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kam29
LIF Infant
Member since 3/06 297 total posts
Name:
Kelly
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Has anyone bought a home...
without a realtor from a seller who is using a realtor?
If so, can you please share pros/cons, experiences?
Thanks!
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Posted 5/9/07 10:44 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Has anyone bought a home...
we originally were dealing with one agent, but felt like he was annoyed with us wanting to see so many houses. we just weren't happy.
so instead we just went on our own and saw the houses we wanted to and used the listing agent.
the house we are in now, we went to an open house, liked it and put an offer in.
we had a good purchase experience. i don't really know of any pros/cons because i never purchased the other way.
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| Posted 5/9/07 10:51 AM |
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kam29
LIF Infant
Member since 3/06 297 total posts
Name:
Kelly
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Re: Has anyone bought a home...
Posted by MrsSchwags
we originally were dealing with one agent, but felt like he was annoyed with us wanting to see so many houses. we just weren't happy.
so instead we just went on our own and saw the houses we wanted to and used the listing agent.
the house we are in now, we went to an open house, liked it and put an offer in.
we had a good purchase experience. i don't really know of any pros/cons because i never purchased the other way.
Thanks for your response- if you don't mind me asking, how did you put together a contract on your own? Were the sellers willing to take less $$ since there was not a buyers realtor fee?
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| Posted 5/9/07 10:58 AM |
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chikita315
Love
Member since 8/06 7945 total posts
Name:
M-lo
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Re: Has anyone bought a home...
The seller's attorney will draw up the contracts and send them over to your attorney.
YOU don't physically draw up the contracts.
It worked for us because their agent was willing to come down on her commission to get teh deal done, especially since she didn't have to share it. Our sellers are also anxious to get the house sold.
We didn't plan on not using a RE though. IT just kind of happened that way. It ended up working to our advantage. Their agent has also been very helpful to us.
Every situation is different though.
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| Posted 5/9/07 11:04 AM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: Has anyone bought a home...
We didn't have buyers agent. We just had a lawyer who helped us out A LOT!
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| Posted 5/9/07 11:05 AM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: Has anyone bought a home...
We didn't have an agent...We just went to see our current home at a open house & put a bid in!
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| Posted 5/9/07 11:12 AM |
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kam29
LIF Infant
Member since 3/06 297 total posts
Name:
Kelly
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Re: Has anyone bought a home...
All of this is really helpful- I appreciate it.
I was concerned that WE had to draw up the contracts and was freaking out.
So can we just call up the sellers RE and submit a bid verbally?
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| Posted 5/9/07 11:18 AM |
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chikita315
Love
Member since 8/06 7945 total posts
Name:
M-lo
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Re: Has anyone bought a home...
Posted by kam29
All of this is really helpful- I appreciate it.
I was concerned that WE had to draw up the contracts and was freaking out.
So can we just call up the sellers RE and submit a bid verbally?
Exactly!!
Good Luck!!
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| Posted 5/9/07 12:04 PM |
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kam29
LIF Infant
Member since 3/06 297 total posts
Name:
Kelly
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Re: Has anyone bought a home...
Posted by chikita315
Posted by kam29
All of this is really helpful- I appreciate it.
I was concerned that WE had to draw up the contracts and was freaking out.
So can we just call up the sellers RE and submit a bid verbally?
Exactly!!
Good Luck!!
YAY!!! We'll be calling shortly- wish us luck!!!!!!!!!
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| Posted 5/9/07 12:09 PM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: Has anyone bought a home...
yes both homes..
we bought our investment house as a fsbo
and the second house we ended up going through the sellers realtor but we didnt pay her anything..
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| Posted 5/9/07 12:24 PM |
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Lillykat
going along for the ride...
Member since 5/05 16253 total posts
Name:
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Re: Has anyone bought a home...
Posted by chikita315
The seller's attorney will draw up the contracts and send them over to your attorney.
YOU don't physically draw up the contracts.
It worked for us because their agent was willing to come down on her commission to get teh deal done, especially since she didn't have to share it. Our sellers are also anxious to get the house sold.
We didn't plan on not using a RE though. IT just kind of happened that way. It ended up working to our advantage. Their agent has also been very helpful to us.
Every situation is different though.
This was the same as our situation - the house had been on the market so the agent was anxious to sell and worked to get the house sold quickly.
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| Posted 5/9/07 1:48 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Has anyone bought a home...
our lawyer handled everything.
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| Posted 5/9/07 2:12 PM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: Has anyone bought a home...
It definitely worked for us. We worked with several agents and honestly...not one did anything that we didn't do ourselves.
The house we bought was listed on MLSLI. We made an appt to see it and from there on out we worked w/the seller's agent. She was able to work a little more with the commission and even tossed in a home warranty that we've actually used a couple times already. The seller's attorney was so great that she's been by a couple of times - dropped off a rose bush, etc. We were blessed to have found her!
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| Posted 5/9/07 3:09 PM |
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MrsNaunie
Kai helps my father dump out.
Member since 9/06 1181 total posts
Name:
Lauren
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Re: Has anyone bought a home...
we found our house on MLSLI, called, and the sellers realtor showed it to us.
Not sure what the pros/ cons would be- it's the only house we saw!
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| Posted 5/9/07 3:28 PM |
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dbleplay17
My 2 boys!
Member since 10/06 4578 total posts
Name:
Chrissy
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Re: Has anyone bought a home...
we did.
we called the bid in to the listing agent and now we are in contract. I did get my lawyer to talk to the other lawyer
and now we are in contract
it was pretty easy
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| Posted 5/9/07 4:06 PM |
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2girlsforme
LIF Adult
Member since 8/06 3071 total posts
Name:
XXXXXXXXX
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Re: Has anyone bought a home...
We did too!!! It really worked to our advantage because we were able to directly deal with the realtor, who to get the deal done, dropped her commission. Because there was only one realtor involved there was more wiggle room in terms of price.
Ironically, I had been looking in the same very small area for almost a year, and pretty much working with only one broker. This broker, six months before my purchase, showed me the house across the street from the house I actually bought. At that time, my husband said to her, I'll look at anything in this development." She responded that as the development was only a few years old, homes rarely went on the market. However, she failed to show me my house as it didn't come down into our price range until the weekend I saw it. I just happened to see it in Newsday, with a picture and knew it was the same development.
At the end of the day I felt badly that she lost a commission but she never showed me the house.
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| Posted 5/9/07 9:15 PM |
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