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Daer all
My gross annual salry is 30,000 GBP and I am planing to apply for mortgage, I can put 10% deposit as well and I dont have any loan or credit card commitment with me. But the maximum ... |
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 How much do I need to make to get a $200,000 loan? |
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John | I am trying to sell my house on my own...? |
People have been stopping by with there realtor...then they ask if I am willing to work with their reator. So does that mean I have to apy the realtor a finders fee or something and if so, what % is it? |
 |
 
REALTOR
|
You don't HAVE to pay anything. You can always say you do not work with Realtors, BUT, if you do this, you'll loose a lot of buyers.
If you are willing to pay commission to a Realtor, you can say you pay 3% or 2% (or whatever you decide) and then, if a Realtor brings a buyer, you are obligated to pay.
It's not like a Realtor comes in with a buyer an tells you that he or she wants so much in commission. It's the other way around. You set the commission you are willing to pay. If you are willing to pay from 2 to 3% commission, most Realtors will work with you. If you say you don't want to pay anything, no Realtor will show your home to his or her buyers. |
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pawler deeeen
|
Why is it so wrong to work with a Realtor??? They know the paperwork, how to find lenders, get it closed. Isn't the objective to get the house SOLD? It isn't easy and it isn't cheap. It takes a stream of buyers (that Realtors have gained over time in the business), marketing to those Buyers, qualifying the Buyers.... Buyers aren't just sitting around waiting to be driving by your house with a carful of cash to drop on your doorstep. If your house is in good shape, well maintained, priced right and in a good area then you can afford to pay a fee for a qualified buyer to buy your house. It is a complex business. Why cheat yourself by being cheap?
As far as the percentage- 3-6% is a negotiable range, depending on the price but ALL of it is negotiable. Federal law prohibits from having standardized commissions. Every one is negotiated and every one is different. See what your market and what your pocketbook allows or... hire a professional for guidance. |
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young2bballin
 |
It is negotiable between you and that Realtor. It ranges anywhere between 2% - 4%. |
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godged
|
Of course you want to work with Realtors. They won't bring you potential buyers if you don't.
Have a set amount in mind that you will pay. It can be a flat fee, a percentage of the sale price, what have you. So when someone asks if you are willing to work with their Realtor, you can confidently say "yes!" and tell the Realtor what you will pay them for bringing a buyer.
I have never had a FSBO refuse to work with a Realtor that has a potential buyer. Some want to pay a very small amount for me to bring a buyer, but commission is negotiable. |
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kjh
 |
Remember this ... Serious Qualified Buyers are usually
working with a Realtor.
What you pay the Buyer's Realtor depends on what you
and that Realtor negotiate.
The Realtor has (already) spent time and money to bring you
a qualified Buyer. That Realtor will continue to work with
that Buyer during the Buyer's Final Mortgage Approval
Process ... Now; will you obtain Title Work? Will you determine and secure any inspections & repairs required by the city that you live in? What about the other mandatory documents and disclosures that are required for a real estate transaction?
Depending on who takes care of the above ... that will be
the basis used to determine how much of a commission or
a transaction fee the Buyer's Agent will receive. Again it
is entirely negotiable. Many Brokers now have a "menu"
of fees; and depending on how much you do or do not want the Broker to do ... that will determine what you pay the
Real Estate Broker.
I would agree with those that have said you can expect to pay a Buyer's Agent between 1.5 - 3% of the Purchase Price,
depending (again) on what you negogiate with that Realtor. |
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Terry S
|
Yes, Realtors are expected to be compensated when they work with their buyer's.
Typically you would pay a buyer's agent 3%
And a seller's agent 3%
Since you are representing yourself, you are the selling agent and get to save the 3%.
Good luck
Terry S.
http://www.Welcome2Arizona.com |
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Victoria78
 |
Usually 3% of sales price. It's ok not to have listing agent who will represent you but if you are not willing to pay selling agent (representing buyer), well good luck~ Anyhow, if you set the commission at 3%, 2%, 2.5%, 1%..this is all up to you. |
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teodor d
|
As far as I know what happens normally is that that realtor would receive a certain percentage from your realtor. Considering that you do not have a realtor you would pay that %. Depending on the type of market you are in and on the sale you can look at 1-3%. |
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c j
|
If you work with their realtor, ofcourse you will end up paying commission. But in this Buyer's market it might be better to list you property. |
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Feeling Mutual
|
Yes, the retailer wants a percentage for finding you a buyer. |
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daeve930
|
Yes, usually about 3% of the sales price. At least that's what it is here. |
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Weimaraner Mom
|
The seller ALWAY pays the buyers realtor fees. You'll have to discuss that with the agent on what their fees are and see if you can negotiate it down to 3%. If you tell them no you won't work with an agent, the agent will advise their clients not to purchase and will take them elsewhere.
When I sold my condo my father, who's an agent, did all the work but did not take a commission from me, however, I had to pay the buyers agent a commission. |
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bostonianinmo
|
You'd have to pay the realtor his regular commission. Tell them to work out their own arrangements with their agent; you'll work with principals only. |
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thecatsfan
|
I have sold my own home directly every time. If a buyer shows up with a realtor, sure, you can work with them. First, tell them what you are willing to pay the realtor, don't ask them. And if you can talk to the buyer directly, remind them that the commission only keeps the selling price higher. So, in the long run, raising the cost only raises the price and they are the ones really paying the commission.
Selling and buying a house is not magic. It isn't even difficult. The realtor is nothing but a middle man with a hand out. The title company and the lender do all the real work. We have sold every home with no realtor involved because once the principal realized that their realtor's commission came out of their pocket in the long run, they ditched the realtor and saved money.
Let them decide. But do not let a buyer's broker intimindate you, or the broker's on this forum for that matter. The percentages of homes sold without a realtor involved increases all the time. |
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