Buy house without agent

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Mar 20 35 Comments

Should I get agent? 3% of multi million house is a lot of $. If I use website like Zillow, do I need help? Real estate lawyer?

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TOP 35 Comments
  • Google / Eng
    J3IFPM

    Google Eng

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    Amazon
    J3IFPMmore
    You are not paying it. It's seller paying. You can find some agent to give partial refund. But services of good agent can potentially let you win house you want or negotiate reduction in prices based on inspection report.
    Mar 20 0
  • Microsoft Dr. Root
    Biggest purchase of your life and you're doing it without professional help 🤦🏻‍♂️
    You don't even fix your 30k car yourself mate, why would you do a 1 mil purchase all by yourself without external help?
    Mar 20 5
    • Because it costs 6%. The math is quite simple. If you think you can save 6% by doing it yourself then go for it.

      Your comment is a typical example of what the agents lobby want you to believe. They are publishing articles and doing a lot of PR around that. It's a fear based business.
      Mar 20
    • Yahoo JabS27
      ^^^^this
      Mar 20
    • Apple Dr. Xi
      I know people who bought their house with the seller agent and they are pretty happy with it. Give yourself sometime to learn and then go with the sellers agent.
      Mar 20
    • Facebook fburl
      OP
      Would you do 3% on 3 mil purchase?
      Mar 21
    • Compass / Product 905
      V much this...Also, you can’t even see some homes without having an agent representing you.

      What state are you in?
      Apr 14
  • Amazon 772&!:$$
    Redfin
    Mar 20 2
    • Microsoft y83j
      +1
      Mar 20
    • Square jTCr61
      Just bought a house with redfin, couldn't be happier. It will of course depend on the agent you get. Mine was amazing, much better than any non redfin agents I've worked with in the past.
      Mar 20
  • Ellie Mae SpkS47
    Dm me for a referral to an agent. Unless you have a strong knowledge of the real estate business contracts can get dicey. My agent helped with closing costs from their own pocket and negotiated a free fridge and washer/dryer from seller.
    Mar 20 4
    • A free fridge and washer dryer . Probably worth 1k max. Good job there negociating on what matters... It's pocket change compared to the 30k he makes out of a transaction
      Mar 20
    • Ellie Mae SpkS47
      Nothing wrong with compensating someone for a job that they completed well....websites and DIY house hunting can only take you so far. Competition is fierce be prepared to be rejected a lot and inventory is at an all time low while prices continue to go up. It's a tough market and it's much easier with an agent. Good luck op 👍
      Mar 20
    • Nope , inventory is actually at an all time high since 2012. It's becoming a buyers market
      Mar 20
    • Ellie Mae SpkS47
      Depends on the city, mostly referring to tighter bay area CA cities
      Mar 20
  • Facebook LaFb11
    https://shopprop.com/ try this they charge fixed amount not percentage of the selling price
    Mar 20 1
    • I decided to take your advice , Rob was helpful thanks ! The most he charges you would be $5k in the Bay Area
      Aug 13
  • Acxiom RickErwin
    With all the information available on the internet and everything advertised on zillow, redfin, etc.. I definitely think the realtors are a scam. They charge bomb in commissions and is not proportionate to the amount of time/work they put in
    Mar 21 0
  • AMD
    LEtV72

    AMD

    PRE
    AMD
    LEtV72more
    You don't directly pay for it but the seller has already accounted for that. You can technically buy a house without agent but I would not recommend it unless you know the process well. Find an agent who gives rebate from their commissions. Not every state allows it though..
    Mar 20 0
  • Yahoo JabS27
    Openlistings.com
    Mar 20 3
    • Microsoft y83j
      I prefer Redfin as an in between. I do want an agent to help through some things such as helping me understand disclosures, human interactions negotiation, another opinion on things that I don’t understand as well such as materials for the roof, floors, etc. I think a real estate agent is less useful now than years ago, but I don’t think they’re completely useless.
      Mar 20
    • Yahoo JabS27
      In Seattle I am not sure, but in bay area they are essentially useless
      Mar 20
    • Microsoft y83j
      Have you tried yourself? I’ve tried and is it worth the risk? The disclosures aren’t always super clear and id love pay a bit more to know what I’m getting myself into. Not getting an agent at all sounds like it can lead to a lot of stress for a non expect like myself to be making all the decisions with NO guidance
      Mar 20
  • All the answers saying that the seller pays for it don't understand how economics work. Yes the seller pays for it, but you pay the seller an increased value on the home because he needs to pay the agent. The fee is passed on you.

    The agent thing is a huge mafia with skin in the game trying to convince you that they are needed. Read freakonomics. There is a while chapter that explains why it's bullshit
    Mar 20 2
    • New sparked
      While your correct, the initial price that the house is listed at by the seller includes the cost of paying the agent so if you go into it agentless you need to negotiate down the price based on that
      Mar 20
    • Yes. It is part of your bid. And will definitely be taken into account by the seller
      Mar 20
  • Adobe VFne54
    Just bought a house. Our agent was sloppy and worthless. I wouldn’t never recommend her to anyone. She didn’t help with disclosure or anything for that matter. But we had no choice, where we bought agents are like a mafia, and unless you pick someone from the clique, you won’t get a chance to counter. Fucking racket if you ask me. Anyway, get an connected agent, it’s worth it just for getting a chance to get the right offer in.
    Mar 21 0
  • Acxiom RickErwin
    Always have a real estate attorney for your deals. You pay less than 1k but they look out for all possible clauses and are usually helpful.
    Mar 20 0
  • Apple Dr. Xi
    If you know how to read the inspection report and understand it and also know the neighborhoods and layout you are looking for as well as have an estimate for the price in that neighborhood, go with the sellers agent. That would increase your chance of getting the house much higher.
    Mar 20 1
    • Compass / Product 905
      Depending on the state and region he may not be able to use the sellers agent.
      Apr 14
  • Gallagher weens
    Agents don't do anything but unlock the door. Get an inspection and a lawyer and drive around the neighborhood.
    Mar 21 0
  • Palo Alto Networks ftyrio
    If an agent works at no cost to you (like buyer agent), well, you get what you pay for ... there is no free lunch. So, the buyer agent is mostly a scam. The seller agent however is really important. You have to view your buyer agent as a friend of seller agent. In multiple bids, it is the key. In non competitive, he’ll try to push you to buy so she/he can get its commission.
    Mar 20 0
  • Palo Alto Networks ftyrio
    +1, real estate attorney for contract. Anyone thinking their agent understands contract are in worse danger than someone without agent. Secondly, the buyer agent is highly motivated to make you overpay and buy something that doesn’t fit your needs.
    Mar 20 0
  • Apple 867530nine
    You don’t pay for it. So use an agent. More importantly, use a Redfin agent and get a cut of the commission.
    Mar 20 0
  • Microsoft pJcW86
    If you need to ask this as a buyer to try to save money as a buyer... You need an agent.
    Mar 20 0