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Buying a for sale by owner home
Posted on 12/14/14 at 6:20 pm
Posted on 12/14/14 at 6:20 pm
Wife and I have been house hunting for a few months. Wife was at a child's birthday party for one of her friends and the friend's sister who is a casual acquaintance of my wife mentioned she is selling her home in the area we are looking. We go to see it today and it is literally exactly what we wanted.
This house is not even listed yet and they weren't planning on it for several weeks. We have been working with a buying agent for about 2 months and the guy has been great and extremely helpful. While we were looking at the home with the owners they indicated they would go for sale by owner if we wanted to to keep costs down.
We love our realtor. Want to involve him and reward him in some way for helping us search, but he had nothing to do with this house. Is there a way I can still do fsbo and maybe offer him some kind of commission to write the offer?
Still some things to be worked out. If it was fsbo sale price will likely be 310-315k. We are first time homebuyers but this falls very comfortably in our budget and is very affordable for us.
This house is not even listed yet and they weren't planning on it for several weeks. We have been working with a buying agent for about 2 months and the guy has been great and extremely helpful. While we were looking at the home with the owners they indicated they would go for sale by owner if we wanted to to keep costs down.
We love our realtor. Want to involve him and reward him in some way for helping us search, but he had nothing to do with this house. Is there a way I can still do fsbo and maybe offer him some kind of commission to write the offer?
Still some things to be worked out. If it was fsbo sale price will likely be 310-315k. We are first time homebuyers but this falls very comfortably in our budget and is very affordable for us.
This post was edited on 12/14/14 at 8:36 pm
Posted on 12/14/14 at 6:56 pm to Saint5446
I have no idea what a "for daly by owner home" is, but I'm guessing you have a realtor now and happened to stumble on a property you really like without his help.
If you signed a contract with the realtor, chances are he has the legal right to represent you no matter who found the house. Read the terms and be sure.
If you signed a contract with the realtor, chances are he has the legal right to represent you no matter who found the house. Read the terms and be sure.
Posted on 12/14/14 at 7:16 pm to Saint5446
You can get the agent involved if the seller wants to pay commission. I tried to get an agent for a fsbo home, but the lowest the agent could go was 2.5%. You could always try and do 1% if he's willing.
Posted on 12/14/14 at 7:32 pm to Saint5446
quote:
We love our realtor. Want to involve him and reward him in some way for helping us search,
Forget it. No need. Send him a nice letter.
I have never paid a buying agent ever let alone one that did nothing.
He will understand and go on.
Posted on 12/14/14 at 8:06 pm to Saint5446
As said earlier if you signed a contract with him you need to follow that . If no contract he should understand and be thankful for referrals from you in the future.
Posted on 12/14/14 at 8:41 pm to Saint5446
frick your realtor dude, he only wants your money
Posted on 12/15/14 at 11:18 am to Saint5446
so I'm assuming you found a place in Lakeview before it was on the market? You are really lucky if so. Houses that are priced right in Lakeview right now are always gone within 48 hours. The only ones that sit for a long time are the astronomical asking prices.
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