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Home Buying in Lakewood : Real Estate Advice

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  • Home Buying3
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Activity 3
Thu Oct 20, 2016
Darius answered:
Obviously if the buyer has the knowledge and the experience, they can get credit equal to the BA commission by representing themselves. This can be either by reducing the sales price or by getting a credit in the escrow. I have done it. You can just get the right purchase form in your state, fill it in using your previous transactions as examples, sign it. and go ahead.
You can even include the fact that the LA needs to cooperate by opening the door during inspections and act for a proper possession of the property with no additional cost.
Now my question for those who have done this is: WHAT ARE THE EXACT LEGAL RISKS, if any, of doing this. The legal risk in a transaction is 99% on the seller side. Is there any on the buyer side? If so which one? And how using a broker or an attorney who would do nothing else than signing/representing legally, is going to remove that risk? In other words what's the legal downside to represent oneself as buyer?
Agents preaching to use a BA need not reply. Thanks.
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Sun Jan 24, 2016
Susie Kay answered:
It's better that you get that answer from your lender. You don't know the specific on the estimated mortgages on the listings.

I'd be happy to connect you with local lenders that I typically work with. Feel free to call me at 469-371-2899.


Susie Kay
Seniors Real Estate Specialist
Certified Home Stager

United Real Estate Dallas
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Tue Nov 26, 2013
Annette Lawrence answered:
You've hit upon an understanding that most only suspect.
Garmin has made it easy to show real estate in areas where the brave fear to venture.
However, being able to find the real estate is not where the skill lies.
There are two, some say more, benefits regarding working with a local expert.
Local knowledge: One, Garmin enabled agent, was unaware the commmunity pool had been REMOVED! That could become importat when the kids or grandkid are banished from the house for three hours. There are other significant issues that a local specialist will prove their value.
Second: Hip-pocket listings. You've detected the fragance of the coffee. You've awakened to the reality that homes are sold in ONE day, or sold BEFORE they appear in the MLS. How does that happen so consistantly?
Did you know a real estate professional markets the home to four levels of buyers before the MLS?
These are the agents preferred, "A-List" buyers, office buyers, franchise buyers, area buyer, regional buyers..then the MLS. By the time most buyes see a home, it been rejected by five preceding groups.
You really want to be in one of those groups.
Ask the local agent if they participate in the "First Look" option.
The "FIRST LOOK' network of agents are interested in serious buyers who are able and wiling to pay FAIR MARKET value. If you polute the progarm with a low-ball, you will find yourself relgated to the outer darkness chasing vapors of homes 'just' sold. If you reject the third home that meets your critiera, you will not see the fourth. First Look is for serious buyers only. Lookers and kickers and low-ballers are not compatible with this option.
Are you serius? Pick up the phone and CALL a local REALTOR.
Not serious? Use that contact link.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Move to the Front of the Line
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