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re: Selling my house. Why do I have to pay the buyer's agent?
Posted on 10/16/17 at 12:30 pm to 13SaintTiger
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
1
Posted on 10/17/17 at 4:45 am to seawolf06
I just had a situation arise with a realtor for a house I have listed on Zillow that should add to the conversation. She asked for pics of my backyard and parking area. After sending, here is the email exchange.
Realtor:
"Thanks so much for this! I will pass on to my buyers. I guess my next question is, are you will to pay a buyers' agent commission of 3% if my clients decide to make an offer on this property?"
My response:
"If your buyers make a legitimate offer and we're able to negotiate a price that's acceptable I would definitely consider a commission. However, before putting the cart before the horse, I don't want to commit to a certain percentage until a legitimate offer has been made."
Agent follow up:
"Unfortunately, I cannot risk not being compensated."
How is this servicing your client and why should I pay over $20k for providing me with basically nothing especially considering her clients likely found the house.
Realtor:
"Thanks so much for this! I will pass on to my buyers. I guess my next question is, are you will to pay a buyers' agent commission of 3% if my clients decide to make an offer on this property?"
My response:
"If your buyers make a legitimate offer and we're able to negotiate a price that's acceptable I would definitely consider a commission. However, before putting the cart before the horse, I don't want to commit to a certain percentage until a legitimate offer has been made."
Agent follow up:
"Unfortunately, I cannot risk not being compensated."
How is this servicing your client and why should I pay over $20k for providing me with basically nothing especially considering her clients likely found the house.
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