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	<title>Comments on: Buying without an Agent &#8212; the Epilogue</title>
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	<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/</link>
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		<title>By: Kary L. Krismer</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324978</link>
		<dc:creator>Kary L. Krismer</dc:creator>
		<pubDate>Thu, 11 Sep 2008 21:21:09 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324978</guid>
		<description>I was comparing that to the services that help with short sales.  Also, it just shows that there is a bit of enforcement out there to prevent the unauthorized practice of law.</description>
		<content:encoded><![CDATA[<p>I was comparing that to the services that help with short sales.  Also, it just shows that there is a bit of enforcement out there to prevent the unauthorized practice of law.</p>
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		<title>By: craig</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324976</link>
		<dc:creator>craig</dc:creator>
		<pubDate>Thu, 11 Sep 2008 21:19:07 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324976</guid>
		<description>Kary -- how is that related?  I don&#039;t understand your point.</description>
		<content:encoded><![CDATA[<p>Kary &#8212; how is that related?  I don&#8217;t understand your point.</p>
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		<title>By: Kary L. Krismer</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324970</link>
		<dc:creator>Kary L. Krismer</dc:creator>
		<pubDate>Thu, 11 Sep 2008 19:08:25 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324970</guid>
		<description>On a related note, the AG shut down an on-line divorce service, as being the unauthorized practice of law.

http://seattlepi.nwsource.com/local/378631_divorce11.html</description>
		<content:encoded><![CDATA[<p>On a related note, the AG shut down an on-line divorce service, as being the unauthorized practice of law.</p>
<p><a href="http://seattlepi.nwsource.com/local/378631_divorce11.html" rel="nofollow">http://seattlepi.nwsource.com/local/378631_divorce11.html</a></p>
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		<title>By: craig</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324781</link>
		<dc:creator>craig</dc:creator>
		<pubDate>Tue, 09 Sep 2008 15:36:29 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324781</guid>
		<description>Reba -- an interesting idea.  However, I think you will have a difficult time convincing people they need to hire two separate agents.  As for potential liability, I don&#039;t think there would be any exposure beyond that of the &quot;regular&quot;/first agent, if that.  You could limit your exposure by having the client sign a fee agreement noting the scope of your representation/consultation.</description>
		<content:encoded><![CDATA[<p>Reba &#8212; an interesting idea.  However, I think you will have a difficult time convincing people they need to hire two separate agents.  As for potential liability, I don&#8217;t think there would be any exposure beyond that of the &#8220;regular&#8221;/first agent, if that.  You could limit your exposure by having the client sign a fee agreement noting the scope of your representation/consultation.</p>
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		<title>By: Reba Haas</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324756</link>
		<dc:creator>Reba Haas</dc:creator>
		<pubDate>Tue, 09 Sep 2008 04:39:43 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324756</guid>
		<description>Ardell, do you think we could start a whole new business based on second opinions?  It could be a fee for service model that had a paid amount for what would be pretty much the same as a BPO (broker price opinion) similar to what some government contracts require, etc. Basically a fee for viewing a property, providing a CMA, and any other notes from a physical walk through.

On the other hand, E&amp;O insurance would likely not cover such a model and it would or could be fraught with lots of legal liability.

Craig?  Your take?</description>
		<content:encoded><![CDATA[<p>Ardell, do you think we could start a whole new business based on second opinions?  It could be a fee for service model that had a paid amount for what would be pretty much the same as a BPO (broker price opinion) similar to what some government contracts require, etc. Basically a fee for viewing a property, providing a CMA, and any other notes from a physical walk through.</p>
<p>On the other hand, E&amp;O insurance would likely not cover such a model and it would or could be fraught with lots of legal liability.</p>
<p>Craig?  Your take?</p>
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		<title>By: ARDELL</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324449</link>
		<dc:creator>ARDELL</dc:creator>
		<pubDate>Fri, 05 Sep 2008 21:50:32 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324449</guid>
		<description>Colin,

That&#039;s the part agents don&#039;t understand.  Some people don&#039;t want to look at houses with agents, because it makes them feel obligated to buying something some day.  Most people only want to commit to buying IF it feels like the right thing to do at the time, and they want the option to rent at the end of it.  When they go around with an agent, they feel like they are in advance agreeing to buy something.

I like the idea of someone hiring me to look at their final choice or choices to help them focus on the things an agent sees that buyers sometimes do not.  In fact there should be &quot;Second RE Opinion.com&quot; LOL  RE is one of the only industries that does not grant the consumer the option of getting a second opinion before making a huge commitment.</description>
		<content:encoded><![CDATA[<p>Colin,</p>
<p>That&#8217;s the part agents don&#8217;t understand.  Some people don&#8217;t want to look at houses with agents, because it makes them feel obligated to buying something some day.  Most people only want to commit to buying IF it feels like the right thing to do at the time, and they want the option to rent at the end of it.  When they go around with an agent, they feel like they are in advance agreeing to buy something.</p>
<p>I like the idea of someone hiring me to look at their final choice or choices to help them focus on the things an agent sees that buyers sometimes do not.  In fact there should be &#8220;Second RE Opinion.com&#8221; LOL  RE is one of the only industries that does not grant the consumer the option of getting a second opinion before making a huge commitment.</p>
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		<title>By: Colin</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324446</link>
		<dc:creator>Colin</dc:creator>
		<pubDate>Fri, 05 Sep 2008 21:43:07 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324446</guid>
		<description>Thanks Kary: Redfin provides at least some price history, though once you go back more than a few years it&#039;s not clear how to interpret it, as prices have risen so much -- nonetheless it&#039;s interesting to see how often a property has changed hands.  On search, none of the commercial sites has gotten it down yet, but if you are focusing on a few neighborhoods it&#039;s not too much hassle using an imperfect search, plus tracking properties a little outside my preferred parameters has been educational.  Right now Redfin does the best job for me of quickly getting to the relevant data and pictures.

Re options it&#039;s good to have folks like Craig as well as the discount brokers. I&#039;d rather pay cash on the barrel for a specified service than leave it for the eventual commission.  Partly this is because I want to keep the option of not buying, and I&#039;d feel crappy having a buyer&#039;s agent do lots of work and then not making a commission-generating purchase.  I like Ardell&#039;s consulting idea: there are moments when you really want a focused conversation with an expert.</description>
		<content:encoded><![CDATA[<p>Thanks Kary: Redfin provides at least some price history, though once you go back more than a few years it&#8217;s not clear how to interpret it, as prices have risen so much &#8212; nonetheless it&#8217;s interesting to see how often a property has changed hands.  On search, none of the commercial sites has gotten it down yet, but if you are focusing on a few neighborhoods it&#8217;s not too much hassle using an imperfect search, plus tracking properties a little outside my preferred parameters has been educational.  Right now Redfin does the best job for me of quickly getting to the relevant data and pictures.</p>
<p>Re options it&#8217;s good to have folks like Craig as well as the discount brokers. I&#8217;d rather pay cash on the barrel for a specified service than leave it for the eventual commission.  Partly this is because I want to keep the option of not buying, and I&#8217;d feel crappy having a buyer&#8217;s agent do lots of work and then not making a commission-generating purchase.  I like Ardell&#8217;s consulting idea: there are moments when you really want a focused conversation with an expert.</p>
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		<title>By: craig</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324445</link>
		<dc:creator>craig</dc:creator>
		<pubDate>Fri, 05 Sep 2008 21:42:53 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324445</guid>
		<description>Ardell -- yep, we&#039;re working to move in that direction.  Also, don&#039;t forget that there are agents/brokers out there who offer &quot;fee for service&quot; type arrangements, such as &lt;a href=&quot;http://www.rtbrokerage.com/&quot; rel=&quot;nofollow&quot;&gt;RT Brokerage Services&lt;/a&gt;.</description>
		<content:encoded><![CDATA[<p>Ardell &#8212; yep, we&#8217;re working to move in that direction.  Also, don&#8217;t forget that there are agents/brokers out there who offer &#8220;fee for service&#8221; type arrangements, such as <a href="http://www.rtbrokerage.com/" rel="nofollow">RT Brokerage Services</a>.</p>
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		<title>By: ARDELL</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324441</link>
		<dc:creator>ARDELL</dc:creator>
		<pubDate>Fri, 05 Sep 2008 21:03:06 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324441</guid>
		<description>Craig,

I think you should combine your model with a cheap mls service for maximum benefit to your clients.  Say a Craig + MLS4U.  I think that would increase the chances of a home being seen and in the mls.  Just an example.  I think that would be better advice than Craig + no MLS exposure at all.  Maybe you do that already.  Most FSBOs are willing to pay a buyer agent, so it only costs them a little more to gain maximum exposure.

So yes, &quot;trying&quot; FSBO could be optimal for many, especially with decreasing equity positions.  But adding the MLS component would be more of a best effort in that regard.

I&#039;m thinking buyers would benefit from an agent flat fee package similar to the seller MLS4U package.  An agent who will come to your final choice and make sure you see what they see.  An agent who will come to the inspection and make sure you hear what they hear.  I&#039;ve had a few people ask me to come to their final two choices as a consultant for $500.  I&#039;ve had a seller want me to come and just give him my full $02 for $500 and be able to call me back if and when the need arises.

It seems there is a need and desire for agent consulting services to complement some of the too stripped down options.  Seems the consumer can build a package of services at much less cost by combining a few of them.  You might want to show your clients a few options to complement your service that leave them better represented all the way around, both at the house, in the mls, and during contract to close.

Three $1,000 services, for most price ranges, might give them everything they need at a much reduced cost.</description>
		<content:encoded><![CDATA[<p>Craig,</p>
<p>I think you should combine your model with a cheap mls service for maximum benefit to your clients.  Say a Craig + MLS4U.  I think that would increase the chances of a home being seen and in the mls.  Just an example.  I think that would be better advice than Craig + no MLS exposure at all.  Maybe you do that already.  Most FSBOs are willing to pay a buyer agent, so it only costs them a little more to gain maximum exposure.</p>
<p>So yes, &#8220;trying&#8221; FSBO could be optimal for many, especially with decreasing equity positions.  But adding the MLS component would be more of a best effort in that regard.</p>
<p>I&#8217;m thinking buyers would benefit from an agent flat fee package similar to the seller MLS4U package.  An agent who will come to your final choice and make sure you see what they see.  An agent who will come to the inspection and make sure you hear what they hear.  I&#8217;ve had a few people ask me to come to their final two choices as a consultant for $500.  I&#8217;ve had a seller want me to come and just give him my full $02 for $500 and be able to call me back if and when the need arises.</p>
<p>It seems there is a need and desire for agent consulting services to complement some of the too stripped down options.  Seems the consumer can build a package of services at much less cost by combining a few of them.  You might want to show your clients a few options to complement your service that leave them better represented all the way around, both at the house, in the mls, and during contract to close.</p>
<p>Three $1,000 services, for most price ranges, might give them everything they need at a much reduced cost.</p>
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		<title>By: Kary L. Krismer</title>
		<link>http://raincityguide.com/2008/08/29/buying-without-an-agent-the-epilogue/#comment-324426</link>
		<dc:creator>Kary L. Krismer</dc:creator>
		<pubDate>Fri, 05 Sep 2008 18:09:45 +0000</pubDate>
		<guid isPermaLink="false">http://raincityguide.com/?p=2235#comment-324426</guid>
		<description>Craig, I&#039;d argue you&#039;d be better off with a discount broker, such as Redfin or the super-discount brokers.  That way you get on the MLS.

As to the neutral comment, I was talking about your website, not your role in any particular transaction.  Explain what you can do as an attorney alone and as an attorney working with an agent.</description>
		<content:encoded><![CDATA[<p>Craig, I&#8217;d argue you&#8217;d be better off with a discount broker, such as Redfin or the super-discount brokers.  That way you get on the MLS.</p>
<p>As to the neutral comment, I was talking about your website, not your role in any particular transaction.  Explain what you can do as an attorney alone and as an attorney working with an agent.</p>
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