Beware of going without real estate agent
Original post made by homeowner Midtown on Sep 1, 2007
He locates properties and then he turns them over to the investors with the $$. A friend of mine was using a realtor and Jason came in as the buyer. This is what everyone needs to know. Jason then puts on the contract as Buyer - Jason Buzi and/or assignees. Now, if you are not real estate savy, this means that Jason can get out of the contract AT ANY TIME and then the next thing you know is some other "investor" is now the "buyer" and your property is at jeopardy of not closing. This is why they do not work with real estate agents. Say what you may about paying a real estate agent 5% commission but if it were NOT for the real estate agent in my friend's case, these [portion removed by Palo Alto Online staff] could have just kept the property in escrow forever.
[Portion removed by Palo Alto Online staff.] But then again, for those of you who think that paying a professional to sell your home is not worth it, maybe you deserve what happens to you [portion removed by Palo Alto Online staff.] Maybe we should change the saying to "SELLERS BEWARE" instead of "buyers beware". [Portion removed by Palo Alto Online staff.] My advice to my fellow neighbors of Palo Alto ----- beware. Midtown residents
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