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monteandmakers
LSU Fan
New Orleans
Member since Dec 2014
91 posts

FSBO - how much to offer buyer's agent
I'm selling my house FSBO and have been approached by a buyer who's agent said they should check that I was ok with an agent being involved. I know they're really asking if I will pay a commission. I'm not against it but it won't be the standard 3% ($10k). If they bring a strong offer I think 1.5% is decent, especially because I have a suspicion the potential buyer found the house on their own. Any OTers have experience negotiating commission with buyer's agents?


BeerMoney
LSU Fan
Baton Rouge
Member since Jul 2012
4605 posts

re: FSBO - how much to offer buyer's agent
Wait wait wait? So the buyer approached you personally? The agent doesn't bring anything to the table in that case. You two can reach a deal together and no agent getting paid for showing up and being worthless. win/win.


PrivatePublic
Troy Fan
Member since Nov 2012
12367 posts

re: FSBO - how much to offer buyer's agent
Price the commission into your negotiations.


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40
LSU alum wannabe
LSU Fan
Katy, TX
Member since Jan 2004
21866 posts

re: FSBO - how much to offer buyer's agent
1.5% minimum.

If you are struggling with it go with 3%


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Tiger Prawn
LSU Fan
Member since Dec 2016
10048 posts

re: FSBO - how much to offer buyer's agent
Tell the buyer if you have to pay their agent a commission that your asking price is firm. If buyer is willing to work with you without an agent, you can come off a few grand from asking price or use that money to pay some of their closing costs


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70
40 Rouge
LSU Fan
Red Stick
Member since Feb 2009
2225 posts

re: FSBO - how much to offer buyer's agent
Just went throught this...

2%, but little to no negotiations on price.


monteandmakers
LSU Fan
New Orleans
Member since Dec 2014
91 posts

re: FSBO - how much to offer buyer's agent
Yes, I thought about planting that seed in their head to ponder. I could tell them I'd offer to make a deal if they cut the agent out but it would probably be equal to the 1.5% anyway so from my side it is a wash.


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Fat and Happy
LSU Fan
Baton Rouge
Member since Jan 2013
6261 posts

re: FSBO - how much to offer buyer's agent
You won't get it done without the agents.

So basically whether you like it or not, you will pay the agent a commission


BeerMoney
LSU Fan
Baton Rouge
Member since Jul 2012
4605 posts

re: FSBO - how much to offer buyer's agent
quote:

Just went throught this...

2%, but little to no negotiations on price.


So what you're really saying here is you were willing to come down on the price by 2% or more. So you just let the buyer give that money to the realtor right?

I just can't fathom why people would give money to realtors for nothing. It's not like they appraise, inspect or perform the closing. All things you'll have to pay other people to do.


monteandmakers
LSU Fan
New Orleans
Member since Dec 2014
91 posts

re: FSBO - how much to offer buyer's agent
I agree, guess my best course of action is to stand firm on the price to cover any commission.


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10
BeerMoney
LSU Fan
Baton Rouge
Member since Jul 2012
4605 posts

re: FSBO - how much to offer buyer's agent
quote:

You won't get it done without the agents.

So basically whether you like it or not, you will pay the agent a commission



Really? Because agents do what besides find or list homes? I sold my last home without an agent and my buyer didn't have an agent.


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32
LSU316
Houston Astros Fan
Rice and Easy Baby!!!
Member since Nov 2007
18071 posts

re: FSBO - how much to offer buyer's agent
quote:

You won't get it done without the agents.


Simply not true. I bought my first home and sold it with no agents involved in either transaction.

It just takes a little intelligence and cooperation from both parties.


dmjones
Atlanta Braves Fan
Acworth, GA
Member since Mar 2016
2303 posts

re: FSBO - how much to offer buyer's agent
quote:

Wait wait wait? So the buyer approached you personally? The agent doesn't bring anything to the table in that case. You two can reach a deal together and no agent getting paid for showing up and being worthless. win/win.




This. I know that LA law is weird compared to the rest of the country but I doubt that a case like this would be. If real estate law is even remotely similar, there is no need for an agent if the buyer found the property on their own and the property was FSBO. They would have a real estate lawyer to handle everything else. No agent needed.


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10
KG6
LSU Fan
Member since Aug 2009
10450 posts

re: FSBO - how much to offer buyer's agent
You did FSBO because you didn't want to pay agent fees. They got an agent on their end, so I don't see how that affects you. People aren't going to be swayed away from the house they want because their agent says "no, I won't get a commission if you buy that one". At least not if they really want the house.

I'm actually not familiar with their being a contract between a buyer and their agent (only time I've had that scenario is when and agent was provided by my employer). I know I didn't have one. So if I bought on my own, I bought on my own....no biggie. Not the same when I sold...I was obligated to my agent through our contract (this was also provided by employer, but I still had a contract).


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Simplemaaan
Iona Fan
Member since Sep 2007
1671 posts

re: FSBO - how much to offer buyer's agent
make the agent write the proposal. you can reject it. but try to stand firm on your price. screw realtors.


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geaux7122
LSU Fan
Baton Rouge, LA
Member since Sep 2011
221 posts

re: FSBO - how much to offer buyer's agent
I found my house that was fsbo. I called my agent thanked her for her help and told her I was going to proceed without her. She told me congratulations and that was that. I don't see why the buyer would keep the agent around in this situation.


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Beachtiger
LSU Fan
Bomba Shack
Member since Apr 2007
3929 posts

re: FSBO - how much to offer buyer's agent
Only if the agent brought you a buyer. Don't forget to pay yourself and cover your cost with fsbo.


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idlewatcher
LSU Fan
Houston
Member since Jan 2012
36480 posts

re: FSBO - how much to offer buyer's agent
Cut the agent out. Plus any commissions should be paid on the buyers side. You're the one doing all the work brah.


monteandmakers
LSU Fan
New Orleans
Member since Dec 2014
91 posts

re: FSBO - how much to offer buyer's agent
They will be the one paying whether they realize it or not. I appreciate all of the feedback!


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Spankum
LSU Fan
Miss-sippi
Member since Jan 2007
47702 posts

re: FSBO - how much to offer buyer's agent
I personally would not have a big issue with paying half of the agent's fee....however, I would make it clear that he/she is no longer a "buyer's agent" because then the agent would be expected to represent both of you equally.


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