- 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
FSBO - how much to offer buyer's agent
Posted on 3/15/17 at 8:49 pm
Posted on 3/15/17 at 8:49 pm
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?
Posted on 3/15/17 at 8:51 pm to monteandmakers
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.
Posted on 3/15/17 at 8:52 pm to monteandmakers
Price the commission into your negotiations.
Posted on 3/15/17 at 8:52 pm to monteandmakers
1.5% minimum.
If you are struggling with it go with 3%
If you are struggling with it go with 3%
Posted on 3/15/17 at 8:53 pm to monteandmakers
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
Posted on 3/15/17 at 8:55 pm to monteandmakers
Just went throught this...
2%, but little to no negotiations on price.
2%, but little to no negotiations on price.
Posted on 3/15/17 at 8:56 pm to BeerMoney
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.
Posted on 3/15/17 at 8:56 pm to 40 Rouge
You won't get it done without the agents.
So basically whether you like it or not, you will pay the agent a commission
So basically whether you like it or not, you will pay the agent a commission
Posted on 3/15/17 at 8:58 pm to 40 Rouge
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.
Posted on 3/15/17 at 8:58 pm to Fat and Happy
I agree, guess my best course of action is to stand firm on the price to cover any commission.
Posted on 3/15/17 at 9:00 pm to Fat and Happy
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.
Posted on 3/15/17 at 9:06 pm to Fat and Happy
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.
Posted on 3/15/17 at 9:11 pm to BeerMoney
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.
Posted on 3/15/17 at 9:12 pm to monteandmakers
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).
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).
Posted on 3/15/17 at 9:13 pm to LSU316
make the agent write the proposal. you can reject it. but try to stand firm on your price. screw realtors.
Posted on 3/15/17 at 9:20 pm to monteandmakers
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.
Posted on 3/15/17 at 9:23 pm to monteandmakers
Only if the agent brought you a buyer. Don't forget to pay yourself and cover your cost with fsbo.
Posted on 3/15/17 at 9:32 pm to monteandmakers
Cut the agent out. Plus any commissions should be paid on the buyers side. You're the one doing all the work brah.
Posted on 3/15/17 at 9:36 pm to idlewatcher
They will be the one paying whether they realize it or not. I appreciate all of the feedback!
Posted on 3/15/17 at 9:37 pm to monteandmakers
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.
Popular
Back to top
Follow TigerDroppings for LSU Football News