If you are not yet working with an agent, I would be glad to speak to you and discuss what me and my Agency, Keller Williams Realty can offer you. Keller Williams is the #1 Agency in Austin, and has been ranked #1 by Buyers like you 3 years in a row by J.D. Power & Associates!!. I have over 20 years negotiation and contract experience, am one of the top rated Realtors in the Austin area and within Keller Williams, and I have a very strong team of lenders, inspectors, title people, legal staff, and the like to help you get THE best deal you possibly can, with as little difficulty and stress as possible!! Feel free to click on my name to the right, review my Credentials, Client testimonials, etc. and see if we might be a good fit. Even if you don't go with me , do yourself a favor and get a good Realtor to help you. (And if we talk, I will explain how Buyers do not really pay the commissions, title policy, and other typical Seller related fees. Don't want ruffle any feathers here, but you simply do NOT pay the Sellers fees. The price of the house is just that, not the market price plus all the sellers fees rolled in, simply put. Yes the commission, etc. comes out of the sale of the house, but it is a Seller expense, not yours!) Joe Jarusinsky, REALTOR/Master Instructor, Keller Williams Realty (512) 497-0105
1. How a home is listed for sale does NOT determine whether or not you use an agency of your own choosing to represent you. You decide if you should have someone representing you in all situations, irrespective of how the seller decides to sell/market their home.
2. Regardless of how a home is listed for sale, in my opinion, you should always have someone representing you, unless you feel you have access to everything you need to negotiate your best deal, and you have the negotiating experience to do so, and you know everything there is to know about the neighborhood you're buying into, and how it compares to your other options.
3. Regardless of what anyone tells you, the buyer ALWAYS pays for everything in the end, regardless of how the home is listed for sale. That is, you, the buyer, are the only one who brought money to the closing table, so where did the money come from to pay the seller's agent to sell the home? Where did the money come from to pay your broker/agent to represent you? The fact that the seller may have written a check from the proceeds to pay their agent, or that their agent compensated your broker/agent to represent you, all the money was yours originally.
4. Because it was always your money that paid everybody, regardless of whether or not the seller's agreement with their agent includes compensation for the agent representing you, you should still have representation. Simply contact the sellerâ€™s agent and ask â€œWill you pay a buyer agentâ€™s commission if I submit an offer through my broker?â€ If they say yes, youâ€™re good to go. If they say no, then expect to pay that commission yourself, directly to your buyer agent, at closing. But remember, in both cases, you were paying it anyway.
5. Regardless of whether you pay the buyer agent fee or the seller does, you should still be able to finance that fee as part of the purchase price. Youâ€™ll just need to explain the situation to your lender, most will realize what is going on and include that as a cost of sales in determining down payment, etc.
6. Finally, regardless of what anyone says about off-MLS marketing, a home not marketed in the MLS is essentially invisible to the vast majority of buyers, especially those represented through agents. Nearly all of the search tools are syndicated through the MLS from the beginning. So, youâ€™re actually in a better position to have your buyer agent negotiate a deal because you should have less competition for the home.
In the end, determine your best method to achieve your result, which should, but may not, include a buyer agent representing you. Donâ€™t worry about where the actual commission comes check is cut from, youâ€™re paying it regardless.
If I can be of more help, please call me!
The short of it, you have the right to have your own representation in the transaction. If the listing broker/agent is a *REALTOR, they are by a code of ethics, to cooperate with other agents and to treat all parities fairly. The only question will be how your agent/broker will get paid for representing your interest.
Usually the listing broker has an agreement with the seller regarding how broker fees will be paid. Your agent/broker should be able to contact the listing agent/broker or homeowner in the case of a FSBO find out the details and to see what/if they are agreeable to paying all or a protion of the fee to the broker representing you. Dependig on the response it will be between you and your broker/agent representative to come to an agreement..
For any legal concerns it might be wise to verify the pros and cons of the situation with an attorney
ABR, CRS, GRI, SRES
ERA Bettineger Realtors, Inc
Note: *REALTORS, not all agents and brokers are REALTORS subscribing to the NAR Code of Ethics.
You did not mention if the property is in Austin or Paradise Valley. If its in AZ the rules may be different. In Austin there is nothing to prevent you from having a Buyers Agent represent you. You should get a Buyers Agent to contact the listing agent on your behalf if your serious about this property. I always tell potential Buyers to get representation as the Listing Agent is working for the Seller. I wish you the best on a successful transaction. Please let me know if I can be of further assistance.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
You are not required to have anyone from the seller's agency represent you. The seller has signed a contract with that broker/agent to represent the seller and his/her best interests. I STRONGLY advise you to hire your own agent to represent YOU. Your agent will place your best interest in mind and is paid (almost always) by the listing broker, costing you nothing out of pocket.
My wife (Twila) and I would be more than happy to discuss your options with you privately and at your convenience.
Peace in your home,
REALTOR :: Agents for Change
cell :: (512) 739-0457
email :: email@example.com
15% of our net agent fees at the closing of our client's property will be donated to a charitable organization of their choice. We do this with ALL clients. This is our way of expressing our appreciation to both our clients and the worthy causes dedicated to the betterment of our communities.
9600 Escarpment Blvd :: Suite 745-75 :: Austin, TX :: 78749
Sponsoring broker :: David Komie, Attorney-at-Law (License# 584762).
I have such a listing myself. In this case my buyer prefers not to have it listed for his own personal reasons and has me marketing it on Zillow, Trulia and using other methods. If a potential buyer is interested in the property the seller wants me to show the property but anybody wanting to purchase or view the property can and should have their own representation.
You can never be forced to use an agent or a company and the choice is always yours. Make sure you are represented by somebody with whom you trust. After all, the listing company's goals are to get as much as possible for any given property. Although it is legal in Texas to represent both parties it is not possible in my opinion to represent both parties best interests in that manner.
Good luck with the purchase of your home.
REALTOR | Mortgage Broker | Consultant
Buy - Sell - Lease - Invest
Keller Williams Realty | 360 Lending Group
If your not happy with your current agent, you can always cancel the agreement and select another. Agents are not allowed to work with you if they know (or don't know) that you have a signed listing agreement with another agent/broker. This is the law of the land according to the Texas Real Estate Commission
There are PLENTY of great agents in Austin you can work with if your not happy with your current one. I can suggest some if you like.
Hope this helps.
Maker Capital Group, LLC
You can have an agency relationship with anyone of your choosing, and I would recommend it.(this other agency has a fiduciary responsibility to the seller.) Now, your agent's compensation appears to be in question with regard to who is going to pay for it. However, I would suspect the seller's agent will share in the total commission negotiated with the seller.
Please feel free to contact me anytime with questions
Don't walk, but run out and get you a buyer's Agent to help you buy real estate! Don't be fooled by any other way.
You should be able to have a buyer's agent represent you. You will probably need to look at your state's law regarding this and a quick call to a lawyer familiar with real estate law in your state may answer this question very quickly. Good Luck. If you could not have your own representation (agent) I would be vary weary.
This may make it difficult for your Agent to gather the appropriate information. Ask your agent to contact the listing agent and see if they can work out an agreement, sometimes the Listing Agent will change their mind IF they feel they have a serious, well qualified Buyer.
Also be aware you may have to compensate your agent for any lack of commission paid by the LA.