Home Buying in 17402>Question Details

Becky, Home Buyer in Conestoga, PA

For Sale By Owner question

Asked by Becky, Conestoga, PA Thu Oct 29, 2009

When a realtor (buyer's agent) wants you to sign with them, they have a clause that says if you find a FSBO, the contract will not be binding for that property. My question is, what if I DO want them to represent me in that deal? Do I have to pay their commission out of my own pocket?

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Rebecca, I agree with both Brigita and Pacita. It is typical for the buyers agents to ask you the seller to pay the brokers fee which again is typically 50% of the normal real estate fees charged. It has been my experience that For Sale By Owner transactions are more likely to sell for a higher price, be less headaches and close within a reasonable amount of time. I specialize in selling For Sale By Owners homes in the York and Lancaster County area. For a step by step approach to sell your home, if you choose to continue on your own, go to:
http://www.therichteam/yourkwagent.com and click on the link FSBO

Good Luck to you Rebecca!
0 votes Thank Flag Link Thu Oct 29, 2009
Rebecca, I agree with both Brigita and Pacita. It is typical for the buyers agents to ask you the seller to pay the brokers fee which again is typically 50% of the normal real estate fees charged. It has been my experience that For Sale By Owner transactions are more likely to sell for a higher price, be less headaches and close within a reasonable amount of time. I specialize in selling For Sale By Owners homes in the York and Lancaster County area. For a step by step approach to sell your home, if you choose to continue on your own, go to:
http://www.therichteam/yourkwagent.com and click on the link FSBO

Good Luck to you Rebecca!
0 votes Thank Flag Link Thu Oct 29, 2009
Good morning, Rebecca!

If a buyer is interested in a FSBO, the agent will ask the unrepresented seller if they are willing to compensate the agent for bringing a buyer. If the seller agrees, a form is signed that states the agent will receive a commission for that particular buyer if this buyer should purchase the home.

In the case that the FSBO does not wish to pay a commission and the buyer really likes the house, the buyer may pay the agent a commission. If neither party is willing to pay the agent, then both parties will be unrepresented.

Most of the time the unrepresented sellers are willing to co-operate so that they can get the home sold. In very rare cases does the buyer pay a commission to the broker.

Brigita McKelvie, REALTOR, e-PRO, GRI
Keller Williams Real Estate, Bethlehem, PA
Office: 610-867-8888 Direct: 610-393-9424
E-mail: brigita@brigitamklv.com
Web: http://www.brigitamklv.com
Blogs: http://activerain.com/blogs/brigitam
0 votes Thank Flag Link Thu Oct 29, 2009
If you want a realtor to represent you on a FSBO, the first thing that realtor will do is ask the seller if the seller will ":cooperate" with a buyer's agent.

That usually means that the agent will negotiate a commission paid by the seller for bringing a buyer, and for handling the paperwork, the disclosures, the timelines, the escrow, etc.

Generally, FSBOs are asked to pay the equivalent of half of the commission that is charged in a normal transaction for having the buyer's agent to take on the role of both the selling as well as the buyer's agent when making sure that all the required documents, inspections, etc. are handled the same way it would have been if the seller had signed with a listing agent.

What that seller is paying for is peace of mind knowing that the sale will be handled correctly and professionally.
0 votes Thank Flag Link Thu Oct 29, 2009
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