Home Buying in Dresher>Question Details

Glen Faye, Home Buyer in USA, Mobile, AL

can i hire a buyers realtor and pay for services up front as completed, then have the 3% reduced by my sales price since they have already been paid?

Asked by Glen Faye, USA, Mobile, AL Thu Aug 5, 2010

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You probably could not find someone to give you the entire 3% back, but you may be able to find someone that will give you a broker's credit for some of the commission. This is similar to how companies like Redfin work. You pay an agent every time you want to see a home and then they rebate part of the commission.

Also, credits like these will be subject to lender limits, so you would want to make sure you understood that.
0 votes Thank Flag Link Fri May 27, 2011
It may be different in Alabama, but here the use of a buyer's agent is free to the buyer. And you will need that agent right through closing. The seller will be paying the full commission somewhere so it might was well be partly to your agent. In PA, agents can also rebate to their clients. Maybe that is a route to consider.
0 votes Thank Flag Link Fri May 27, 2011
Good Morning Glen,

Not Really. Let me explain the process here in PA for you. When you purchase a home that is listed by a Realtor, you are not paying the commission to them, the seller is. The Seller and the Listing Agent already have a contract stating that the seller is paying a certain percentage to the Listing Agent's office, then the Listing Agent's office makes a written agreement with the Buyer's agent to pay them a portion of that amount. So whether or not you make a deal with the buyer's agent the Listing Agent's office is still getting the full amount of commission agreed upon by the seller.

Also in PA you can only pay the Broker, not the agent. Good luck with your purchase.
0 votes Thank Flag Link Fri Aug 6, 2010
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