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Started By
Message
Selling Home with Agent but Found Buyer Myself
Posted on 1/5/21 at 3:48 pm
Posted on 1/5/21 at 3:48 pm
(no message)
This post was edited on 1/9/21 at 11:06 am
18
Posted on 1/5/21 at 3:51 pm to bigblake
Can your potential buyer wait until your contract expires?
Posted on 1/5/21 at 3:51 pm to bigblake
fire the agent
Posted on 1/5/21 at 3:54 pm to bigblake
Any reputable agent will let you get out of the contract. 100% fire the agent
Posted on 1/5/21 at 3:55 pm to AUHighPlainsDrifter
(no message)
This post was edited on 1/9/21 at 11:06 am
Posted on 1/5/21 at 3:57 pm to Fox McCloud
(no message)
This post was edited on 1/9/21 at 11:06 am
Posted on 1/5/21 at 4:00 pm to bigblake
Big a big Boy instead of a BigBlake and tell him/her is fired because you are going in another direction. You appreciated his/her services and you look forward to working with him/her again in the future.
Don't let him/her sell you after those statements. Say we will chat soon and hang up. Then ignore his/her calls and close the deal.
Don't let him/her sell you after those statements. Say we will chat soon and hang up. Then ignore his/her calls and close the deal.
This post was edited on 1/5/21 at 4:04 pm
Posted on 1/5/21 at 4:01 pm to bigblake
quote:
What would I tell the agent? “Hey, I found my own buyer.” Wouldn’t he get pissed that he gets nothing?
Send him a pack of steaks, bourbon or a gift card for his "efforts"
Posted on 1/5/21 at 4:02 pm to bigblake
The buyer likely found the home through your agents efforts. So I think you contractually should pay your agent whatever they are due. Then agree to no additional “buyer agent” fee.
Posted on 1/5/21 at 4:04 pm to bigblake
I did this from a buyer prospective. The realtor refused to show me non MLS properties and continued to push me to lender I didn’t have any allegiance to.
I found a FSBO property.
I wrote up purchase agreement with seller.
I lined up financing with the lender I chose.
I told the realtor his services were no longer needed.
I closed seamlessly 30 days later
I saw him a restaurant about 6 months later and he wouldn’t even look at me.
I found a FSBO property.
I wrote up purchase agreement with seller.
I lined up financing with the lender I chose.
I told the realtor his services were no longer needed.
I closed seamlessly 30 days later
I saw him a restaurant about 6 months later and he wouldn’t even look at me.
This post was edited on 1/5/21 at 4:06 pm
Posted on 1/5/21 at 4:05 pm to L S Usetheforce
quote:
Big a big Boy instead of a BigBlake and tell him/her is fired because you are going in another direction. You appreciated his/her services and you look forward to working with him/her again in the future.
Don't let him/her sell you after those statements. Say we will chat soon and hang up. Then ignore his/her calls and close the deal.
The last line should read, "Then have his attorney call your attorney."
Posted on 1/5/21 at 4:05 pm to bigblake
quote:
I’m selling a home in Mississippi ($500,000+). It’s been on the market for 280 days, and I’ve signed a second listing agreement after the first one ended after 6 months. A buyer without an agent approached me directly (realtor has no idea) and offered me an amount that would only be acceptable if I didn’t have to pay the 3% buyer agent.
What would the money board advise?
tell your buyer that this offer can only be accepted after my existing agent contract expires.
Posted on 1/5/21 at 4:05 pm to supadave3
Its a rough world at there. The only person you should protect is yourself.
Posted on 1/5/21 at 4:07 pm to AUHighPlainsDrifter
(no message)
This post was edited on 2/23/21 at 4:36 pm
Posted on 1/5/21 at 4:11 pm to Chad504boy
(no message)
This post was edited on 2/23/21 at 4:37 pm
Posted on 1/5/21 at 4:18 pm to bigblake
You are in a bad spot on this. Read the contract, it says you owe and you also owe if it can be shown the buyer initiated interest while the contract was in place. Realtor’s will absolutely enforce this and file suit if needed to protect their contacts and to ensure it does not become a common thing.
Maybe you can have a discussion with the agent and work our a reasonable fee.
Maybe you can have a discussion with the agent and work our a reasonable fee.
Posted on 1/5/21 at 4:26 pm to bigblake
How did the potential buyer find out about the house being for sale? Was it based on work of the realtor? I understand they approached you directly, but how did they know to approach you?
Posted on 1/5/21 at 4:30 pm to go ta hell ole miss
(no message)
This post was edited on 2/23/21 at 4:37 pm
Posted on 1/5/21 at 5:31 pm to bigblake
im not a fan of real estate agents but you didnt find the buyer... the buyer merely contacted you and most likely indirectly from the efforts of your agent.
The agent may be able to successfully contest the sale if you go into closing before his/her contract expires.
The agent may be able to successfully contest the sale if you go into closing before his/her contract expires.
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