Here’s why home buyers should be optimistic – as demand falls off, it will probably be a wide-open playing field for the rest of 2024! No seller is going to be dumping on price though, especially the sellers of the better homes that you want to buy. You gotta be able to dig them out.
Creative and tactical lowballs can do that!
My last version from July 1st:
https://www.bubbleinfo.com/2024/07/01/the-rest-of-2024/
Can I now not call listing agent and look at a home as a buyer without signing a contract with some agent?
Civilians have to sign something to see a house.
In California it means you have a written agreement with your buyer-agent via the BRBC (Buyer Representation and Broker Compensation Agreement), or you signed the PSRA (Property Showing and Representation Agreement) which stipliates up to three properties that you are seeing with the agent and if you buy one of them, they get paid.
Or you signed the OHNA (Open House Visitor Non-Agency Disclosure and Sign-In) to be able to look around an open house.
The only way you won’t have to sign something is if you go to an open house and tell them you’re an agent with Century 21.
I wonder if physically looking at a house is even nessasary anymore.
You can put in almost any address and get a street view of the house. With all the different map utilities online you know the neighborhood. If the listing agent put up halfway decent pics you can quickly decide if the interior will work.
What you can’t do is get visability into all the pocket listings.
I’m starting to wonder if as the market starts slowing and because realtors are greedy (pocket listings) that you might see more buyers agents.
Buyers have to go out of their way to buy direct from the listing agent. After you’ve been around for a while you realize that the perceived discount you get without having a buyers agent can get washed through in all kinds of different ways. In the end you realize that buying a house is convoluted and silly by design. It just makes more sense to be represented by a good agent.
That’s rather nuts. I bought a lot of properties when younger. Now that I have the means to buy many more, and would like to, they’ve made it so difficult it ain’t worth my time anymore. Between dealing with the agents you discuss here (difficult to say the least) the more I get to a place when I don’t need to make more $, the less I feel like dealing with RE.
Seems like it’s been one thing after the other to turn me (and I’m sure others) off real estate
Never liked using a buyers agent when younger/poorer because I felt like I was wasting their time looking for the best deal possible (out of necessity) and looking at so many properties.
I’d now call you to sell some properties when time is right.
I’d now call you to sell some properties when time is right.
Great – I look forward to meeting you!