 ----Are houses necessary? |
| I mean, we live in an advanced age! Travel has become so wonderfully easy. Is it really necessary to tie ourselves down to moldy, decaying buildings? Is it not possible for everyone to lead an ... |
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 What should be my initial offer? |
I am interested in purchasing this home:
http://www.blanchardandc... |
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 Who do you think get more quality sleep time? People who live in houses or people who live in apartments? |
| Who do you feel are more sleep deprived, people who live in apartmemts (co-ops and condominiums included) or those who live in houses (trailers, town houses and mobile homes included)?... |
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 Gas, elec, water bills??? |
| Is it better to pay these by direct debit or on a meter. Will be for a one bedroom flat and will only be me and my boyfriend livin there. Which is cheaper/best?... |
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 I paid too much for rent? |
| My rent is 525 a month, but I just looked at my old bank statements and realized that in the last 4 months I have paid 535 and my manager didn't tell me. Should they have told me that I was ... |
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 Can a landlord put that house on the market to sell while tenants are still renting? |
| Does the Landlord have a right to sell the house while there are tenants living there?... |
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 How do you get an ex's name off the house title during a? |
| divorce?? she left about a year ago on her own free will, she has a house of her own( she might be on housing,since she dont work) she wants half of what the house is worth but it is being bought on ... |
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 Is it possible to buy a $250K apartment with only $15K down payment? |
I make 85K a year and i want to purchase a rental property for cash flow. Thanks!
Additional Details
I'm not buying in the state that I live in. And that x2 salary myth is a load ... |
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 How do you find out how much houses have been selling for in a neighborhood? |
| All the advice I've seen about home buying says to find out how much houses in a given neighborhood have been selling for, so you will know how much to offer a seller. Any ideas where I can ... |
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 Can a Landlord enter your house without contacting you? |
| How much of a notice does a landlord have to give? Scenario: He called my phone 3 times and my voice mail box is full. I pull up and see him trying to get in. My girlfriend is also on the lease and ... |
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 My landlord still wants rent, but he lost the house to the bank! Help!? |
We just signed a month-to-month rental agreement on a house in April, and paid first month and deposit.
In July, we received a notice that the house was going to be up for auction due to ... |
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 If I buy a home that is constructed in 2008, Do I have to pay property taxes on it in 2008? |
| I remember when I was talking to a realtor about a new home, she mentioned something about only having to pay property taxes on the land for the first year since it's new construction. Is this ... |
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 Does anyone have any tips for a first-time home buyer? |
| Any tips or suggestions you may have would be appreciated.... |
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 For closure after 10 days late on my first payment? |
| I have two loans for my house one is a big lump some and the other is 20,000. Well i am behind 10 days on paying my first payment on the smaller loan and the loan is through an indiviaul not through ... |
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 My home loan has been sitting in underwriting since 8/13. I feel like the longer it sits there, the more the? |
| chances are of being denied. If it was a "go", then we would have heard by now. Right? I think that if we have to wait this long, it's because they're deliberating whether or not ... |
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nstacee | Why does the seller of a home have to pay a commission to the buyer's agent? |
I was just wondering why, if I am selling my house, I have to pay someone to buy it especially if I am selling my home without a real estate agent. |
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DannoREA
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You are paying for their expertise in the field. A buyer's representative looks out for the best interest of the buyer.
The seller pays in order to avoid a conflict of interest on the buyer's agent. The more money the clients spend, the more the agent makes.
As a seller, you don't HAVE to offer a cooperating broker a commission. You will drastically reduce the pool of agents who are willing to work with you if you do though.
Plus, if you are selling yourself there are myriad pitfalls that can tangle a transaction that you will likely fall into if you aren't savvy in real estate transactions. |
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The Eastoner
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First off, NEVER sell your home without a real estate agent. You could be overpricing/underpricing it and really hurt yourself. Example: You sell your home "for sale by owner" and get $250,000 for it. Congratulations, you just saved $15,000 by avoiding the real estate agent's commission. However, a real estate agent has better marketing resources and knows values better than you do. They could have sold it for $300,000. Oops, you could have gotten $50,000 more for your house.
Another reason to use an agent is legality - there are so many little tricks that sneaky people can employ to sue you after you sell your house. Real estate agents have safeguards and checks in place to prevent this and are constantly updating their paperwork/forms.
But to answer your question: it takes a lot of time and effort on the part of *both* the buying agent and the selling agent to complete the transaction of a home-purchase. It's not something that just anyone can do. In the case of an agent-assisted buyer in the purchase of a "by-owner" seller, an agent basically has to do the work of BOTH the buyer's agent AND the seller's agent, with a questionable amount of commission. This is why "by-owner" sales usually short-change the seller - no real estate agent is going to show/recommend the house to their client... so as a seller, you are missing out on a huge portion of your target market and will have to settle. |
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Freeport77541
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all up for negotiation and you can decline the offer if you do not wish to offer it.
in today's real estate market i would pay it and give them a kiss on the cheek for finding you a realistic buyer. |
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ronidl76
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Most likely because if it weren't for the buyer's agent, your buyer would've never seen your home. Plus you're paying for the agent's time. Nothing's free. |
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Emcee H
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If you wouldn't have had that buyer without that Agent, why would you object? Especially in this market where there is tons of inventory available. |
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Tres7
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That would be your choice. I would recommend that if you are trying to sell your home that you allow real estate professional to show it and help you....but that is up to you. If they are representing the Buyer it can be negotiated as to who is paying them. The main thing is finding a Buyer. Good Luck! |
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Gus Buckingham
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If you are selling your house on your own without a real estate agent then you do not have to pay the buyers agent any commision unless you accepted a an offer that states you do. It is the buyer who pays the agent based on the contract fees they have come to. |
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godged
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You don't have to cooperate with a buyer's broker, but don't expect any broker to show your house if you aren't willing to pay the commission.
Before I show any FSBO, I call to see if the seller is willing to pay my commission for bringing my client to the house. If they hedge or the answer is no, I don't show it.
Realtors are paid by commission only, and if you aren't willing to pay me, I'm not willing to sell your house. |
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nealeclark
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Real Estate commissions are not set in stone. You can negotiate with brokers to adjust their commissions. You can stipulate that the buyer is responsible for the buyers broker commission or if you are selling the house yourself you can state that no buyers brokers commissions will be paid. Of course that means very few buyers using a broker will come to view your home.
It's up to you to decide if you want to pay a buyers broker in order to sell the home, or if you want to wait for a buyer who isn't using a broker. |
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MIND THE GAP
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Where did you get the idea you had to pay a buyers agent? You dond't. |
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Martha Y
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like I say before agents are like use cars salesman the are just there for the commission after you sign the papers they don't care if the house falls on you |
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