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I'm selling a condo FSBO and the buyer's realtor has contacted me
Posted on 6/9/16 at 4:39 pm
Posted on 6/9/16 at 4:39 pm
If we go through with this thing, where does her fee come from?
This post was edited on 6/9/16 at 5:05 pm
Posted on 6/9/16 at 4:50 pm to boosiebadazz
You. Do you want to sell it? Nothing wrong with paying 2-3% fee for the buyers realtor if the offer is good. Gotta look at the whole picture.
Posted on 6/9/16 at 6:07 pm to boosiebadazz
Jack up that price baw. Or wait on another buyer. I agree. Hate realtors
Posted on 6/9/16 at 6:26 pm to boosiebadazz
What I was trying to get at, is she truly a buyer's broker? And in what way would she be the procuring cause of sale in this case? Unless she has a written agreement with someone, she could have driven these people around for the past six months. But if they found and saw your property on their own, you can deal with them directly. That's why I wondered what this fee was based on.
That's how it works in my state anyway. At least half the time I've sold a property, the buyer will say "my" agent. But if their agent wants a fee from me, their fiduciary responsibility is then with me... and so they're actually "my" agent. Their only duty to the buyer is fair treatment.
When I've sold FSBO, I've generally stated the SAF that I'm willing to pay. More and more agents these days will show FSBOs. Years ago, most would not. They'd just call you to death and try to get a listing (pocket or otherwise).
That's how it works in my state anyway. At least half the time I've sold a property, the buyer will say "my" agent. But if their agent wants a fee from me, their fiduciary responsibility is then with me... and so they're actually "my" agent. Their only duty to the buyer is fair treatment.
When I've sold FSBO, I've generally stated the SAF that I'm willing to pay. More and more agents these days will show FSBOs. Years ago, most would not. They'd just call you to death and try to get a listing (pocket or otherwise).
Posted on 6/9/16 at 7:13 pm to boosiebadazz
If you were not offering any consideration to an agent bringing you a buyer the agents fees are on the buyer. Agent may try to get you to pay her fees but if you object, then that falls back to buyer.
Take the emotion out of it and make it a business transaction. You know your bottom line.
Take the emotion out of it and make it a business transaction. You know your bottom line.
Posted on 6/9/16 at 8:30 pm to boosiebadazz
I sold my house FSBO, but I was fine with a realtor bringing me a client. It happened, and I gave the realtor 3% and she did all of the paperwork.
Posted on 6/9/16 at 11:29 pm to boosiebadazz
the whole realtor thing is a strange world.
when we were looking to buy a house, starting a couple of years ago, we decided we did not want a buyer's agent. We would look online, then go drive by the place, and if it looked decent, we would call the listing agent.
8 times out of 10, our calls were never returned.
When the calls were returned, they said sure, we will show it to you. We'd go out there and every single time, They would try to get us to sign an agreement to basically have them be our buyer's agent. i thought that was weird since they were the listing agent, but they all said, well, hey, if this house is not for you, we can show you others!!!! I told all of them no thanks.
Ended up buying this house FSBO. Neither party had an agent. We each hired an attorney to help us with the legal stuff and the closing company was a huge help as well.
when we were looking to buy a house, starting a couple of years ago, we decided we did not want a buyer's agent. We would look online, then go drive by the place, and if it looked decent, we would call the listing agent.
8 times out of 10, our calls were never returned.
When the calls were returned, they said sure, we will show it to you. We'd go out there and every single time, They would try to get us to sign an agreement to basically have them be our buyer's agent. i thought that was weird since they were the listing agent, but they all said, well, hey, if this house is not for you, we can show you others!!!! I told all of them no thanks.
Ended up buying this house FSBO. Neither party had an agent. We each hired an attorney to help us with the legal stuff and the closing company was a huge help as well.
Posted on 6/9/16 at 11:29 pm to boosiebadazz
double post
This post was edited on 6/9/16 at 11:30 pm
Posted on 6/9/16 at 11:31 pm to boosiebadazz
I wouldn't pay that realtor a dime.
Posted on 6/10/16 at 10:00 am to boosiebadazz
2-3% from you like others have said. Agents have to make money somehow.
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