So, the realtor is representing the estate (museum).

Would that change your answers?
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No. The agent has a fiduciary responsibility to get the museum as much money as they can.

Hi Christopher,

No, I would still suggest to have your own Realtor represent your interests other than the estate/museum Realtor would do. Again, you as the buyer, do not have to pay the Realtor on your side of the table - the estate would do that.

You should think about finding someone that would be representing your interests, that you are comfortable with, and you feel that you are protected as a client. Don't just play Russian Roulette Realtor Style by choosing just anyone off the street. You can do better than that.

Let me know if that helps, or if I can help you further.
Good Luck!
Anne :)
The Realtor Referral Assistant

I should have noted, the house I'm interested in is owned by an "estate". The person had no relatives and left their art and home to a museum. So, the realtor is representing the estate (museum).

Would that change your answers?

Thanks.

Hi Christopher,

I suggest you always work with an agent when purchasing a home. You as the buyer, are not responsible for paying that agent's commission at the closing table - unless you were to negotiate that point with the seller within the offer.

And if you are going to sell your house, and want to reduce your amount to pay on the Realtor commission, I would think about offering a Realtor a 6% (split 3%-3% with the buyers Realtor) commission, but you can always try to get the buyer to agree to pay a flat amount towards the commission in the deal. If your price is low enough, the buyer may be willing to do that.

Get a good Realtor and see what that person has to say. Good luck, best wishes and GO Buckeyes!

Anne Wanchic
The Realtor Referral Assistant

yes & yes chris,Your Realtor you get for your home w/& should do dicount on 2nd.The agent on 2nd represents the seller,so your better off using your listing agent.good luck.

TJ

Some agents will work for a flat fee. Also some attorneys will review contracts for you as well.

To answer your last question, if you choose to work with an agent to purchase the house, and it sounds like the house is listed with a Realtor, the seller pays your agents commission, not you so it costs you nothing to have the professional representation that you need.

You'll never know untill you ask, Christopher. Interview a handful of agents and let them explain to you what they offer, and ask if they would work for a flat fee. Perhaps you will find an agent you believe is competent who is willing to work with you. I would suggest you don't simply call around and ask "will you let me pay you a flat fee to put in an offer". I would never hire anyone simply based on price because you always get what you pay for.

If you have already identified the house, why don't you just approach the owner? have you seen the inside? Is it listed with an agent?

I really do need more information to answer your question fully.