Easy on the hateMike Milovick is not fear mongering, just stating fact
Private sales often make use of forms different, and unfortunately often with less clarity on situations when things go wrong and less protections - especially for buyers - than Realtor`s provide
It does not need to follow from this that you have to make use of a realtor. After re-reading the posts in this thread it is clear that he has not claimed this. He has just brought up a good point - that realtor`s can offer segmented services for a fraction of the cost of what they provide for full service, and these services can often be cheaper than going through a lawyer on some of the same.
Also of note is that some realtors have a lot more knowledge to offer than can be gained from "a minimal amount of correspondence courses" - and can provide significant added value to someone making use of their services beyond the cost of their fee. I`d rather not pay $10 at Staples and pay significantly more to gain insight from someone like Mike Milovick on a transaction - someone who has managed over 400 units, has owned a significant rental portfolio for a long period of time, and is also VP of WRAMA - www.wrama.com-
Transactions sometimes don`t close as expected, and not all purchases and sales are of tract subdivision housing where an exact value is easily determined. Especially for an investor, realtor`s can add significant value.
QUOTE (Berubeland @ Dec 6 2010, 09:50 AM) I am absolutely disgusted with Mike`s fear mongering. It`s sour grapes at its finest. You act like real estate agents are some kind of legal experts instead of people who have taken a minimal amount of correspondence courses.
Truth is that every single deal is overseen by a lawyer for a good reason. Furthermore if it weren`t for cut and paste technology you`d be even further up the creek.
The Agreement of Purchase and Sale is a simple fill in the blank form. It can be purchased at Staples for 10$ in disk form.
Get over yourself, this is like me insisting that every owner should hire a property manager or someone to rent out their place. I provide a good service for those who choose to use them. I am not essential and neither are you. People who don`t use my services save money and so do people who don`t use your service. It`s not rocket science.
Ridiculous