Home Buying in Los Angeles>Question Details

Maverick, Home Buyer in Los Angeles, CA

The appeal is the buyer gets re-bated back most of the $ that a full-service broker would get. Of course an

Asked by Maverick, Los Angeles, CA Thu Feb 14, 2008

attorney would have to be involved w/large transaction. So still, why would you NOT use a flat-rate broker?

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Cynthia, you don't have to start a brand new thread, to answer an existing question of yours. You can simply click on "answer this question" to reply.

A flat-fee broker, who rebates a portion of the buyer's side commission is assuredly tempting. But as Chris pointed out, in one of the other three threads you started, sometimes (not always) you get what you pay for. If you feel comfortable, in a transaction as large as the one you described (which is $1,600,000) using someone less than a full-service agent/agency, then flat-fee/rebate service is for you. Many flat-fee/rebate agencies have you do the bulk of the work... schedule your own appointments, do your own negotiations, your own CMA, your own inspection... etc...

Not everyone feels comfortable with that business model.
4 votes Thank Flag Link Thu Feb 14, 2008
Alan May, Real Estate Pro in Evanston, IL
I don't understand. Your question has been answered several times in several ways. What am I missing?
2 votes Thank Flag Link Thu Feb 14, 2008
Hi, again, Cynthia. Elvis is right. You've gotten a lot of really great answers here. Ultimately, the decision is yours. You need to do what you feel comfortable with in your transaction.

If you are comfortable with all the negotiations, contracts, disclosures, scheduling of all the appointments and staying within your contingency periods then this probably is the way for you to go.

Wish you the best!
Web Reference: http://www.DotChance.com
1 vote Thank Flag Link Thu Feb 14, 2008
I get a thumbs down for asking for clarification? By no means in that condescending.
1 vote Thank Flag Link Thu Feb 14, 2008
Elvis, Thank you for explaining respectfully. Some times realtors answer a buyer's questions with a condescending attitude and that is what turns people OFF from using them in general. Appreciate an intelligent person in the field, so thank you again.
1 vote Thank Flag Link Thu Feb 14, 2008
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