Posted by Frank 41 on October 19, 2016 at 15:35:57 from (50.109.125.233):
In Reply to: OT: house buying posted by Mike M on October 19, 2016 at 08:50:57:
I had a brokers license once and worked for the owner broker. She would split the fee with the listing broker and if I was buying the property, I didn't have to pay her. She quit and so did I because of insurance and there were realtors for the buyer and seller and high priced insurance. The costs and schooling became about 5 times higher and things got more complicated. Back then the normal fee was 5 to 6% and you could get that lowered if it was an easy and quuick sale. Now there are buyer and seller premiums which is a ripoff.
If I were in your shoes, I first would get the property(house) inspected. If you are savvy about trading, I wuld bypass realtor, lawyer, etc. If you can read and understand the contracts, go with it on your own and keep your eyes open. If you are dealing with a seller that has financial and or title problems, then I would get a lawyer. Those get sticky and could bit you.
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