Buying a house sucks!!!

[Bpracing1127]

5k may or may not have got it done.

What were the terms of your offer vs the other?

21 day close? Removal of contingencies? All cash offer?

There’s a lot of variables to consider other than overall price.

As far as we know it was the same offer. We don’t have a contingency to sell a current home to buy the new one. (That’s a plus) it’s a home built in 2022. Likely 0 things wrong with it. They could have been all cash but I don’t know for sure. Standard close time 30 days I think. We can do it faster or slower

 

[Bpracing1127]

Wait it out. We did the same thing in late 07-08. Didn’t buy until 09.

The time to buy is going to be right after rates peak and they start to pull back.

I know, we are still looking. Might be on pause for the remainder of the year now. Prices are still dropping which is good but so is inventory. Prices will fall faster if inventory can Pick back up

 

[hallett21]

As far as we know it was the same offer. We don’t have a contingency to sell a current home to buy the new one. (That’s a plus) it’s a home built in 2022. Likely 0 things wrong with it. They could have been all cash but I don’t know for sure. Standard close time 30 days I think. We can do it faster or slower

Depending on how aggressive you want to get you can waive appraisal contingency. If it doesn’t appraise you’re bringing the difference to the table.

Inspection is another one.

I’d have your mortgage broker get on the phone with the realtor and figure out the fastest close time you can do.

 

[Caydens Cat]

Real estate professionals will argue that their service is “special”. I don’t see it in this market. My wife has her brokers license (the license an agent works under). FYI, her day-to-day is not real estate sales

She laughs when she does a transaction for a friend and gets 3% - she usually kicks back a point to them. Say 150k+ in commission to sell my house here in SD - which would take a couple days to get into contract in this market. So for quite literally a few hours of work she would get $75k. While, yeah that works for us… but the model is broken. There isn’t 75k (150k if you get both ends) of work to do!!!!

 

[Bpracing1127]

Real estate professionals will argue that their service is “special”. I don’t see it in this market. My wife has her brokers license (the license an agent works under). FYI, her day-to-day is not real estate sales

She laughs when she does a transaction for a friend and gets 3% - she usually kicks back a point to them. Say 150k+ in commission to sell my house here in SD - which would take a couple days to get into contract in this market. So for quite literally a few hours of work she would get $75k. While, yeah that works for us… but the model is broken. There isn’t 75k (150k if you get both ends) of work to do!!!!

That’s my problem too.

 

[hallett21]

Real estate professionals will argue that their service is “special”. I don’t see it in this market. My wife has her brokers license (the license an agent works under). FYI, her day-to-day is not real estate sales

She laughs when she does a transaction for a friend and gets 3% - she usually kicks back a point to them. Say 150k+ in commission to sell my house here in SD - which would take a couple days to get into contract in this market. So for quite literally a few hours of work she would get $75k. While, yeah that works for us… but the model is broken. There isn’t 75k (150k if you get both ends) of work to do!!!!

Your wife sells 2.5 million dollar properties as a side hustle?

 

[Warlock1]

Real estate professionals will argue that their service is “special”. I don’t see it in this market. My wife has her brokers license (the license an agent works under). FYI, her day-to-day is not real estate sales

She laughs when she does a transaction for a friend and gets 3% - she usually kicks back a point to them. Say 150k+ in commission to sell my house here in SD - which would take a couple days to get into contract in this market. So for quite literally a few hours of work she would get $75k. While, yeah that works for us… but the model is broken. There isn’t 75k (150k if you get both ends) of work to do!!!!

We have a lot of friends that are Realtors, (here it comes) I don't see the value for me. I always get a feed and do all of the research and pick the houses and scope the area. I only need the realtor for letting me in the house. Our first 4 houses have all been found by me. This last house was found by my realtor but he turned out to be a shmuck. Marine guy that should have been handling business. Instead he folded when I had questions about the disclosure report and the day of signing the former owners went to unhook the washer and broke the valve and it soaked the wall and floor of the laundry room. They never called us to tell me that and wouldn't have disclosed it, had I not made a request to get the keys early. Their realtor was a lying piece of shit, but she is on some kind of "Governors Board" or something.

I'm buying a manufactured home next....lol

 

[2Driver]

there's multible things going on in st george... they wanna sell to mormans, and don't like Californians,.. they have seen what has happened to vegas and havasu/phoenix..

Yep, you never know what goes on behind the scenes and I’m sure it’s full of bullshit. I absolutely hate someone negotiating on my behalf.

 

[Caydens Cat]

Your wife sells 2.5 million dollar properties as a side hustle?

Not necessarily a “side-hustle” but yes. She has the knowledge and credentials to do so. She will only do this type of transaction (and that’s all this is) by referral. She can write a contract so tight, Satan isn’t getting out of it, lol.

 

[77charger]

there's multible things going on in st george... they wanna sell to mormans, and don't like Californians,.. they have seen what has happened to vegas and havasu/phoenix..

One of things I thought as well.they’re own religion is gonna come first vs someone not a part of the church.

 

[Caydens Cat]

We have a lot of friends that are Realtors, (here it comes) I don't see the value for me. I always get a feed and do all of the research and pick the houses and scope the area. I only need the realtor for letting me in the house. Our first 4 houses have all been found by me. This last house was found by my realtor but he turned out to be a shmuck. Marine guy that should have been handling business. Instead he folded when I had questions about the disclosure report and the day of signing the former owners went to unhook the washer and broke the valve and it soaked the wall and floor of the laundry room. They never called us to tell me that and wouldn't have disclosed it, had I not made a request to get the keys early. Their realtor was a lying piece of shit, but she is on some kind of "Governors Board" or something.

I'm buying a manufactured home next....lol

Happened to my in-laws. They were vacationing in Europe when the buyers did their home inspection. Inspector pulled out the fridge and broke the water line. Came home days later to a wiped out 1st floor.

 

[hallett21]

Not necessarily a “side-hustle” but yes. She has the knowledge and credentials to do so. She will only do this type of transaction (and that’s all this is) by referral. She can write a contact so tight, Satan isn’t getting out of it, lol.

Id argue she’s worth every cent. Iron clad contract writing, taking on liability and negotiating on my behalf (obviously I get the last say) should be paid well.

Just because it’s easy for her doesn’t make it a “cheap” service.

There’s no law saying a homeowner can’t sell it themselves.



Edit. Especially when you’re talking millions of dollars at stake.

 

[185EZ]

Depending on how aggressive you want to get you can waive appraisal contingency. If it doesn’t appraise you’re bringing the difference to the table.

Inspection is another one.

I’d have your mortgage broker get on the phone with the realtor and figure out the fastest close time you can do.

Every appraisal I've had has magically come in at the selling price.
I didn't want one on the last house because it didn't matter to me and we were willing to pay asking price.
let the bank take care of it. nope. Cost me $700. Loan company gave me $150 credit.

 

[OCMerrill]

What’s the biggest difference between there and hurricane?

Polygamy.

 

[gqchris]

We are here for ya brother

Trust me, I am so over this damn state also. We really need to schedule a trip out there this spring when the baby is a bit older and we can travel with less drama!

 

[Bpracing1127]

Trust me, I am so over this damn state also. We really need to schedule a trip out there this spring when the baby is a bit older and we can travel with less drama!

GRANDPARENTS!!!

 

[Caydens Cat]

Id argue she’s worth every cent. Iron clad contract writing, taking on liability and negotiating on my behalf (obviously I get the last say) should be paid well.

Just because it’s easy for her doesn’t make it a “cheap” service.

There’s no law saying a homeowner can’t sell it themselves.



Edit. Especially when you’re talking millions of dollars at stake.

While I completely agree that good professional service is valued. It’s just the real-estate transaction costs, IMO, don’t equate to the service one would expect for that amount of $$$. For most buyers/sellers it’s standard forms and a sum of work handled by escrow. My wife just happens to be in a situation where she can do that type of transaction and has the background/skill set that 99% of realtors likely do not have.

Before I get jumped on by the real estate folks here… yes there’s more to real estate than just the transaction.

And yes, her day-to-day pays for her experience proportionately.

 

[gqchris]

GRANDPARENTS!!!

Both of our parents left us too soon Miss them dearly

Honestly I miss my sister in such a big way also, she was taken from us at 55 years old by a medical mistake at a major hospital. She had just retired and has 8 grand kids.

 

[Bpracing1127]

Both of our parents left us too soon Miss them dearly

Honestly I miss my sister in such a big way also, she was taken from us at 55 years old by a medical mistake at a major hospital. She had just retired and has 8 grand kids.

ill watch her for you

 

[LuauLounge]

I’ve bought 3 houses direct from owners and 3 with realtors involved. Sold 2 myself and 1 through a realtor.
All were in “normal” markets and there were no issues whatsoever. The realtors involved were career minded, one that sold my house in 1981 is still going strong and will have the opportunity to sell another for me in the next year.

 

[gqchris]

ill watch her for you

Im pretty sure you or Ash would be the only families that she would allow that to be honest. I may take ya up on that. She loves the toy SxS i bought her at the Sand Show. Im pretty sure she is my twin

 

[gqchris]

While I completely agree that good professional service is valued. It’s just the real-estate transaction costs, IMO, don’t equate to the service one would expect for that amount of $$$. For most buyers/sellers it’s standard forms and a sum of work handled by escrow. My wife just happens to be in a situation where she can do that type of transaction and has the background/skill set that 99% of realtors likely do not have.

Before I get jumped on by the real estate folks here… yes there’s more to real estate than just the transaction.

And yes, her day-to-day pays for her experience proportionately.

My friend pays a transaction coordinator a few hundred bucks to do all the contracts. He doesnt touch shit, just collects the checks!

 

[Bpracing1127]

Im pretty sure you or Ash would be the only families that she would allow that to be honest. I may take ya up on that. She loves the toy SxS i bought her at the Sand Show. Im pretty sure she is my twin

my wife wont object

 

[Ziggy]

HouseVana.
All online, 5 clicks and you own a home. E-signature is binding.

 

[j21black]

This is not even the hard part, wait until you have to go through the loan process. That’s when you’ll want to kill everyone. Good luck. It’s really stressful but once it closes and you get the keys, it will be worth it.

Absolutely true -

Last one I bought got hung up for a bit because my buyers couldn't close on my house - So I went ahead and started the process to purchase without selling mine - Took an additional 30 days or so to get everything in order - Went to the bank pulled out a 100k check to take to closing on Thursday afternoon for Friday AM close.

Escrow office called Friday morning to say we aren't closing today, but the lender won't tell us why, and the girl from the lender handling it all was out on vacation.

Got a hold of her on Monday and basically chewed her and everyone else out. The reason, they said I was $600 short on cash to close. I took $600 out of an account with my kids name on it, and I couldn't use that, even though I had a check in hand for the down payment. So I asked her, you haven't asked me for any financial records since this process started 90 days ago, you know how much I make right? So you have not included money earned over that period. She concluded I was correct and still made me send updated pay stubs. Closed on a Tuesday.

And to top it off, since they admitted to dicking me around, they made the awesome decision to knock $1200 of my closing costs for my troubles. I sent them a nice email stating thanks, but next time maybe read the contract, the seller is paying the closing costs, you have done absolutely nothing to help me here, but I am going to close anyway and hopefully never have to deal with any of you again. Seriously one of the worst 3 days of my life thus far. They sold my mortgage to another service shortly after closing.

The escrow attorney was dying laughing as the girls in his office told him some of the things I had to say to the folks at Chase. He really liked the fact I asked the girl at Chase if she knew where her kids where going to sleep tonight. He also said this was the only closing he had ever done for chase, where they did not include a buyer survey for the buyer to fill out.

Next one I'm paying cash for a single wide.

 

[LargeOrangeFont]

HouseVana.
All online, 5 clicks and you own a home. E-signature is binding.

Does the house pop out of a vending machine tower by the freeway???

 

[LargeOrangeFont]

Absolutely true -

Last one I bought got hung up for a bit because my buyers couldn't close on my house - So I went ahead and started the process to purchase without selling mine - Took an additional 30 days or so to get everything in order - Went to the bank pulled out a 100k check to take to closing on Thursday afternoon for Friday AM close.

Escrow office called Friday morning to say we aren't closing today, but the lender won't tell us why, and the girl from the lender handling it all was out on vacation.

Got a hold of her on Monday and basically chewed her and everyone else out. The reason, they said I was $600 short on cash to close. I took $600 out of an account with my kids name on it, and I couldn't use that, even though I had a check in hand for the down payment. So I asked her, you haven't asked me for any financial records since this process started 90 days ago, you know how much I make right? So you have not included money earned over that period. She concluded I was correct and still made me send updated pay stubs. Closed on a Tuesday.

And to top it off, since they admitted to dicking me around, they made the awesome decision to knock $1200 of my closing costs for my troubles. I sent them a nice email stating thanks, but next time maybe read the contract, the seller is paying the closing costs, you have done absolutely nothing to help me here, but I am going to close anyway and hopefully never have to deal with any of you again. Seriously one of the worst 3 days of my life thus far. They sold my mortgage to another service shortly after closing.

The escrow attorney was dying laughing as the girls in his office told him some of the things I had to say to the folks at Chase. He really liked the fact I asked the girl at Chase if she knew where her kids where going to sleep tonight. He also said this was the only closing he had ever done for chase, where they did not include a buyer survey for the buyer to fill out.

Next one I'm paying cash for a single wide.

I have had decent luck after buying my first house in 2009. In 09 it got to the point where I told them “Don’t call me again and ask for anything else or the deal is off.” Magically everything went smooth after that.

Every property since I’ve told them to ask me for anything they need in the first few days, otherwise, I’m out. I tell them money is coming from X account, here are the statements, if you don’t like it, tell me now. If you come at me later with BS no deal, I’ll start over with someone else.

It’s always “OK but are you willing to lose the deal over a couple days or couple dollars sir?” “Yes.” .

 

[RiverDave]

While I completely agree that good professional service is valued. It’s just the real-estate transaction costs, IMO, don’t equate to the service one would expect for that amount of $$$. For most buyers/sellers it’s standard forms and a sum of work handled by escrow. My wife just happens to be in a situation where she can do that type of transaction and has the background/skill set that 99% of realtors likely do not have.

Before I get jumped on by the real estate folks here… yes there’s more to real estate than just the transaction.

And yes, her day-to-day pays for her experience proportionately.

During Covid a lot of it was list a house and do the paperwork.. now that things are slowing back to NORMAL there is a lot more to selling a house than what you are describing..

Typically in technical sales the commission rates were 10%. Be that selling services or technical products like I used to do.. machining / rapid prototyping etc.

For the lazy realtors that take some shitty pics with a cell phone and throw it on the mls I’d agree. For people that are spending the money to market and advertise houses I’d say they are absolutely worth 3%..

Figure when you sell a boat they are charging anywhere from 7-10%, depending on if they are storing it and the effort going into selling it.

If they are flipping boats that is putting their own cash out and at 10% it wouldn’t even be worth it.


You can’t really judge someone’s value with a paint brush like that in any profession because there’s bottom feeders and there are apex predators. I’d rather pay a predator more than a bottom feeder less.

There are so many questions that could sprawl out of this conversation or statements.. what is a forum owner deserve to be paid? 20,40,60,100,500, 1 million?

What does a machinist deserve to get paid? 50,80,200, a million?

Anybody that works for themselves determines their own value.

 

[DaveH]

i agree the fees are outrageous.

sold my house about a year and a half ago. the realtor had a professional photographer come in and take pics. realtor did a nice write up and posting on zillow.

no open houses, sat around waiting for contacts from zillow.


made 40K when it sold for doing a web posting. buyer had their own realtor who let them in and showed them the house.

seems like a ton of money for not doing much.

GF's dad just went into a rest home. has a house to sell. she listed it on Zillow without a realtor, house sold in 4 days.

While I completely agree that good professional service is valued. It’s just the real-estate transaction costs, IMO, don’t equate to the service one would expect for that amount of $$$. For most buyers/sellers it’s standard forms and a sum of work handled by escrow. My wife just happens to be in a situation where she can do that type of transaction and has the background/skill set that 99% of realtors likely do not have.

Before I get jumped on by the real estate folks here… yes there’s more to real estate than just the transaction.

And yes, her day-to-day pays for her experience proportionatel

 

[Mike K]

I stopped using buyer’s agents over 20 years ago !
It’s been my experience that your offer will always be last if you’re coming in with a buyers agent.
I‘ve never lost a bidding war … ever.
It’s funny how the selling agent quickly becomes your best friend.
Yeah I know … I’m gonna hear it from the RE agents.
They gotta protect that “gotta always have an agent … it’s so complicated and only we know the market and what we are doing “ thing.
BUT … the market is changing … hang out for a few months and take another look at St. George.
Good Luck.

 

[Ziggy]

Does the house pop out of a vending machine tower by the freeway???

Someone today mentioned a manufactured home.
My plan would be Ikea style with boxed up manufactured houses that load into a full size F150Lightning.

 

[LargeOrangeFont]

Someone today mentioned a manufactured home.
My plan would be Ikea style with boxed up manufactured houses that load into a full size F150Lightning.

I was thinking just a big 3D printer

The lightning wouldn’t make it back to the lot on a charge .

 

[stephenkatsea]

Question - In AZ is the RE commission on vacant land typically 10% and paid entirely by the seller? Isn't that a larger commission % than the sell of a house? If so, why?

When we purchased our LHC home the adjacent lot was vacant and available. But, the owner/seller apparently did not want a RE agent involved. Unfortunately, our home buying agent had contacted the owner of the vacant lot and inquired about it. We had not instructed him to do that. The owner basically told him to F off. Over a year went by and I get a phone call, direct from the owner of the lot, asking if we were still interested. I said, maybe. He gave me his price, I countered lower and we met in the middle, without any RE agent involved. The paper work was all handled by a local Title Company. It was quick and pain free. If that 10% commission on the sale of bare land was accurate, I can certainly understand why the seller did not want a RE agent involved. We did have the lot surveyed and the property line dots clearly established. We split the cost of that survey with the seller. The title company told us we were fortunate the seller shared that survey cost. They said in AZ a survey is not required. If true, I found that strange.

 

[Dan Lorenze]

There were 12 buyers lined up to buy my house that I’m in currently. But my agent pulled it off for me and I was chosen. Everyone involved loved my agent as he’s a soft spoken honest gentleman. Without him I wouldn’t have been able to pull it off.

 

[dread Pirate]

My BIL is a agent in St George if you want to talk to someone different.

 

[HNL2LHC]

We just sold one of our rentals. The buyers gave us a long list of shit they wanted fixed. F that.

Just a suggestion for the next house you find. Don’t ask them to fix anything. Sellers don’t want to spend the time, money or have the headache of fixing anything.

This!!! Our first and third & 4th house did this. First one under contract. Getting a little questionable with the buyers. My stepfather was our agent. Talking to the seller agent. Worked the deal same price without any inspection and contingenc. The next week we were in escrow. I was going to gut it anyway so I did not care. Same with 3rd and 4th home. 4th almost went into a bidding war 2 years ago but our realtor worked th e magic and got us the house.

 

[rivermobster]

Sister wives is perfectly normal in hurricane, not that that’s a bad thing

Polygamy.

So I'm sitting here wondering how you two fine upstanding men know this?





Asking for a friend of course.

 

[DaytonaBabe]

Curious if you submitted a letter to the seller with the offer? That whole thing was new to me, but when we sold in 2020, we got letters from all of the people who made offers. Basically, they write about their family and why they love the home. It kinda weirded me out, actually, but I can see how some people might choose another buyer over you if they have a perceived connection with them because of a letter they received. Maybe it's worth it....

 

[hawgty55]

Real estate agents are a joke! Most of the time they just get in the way and never give solid advice! In the end the buyer always makes the ultimate decision whoever came up with a license to fucking submit a piece of paper is a joke! Well actually see here in the next several months and years who are actual agents and who have been just riding this red wave.

 

[Bpracing1127]

Curious if you submitted a letter to the seller with the offer? That whole thing was new to me, but when we sold in 2020, we got letters from all of the people who made offers. Basically, they write about their family and why they love the home. It kinda weirded me out, actually, but I can see how some people might choose another buyer over you if they have a perceived connection with them because of a letter they received. Maybe it's worth it....

never even heard of this?


something to note this is my first time buying a house too

 

[Englewood]

Curious if you submitted a letter to the seller with the offer? That whole thing was new to me, but when we sold in 2020, we got letters from all of the people who made offers. Basically, they write about their family and why they love the home. It kinda weirded me out, actually, but I can see how some people might choose another buyer over you if they have a perceived connection with them because of a letter they received. Maybe it's worth it....

National Assn. of Realtors actually asks that personal letters not be sent. It became a big thing for a few years until some felt as if they were not being chosen due to skin color, religion, etc. In line with the rest of the Bs we are dealing with.

 

[Englewood]

Real estate agents are a joke! Most of the time they just get in the way and never give solid advice! In the end the buyer always makes the ultimate decision whoever came up with a license to fucking submit a piece of paper is a joke! Well actually see here in the next several months and years who are actual agents and who have been just riding this red wave.

It's like any industry. I've seen some great ones, and some not so great ones. The problem is that the barrier to entry is too low. It takes longer to go to cosmetology school. That's a problem when you are dealing with most people's biggest investment.

A good agent is worth their weight in gold.

 

[NicPaus]

never even heard of this?


something to note this is my first time buying a house too

It's been a thing for years.

Another tactic is to send letters to all the potential houses you like in a area. Let them know you are a young family with kids trying to buy in the area. Neighbor across from us recently did this and got a house with no realtors involved and it was priced very fair for the area with no commissions.

The one I recently purchased I talked to the owner before making a offer. I was outbid by 15k. When the buyer started asking for all types of credits after home inspection. It fell out and my offer was accepted. As is, no contingencies. In the end my realtor got me a credit when appraisal came in low. We had both established a relationship with seller by talking with him several times. Before it closed my realtor reduced her commission to help me out on sales price. We do a lot of work together.

Good luck. It is definitely a pain in the ass. But it will be worth it.

 

[Instigator]

I'm probably gonna get chastised for this but other than the listing agent listing a property, why would anyone need a realtor?
It is my experience that they are by and large over paid and under worked for what they get paid.
Not all mind you but like I said, by and large that apples.
For those that don't want to deal with anymore than they have to in the process I understand why people hire a realtor.
Talk direct to the seller and represent yourself and write the deal on a bar napkin and then pick an escrow company and save yourself and the seller at least 1/2 the commission.

Just my 2 cents.

 

[evantwheeler]

Curious if you submitted a letter to the seller with the offer? That whole thing was new to me, but when we sold in 2020, we got letters from all of the people who made offers. Basically, they write about their family and why they love the home. It kinda weirded me out, actually, but I can see how some people might choose another buyer over you if they have a perceived connection with them because of a letter they received. Maybe it's worth it....

Good friend of mine got his house in Seattle this way about 5 years ago in a competitive buyers market. Relator insisted he write a letter with his offer, but he was over it and said no, please just submit my offer with escalation after having been outbid numerous times. The realtor wrote the letter on his behalf without his knowledge and submitted with his offer and the seller accepted his offer at asking price over others that were over asking price. The buyer (my friend) was a 15 year USMC vet and the seller was also a USMC vet. Emotions play a huge role in financial decisions for many many folks. The shitty part about this is when people suck and they lie and play folks emotions, but that wasn't the case here. It cannot hurt to write a letter.

My roommates and I all wrote letters (with photos!) to submit with our first apartment application after finishing university and moving out of state in 2008. In 2021, I randomly stopped by the apartment when I was driving through Colorado to reminisce on old times, and lo and behold, old Gene was out front washing his dual sport! Gene rented us the apartment back in 2008. He still remembered the letters we submitted and thanked me (us) for being clean and respectful tennants.

 

[Instigator]

It's been a thing for years.

Another tactic is to send letters to all the potential houses you like in a area. Let them know you are a young family with kids trying to buy in the area. Neighbor across from us recently did this and got a house with no realtors involved and it was priced very fair for the area with no commissions.

The one I recently purchased I talked to the owner before making a offer. I was outbid by 15k. When the buyer started asking for all types of credits after home inspection. It fell out and my offer was accepted. As is, no contingencies. In the end my realtor got me a credit when appraisal came in low. We had both established a relationship with seller by talking with him several times. Before it closed my realtor reduced her commission to help me out on sales price. We do a lot of work together.

Good luck. It is definitely a pain in the ass. But it will be worth it.

Proves my point.

 

[Englewood]

I'm probably gonna get chastised for this but other than the listing agent listing a property, why would anyone need a realtor?
It is my experience that they are by and large over paid and under worked for what they get paid.
Not all mind you but like I said, by and large that apples.
For those that don't want to deal with anymore than they have to in the process I understand why people hire a realtor.
Talk direct to the seller and represent yourself and write the deal on a bar napkin and then pick an escrow company and save yourself and the seller at least 1/2 the commission.

Just my 2 cents.

What happens when buyer wants to cancel at 11th hour? What happens when there is a gov restriction that isn't completed? What if the napkin has something on it the lender doesn't like? What if it doesn't close on time? What if seller decides to cancel? What if buyer loan declined cause they financed a TV at Best Buy? What if seller doesn't disclose everything? What about when buyer sues in 2 years?

These things happen daily. Doing a real estate deal with zero training is an absolutely terrible idea. Of course, It can be done on occasion. However 99% of the population has no business representing themselves. That includes scumbag attorneys.

 

[LargeOrangeFont]

Curious if you submitted a letter to the seller with the offer? That whole thing was new to me, but when we sold in 2020, we got letters from all of the people who made offers. Basically, they write about their family and why they love the home. It kinda weirded me out, actually, but I can see how some people might choose another buyer over you if they have a perceived connection with them because of a letter they received. Maybe it's worth it....

We got a few with offers when selling our house. We didn't read them, and we didn't want to for the reasons @Englewood mentioned.

 

[NicPaus]

Proves my point.

I have done deals both ways. I used Realtor on this deal as I have worked with Her for 18 years. Me and my Fiancee did all the leg work and just had her write the offer. Probably would of got the house easier with out her as the selling Realtor would of double ended the deal. But in the end got it for less than asking thanks to our realtor. With numerous offers over.


That said. Majority of realtors are worthless. But a good Realtor is worth it for majority of people.


I have dealt with a lot of Realtors. Let alone worked for even more. Most never again. Few I do work for are great Realtors. They will go to bat for there clients years later. I get referred from them often. And here the stories first hand what they have done.

 

[El Rojo]

Who was it on here that was offering 1% commissions for RDP members? It was awhile back and I remember it created a shit storm with other realtors who were members also...