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re: FSBO - how much to offer buyer's agent
Posted on 3/15/17 at 8:58 pm to 40 Rouge
Posted on 3/15/17 at 8:58 pm to 40 Rouge
quote:
Just went throught this...
2%, but little to no negotiations on price.
So what you're really saying here is you were willing to come down on the price by 2% or more. So you just let the buyer give that money to the realtor right?
I just can't fathom why people would give money to realtors for nothing. It's not like they appraise, inspect or perform the closing. All things you'll have to pay other people to do.
Posted on 3/15/17 at 9:52 pm to BeerMoney
quote:
So what you're really saying here is you were willing to come down on the price by 2% or more. So you just let the buyer give that money to the realtor right?
Well, yes. I listed a little higher to factor some price lowering due to negotiations. If a private buyer came in, I was willing to negotiate. When we got a buyer with an agent ready to go within a week, I was willing to go full price at 2%. I was going to get my target price either way.
So, I didn't pay the realtor for nothing. I paid him 2% for bringing me a ready buyer within 4 days and closed in a month. That's worth something.
I listed FSBO and the majority of my hits were people with agents that have been in active searches. My private buyer hits were all wishy washy and "just looking". My best three leads were realtor deals.
Many people (including myself) bash what a realtor brings to the table, but in my case, the buyer's agent was extremely helpful in getting the process done right. Realtors help with non-local buyers, first-time buyers, etc.
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