Home Selling in Chicago>Question Details

Lincolnparker, Both Buyer and Seller in Chicago, IL

Is it possible to have a hybrid MLS FSBO real estate offering?

Asked by Lincolnparker, Chicago, IL Thu Jun 26, 2008

Is it possible to have a hybrid MLS FSBO real estate listing offering a commission to buyers agents if they bring in a buyer while not having to pay the buyer's commission if they are not represented? I am looking to sell my condo that I purchased three years ago. Based on comparable sales in the building and in the area I am fairly certain I could get an offer at my original purchase price or slightly higher. However once I figure in the $22,000 in commissions and closing costs I am going to be taking a loss. I am not ready to go completely on my own however I was wondering if anyone is aware of either a flat fee mls listing service or full service seller's agent who would waive the buyer's agent commission if the buyer was unrepresented. I am more than willing to pay a buyer's agent if they bring a buyer. However units in my building have sold in a little as 3 days, I hate to have to pay the full buyers commission if I am receive an offer from an unrepresented buyer off of craigslist

Help the community by answering this question:


Yes! There are several real estate brokerage ofices that do offer exactly what you are looking for. I started a service that does just that very thing. My services cover FLORIDA and more specifically Miami-Dade, Broward & Palm Beach Counties. Make sure that you fully understand the agreement- each agreement is unique and there are no guidelines.


Here is a sample of OUR offering;
Web Reference: http://www.Hybrid-MLS.com
0 votes Thank Flag Link Mon Oct 20, 2008
Be careful of people who offer cut rates. That can quite often be the value of the service you will be getting. A good agent can get top dollar for you. An agent that is working for way less must sell much more or have another job to make ends meet. Sometimes you get lost in the cracks.
0 votes Thank Flag Link Mon Jun 30, 2008
Lincolnpark - call me, look at my website, we can do what you are looking for - its part of our business model. great question by the way.
0 votes Thank Flag Link Thu Jun 26, 2008
Usually you can negotiate a lower commission... for instance 4% instead of 5% for the listing- but you must know.. the agent is really doing double work with someone unrepresented. They have qualify these buyers and make sure their ability to close is real. In reality, in this market- the serious buyers are represented- take your loss and move on if you need to go.
Web Reference: http://www.condochicago.com
0 votes Thank Flag Link Thu Jun 26, 2008
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