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I don't know how often seller's actually make concessions to pay for buyer-incurred costs in a RE transaction, but...Doesn't this really point to REAs engaging to represent buyers who are not really ready to buy (i.e., not enough money saved to cover their own expenses)? I'm not talking about concessions due to inspection items, etc.
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Amusing. No real nefarious intent, just asking questions on a forum."Once again the unscrupulous REA is out to screw the buyer just to make a buck."Really? Actually, my primary observation on the matter is that there are many people who do not really understand what they are doing, and end up making bad decisions on potentially the largest financial transaction they will ever make.A sales person's job is to sell. No issue with that. But, many REAs promote themselves as more than a sales person, as a person whose desire is to provide a service to a client, to look out for their client's interests."In real life, when we put a deal together, the people involved are happy, and they don't care what bloggers think."True, unless/until it starts to fall apart...a year-or-more down the road. Always happens? Nope. But, happened enough in recent memory that it should still merit some discussion - especially if the potential exists for the experience to be repeated.As for "...they don't care what bloggers think", you're pretty much dead on. Given that, the responses are somewhat counter-intuitive, as the only thing the responses do is bump the thread back into the realm of "visible".Beyond that, the reality is that those most likely to make bad decisions are probably the least likely to read these forums (or, for that matter, anything else that might help them educate themselves on the matter)."The problem of 2007, to my mind, was in Wall Street mispricing the risk and being undercapitalized for their exposure in the market place. Am I directing blame away from real estate agents? No, not really."The problem of 2007 can be laid at the feet of many. But, 2007 was the culmination of many bad decisions. Amongst them, consumers over-extending themselves to get into a market they had no business in. And, while I truly believe consumers bear responsibility for their decisions, there was no shortage of REAs who were encouraging their behavior (and, in more than one case, participating)."The person who is assumed in this discussion to be "not ready to buy" has to live somewhere. Where's the angst toward unscrupulous landlords that are willing to rent homes to these pitiful folks who just get by."I don't know where the "angst" is. At the risk of sounding completely unsympathetic to the plight of the "pitiful folks who just get by", it may, or may not, be an issue. Either way, it's not really germane to the immediate discussion - but it could be an interesting topic for a thread under "Rentals"."Is it OK with y'all if a cash buyer makes a Seller pay his closing costs, just because they can, for the sake of frugality."Speaking for myself, "yep" (not that either of us really believes my permission is needed, or means anything). In my opinion, any buyer should be allowed to ask for anything they think will help their position. My original question had nothing to do with restricting a buyer's ability to ask for concessions from the seller. It had more to do with a perception that some buyers really aren't ready to buy...even if they have desire, decent credit/jobs, and a few dollars set aside for knick-knacks."I love the presumption that REA's are out looking for unqualified Buyers to turn into qualified Buyers by using the Seller assist trick."Actually, that's not "the presumption", leastways, not mine (although there is a certain amount of "sensationalization" that goes into crafting a thread's title). If it was, then there'd be no reason to ask the question. As difficult as it may be to believe, it is a sincere question - based on observing questions/answers on these forums....bump
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