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re: I'm selling a condo FSBO and the buyer's realtor has contacted me
Posted on 6/10/16 at 6:28 pm to baldona
Posted on 6/10/16 at 6:28 pm to baldona
quote:
Just because the realtor didn't do all the work doesn't mean they don't deserve your cut.
What?
quote:
Most FSBO are bitter sellers too cheap to pay the cost of business to obtain their maximum price.
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
quote:
The realtor easily could of instructed the buyer to make the contact knowing that.
Then what the frick is the point of the realtor if the buyer is doing the work? To hold their hand? Great, then let the buyer pay the commission.
He's selling the property FSBO and it sounds like it's just been listed so he doesn't need to pay an agent who inserted themselves into this transaction. There are plenty buyers, like me, who know wtf they are doing in a real estate transaction and I would rather buy a property direct from someone and negotiate the price down since I don't need an agent.
OP, when I sell a property FSBO I say on the listing no fee to be paid to agent, just some advice. If your property hasn't sold in a while then you can add a fee to be paid to buyer agent and can attract more buyers.
Posted on 6/10/16 at 9:00 pm to Sho Nuff
quote:
Then what the frick is the point of the realtor if the buyer is doing the work? To hold their hand? Great, then let the buyer pay the commission.
He's selling the property FSBO and it sounds like it's just been listed so he doesn't need to pay an agent who inserted themselves into this transaction. There are plenty buyers, like me, who know wtf they are doing in a real estate transaction and I would rather buy a property direct from someone and negotiate the price down since I don't need an agent.
OP, when I sell a property FSBO I say on the listing no fee to be paid to agent, just some advice. If your property hasn't sold in a while then you can add a fee to be paid to buyer agent and can attract more buyers.
Actually yeah most people want a realtor there as a professional for liability assistance. No I'm not a realtor, I'm an investor. I hate realtors, but the fact of the matter is in most real estate transactions they are a necessity. The OP went on a diatribe leaving out a ton of details like how long he has been listed for anyone to give him legit help.
Just because you sell FSBO does not mean you get out of the buyer's 3%. Just because you as the seller is a lawyer with buddies doesn't mean the buyer is. What don't you people understand about the cost of business? OP just walk, please. Seriously. Its a $110k property which is laughable to complain about $2500 in costs to sell. You are going to let this deal walk away and your next buyer is going to have a realtor under the same circumstance and its going to cost you closing fees additionally for another $3k.
Again, commission base income is not always fair. For every easy client there is a difficult one. For every sale that takes 1 day led by the clients there is a sale that take s a year that you hold a hand. I've been there, not in real estate but in a commission based business.
This post was edited on 6/10/16 at 9:05 pm
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