Home Buyers: Save tens of thousands
Posted in the Top Stories Forum
#1 Aug 25, 2013
Get a real estate attorney to do the paperwork instead of a realtor and save a fortune, and save yourself from being caught up in a realtor scam.
Lawyers will protect your interests, but realtors and brokers scam their clients all the time. Theyre basically above the law because theyve paid legislators to write laws that prevent them from ever being sued. Brokers get half of the agents fees even though they do nothing.
Agents for buyers want their clients to pay the highest price so they get a larger commission. They dont warn clients of dangerous or costly conditions, etc. Realtors have been caught directing clients to loans that have hidden clauses that cost people to lose their homes a few years later. Some scam the clients and end up buying the homes themselves very cheaply.
All you have to do is check for sale by owner sites, Craigs List, etc. and find your home.
If both buyers and sellers avoid realtors, they can save about $20,000 on a $300,000 house, so the actual sale price could start out at $280,000.
If you call a realtor and ask which homes they list, stating that youre representing yourself as buyer, be sure not to let them scam you by directing you to homes they dont list, which makes them your agent for that home. If that happens, get up and walk out, then complain to the broker and put it on Topix.
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