- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Selling my house. Why do I have to pay the buyer's agent?
Posted on 10/14/17 at 1:02 pm
Posted on 10/14/17 at 1:02 pm
Talking with real estate agents around the area my house is and they all want 6% (3 for the selling agent, 3 for the buying agent). I thought this was just customary, not required.
Posted on 10/14/17 at 1:07 pm to 13SaintTiger
You want someone to sell your house for you and not make any money?
With that logic, your boss should just skip your next paycheck.
With that logic, your boss should just skip your next paycheck.
Posted on 10/14/17 at 1:26 pm to 13SaintTiger
The agents generally split the commission. Everything is negotiable, you don’t have to. You don’t have to pay your agent 3%, it can be more or less.
The buyer’s agent will do the most work with the buyer. Showing your house, talking with them over options, getting it in front of them. If you’re not willing to pay them for that, it’s very unlikely they’ll be willing to show your house. If you refuse, the buyer will be responsible for their realtor fee, and this will impact their offers as well.
The buyer’s agent will do the most work with the buyer. Showing your house, talking with them over options, getting it in front of them. If you’re not willing to pay them for that, it’s very unlikely they’ll be willing to show your house. If you refuse, the buyer will be responsible for their realtor fee, and this will impact their offers as well.
Posted on 10/14/17 at 4:25 pm to 13SaintTiger
It is customary but also negotiable. If you have a house in a desirable neighborhood that is an easy sell you may be able to get your agent to agree to a lower commission. If they know it will be less work and expense for them they will work with you. You could also get a young agent who is hungry for a sale and get them to agree to a lower commission.
Posted on 10/15/17 at 6:37 pm to 13SaintTiger
You have to pay your selling agent. They are the ones that will be paying a buyers agent, if they bring an acceptable offer.
If the selling agent finds a buyer, they get the entire 6%.
Don't hate on the agents, hate on the system. The individual agents typically earn their money. But that doesn't mean the entire system isn't flawed
If the selling agent finds a buyer, they get the entire 6%.
Don't hate on the agents, hate on the system. The individual agents typically earn their money. But that doesn't mean the entire system isn't flawed
Posted on 10/16/17 at 7:07 am to 13SaintTiger
We’re closing on our old house Friday. Just went through this.
We sold by owner on Zillow, FSBOBR, etc. If a buyer comes with no agent, problem solved. In our case an agent reached out to us and said a client is interested, are we willing to work with an agent. We said yes at 2%.
Good thing we said yes, otherwise our house might still be on the market. In my opinion, it’s worth the 2% to unload the house.
We sold by owner on Zillow, FSBOBR, etc. If a buyer comes with no agent, problem solved. In our case an agent reached out to us and said a client is interested, are we willing to work with an agent. We said yes at 2%.
Good thing we said yes, otherwise our house might still be on the market. In my opinion, it’s worth the 2% to unload the house.
This post was edited on 10/16/17 at 7:08 am
Posted on 10/16/17 at 9:07 am to 13SaintTiger
I sold a condo recently in Baton Rouge and my agent accepted 5% knowing he’d split it with buyer’s agent.
And you are paying because you’re the only one receiving liquid cash. Buyer can’t give 2.5-3% of the house.
And you are paying because you’re the only one receiving liquid cash. Buyer can’t give 2.5-3% of the house.
Posted on 10/16/17 at 12:30 pm to 13SaintTiger
When selling my last house, we worked with a flat fee sellers agent. They sold my house for a fee of $1,250. On a nearly $300k house, that means they made .4% commission. We still included 3% for buyers' agent to get it sold quickly, but could have easily written the contract for lower. This is the only way I will use an agent going forward.
Smart Choice Realty
Smart Choice Realty
This post was edited on 10/16/17 at 12:31 pm
Posted on 10/17/17 at 3:20 pm to 13SaintTiger
quote:
Why do I have to pay the buyer's agent
Cause someone paid for your agent when you bought the house. Round and round it goes, where it stops nobody knows.
Posted on 10/17/17 at 6:44 pm to 13SaintTiger
I sold FSBO and gave any realtor 3% who brought me a buyer and did all the paperwork.
Popular
Back to top
Follow TigerDroppings for LSU Football News