Home Buying in 17268>Question Details

Buyer In Wbo, Home Buyer in 17268

My wife and I are first time buyers. What should we expext to pay an agent? We've been told a different

Asked by Buyer In Wbo, 17268 Fri Apr 17, 2009

percentages at closing. Also, are sherriff sales a good option? How can you find out about foreclosures locally?

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7
Edward A. Brown’s answer
Generaly the seller pays the buyers agent commision. This varies from case to case but is always negotiable. Sheriff sales maybre a good option if you are handy and don't mind some sweat equity. The sheriffs office will have a list of the properties to be sold. Foreclosures are listed like other properties and an agent can help you find them. Also as first time buyers, you could get up to an $8,000.00 tax credit.If you have ant other questions, or would just like to talk to an agent give me a call.
Direct line (717)765-2552 . If you must leave a message, I check this voicemail often
Cell (717) 552-6289.
0 votes Thank Flag Link Sat Apr 18, 2009
Sheriff sales locally... http://www.co.franklin.pa.us/franklin/cwp/view.asp?a=1411&am…

State ....http://publicrecords.onlinesearches.com/Pennsylvania-Foreclo…
Nationally.... http://publicrecords.onlinesearches.com/Foreclosures-and-Tax…

Bank/Gov sites of REO/Forecloses provided for the public..Includes Purchase/Bid info.
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://www.biggerpockets.com/bank-reo.html

Buyers agent........ others are answering that......
Dunes
1 vote Thank Flag Link Fri Apr 17, 2009
A home buyer generally does not need to pay as the listing agent shares the overall commission and offers what is called a co-op.

On a for sale by owner, you will have to pay the buyers agent or have the seller pay the agent. Commissions can vary and are negiotable but I would say average around 2.5%.



Sean Dawes
Long and Foster Real Estate Inc.
Web Reference: http://www.SeanDawes.com
1 vote Thank Flag Link Fri Apr 17, 2009
Normally the Seller pays the Buyers side of the commission in today's Real Estate transactions.
0 votes Thank Flag Link Sat Oct 12, 2013
Hi Buyer,

If you are interested in a foreclosure (not short sale or reo) then please be aware that you'll likely need to buy in cash. Considering your location though it might be possible to buy a very nice home at the sheriff's auction for only $10-30K? Good luck!
0 votes Thank Flag Link Fri Apr 17, 2009
Ususally the Buyer's agent will get paid by the seller of the property , if the house is listed with an Real Estate office. The only time that can vary is if you like a home that is For Sale By Owner . In that case, the Buyer's agent you are working with can negotiate their comission with the Owner of the house. If you do not already have a Buyer's agent, I would be happy to help. It is always good to have someone look out for your best interest. Give me a call: 717-300-0395....Mar
0 votes Thank Flag Link Fri Apr 17, 2009
As a home buyer, you typically will not need to pay your agent. The seller usually would pay the buyers agent's fee. The exception to this is when there is a short sale or bank owned property that refuses to pay. I would be happy to more thoroughly go through this if you call me at 888-762-1554.
0 votes Thank Flag Link Fri Apr 17, 2009
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