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Doug Miller Doug Miller is offline
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Default best to to buy directly from owner?

In article .com, WDS wrote:
On May 3, 9:09 pm, Tim Smith wrote:
In article . com,

Dycha wrote:
It does not matter .. I just pointed out holes in your reasoning. The
OP thought outside the box ..and does not want to follow "commonly
accepted" rules, hoping to save some $$$ ...


Why would the buyer save some $$$? It's the seller who would save $$$,
and he has no reason to give any of that to the buyer.


It would go something like this:

Seller and agent list house for $100,000. Agent gets 7% ($7000) if it
sells. Buyer pays $100,000 and seller gets $93,000.

Buyer off the street comes in and says to seller "I will buy for
$95,000 straight up and screw the agent." Buyer pays $95,000 ($5000
less) and seller gets $95,000.($2000 more).

Whereupon the agent sues the seller for the $6,650 that he's now due under the
listing contract, plus legal fees.

After losing the suit, and paying for both his own attorney *and* the agent's,
seller winds up netting about $75K and a whole lotta hassle.

--
Regards,
Doug Miller (alphageek at milmac dot com)

It's time to throw all their damned tea in the harbor again.