Is this simply untrue? Simple greed can be a powerful motivator.
Makes sense ultimate incentive
All offers must be submitted to the seller and they select the best offer, it isn't up to the agent which one gets picked.
Nice video! Some states will allow you to be unlicensed and represent yourself. You can then write up the contract as an agent and state that the seller is to keep the buyers agent commission. I’ve done this personally and only do it if you understand the real estate process really well.
Is Texas one of those states
finding the house is the easy part
I think depends the state you can buy a house without realtor if the house is for sale by owner and he doesn't have one all you need is a lawyer
The only problem is that usually for sale by owners want more than their house is actually worth. (That’s why those listings take months/years to sell.
Bottom line, why go thru all that trouble. It’s not really coming out of your pocket as buyer especially if you’re able to negotiate a good deal.
Thank you! Great video, didn't know it was that difficult to buy a house without an agent. Keep up the great content!
It's super easy to buy an house without agents. This guy is just trying to keep his dying profession alive.
Can someone buy the house from the owner directly once the listing agreement with the seller's agent has expired?
Love your videos Javier! Your vibes are immaculate!
Hi Javier, in this video you briefly touched on going in to buy a house with a real estate license. How does that change things? Can I now split the commission with listing agent in some form or another? And what are the pros and cons of taking this route? I am considering getting a license for this reason (and also to sell on my own). Thank you ~Peter
In a competitive market this gives you an edge. If someone offers 600 in cash but i offer 575, the seller agent is more inclined to push my offer through without an agent because theyll receive more of a commission. This can play in your favor. Buyer agents are glorified door openers
💯 Love your video, keep up the good work!
Hey Javier, I have a question. Why does zestimate, redfin estimate and such dissappear as soon as a house gets listed?
The seller can choose to not have those estimates shown on their MLS listing
11:51 awesome video! As a buyer, do you mean to ask the buyer's agent up front that you dont mind a bit less service but have the agent only collect 2 or 1.5% instead of 2.5% from the seller?
Agents hate when you know you're able to negotiate commission costs...
I'm surprised. You actually seem "shifty" in this clip.
You are a good guy You reveal...realty is dark business.
How does this information change with the new laws in place regarding agent fees?
The double ended Deal. Lmao😅 love it 😂
Does the 2.5% you pay your Agent(Buyer) go towards down payment or is it just Out of pocket and doesn't go towards the down payment
doesn't go towards the down payment
Great explanation! It would be really interesting to see how this all would change with the NAR lawsuits that are coming through
I don't understand why the buyer doesn't just contact the owner and have them dropped the agent and then just buy the house in cash
I also don't understand why there's a percentage onto the commission. It's still the same amount of paperwork. It's still the same amount of time showing the house. The process is still the same no matter what the house is no matter how much the house cost. That's why tipping is so ridiculous in the same sense. If you ordered a glass of water and ordered a glass of beer. Or ordering a cheese pizza or ordering a pepperoni pizza. The process of pouring it into the glasses is the same. The server isn't doing any extra work by bringing me the pepperoni pizza even though it cost more. It's totally ridiculous and should just be a flat fee. This type of video should have been more detailed. Such as okay you have cash or funds and this is how you find a house gangster style. He starts sending out letters to the houses that you want because everyone is for sale. Go to your local church and ask if anyone has a house for sale or knows of anyone. These are the paperwork that you need to download and fill out and this is where you go to record. It's always so hilarious how realtors never give actual real answers because it hurts their business or their niche just like how the power company hates the solar energy by fineing anyone who has solar panels but pretending they're helping people and the environment because they need to upgrade their systems and power grid. So even if it took a person 90 hours and two grand to get their listing agent license that sure beats paying 13k commission for a couple hours of work on a 500K home. And even if you didn't do that for a living you definitely could become a TH-camr talking about it and make a living.
Reality isn’t allowed in TH-cam 🤔
It's not like buying a car private there is so many loops to know and jump thru. Also as a buyer your cost is tied up with your loan. The seller should be more inclined to sell with out a realtor however good luck with that.
I guess this video is outdated as of 8/17/24.
Wow, so unbiased 😂
I won't have a loan but will be building on my own property will it still be the builders agent? Where can I find floor plans?
Awesome video. Thank you
FYI, not all states allow dual agency. So various areas of this video is not applicable to that. Maybe a follow content om states that don't allow dual agency and doing this.
maybe the question should be how to find a great agent? had an experience with one where I was basically told that he's not there to find me the very best deal...sounds to be like he only cared to get the biggest commission he could and didn't want to bother having to negotiate for me and walk away if I wanted and try again. that's the problem people have with agents. they make money off of you spending more so how can you trust them to have your best interest not their own??
I attempted to purchase a home last year and told the agent I wanted a place that had a yard and no HOA and sent links of places I had in mind. He sent me links to look at and they were all apartments with HOA which was the opposite of what I was interested in. He was hilariously bad at his job
Yeah it a very shady setup in my opinion 🤔
Another issue is people get nervous and never make a deal just look. I felt bad I recommended my realtor to my parents because they looked at houses for almost 7 months….
@@MacMurka same
The listing agent doesn’t need to represent the buyer. You can still represent yourself.
But as soon as you want to submit an offer, you’ll have to sign with the listing agent in order for them to do that for you
I'm okay with using an agent:). I actually want to buy a home, but I can't afford it on $5000/month income right now.
At 6:04 minutes, can you have a real estate agent to show me the house on behalf of the buyer? Also you can make an offer without having an agent, specially if you are paying cash.
We are selling our home which is paid off no mortgage.
We are not listing cause someone wants to buy it someone I know. They dont have a realtor and I dont have a realtor. So I guess their bank will require things from me.? Like appraisal and survey? Then their bank will req inspection? The bank will arrange the closing?
Agents are the ones who influenced price wars
What about Opendoor that won't let you have an agent or some new home builders?
Yes, new home builds don’t allow you to be represented by your own realtor, like Lennar in So. Cali.
I feel like with all the searching and screening and stuff we do online these days, the sellers agent should really make more commission than the buyers agent...
Still valid after the 2024 changes?
Hey wassup Bossman, I came across one of your videos. I like the content fr 💥 man. My major is Computer Engineering, but I am Real Estate as well, basically a double career. As well as sports but I'm currently taking the 63-hour course then after I finish the course then that is when I will take the state exam to be licensed. If you see this comment could you please give any advice for me, I located in Florida.
Quick question I’m refinancing my home and the closing cost is $0 but at signing they asked for closing cost payment what do I do?
What did you end up doing ?
@AntonAtan I told them I’m not paying and the guy who verifies signing I forget their name but he told me not to pay if I have proof and to call them on a weekday because we did this on Saturday I called Monday and they did a whole 3 day process to get back to me but in the end they didn’t make me pay anything because I had paper work that said $0 closing cost so moral of the story always keep paper work and print everything out
So I’m buying my friends house and neither of us need or want a realtor? So I’m trying to figure out what to do. We don’t want to do seller financing, I plan on getting a loan. So I’m trying to figure out my next steps
Great video
I've never double dipped either, I don't think its right
why not just a flat fee ?
Upload every day my guy. I love your insight
Decent video, I do have to say my wife and I tried your agent finding service and the lady we got hooked up with was not good. We figured she would get paid 10,000+ from working with us and we did almost all of the work. Really acted like a wet sponge and was just a yes woman but didn't guide us through the negotiating. Awful experience and we walked away from her after ING wasting the final good 3 months before rates climbed from 2.5 - 4+%
If you get a buyers agent they charge 3% On a $300,000. + 3% to sellers agent. That's $18,000.00. IN AGENTS Commission. if you reduce the offer from 300,000 minus 18,000 = 282,000,00 But you still have to pay 6% on 282,00 and that's 16.920 in commission. You only saved $1,080. Not a win for you. also some Agents will charge you on the listing price, not the negotiate price. Do the MATH!
Very comfy sweater Javier
What if it’s for sale by owner?
I have had some very bad buyers agents . The whole process needs to change.
What about new construction homes is it different
totally omitted using a real estate attorney to buy the house...
Doesn't FSBO mean there is no listing agent?
yes it means for sale by owner aka no agent. a dream come true as agents are wicked devils alot of times...
Zillow doesn't guarantee anything. Most buyers just look and don't use those agents
He said no bias but sound bias
Tell us all about the news on your street. I want Phoenix area play by plays. Give us the boots on ground info.
7:50 find standard contract for your state
You have to pay a lawyer alot of money no matter what. . If it doesn't go thru u still got to pay. A realtor only gets paid It goes thru
not all places require a lawyer get involved. my area no need for it. I'd run from that. they are greedy wicked fools often
You don’t answer how to buy a house without a realtor. You just said in a very long round about fashion that you should get a realtor or someone else will make the profit your realtor would have.
exactly clickbait title
Realtors are 🗑️
Ul get lower rate w new hme counselor or sumone u knw
My friend is getting his attorney license soon, can he represent me as an agent?
Dual agent
Double ended pipe snake? No idea what you're talking about.
maybe its a sex toy for lesbians? not sure
called a me-op if both sides are the same person
How to figure out if you live in a state where you need lawyers? Is there a website that breaks down which state needs lawyers?
Not with the new stupid NAR
you can visit during an open house. this guy doesn't know much
why go thru all that trouble? It’s not really coming out of your pocket as buyer especially if you’re able to negotiate a good deal.
Maybe as a seller you might want to save yourself some money.
not true. i had many people trying to be my buyer agent and charging flat fees up to 25% the cost of the home. these would come out of my pocket and not the seller's pocket.
@@artbyrobot1 Joanriano must be one of the wicked devils others are referring.
No ul pay a lawyer alot more
these videos are fairly silly. no one is going on zwillow looking to "save" the seller paid commission. It's when you find a house that is FSBO which... are give or take 15-20% of homes. and Often the ONLY way to find somewhat of a bargain on a home. that trying to navigate this process becomes the nightmare that it is. Primarily because every agent does this sort of misc bullshit song and dance of just making absurd scenarios that don't answer any of the direct questions. ---how do i write/submit an offer with contingencies so I as a buyer am protected. what do i need... in terms of a lawyer/title company. How or what do you do to ensure a seller is meeting deadlines. actually going to make it to settlement. IF you as a buyer have your financing and whatnot basically in order. ---like the best part of this video was the 5-10 seconds where he gave the advice to google "state real estate assoc home offer contract template" that's the first document you need. that's a great tip. It would have been nice if this video wasn't 11 minutes of rambling nonsense of trying to get over on the fee a seller pays anyway.
You guys are not needed and are a mafia.
double dip!
this whole agents is bullsht. Why cant we just do it our own?
You can. Find the house online, make sure you are approved with a lender, reach out to the listing agent to see the house unrepresented (most agents don't mess with dual agency even if they are allowed), either find contracts online or hire an attorney to submit an offer, find a title/escrow company or use the seller's recommendation, negotiate, make sure you understand the contract and any information the seller may have entered, find an inspector, get an inspection, negotiate any repairs, understand your costs, do a walk through prior to closing and make sure repairs were completed, if any. Kind of a general outline, but certainly possible to do it on your own.
@@s48grouprealestate Thanks for that, we are retired currently looking at home in another state that has better values. Our home is almost paid off and the new home we are looking at is similar price of our home
This feature of knowning anything is dead because zillow algorithm doesn't share critical information. This is the end of useless jobs that anyone can do and so few know but thye dont want you to know.
So you need a realtor regardless. Waste of time
Everyone knows sumonw
I don't see why people hate on realtors so much. Yeah the commission is kinda high but they do guide you through the process and do help.
There are no realtor costs for home buyers. That means no commission on the buyer
@@omarmontoya-tu3ut Wrong. The buyer pays 100% of both agents’ commissions. The fact that both commissions are typically included in the sales price versus not makes no difference. All commissions are factored in to the price that the seller will accept and 100% of everyone’s money comes from the buyer.
@joefunk76 This is not true. A home value is not increased to compensate the realtor. The home value is based on the market.
Using a realtor costs nothing to the buyer when the seller pays the commission, which is most if not all the time. I don't know why a buyer wouldn't want someone representing them in one of the biggest transactions of their life. If they're that dumb I probably wouldn't want them as a client either.
The commission is baked into the price.
In most cases these searches are about 10-20 tours per buyer, that's about 3-4 days of work + 8-10 hours to do closing process fragmented over multiple days. You're getting $20k in commission in a typical Atlanta home for 5 days of work that's standardized(all the papers) with placeholders + listing websites with public records for sales/comps/taxes/schools/etc visible to anyone.
This whole buyer agent occupation has to be gone by now already. There's no value in $20k per purchase.
you say "which is most if not all the time." --- its certainly NOT all the time. buyer agent agreements often ask the seller to pay it above and beyond the purchase of the property out of pocket!
Many here have had bad experiences with realtors as well as used car salespersons. Most here are not as dumb as you suggest and is why they are here Einstein. Well done, can you please share the company you work with so I can make sure your company is avoided?
Great video