To the buyer-a fair commission is 3% of the sale price of the home. It's been like that for a VERY long time, at least in my area. How could you ever expect an agent that can't negotiate a fair commission for him/herself to EVER negotiate a fair price on your house?? Why do you care how much we EARN on a transaction such as this? You aren't paying the commission!!
Many of us are college educated. We all pay exorbitant dues to MLS systems, many of us have multiple MLS services to join. We all join local boards as a requirement. We all have to split our commissions with the broker and pay other fees to the office. We buy our own gas and run our cars into the ground. We spend evenings and weekends away from our spouses and children. We pay for continuous education and for various designations. Then we get to pay for advertising, realtor.com and MANY other websites. We pay for our own personal websites as well. My cell bill every month is almost as much as my mortgage!! This year, I figure my overhead to be in excess of $20k personally. Others is far more, and for some it's less. With that kind of overhead, mine is probably close to average, how could you ever justify asking in a public forum for an agent to give to YOU half of their earnings? Again, I would do it if I could have half of your salary. Keep in mind this is how we make money to pay our own mortgages, car payments, retirement savings, health insurance (no we don't get it from our employer), soccer camp for our kids, family vacations, etc. Good luck with the agent that choses to work for half price for you!! I hope they don't give you half the representation!
Congratulations to your pursuit of the American Dream! It is a worthwhile journey!
I'd like to hear more about what you are looking for in home and what you have lined up with regard to financing. More so than any discount that can be given, pick an agent that will be able to negotiate on your behalf and get you into a home that you can begin to build a financial future and enjoy pride of ownership. An agent that is willing to give up so quickly on their commission is not likely to be doing you any favors in the long run. Many factors will come into play with regard to your desire for price appreciation. Please call and interview me for the job. I would appreciate the opportunity to be of service.
Take care and hope to speak with you soon.
Buying a house involves a little more than a willing buyer. The first thing you need is a real estate agent who knows what he/she is doing. It seems to me that you do not know the steps necessary to be a qualified buyer. If you like you can email me and request my monthly newsletter. In it I explain the process of buying a house and what all is necessary to close a good deal. What you want from an agent is a detailed explanation of every step of the way. It is of course understood that the agent knows the area in which you wish to buy.
Take care and happy house hunting.
I find your question interesting. You mention that you are very motivated and want to "close the deal in next 2 weeks," yet it appears as if you don't have your pre-approved loan in place ("the loan shouldn't be a problem for me)." How do you expect to "close the deal in next 2 weeks or so" when you don't even have a loan? You might want to talk to someone about the process of buying a house. Usually a buyer developes a budget based on a loan commitment and then goes shopping for the house.
To Ak, I believe Ron and Ulli are willing to help out with your house matter, others do only if you pay 33% and more, and bear in mind that most people got at least 1% rebate nowadays.
I am a REALTOR with Cashin Company in Los Altos. We do extensive real estate deals in Mountain View, Sunnyvale and Santa Clara. We are a very reputable company with eight offices in the Bay area. Being a long time resident in this area I am very well informed and up to date on all the listings in this area. If you are looking for quality service please contact me at 408.679.0333.
Happy ouse hunting.