I'm a first time homebuyer myself and I'm currently going through the process with a realtor. Here's my perspective, take it for what its worth.
1. People may have pointed this out already, but you need to shop around, compare realtors and ask them outright what they charge. Read up reviews for the realtors before signing or committing to anything.
2. Even if you have signed an agreement, note that you should be able to cancel it anytime in writing. The only sticky issue is if your current realtor showed you a property and you subsequently canceled the contract but still decided to purchase it anyway - in this case, he may still be owed the commission on it.
3. There is no such thing as "majority realtors charge fees to the buyers when the seller's pay-out does not equal to 3% or $2000 for commission" - it all depends on the realtor, and your negotiating skills. Some might do it for less, some wont.
4. The fees that he is trying to charge you, whether he's calling it a Broker fee or Services fee or (as in my case) a 'Conveyance' fee is utter nonsense and does not provide any value or services. Its sole purpose seems to be to line a realtor's (or his brokerage's) pockets up with a little extra money. If you are reasonably diligent, you can keep track of things and ensure everything gets done on time. In most cases, all they're providing with this fee is reminder emails, or getting a quote from a title company etc. As I've said before, you can do it all yourself - negotiate to have them waived completely.
5. There is also no such thing as "Seller pays all the commission" either. Ask yourself this: who pays the Seller? Its you, the Buyer. Therefore, the commission for both agents comes out of your pocket, and this cost is shared by the Buyer and Seller (Buyer agrees to pay more and Seller agrees to take a little less so that the agents can take commission).
I definitely know the feeling. We had a really bad cockroach infestation and it was the hardest thing to get rid of. Has he asked his friends and family for referrals? If he has cockroaches, or even wants to prevent them, there's a good chance that his neighbors have talked to exterminators. That's where I would start. http://akpestcontrolva.com/... more
East Mount Airy is a great neighborhood. I have a house for sale at 235 E. Sydney Street. The neighbors are very friendly, interesting, have responsible jobs and socialize outside when the weather is nice.
My house has been totally renovated (down to the studs) with everything new. It is 3 bedrooms/1.5 baths.
Please contact me if you would like more information.
Mount Airy is a wonderful, dynamic, diverse, safe neighborhood with walkability to restaurants, shopping and public transportation (train, buses). That is why I bought a house for my daughter but she needs to live closer to New Jersey, So, I completely renovated the home and it is now for sale: 235 E. Sydney Street, Phila., PA 19119.
3 bedroom/1.5 bath house is completely renovated with everything new: new wiring (including hard-wired smoke and carbon-monoxide detectors; new kitchen with Whirlpool stainless appliances, granite countertops and an island that seats 4. New oak hardwood floor on first floor and upstairs hallway.
The three bedrooms have two closets each, ceiling lights with fans and new plush carpet. New bathroom on second floor; new powder room on first floor.
New HVAC (central air). Charming, fenced in small back yard for bar-b-ques or having coffee.
This house has no possibility for a rental unit. Basement is unfinished with lots of storage and dedicated laundry area with hookups and cabinets.
Price is $199,500 as it is totally new on the inside.
I would be happy to tell you more about the home. Please contact me at 215-264-5589 or email firstname.lastname@example.org.