General Area in Newnan>Question Details

Lauren, Home Buyer in Newnan, GA

Say we already found a new house, without an agent, that we want to purchase, around 450k, but we don't have an agent to close on it for us...

Asked by Lauren, Newnan, GA Fri Mar 23, 2012

Would an agent be willing to sell our home at no commission if we used them to close on our new house and get commission off a 450k house? I got a lot of responses saying an agent wouldn't do this because they need to be paid for both sides of work.... But, what if they only worked the one side, selling our house... because we already have found the house we want to purchase so they wouldn't need to work that side for us... Also, I know I will get responses saying, what is the guarantee we would hold true to our word and use that agent... we would be willing to sign a contract saying when we sold our house, we would use them as the closing agent on the house we already found.

Help the community by answering this question:

Answers

5
Hi Lauren,

The commission agreement is certainly something that is open and negotiable between you and your Realtor. Different Realtors have different philosophies on commission and what their business structure will allow them to do. If you'd be interested in knowing ours, please give me a call or email. I'll be happy to discuss this with you. Just be sure that you are getting what you pay for.....or what you don't pay for in this case :) I'm here to help!

Melissa Stephens
Better Homes and Gardens Real Estate Metro Brokers
678-776-1895 Cell
404-843-2500 Office
http://www.StephensandStephens.net Website

http://www.TheScoopinRealEstate.com - Comment our Blog
0 votes Thank Flag Link Sat Aug 11, 2012
There are ways to make that work. Your agent could agree to a discounted commission on the second transaction or a flat fee could even work. As a listed property the co-op commission being offered should always be at least 2.5 to preferrably 3% so that all other agents are enticed to show your home also.
The agreement should be comfortable and fair for both the seller and their agent. Showing a home is the easy part of our job, as well as the most enjoyable. The troubleshooting and making sure all the loose ends are taken care of are where you need a professional agent that knows what they are doing.
0 votes Thank Flag Link Mon Aug 6, 2012
You might get an agent to go with your plan. That agent might be (1) an excellent agent and/or (2) an agent that really needs money. You need (1), you do not need (2), but you might put up with (2) if the agent is also (1).
0 votes Thank Flag Link Wed Apr 4, 2012
It's always possible you can find an agent who'd agree to waive their portion of the commission, if allowed to represent you on the buy-side. You'd still need to offer a commission to the buyer's agent on the sale of your home...

What happens, though, if the house that you've already found goes under contract before your house sells?
0 votes Thank Flag Link Fri Mar 23, 2012
Alan May, Real Estate Pro in 60201
MVP'08
Contact
Hi Lauren,

The Realtor would be working the buying side for you - even if you found the house. Realtors do much more than just find properties. There is alot of paperwork to do and the Realtor protects you and your investment. They are held liable for representing you and can be sued so I don't know of any that would work for free. (Yes, they would be working for free on the selling side if they didn't get paid for all the work they would be doing for you on the buying side).

Also, when you sell, you will be paying both the Listing Agent (your Realtor) and the buyer's agent - your Realtor doesn't get all the commission - they split it with the buyer's Realtor.



Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes Thank Flag Link Fri Mar 23, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer