Quote:
Originally Posted by frayedends
You are way off. I can't tell you how many buyer's would screw up and lose their deposit because they didn't have guidance. Sure there are some smart people that could navigate it on their own. But you would be surprised how many don't pay attention to the contracts. Buyer's agents make the process much smoother.
You figure the seller pays the buyer's agent? Nope, not at all. After all who is the person putting out the money? It's the buyer, every time. The buyer pays their agent indirectly. They pay for the home, the seller takes some of their money to pay their agent and their agent pays the buyer agent. Any cash ultimately came from the buyer. Of course, how that changes after the lawsuit is still anyone's guess.
Also remember, NAR made a settlement. Some brokers had different settlements and some had no settlement. Real Estate Agents don't need to be a member of NAR.
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With homes EASILY ACCESSIBLE to everyone online, there is no need to work with a buyer's agent. It is time to admit and adjust. Other countries have already adapted to the new format.
I will not use a buyer's agent simply because they cause confusion. I will submit an offer direct to the seller. No, is an acceptable response. There will be no haggling from a buyer's agent who doesn't want to lose a commission. I live in a community with cookie cutter homes. Lose one gardenia model I like? Plenty more to choose from. I will simply wait for an owner to accept my offer. Can't do that? Then, I will buy a new construction at a lower price. No sweat off my back.