Even though she didn't find you the house, she did accompany you on the showing... has the seller said that they would NOT pay anything toward the buyer's agent commission??
Do you have a signed Exclusive Buyer's Agreement with the Realtor?
Did she show you this property?
If the answer to these questions is "no"... then you probably don't owe the agent any commission. Yes, it can be awkward, because she's been working hard for you for the last 4 months, and now, if you buy this house, she will not be compensated.
But that's the nature of this business. If you'd like to have her involved, and help you with the process, negotiation, inspection.. etc... you can opt to pay her fee... and you can discuss that fee, and negotiate it with her. That might be the best of both worlds.
As my grandfather always used to say a word to the wise is sufficient.
Take a look at what Shar had to say, she is right on target...
This is part of the point of my original post, you NEED representation throughout what is the most involved and difficult part of a home purchase.
You also need to know that I have been told by numerous Flat Fee/Discount Brokers that their client wont pay a fee to the Buyers Agent.... But, when I have shown up with an agreement of sale, the story changed....
Same thing on For Sale By Owner homes...they don't want to pay a fee, but they usually will.
I have sold dozens of homes this way this since 1993, each time still getting paid by the seller even after having been told otherwise before hand (and while negotiating the price down). With only one occasion where the fee was actually paid by my Buyer. But, that was an all together different scenario regarding a home that was not even on the market.
You can take the sellers broker at his word and let him handle everything....
but, remember.... "HE REPRESENTS THE SELLERS INTEREST"....
His Goal is to help the SELLER GET THE BEST DEAL FOR THEIR HOME........AND
although he is a FLAT FEE or DISCOUNT Broker.........
He may be trying to protect a BONUS FEE!.....yes, sometimes there are BONUS FEES!
You need someone who will protect your interest?
Having said all this, it is hard not to notice that you spent an entire 4 months with this agent and looking at the post It appears you had no dissatisfaction with her until it became a matter of money. You did say... She has not shown us anything in the last 3 weeks but there's also nothing in the market that we like right now.
of course what is on the market is not in her control, but if she has kept you up to date...she is on the job.
If you wanted to ditch her you should have done it long...long ago....again, it is hard NOT TO NOTICE, the question of ditching her or DEVALUING HER SERVICES only came up only once there was a matter of money at hand...
Go where your conscience takes you....
RE/MAX 1st Advantage
Mechanicsburg, PA 17050
Talk to her tell her she has done a poor job and now you want this poor performer to do the hardest and most detailed part of the transaction for a less than normal commission.
I would take it as a slap in the face if someone did it to me but on their behalf I would talk to my broker. I would tell him that my client feels that I have performed below average and now they want me to negotiate and take the closing the home that they love.
By the way if you saw the property with the listing agent this all may mute because of procuring cause.
My two cents...
I tell people all the time that when we find THE house is when my job really kicks in. Finding the house (while time consuming and not always easy) really is the "easiest" part for the Realtor, in my opinion. Then, that's when my experience goes to work. The representation from the contract writing and negotiation phase, through inspections, repairs, appraisal, lenders, title, escrow, closing and everything in between is really what your agent is getting paid for. It is so much more than "the paperwork". The ability to negotiate in your best interest and take on the legal liability is a HUGE responsibility.
In my opinion she has earned a commission. Will she take less than 3%? Probably, when faced with the alternative. Should she...I don't think so.
Our recommendation is to confront the customer directly with your delema, asking her what she feels is fair. Before asking the question, however, you should already have a number in mind that you consider acceptable. Once she provides you with her thoughts you can then counter with yours. Hopefully you will arriva at a number that is agreeable to both of you.
Note: It's not about what you have seen in the past 3 weeks......because she is still monitoring the market relative to your needs. She certainly has time invested prior to this and will have responsibilities as you move forward with the purchase.
Your agent has worked hard for you, including more behind the scenes work than you might imagine.
But, putting that aside, do you really want to buy a house without having someone on your side? As a Buyers Agent, your agent can provide "RELIABLE COMPS" (not outdated internet scavangings) to insure you DO NOT OVER PAY. And that Flat Fee Broker has probably never even seen the home, many are just internet based advertisers, and many others are not even Legally Licensed to sell real estate "they only advertise real estate".
Given this scenario you need someone to protect your interest..
So, you can hire an attorney or you can pay the agent. (Who's already been "working for you".)
If you hire an attorney, "do your homework first" because if he/she doesn't specalize in real estate you might have a problem. I've seen several cases where a personal injury attorney or some other stepped out of their routine practice and tried to do a real estate transaction thinking it wouldn't be a problem.... What a mess!
And the buyers ended up paying just as much for that POOR representation.
Best of luck.
Gary Byers - REALTORÂ®
RE/MAX 1st Advantage
Mechanicsburg, PA 17050
We faced a similiar situation buying our first home - well before I entered real estate. Our agents showed my husband over 50 homes when he saw a for sale by owner home that he wanted to buy. I was out of the country at the time so he called me and one of our first topics that we discussed is 'how do we scrape up the 3% to pay her if the seller won't. She had not had my husband sign an agreement but it never entered our mind that she didn't deserve to get paid.
I think perhaps that your relationship where you need to have a friend/comfort with agent/want to use again talk is the issue not really the amount paid. Lay it on the table. Relationships are multi-faceted and differ in every situation, the big picture is the one you're painting so don't get lost in the details of the sunset.
Talk with your friend