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Old 04-02-2016, 10:30 PM
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dt37803 dt37803 is offline
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Purchase lake lot

Well after a year or so we found the lakefront lot where we will build our retirement home. What I need help with is should we make an offer through the listing agent or get another agent involved to make the offer? The lot is in an Estate of the dad and the out of state son is executor. Is a 90% offer good or should we consider less. Lots are not selling at a fast pace here. What do you all think? It has been 20 years since we delt with a realtor.
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Old 04-02-2016, 11:57 PM
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epnault epnault is offline
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Get your own agent to work on your behalf.
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Old 04-03-2016, 01:39 AM
Todd1990 Todd1990 is offline
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Get your own

I sold real estate....my advice is to ALWAYS have your own independent representation. If you work with the listing agent, then they have a conflict of interest. Plus who will they be more loyal to? In addition, they may not be as fair as they should be because they will be licking their chops at the possible full 6% commission.

Just my .02
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Old 04-03-2016, 02:11 AM
J.Graham J.Graham is offline
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if you were going to court, would you ask the lawyer who is hired by the other side, (has a legal obligation and is fully representing the best interest of their client) to help you out?
This is a no brainer... Get your own independant representation. And get someone who is referred by people you trust and knows what they are doing (not the dude who sells the most homes in the area or the nephew of the neighbour who just got their licence. You need a pro! Your not playing around here!
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Old 04-03-2016, 04:10 AM
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Thrall Thrall is offline
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Depends how much $ you're talking and how certain you are of the value of the lot and if it's a risky purchase for any other reason that having your own buyers agent may help you with.
If you can answer all those questions to your own satisfaction pretty well and it's a cut n dry purchase then using the sellers agent as a dual agent could net you another couple percent.
I've done deals like this without issue.
Imo whatever gets you the lowest price and if the seller only has to cough up 4% realtors fee that extra discount is yours as you could have cost them the full 6% by having your own agent. Money in the sellers pocket is the same.
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Old 04-03-2016, 10:18 AM
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dt37803 dt37803 is offline
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Thanks guys. Here is a sneak peek

Last edited by dt37803; 04-03-2016 at 09:00 PM.
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Old 04-03-2016, 10:22 AM
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ap77 ap77 is offline
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Quote:
Originally Posted by dt37803 View Post
Thanks guys. Here is a sneak peek
Wow!!!! Looks amazing...

If it were me I would definitely get my own representation...good luck!
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Old 04-03-2016, 11:47 AM
melton1wake melton1wake is offline
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I say go with your own agent as well. The main issue is to make sure there is an extra slip for guest parking when you build the dock. Nice lot.
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  #9  
Old 04-03-2016, 02:41 PM
sr56 sr56 is offline
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Tellico Lake? Looks nice !
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Old 04-03-2016, 07:00 PM
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I'm going to against the grain a bit and say to use the listing agent. I did this when I bought my cabin. I knew what I was willing to pay and the other things I was willing to do/not do so by using the listing agent I figured she had a larger vested interest in making it work (double commission).
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