T&T: Buyer's Broker

[Scott Bulger]

On Thu, Jun 25, 2009 at 5:15 PM, Gil Johnson <dogtrawler at yahoo.com> wrote:

>
> Scott Said: If it were me I'd go into the purchase solo and say to the
> listing broker, you get the deal, but you need to cut your commission from
> 10% to 6.  You save the 4 and he still makes 1% more than if you brought a
> broker to the table.
>
> Reply:  In today's economy that might work.  However, in the not to distant
> past many brokers would rather you bring in a buyers broker than take even a
> part of the buyer's broker cut out of the price if you came alone.


Clearly this doesn't work for everyone.  I just bought a house.  We did the
deal at the kitchen table.  No real estate agents, no lawyers, downloaded
the Purchase and Sale agreement from the Internet.  We split the commission
savings 50/50.  They got $30,000 more than a full price offer and I saved
$30,000.  They paid a month of rent back because we closed the deal in 6
days.  Yes, we closed in 6 days.  Oh, they also saved tens of thousands on
their next home purchase because it would have been financed at investment
property rates rather than as a primary residence.  Karma, what goes around,
comes around.

In this market there are 100 sellers for every buyer.  If your knowledgeable
or know someone who is, finding and purchasing a boat has never been
easier.  If you don't know what your looking for, well, I'd wait and go on
as many boat rides as I could so I could refine my desires.  There is a
broker in Seattle I would recommend.  Mike Locatell at Adventure Yachts.  He
sold my Camano.  He was recommended by a friend.  He seems like a nice guy
and would probably do a pretty good job for a buyer.  However he's a blow
boat guy just learning the stinkpot world.  Still a guy you can trust is a
guy you can trust.  Thats my perspective, anyway?

Scott Bulger, Boatless in Seattle