What Is a Buyer’s Agent? Does a Home Buyer Need a Buyer’s Agent in Washington State?

October 9th, 2012 by Marc

WaLaw Realty Combines the Best Features of a Real Estate Agent with a Lawyer's Expertise

WaLaw Realty Combines the Services of a Real Estate Agent with a Lawyer’s Expertise and Duty to the Client

When getting ready to buy a home, people frequently wonder whether they need a buyer’s agent.  If they found the house themselves – which is common these days – then what value do they get from a real estate agent?  The truth is you don’t need an agent to find your next home.  However, only a naive buyer would try to navigate the home-buying process all the way through closing without the assistance of a professional.  The goal is to find a qualified professional who can provide the right assistance, for the right price. (more…)

The WaLaw Real Estate Agent Commission Rebate: How it Works, How You Save Money

September 14th, 2012 by Marc

Here at WaLaw, our No. 1 question from potential buyer clients is, “How does your rebate work?”  Or, as one potential client recently put it, “If we want to use you as our buyer’s agent, are you able to swoop in and collect that 3% fee?  Is the listing agency left out in the cold?”  While we love the image of WaLaw “swooping in” – It’s a bird.  It’s a plane!  It’s WaLaw!!” – the process isn’t quite that dramatic.  But we are able to capture the 3% commission and rebate it to our client without causing any problems whatsoever.  Here’s how:

We Work Within the Existing Real Estate Broker Commission System

The following illustrates the WaLaw rebate where the buyer (the woman) purchased a home for $500,00 and the seller (the man) offered the typical 3% commission to the buyer’s agent:

How WaLaw's Buyer Agent Commission Rebate Works

(more…)

Home Selling and Home Buying Savings in Seattle – Summer Edition

September 7th, 2012 by Claire

12 Closings in August = $187,260 in Rebates to WaLaw Clients

Have we mentioned lately how much we love our clients? In the month of August alone, we have had 12 clients close on their homes, and they collectively saved $187,260! No, that’s not a misprint, or a misplaced zero. Yes, our model really works!

As if the money wasn’t enough, they also had a great time – check out some of their testimonials. Congratulations to all of our August buyers and sellers.

 WaLaw Sellers:

Refined Kirkland 3 BR on 3/4 acre

 

 

Rebate: $5,693
Refined Kirkland 3 bedroom on 3/4 acre 

 

 

(more…)

Real Estate Agents Who Practice Law: Why It’s a Bad Thing

August 27th, 2012 by Marc

I just commented on a post on Rain City Guide by the prolific and highly-regarded blogger Ardell DellaLogia.  She raises an interesting issue regarding the interplay between an unsolicited cover letter enclosing an offer from a potential buyer and laws that prohibit discrimination.  As I note in my comment, the issue is worthy of some in-depth analysis.  But having just returned to the office from a one-week vacation — :-( — I simply don’t have the time for such research and thought.  (more…)

WaLaw + Redfin = $18,470 in Home Buyer Savings for Consumers

August 13th, 2012 by Marc

What savings look like

We’re pretty big fans of Redfin here at WaLaw.  They’re helping to change the way the real estate industry operates, for the better.  One of their big advantages is, like WaLaw, a fee lower than what is charged by a typical agent.  So when a Redfin seller sells to a WaLaw buyer, everyone saves a lot of money.  How much money?
On this transaction, total consumer savings (what our client saved, plus what the Redfin client saved) is $18,450.  (more…)

FOUR closings in July!

August 9th, 2012 by Claire

Oh where has the summer gone? Time flies when you’re busy….and rockets at WaLaw. We’ve had four clients this month celebrating a closing, check them out!  (more…)

Real Estate Agent Commissions and Fees: How They Work and How To Pay Less

July 19th, 2012 by Marc

WaLaw's Seller Commission Savings and Buyer Agent Commission Rebate

Seller Commission Savings and Buyer Agent Commission Rebate: Click to see the full infographic

Real estate agents have been charging a commission for a long time. This post will explain the process by which real estate agents get paid a commission, and what you can do to reduce that commission — and thus your costs — if you are thinking of buying or selling a home.

Real Estate Agent Commissions are Paid by the Seller

When a seller decides to sell her house, she signs a “listing agreement” with a real estate broker (commonly known as a real estate agent or realtor).  (more…)

Two Huge Closings Push WaLaw Rebates Over $1.3 Million

June 22nd, 2012 by Claire

West Seattle Home Buyers Saved $17,121 with a WaLaw Buyer's Commission Rebate

West Seattle Home Buyers Saved $17,121 with a WaLaw Buyer’s Commission Rebate

 

 

 

 

 

 

 

 

 

 

 

 

Congratulations to our clients who just closed on their BEAUTIFUL West Seattle home today. They saved $17,121 with WaLaw Realty, and have pushed our rebate total to over $1.3 million dollars. (more…)

The Economist view on traditional agents: “the realtor rip-off”

June 13th, 2012 by Claire

Why IS it so expensive to buy or sell a house in America?  We agree, people of The Economist.

If you’re in a particularly feisty mood, take a scroll through some of the comments…

Next Free Homebuying Seminar is June 20: Financing, Where to Get It, What Happens if It Fails

May 20th, 2012 by Marc

WaLaw Realty continues to conclude its 2012 series of Free Homebuyer Classes on June 20.  The final topic:

First Time Home Buyer Financing: Where to Get It, What Happens if It Fails

We’ll be discussing the various options concerning financing, how to find a lender who meets your needs, and how the contract can protect you if your financing fails.  As always, though, the real focus will be on the questions asked by the attendees, so even if you’re a seller you’ll be glad you came.  Our number one goal is to insure that all questions are answered.  Oh, and that everyone gets a beverage and a slice of pizza, too…

Otherwise, reserve your seat now for the June 20 class.

We hope to see you!