max power Posted June 18, 2012 Report Share Posted June 18, 2012 I'm looking into buying a bank owned house. It has a realtor sign in the front yard. To get a showing and basic information, should I call her or get my own realtor?if you know a good local realtor are you can post their info up, but they will have to be someone who has my best interest at heart. I'm kind of a prick to work for. Quote Link to comment Share on other sites More sharing options...
izhe4rael Posted June 18, 2012 Report Share Posted June 18, 2012 The only time you might need a realtor is if you were searching for a bank owned properties in general. A realtor would then organize a bunch of properties for you to review. Since it sounds like you already have a place in mind you don't really need one. You should be able to call, get basic info and schedule a showing through the person on the sign. If the property is in Franklin County you can also do research through: http://www.franklincountyauditor.com/. There is lots of good information on that site. Quote Link to comment Share on other sites More sharing options...
bowdog Posted June 18, 2012 Report Share Posted June 18, 2012 I did not use a realator when i purchased mine. Quote Link to comment Share on other sites More sharing options...
Carwhore Posted June 18, 2012 Report Share Posted June 18, 2012 you selling ur house bubby? Quote Link to comment Share on other sites More sharing options...
jblosser Posted June 18, 2012 Report Share Posted June 18, 2012 Since the seller normally pays the listing agent/Realtor fees, why not use one?Get an inspection, whatever you do. The bank probably won't fix anything, but at least you won't be buying blind. Quote Link to comment Share on other sites More sharing options...
Tonik Posted June 18, 2012 Report Share Posted June 18, 2012 Since the seller normally pays the listing agent/Realtor fees, why not use one?Get an inspection, whatever you do. The bank probably won't fix anything, but at least you won't be buying blind.This is the correct answer. If you get a realtor the selling realtor will end up splitting their commission with your realtor. So you get their help for free. Quote Link to comment Share on other sites More sharing options...
Hwilli Posted June 18, 2012 Report Share Posted June 18, 2012 If you dont use one, negotiate 3% off the price, otherwise the agent will act as a dual agent and pocket it. Quote Link to comment Share on other sites More sharing options...
CBBaron Posted June 18, 2012 Report Share Posted June 18, 2012 If you dont use one, negotiate 3% off the price, otherwise the agent will act as a dual agent and pocket it.+1Everything is negotiable is a real estate transaction. If you do not have your own Realtor then the sellers realtor stands to make double commission. Why not get some of it back.However if you are shopping for homes get a realtor. They will work for you but be paid out of the sale. You can do alot yourself, but it easier for a realtor to get in to see houses are find out about potential places for you.Craig Quote Link to comment Share on other sites More sharing options...
max power Posted June 18, 2012 Author Report Share Posted June 18, 2012 you selling ur house bubby?If I buy the one I'm looking at, then yes. And no realtors will be involved in the sale of my house. I ain't paying those sharks nuttin! Quote Link to comment Share on other sites More sharing options...
jblosser Posted June 18, 2012 Report Share Posted June 18, 2012 If you dont use one, negotiate 3% off the price, otherwise the agent will act as a dual agent and pocket it.Listing agent will get whatever the listing contract stipulates - whether they split it with a buyer's agent or not.My general understanding - I'm not a Realtor/listing agent. Quote Link to comment Share on other sites More sharing options...
imaposer Posted June 18, 2012 Report Share Posted June 18, 2012 If you already have a house picked out, you surely don't need one. Use the fact that there will only be one realtor to pay a commission to to get a better price. A real estate attorney would be a better choice.I have never understood why people think a buyers agent is a good idea. They only get paid if you buy something, and get paid more the higher price they can get you to pay. There is zero incentive for them to keep a buyers best interest in mind. Quote Link to comment Share on other sites More sharing options...
namtugeoj Posted June 18, 2012 Report Share Posted June 18, 2012 buy mine instead. Just lowered the price again. Quote Link to comment Share on other sites More sharing options...
max power Posted June 18, 2012 Author Report Share Posted June 18, 2012 (edited) I have never understood why people think a buyers agent is a good idea. They only get paid if you buy something, and get paid more the higher price they can get you to pay. There is zero incentive for them to keep a buyers best interest in mind.Good point.buy mine instead. Just lowered the price again.You couldn't pay me enought to live in Pickerington. Cookie cutter neighborhoods aren't my thing. If I can't piss off my back porch while screaming obsceneties without the cops being called, I'm not interested. Edited June 18, 2012 by max power Quote Link to comment Share on other sites More sharing options...
imaposer Posted June 18, 2012 Report Share Posted June 18, 2012 If I can't piss off my back porch while screaming obsceneties without the cops being called, I'm not interested.Well then, buy mine. I'm looking to sell and I do that nightly. Quote Link to comment Share on other sites More sharing options...
namtugeoj Posted June 18, 2012 Report Share Posted June 18, 2012 Good point.You couldn't pay me enought to live in Pickerington. Cookie cutter neighborhoods aren't my thing. If I can't piss off my back porch while screaming obsceneties without the cops being called, I'm not interested.who says I don't do that? Quote Link to comment Share on other sites More sharing options...
magley64 Posted June 18, 2012 Report Share Posted June 18, 2012 (edited) Listing agent will get whatever the listing contract stipulates - whether they split it with a buyer's agent or not.My general understanding - I'm not a Realtor/listing agent.this, (typically 7%) comes out of seller's pocket at point of sale regardless of selling price, or how many agents it's split between.If it's already listed with an agent, get a realtor of your own. Make sure they are personally a member of the national association of realtors (not just their agency). Edited June 18, 2012 by magley64 Quote Link to comment Share on other sites More sharing options...
Bad324 Posted June 18, 2012 Report Share Posted June 18, 2012 thank god I have an awesome Realtor, shes made this process amazing for me since I'm a house buying noob Quote Link to comment Share on other sites More sharing options...
sParkSnare Posted June 18, 2012 Report Share Posted June 18, 2012 I'd highly recommend using a buyer's agent rather than a general real estate agent. I've used a buyer's agent for each (both) of my home purchases and wouldn't do it any other way. There's lots of info on the internet re: the benefits of using a buyer's agent so I won't get into that. PM me if you want to know who I used when I bought my house in Hilliard - I've recommended him to several friends and they've all been very happy with him.Also, here's a Columbus Dispatch article I just found that you may find helpful:http://www.dispatch.com/content/stories/home_and_garden/2010/07/25/buyers-agent-a-good-teammate-in-foreclosure-purchase.html Quote Link to comment Share on other sites More sharing options...
Ron505 Posted June 18, 2012 Report Share Posted June 18, 2012 We used the agent on the sign when we bought our bank owned property. The bank required them to show us the house, and do the closing. It was not a local bank. Quote Link to comment Share on other sites More sharing options...
Gump Posted June 19, 2012 Report Share Posted June 19, 2012 Same one we looked at still? Quote Link to comment Share on other sites More sharing options...
max power Posted June 19, 2012 Author Report Share Posted June 19, 2012 Same one we looked at still?No, this one is way better. 2200 sq./ft. With a huge pole barn in the woods and still CW schools. Quote Link to comment Share on other sites More sharing options...
bowdog Posted June 19, 2012 Report Share Posted June 19, 2012 No, this one is way better. 2200 sq./ft. With a huge pole barn in the woods and still CW schools.Where is it located? Address??? Quote Link to comment Share on other sites More sharing options...
max power Posted June 19, 2012 Author Report Share Posted June 19, 2012 Where is it located? Address??? I'll tell you after I buy it. Quote Link to comment Share on other sites More sharing options...
Gump Posted June 20, 2012 Report Share Posted June 20, 2012 lol....POLE BARN!!! Will be your primary residence.... Quote Link to comment Share on other sites More sharing options...
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