As a buyer it might be a good Idea to become a real estate agent and pay myself
1 year ago | 14
Michael— You should add to the poll “ HERE FOR THE RESULTS” .. as there may be many here who aren’t buying or selling a house etc. .. and will vote anything just to see the results ..
1 year ago | 168
Why should a seller pay for an agent to negotiate against themselves ?
1 year ago | 55
I can 100% assure you I’m not paying a realtor anything out of my pocket as a buyer. 🤷♂️ “Buying” and “owning” a home is not the investment it used to be. It’s nothing but a giant money sucking liability at this point. No thanks. We make well into the six figures with little debt. Still, I’d much rather rent in this market. It’s been a deliberate choice to not buy for several years now
1 year ago (edited) | 16
I will! I am a realtor myself and for sure offering 3% to the buyers agent will pay off :)
1 year ago | 9
I am listing this summer. I plan to pay a flat fee - the listing agent can keep it all, or offer a piece to the buyers agent, if she chooses. I have bought & sold numerous homes in the past. I have always paid the 6% "industry standard". Personally - I will also pay a flat fee to all buyer agents I use in the future. I believe ALL employees should be paid well and I think it's outrageous to insinuate that a seller is GREEDY for wanting to pay a fair price for the service provided. The NAR lawsuit and surrounding news is educating the consumer - and this is helpful to all of us that have experienced poor service from a lazy agent - and walked away disgusted with the fees we paid. My last 2 agents were exceptional - and I am willing to pay for that top-tier help.
1 year ago | 19
Hiring a licensed realtor was the dumbest decision of my life. Nothing but lies and dishonesty and deception at every corner. I will never use a licensed realtor again as long as I live. The most unprofessional group of professionals I have ever contracted.Thank a Florida realtor ✌️
1 year ago | 5
If people knew anything, it's the BUYER'S agent that brings you a qualified buyer. People can list their own homes all day long and save their "listing" commission, but I'd damn sure be paying a buyer's agent to bring me a qualified buyer and who can coordinate the paperwork, inspections, deal with the lender, appraiser and settlement/title company.
1 year ago | 34
I am 68 years old. When I was in high school, there were no buyer agents. The one agent handled both sides of the transaction and did so for a lower % than they do today. This is a step in the right direction.
1 year ago | 1
Greed has created a historical moment that,may remove housing as good faith effort for families to create a sound financial family asset for themselves and their heirs.
1 year ago | 28
We just listed our house yesterday in rural Missouri. It is empty, we have no mortgage, and have already relocated a few miles away. Our realtor offered to go with 3% for him and 0% for the buyers agent. He would process the sale as usual for the buyer if he received call from the mls postings. I lit up with joy, however my husband who is so cheap he would cut off his own feet to save money on socks, declined, yes, that’s right, DECLINED and opted to pay 5% to be split evenly, in hopes of a quicker sale. I had done some research and found that homes our size (4b2bath) and price range move very quickly d/t low inventory. I didn’t want to publicly shame my husband in front of the realtor but I thank you for giving me the opportunity to do it on the internet:)
1 year ago | 6
Simple scenario. The counter agent compensation was devised to be able to compete and expose Sellet's properties to agents who potentially have the right client wether locally, domestically or internationally, who is able and willing to purchase. such property. This restriction on commission offering to buyer's agents will simply shrink the market and exposure if your property!!!
1 year ago | 9
What people forget is unless its a first time buyer the realtor is making both sides of the transact so NO, they don't deserve 3% to the buyer agent. House sells in 24hrs...WHY do they deserve 6%? No way. Never.
1 year ago | 3
Anyone who thinks this will bring down the costs, is not informed. The seller will pocket the difference . Good luck to buyers with no representation. My wife is working a buyer side deal for the last 2 weeks and has uncovered things a buyer would have never known.
1 year ago | 15
I’m a realtor in San Antonio TX and I have been following Micheal for about two years. So I agree with him that not paying a buyer’s agent will lower the amount of qualified buyers available to buy that property. Add to that all the other laundry list of current issues preventing a healthy buyers’ pool. Anyone in sales knows that if there isn’t a buyer there isn’t a sale. I do understand all the pros of NOT paying for the buyer’s agent and I get it that it makes sense for the seller in saving money. If a seller isn’t offering to pay them will listing agents charge sellers more to end up having to hand hold the buyer and end up filling out all the paperwork? Essentially doing twice the work now. I certainly would have this convo with a seller. In the short term this will be bad for both agents as it pins you against your clients because now you’re having to explain all kinds of fee schedules as if the clients weren’t already all overwhelmed with the process. Just my 2 cents At 3% 😁
1 year ago | 0
I’m not selling for now, but when I do, I will offer to pay at least some of the commission to help the buyer. It also helps me in the end too. Better to give up 1.5 % of sale price to ensure house is sold quickly. If not sold quickly, then reduce the percentage accordingly.
1 year ago | 2
Do a realistic house price comparison then Put FSBO sign out 2 weeks prior to open house. Put website address on sign which shows tons of pics and descriptions on website i create from website builder site (20-30 bucks) . Put being sold strictly as is no commissions paid by seller no warranties or guarantees implied and other legal mumbo jumbo. Put date time of open house. Have friend walk people thru home. Doesn’t answer any questions as doesn’t know anything. Tells them being sold as is and what you see what u get. Have people put in offer. If house priced correctly u will get offers. pick best one. Give best offer to my attorney (best might be no inspections just provide clean title, cash or large down payment strong pre approval quick closing) DONE. I have sold many of my homes this way and I made 100’s of thousands on sale and pay 0 commissions. Best of luck to all home buyers and sellers. DONT be greedy or selfish and it will work out.
1 year ago | 8
Been doing it 10 years, hundreds of deals with lots of different property types. This is one of those industries where the public is so sure that they know how it always works, and they simply don’t know. There’s an entire book to be written about how much they don’t know, but they watched HGTV and have been browsing homes for a long time on the internet or they sold one or bought one so they know. It’s going to hurt buyers in many different ways. They are going to be unrepresented or under represented, or paying up front for costs that were once baked into the price. And lawyers aren’t going to fill in the gaps because they won’t provide the service or prevent things from happening that would happen otherwise. Writing the contract is the easy part. It’s the search and the offer/negotiation and the avoidance of problems and coordination after the contract where the work is, and an unrepresented amateur buyer or seller is no match for an experienced agent in this process. Unrepresented parties routinely sell for less and pay more, lose deals because they mess up somewhere or lose time because they priced it wrong, or they get sued for breach of contract or failure to disclose, or they get stuck with very expensive surprise repairs, among other things. We’ll see how it shakes out, but it’s not the rules that needed to change, it’s the agent standards that need to change. I said it somewhere else. Good agents are worth their weight in gold. Bad ones are paperweights.
1 year ago (edited) | 10
It’s the sellers agent I don’t need!!!! Listed with freedom!!!
1 year ago | 7
To be honest not sure what i would do..just remodeled my home here in western Pa getting it ready to go on the market
1 year ago | 6
Michael Bordenaro
If you have a home for sale right now, or are thinking of selling a property this year, are you still going to be offering compensation to the buyers realtor moving forward after the NAR settlement? Feel free to elaborate in the comments why yes or no.
1 year ago | [YT] | 366