Ann

Ryan,

Could you explain how to calculate 5.5% for 2 scenarios - If I payed cash for the property and if I took mortgage. Also what is good cap? And finally what is Carlton sheets?

Thank you for your answers

Ann - Thu May 1 2008, 18:52

I think I asked the question incorrect. Let's say a lender is not involved, I am not talking about mortgage, I am talking Title Insurance and Survey. Is it really 6% from purchase price? - Fri Apr 11 2008, 20:40

Real Estate Pro wrote: When making one of the largest financial decisions of your life consulting an expert just makes good sense..

It is true to the point when buyer is educated enough about the area he/she is looking into (see answers below) and in that case the buyer can make a good decision and save a lot of money.
There were, are, and will be bad and good examples of buying FSBO.
The question was 'why some buyers shy away ...' and it is not a discussion whether they should or should not. It is just answers to the question.
Those are:
1. Some people have fun researching the market
2. Some people want to save money
3. For some peole it is business
4. For some people it is all of the above.
5. For some people it is 'other' - Tue Apr 1 2008, 14:27

You may not be a pro re agent, but it does not mean you have no skills or brains and desire to find needed information to make an intellegent conclusion about price for a house. As other buyers explained below.
Then (here is a jet pilot needed) hire re lawyer to do paperwork. 6% of the commision could be fairly divided between seller and buyer. No 3rd pipe needed.
From the other point of view. I do recognise that re agent put time upfront without guarantee for the reward.
I am kind of buyer that you can call looker. I will look not at 5 and not at 20, I will look at as many houses as I want untill I am sure I found the one. It may take years (I am in no hurry). I do not want to feel bad about agent who will go with me to 20 houses to open a door. I also may not want to go there at all, but want to know if the house on sale and what the sale parameters. So I use a lot of info sources and get pretty good picture of what is going on. When I am that educated, why do I need an agent at this point?
Again, just to open a door, but I can find other way to get there, save on comission and as I said above use re lawyer for the paperwork. - Tue Mar 18 2008, 13:09