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Started By
Message
re: Real Estate Question
Posted on 6/4/18 at 2:03 pm to KingofZydeco
Posted on 6/4/18 at 2:03 pm to KingofZydeco
quote:
I won't use a realtor
quote:
Is this something a realtor will do for free
I don't too many people who work for free.
Why wouldn't you just use a realtor if you're the buyer? Commission is still paid by the seller, so its not costing you anything.
1
Posted on 6/4/18 at 2:12 pm to Tiger Prawn
quote:
Why wouldn't you just use a realtor if you're the buyer? Commission is still paid by the seller, so its not costing you anything.
This comment always drives me nuts. If I'm selling a house FSBO and I have a number in mind that I need to clear, then my ability to negotiate with the buyer is limited by the commission that "I" am paying.
Example: House is listed for $250k. I need to clear $225k. If the seller is not paying any closing cost or commissions, then the buyer can offer $225k and I would accept it. If the buyer brings an agent, and that agent wants 3% commission, I now can't accept any offer below $232k. Throw in some money towards closing costs, a home warranty, etc, and my bottom line price increases.
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