Comments by "Crime Stoppers" (@crimestoppers1877) on "HOMEBUYERS TO PAY THEIR AGENT COMMISSION? Housing Market Lawsuits" video.

  1.  @SachsRealty  Yes, but I will never sell FSBO even though I have the expertise to sell FSBO. As long as I disclose everythng I know , in writing, to the Listing agent and also sell below the center of the CMV spread on the listing I avoid lots of liability in the transaction. The selling and offer boiler plates that the state Association writes up can also protect me as a seller from frivolous buyers remorse or litigious buyers. So Yes, by all means bring me a REAL salesman and not a door knocker I will list my property with them for THEM to sell.
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  2. Yes I always use Dual Agency and have my own real estate attorney. He only charges $500 per hour/transaction to review all documents including offers. He has saved me tens of thousands of dollars. Real estate agents are NOT practicing lawyers, they are just salesmen. I have boiler plate offers that keep me in control and have never met an agent who knew what was really stated going in my usually accepted offer.
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  3. FYI I like to buy one house at a time. When ready to buy I carry around an envelope filled with cashiers checks in the amounts that will cover the cost of the house, taxes, fees and commissions. Is this acceptable to you? But FIRST YOU MUST prove to me that YOU know the real reasons for the sale of the property. I WILL know these reasons once I own the property. Every seller has reasons to sell. Will you give up your commission fee if you cannot perform this simple task? It is NEVER illegal for a Buyers agent to ask the LISTING agent THE REAL reasons for the listing. If the listing agent blabs it is in both our interests to know this. Buying and selling is a BUSINESS and not a hobby. I bought one SFR in an excellent location 30% below CMV and it was not a fixer. Fast close for a good price. It took me one telephone call less than 20 minutes talking directly to the Listing agent. I never met the agent until after escrow closed and I got the keys. The former seller is now a good friend. Lots of equity on the close. hint: I also have my own real estate attorney I pay separately on the side ( only $500/hr) to review ALL documents.  @emilyfeagin2673  Win WIn Win Win, for seller, mortgage company, buyer and real estate agents. What is wrong with this?
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  4. True but an agent via their association accepts lots of legal liability if I get sued. I don't want to deal with court. Let agents do what they do talk and sell.
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  5. Good job what beach? Malibu ($ 25 M) or Grand Isle Louisiana ($ 135K--new listing) ?
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  6. YES! Dual Agency Rules! Read my comemnst above. As a seller I can close FAST, and as a Buyer I can also BUY fast, the house that I want and no games and double talking. As a seller I know I MUST SEE ALL OFFERS. Today you can never trust the Listing agent since they have their own agendas. Instead of a typical "Open House" where all the Listing agent does is shmooze and network with her buddies for whatever purpose. The Open House should be about SELLING and not "networking", usually for their own side deals.
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  7. Not a bad idea. What do they do besides say: "...And here is the kitchen where you can prepare meals for your family...and this is the hallway to the bedrooms.." @latsnojokelee6434 
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  8.  @emilyfeagin2673  Thanks for your reply but that is the current theory or speculation. First, I am not a salesman that is why I hire a broker to list it. I hired the same broker who helped me buy the house I wanted to sell. He knew everything there was to know about the house and the market at the time. I asked for the CMV and accurate selling price to sell in one month. I am not greedy. He gave me his best estimate for a fast sale and I trusted him ( June sale, in a good location and a few amenities that similar local houses did not have). Why the sale? I was offered a higher paid job in a city 400 miles away. I did not want to deal with any contingency sale offers, so I bought my new house and willing to make two house payments., I left my sale house furnished with new appliances and whatever was recommended by the salesman. Good quality dinner table and chairs and similar. I moved to my new city bought new appliances and furniture and was living my new life. 30 days later what is going on ? I waited one more month and asked my agents opinion what was going wrong. Nothing but Very low ball offers, including some really weird weak ones. I asked my agent one question: Who is the most likely person to buy this house? Is my asking price appropriate for the market? I heard every reason I have heard before as excuse to get a listing but not actually sell it. Why do I bother you with these details? To help YOU understand the problems of sellers. My agent could not tell me who the typical buyer would be!! Even a used car salesman knows that is important. I asked him to do one thing for me and that was an Open house the next weekend. I also asked that he have an agent available at the Open house who was bilingual. He agreed, and I told him I was serious about this request. I flew down the next weekend, visited a local Quickie printer company and made a ream of flyers with no photos just the exact description as listed in the MLS. English on one side and another language on the reverse side. I went to two local retail parking lots ( within one mile) and put leaflets on all the car windshields. I bought some toy balloons from a dollar store and blew them up. I placed the balloons next to the real estate sign and inside removed the "dip and chips" from the dining room table and added a large bottle of punch paper cups and some antojitoes for visitors. I remained inside my house to watch the prospects and salesman. I said Nothing to anyone. No shilling no stupid comments, this is now a "stage" for the show. Show and SELL works, but you have to know WTF you are doing. That night he called me with THREE qualified offers and I accepted the highest and best at 10% above asking?CMV's. The buyer had to pay the difference between the price they wanted to pay ( offer) and the CMV for the house. My question to you is do you really understand why a buyer wants to buy? I sold the house in less than 4 hours! Why should I pay six percent to a dummy who only knows how to talk with her buddies and make lame excuses for NOT selling at the price SHE determined? Tell me what a "bad" salesman I am? I actually had a bidding war between three qualified bidders. What attracted them to MY house? A completely finished and insulated detached garage with permitted utilities! Yes later I learned they converted the garage to a living space. I figured this was an advantage but the agent knew nothing but to give me lame excuses for not selling. What is your opinion of my opinion about most agents? Today I only use Dual agency for selling or buying. I am very satisfied with controlling how my property is sold.
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  9. One of them will LIE!
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  10. Yes, of course just like a car salesman! But we know what comes out of a car salesman's mouth. I prefer Dual Agency which exposes the broker to maximum legal exposure. They have to think hard each time they lie or deceive.  @ryancoons1744 
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  11. On a recent purchase where I used a Buyers agent. The day after Escrow closed I was handed the keys and I got suspicious about some of the items inside the house. I walked to the next door neighbor, introduced myself and and told her I found personal valuables that I think the seller did not realize was in the house! Do you have her personal phone number so that you can tell her what I found? Within 15 minutes I got a call and set up a meeting. EVERY buyer needs to do this. What is the harm in learning what was REALLY going on behind my back. The seller was nice and we had a cup of coffee and I gave her the paperwork I found. She started talking and told me so many stories...about me, my financial strength. I like to poor mouth myself when I buy. My supposedly honest "Buyers agent" had revealed way more about my ability to pay for the property. I could have offered less and saved a lot of money. Loose lips from the Buyers agent showing off to the Listing Agent. This is how we get into lawsuits. NO CONFIDENTIALITY > This makes me mad. I confronted my agent anmd he told me "You know the LISTING agent is who I work for and I am subordinate to him. I gave him some choice words and said NEVER AGAIN. At least with Dual Agency I only need to deal with one person and stop the intrigue.  @SachsRealty 
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  12. What if I am selling my house and I ask you to list my house at a lower price than you suggest. Usually at least 1-20% below comparable Market Value. Would you represent me knowing that I am "giving my house away" AND will have an opportunity to sell and close quickly? You just said you try to get the highest amount while I Never ask the highest I can get, I want the fastest close which means I HATE uneccessary delays that come with unprepared and poorly "qualified" buyers. Do the buyers have 20% down, a fully approved loan and high credit score, good jobs and job history? I do not care about talk or coulda and shoulda. Money talks to me, not NO Down Payment scams and GSE mortgages. Miss Buyer if you have REAL money today I am ready to sell TODAY at a lower price. Can you handle that as a Buyers agent?  @emilyfeagin2673 
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  13. Agreee! Show and Sell.  @SachsRealty 
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  14. I understand the issue well. I have been screwed over as a buyer and as a seller until I figured it out. I only buy or sell through my own broker. No longer can a broker colloquially called a "lister" shmooze around to get new listings and leave the difficult heavy lifting of SELLING to another agent under the guise of "fairness" and lack of Dual Agency. We have all heard the fast talking "Lister" who may have made millions ONLY because she convinced a prospective seller to list with her. No Ma'am! As a seller, I want YOU to sell my house and not pretend to sell it by having other agents who know NOTHING about my house to sell it. It is not possible to accurately list all amenities or pitfalls with black ink on white paper. Buyers are not just interested in some pretty photos and talk, they know what they need or want in the house they buy. I l prefer Dual Agency because as long as I am stronger ( ability to negotiate, and win ) than my adversary I am in control and not the broker. I will gladly pay the appropriate commission as seller/buyer who closes the deal quickly and with no problems. Six prcent? I don't care! 8%? I dont care. I do not want to hear "coulda, shoulda, woulda" talk. I want to sell or buy the property now! And not endure the never ending excuses why the property will not sell, when they said it would sell at the listed price. As a seller, I list in the bottom 1/2 of comparative listings to attract interest. All buyers and sellers are concerned about Price, I just don't mind "leaving a little equity on the table" for the next buyer. If everyone did this house prices would be more stable and the present "Listers" would have to get their hands dirty and SELL. Bring me a qualified buyer today.
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  15. True. It is opaque to all except the agents involved, just like a Ponzi scheme. The losers only learn when they spent their money or it was extracted from them by the current system that feeds itself FIRST.
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  16. Have you ever heard this inanity? "And here is the bedroom where you can sleep, and here is the kitchen where you can prepare and eat meals? Haha .This is selling?
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  17. As a highly qualified and motivated buyer I am willing to pay you the Buyers agent what I think you are worth to me in the transaction. Did you cost me money or save me money? I will pay you up to ten percent of the selling price but FIRST you MUST represent ONLY my interests. How can you do this? I will not make an offer unless I know the exact reasons for the house to be listed Today. When I make an offer I will respond to the counter offer ONE TIME ONLY. My interests in buying a property are in areas not familiar to most other buyers. I am looking for the 5-7 D's of real estate. I know that money is made in real esatet when you BUY a property not when you sell. Markets can go up or go down in a cycle and as long as I am prudent and buy LOW when the cycle drops again I can sell at almost any price quickly. This will help you represent other buyers who want a deal 10% or more below comps. All of my listing prices are in the low range for fast sales. Being a GOOD buyers agent requires knowing how to help your buyer spend their money. Why should I do your work for you? I find ways to learn about the real reasons for a sale. Debt, divorce, drugs, disease, death, destruction and more confronts most of us. This is when I like to buy. I just want to help the seller get out of their predicament.  @soniasbooks 
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