Buying property without a realtor

[oink]

The commission rate is negotiable.

Pua`a
S. FL
Big Islander to be.

[ericlp]

This is my second property purchased this way. Just get it all notarized. Make sure they are on the title... Spending money on a Realtor and or title company is just insane. I'd never do it again. You can write it all up yourself and take it down to the county and process it. IE, have the title transferred into your name.

Paying title insurance or Realtor fee's for property under 20 grand is just crazy IMO. But it looks like you already did the hard part. Located the buyer via county records and you already agreed to a price.

It just amazed me when I read all the fine print after selling some property on the mainland to exactly what I paid 3K dollars for split... The fine print pretty much said even if you found a problem or mistake the title company could not be held liable. So what's the point? The only thing they do is hold the money and when the property get recorded they pass the money to the buyer. Still if for some reason you got scammed they would do nothing since they are not held responsible in any way. Read that fine print.


Tho, usually it's the seller that absorbs the fees not the buyer. So hopefully you got a really sweet deal.

[okedokey]

Title insurance insures clear title, nothing more. And yes commissions are negotiable. They are also split 50/50 between listing and selling agent. Then split again with the Broker and the agent that makes the sale or listing. And because real estate is a "sales" job, there is a tremendous amount of work done with no compensation. Having said that, nothing wrong with doing it yourself through a title company if you have the facts.

[Kapohocat]

We used no realtor but did use title company. Cost us about $400.
I thought it was worth it.

[janeadams]

We did a hybrid, or course. Selling our Maui house was by fsbo, with a title insurance co involved.

Buying here was odd. Knew nearly nothing about the BI, knew exactly what we were looking for, and chose a realtor who put his associate on keeping us happy with places to go out to see in remote areas, and shepherding the paperwork through the process (had to be back in Maui still.) Owner of the realty co always seemed to be looking at us quite suspiciously.

Took about a month for offer, walking the property as best we could, pinfinder and paperwork. Then it was ours.

One of the things that bothers me is the number of people who come here and have no idea of the climate, people or services available. There are people who have bought up here in Ka'ohe Homesteads who have no idea where their pins are.

I know you've been here a good long time, and know the "lay of the land". Enjoy that new lot!

Jane

[rusty h]

good for you for searching out the owner and going the route you are doing. i did the same on buying and selling a lot. realtors are great for some things and for some peoples needs but in this case you did the smart thing. peace

[topograph]

quote:

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Originally posted by janeadams


One of the things that bothers me is the number of people who come here and have no idea of the climate, people or services available. There are people who have bought up here in Ka'ohe Homesteads who have no idea where their pins are.

Jane

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I know! We were surveying down one side of our current lot when one of our neighbors struck up a conversation, during which he said he'd owned his place for 2 years and had never been all the way to the back. How do you know where to build if you don't know what you have?

[KeaauRich]

quote:

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Originally posted by topograph

quote:

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Originally posted by janeadams


One of the things that bothers me is the number of people who come here and have no idea of the climate, people or services available. There are people who have bought up here in Ka'ohe Homesteads who have no idea where their pins are.

Jane

---

I know! We were surveying down one side of our current lot when one of our neighbors struck up a conversation, during which he said he'd owned his place for 2 years and had never been all the way to the back. How do you know where to build if you don't know what you have?

---

I own two properties and I'm semi-embarassed to say I haven't been to the back of either one of them [V]

When your 2.5 acre property is only about 125 feet wide, you start at the street and go back as far as you can afford to pay for electric poles, and then you stop and build. Everything else behind the house is buffer.

[topograph]

Since one of the main reasons we want to buy this lot is to increase our side buffer, I can empathize. But exploring the back has been such an adventure; we found a pond, some wetland bog type area and a cool lava rock feature. BUT- none of this would have been possible without our trusty Shindaiwa weed-wacker!

[terracore]

What kind of weed whacker do you have? I assume they have many models. I have 2 whackers, and a Swisher, and for the most part all three of them just piss me off. I would like to upgrade when I can afford it.