Home Buying in Everett>Question Details

Peter, Home Buyer in Everett, WA

I'm looking for a discount agent that works in Snohomish County.

Asked by Peter, Everett, WA Fri Jun 13, 2008

Do any of you agents ever operate on a discount/rebate model for buyers?

I'm not looking for a discussion about the merits of full service vs. discount agents. Thanks.

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16
Hi peter,
For me, it's a function of time. I don't have a wholesale rule of rebates like a Redfin, but it is always open for discussion. If you know what you want and don't have to mess around looking at stuff for weeks/months on end, a rebate is likely in order. I can do what I do best and manage the purchase and make sure you're covered on all fronts. Less time for me, less risk for me, ... I would accept less money. Would only seem fair. On the other hand, if we're 6 months into a house hunt going out every week, ...I wouldn't be too inclined to offer any kind of rebate.

Good luck.
2 votes Thank Flag Link Fri Jun 13, 2008
I bought my first house in 1991 and received most of the commission back from the agent that I used. I was able to use that money toward my closing cost. I believe in this day in age with the technology that is available to buyers it is a great way to go. Our biggest rebate this year to one of our buyers was $57,000. Even for our customer that our buying 200,000 homes our rebate can be as much as $4,000. Home buyers really need to start putting this in to context. This is money they would have had to bring to closing. In this day in age where allot of home owners are loosing money I just think it make sense to consider it.
Web Reference: http://www.shopprop.com
1 vote Thank Flag Link Mon Nov 3, 2008
commissions are negotiable. You should find a good agent then discuss the services they offer and what you are willing to pay.
1 vote Thank Flag Link Wed Jun 25, 2008
I can't imagine anyone asking that question, in a market where expertise in this market is essential. If I am willing to negotiate my salary, than how is that agent going to work on your behalf?
1 vote Thank Flag Link Tue Jun 17, 2008
I am a discount agent that works in snohomish county. I'll be happy to help you!
1 vote Thank Flag Link Fri Jun 13, 2008
Hi Peter - I guess it depends on what you mean by discount. I always offer my clients something - I always have - even when I worked for another company - it really depends on your specific situation. It looks like you are a buyer - I usually help with some of the closing costs depending on the situation again. In some cases, I have been known to buy fencing or an appliance, but it is pretty much on a case by case basis and depends on the work involved of course, too. I wouldn't call myself a discount broker, though.
You could always go to a discount buyer company and just pay for your showings - there are all kinds of options out there, but of course I believe you get what you pay for there (that is my personal opinion of course:))
Do you have a house to sell as well?
Please feel free to get a hold of me if you want o know more.
Good luck!
1 vote Thank Flag Link Fri Jun 13, 2008
Contact a few different Realtors and ask them if they are willing to discount their services. You may find more people open to the idea than advertise it. I myself am willing to offer rebates at times depending on the transaction and what you as a buyer expect from me.

Sometimes, buyers with smaller independent brokerages have a little more flexibility on what they can offer. You are likely to get several responses about the benefits of using discount and full service agents even though you said you didn't want that to come up. I don't want to get involved in that discussion except to say to you to make sure that both you and your agent have a clear understanding of what their duties will be based on the discount and circumstances.

Contact a few agents and inform them you are looking for a discount and see what their response will be. Obviously I would love to be in that pool of agents depending on your circumstances. Good luck on your home purchase...just remember if you do use a rebate model to make sure that everyone has the right expectations as to level of service. Going with a rebate can at times come back to hurt the buyer when it comes to levels of service...just be careful and you should be fine.

Ok, start the thumbs downs on me now.
Web Reference: http://www.agentsamuel.com
1 vote Thank Flag Link Fri Jun 13, 2008
Peter
My office is right on Hewitt Avenue in Everett. I work with a partner and we both balance our expertise and backgrounds to offer full and satisfied service to all our clients. Interview agents to find someone you are comfortable in working with and confident of their abilities and then discuss your real estate goals, including discount. My partner and I can meet with you and answer your questions. Sarah.Gravelle@Century21.com
0 votes Thank Flag Link Sat Jan 31, 2009
Commissions are always negotiable. Independant agents who dont have to pay high corporate fees can pass the discount onto you. As with anything, in some cases you will get what you pay for. Make sure you know what you are getting, what is being offered and what you expect and that all 3 statements match . that way no one can be let down.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Nov 3, 2008
Although there may be some agents that discount out of desperation there are others that considers it a good business model. I believe that there is a huge need for it and although you do generally get what you pay for there are times when this is not true. There are times when you just over pay.
Web Reference: http://www.shopprop.com
0 votes Thank Flag Link Mon Nov 3, 2008
There are plenty of desperate agents out there willing to discount their fees...I'm sure dozens of contacted you already. Just remember...you get what you pay for. Good luck!
0 votes Thank Flag Link Mon Nov 3, 2008
The Hagley G…, Real Estate Pro in Pleasanton, CA
MVP'08
Contact
Every agent does, as commission is negotiable. It really depends on what you're trying to do.
0 votes Thank Flag Link Sat Oct 25, 2008
I am an Associate Broker with Zip Realty. We are a full-service agency. As a buyer, you normally do not pay for services rendered with any agent. With most agents, you'll get their services for free and that's it. With Zip, as a buyer, when we get paid for helping you buy a home, you'll get up to 20% of my commission. My clients are currently receiving more than $1,500 each. Depending on the lender, you can use this to pay closing costs, or to receive a check after you close.

One thing a buyer's agent should do for you is to conduct a thorough needs analysis with you. There is an old saying in real estate; "buyers are liars". Not only is that an insult, it's also untrue. The saying stems from a time when agents didn't do a good job of representing buyers and were willing to spend months driving them from home to home. If your agent spends some time conducting a needs analysis with you, and continues to ask questions when you're viewing homes, you're likely to find a great home in a short amount of time.
0 votes Thank Flag Link Sun Jul 13, 2008
Well, you get what you pay for and more! In todays real estate market you better have a seasoned agent that knows about creative financing and marketing. Within the past 3 months over 1500 agents have let there license expire. Home sellers need an experienced agent with a proven track record combined with a company nam that is well reconized in the listed homes area.
0 votes Thank Flag Link Sat Jun 28, 2008
Hi Peter -
For me personally, it's definitely a subject which is open for discussion. It comes down to what you have in mind, an individuals circumstances (both the prospective client and the agents) and the details pertaining to the property listed. I'm often asked about discounting my listing commission as well (which listing commissions are more commonly seen negotiated) but when working with a buyer it really comes down to the property and the listing agreement already in place (assuming there is one). I've done For Sale By Owner transactions where I've represented the buyer, and in addition, end up doing work the sellers agent would do if the sellers had one. With that scenario, I expect at least 3% and in the past, I've had sellers agree to pay that when the offer is good and fair. Keep in mind, sellers set the selling commission and some only offer 2 - 2.5% to a buyers agent and in that type of circumstance depending on the price of the property and and all the details involved (including potential "hurdles") which may surround it are certainly topics to take into consideration when negotiating something in the form of a rebate. I did have a friend who wanted me to put an offer in on a half a million dollar home once where the seller was offering 3% to the buyers agent. These friends wanted me to take 1% for me and my company to split in accordance to my contract with them, and have me apply the other 2% to their closing costs. I refused. I perform a quality service and like having the liberty to choose to work with those who are going to appreciate that.
Web Reference: http://christineviernes.com
0 votes Thank Flag Link Fri Jun 13, 2008
Shouldn't be hard to find, just do a google search in the area you want to live in.
Web Reference: http://GetPrequalified.com
0 votes Thank Flag Link Fri Jun 13, 2008
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