Can't believe some of the answers below. Whatever you need ..please let me know and we'll see what we can do to help you.
The lack of responses to your question should tell you a great deal, but Iâ€™ll try to bring it down to laymenâ€™s terms.
Imagine your boss coming to you and asking you to work a full 40 hour week, plus another 10 hourâ€™s overtime. But after he pays you and you receive your check, he wants you to give the overtime payment back to him.
If you did agree to that, might you be inclined not to work as hard or diligent?
If you do find such a hungry and desperate agent, look at the bigger picture - not just the monetary aspect.
Frank Biganski, Realtor ABR
Sorry I didn't answers sooner Iâ€™ve been busy at work. To clear a few questions I was talking about buyer representation. I actually have a realtor that Iâ€™ve been working with and she told me her broker would not allow that type of transaction, not that she wouldn't do it. I've decide after reading many comments to reward her service to me and my fiancÃ©. But Iâ€™m really surprised at how many people responded to the question on both sides of the issue.
And the way I see it, driving around and searching for properties for a buyer constitutes about 1/3 of the time, energy and money involved in working with a buyer. So it you cut that part out and need a Realtor to help you and guide you from offer preparation through closing, then it's fair to me to only charge 2 percent and give you back the difference.
I have to admit i am somewhat surprise not get any offers, for the simple fact that a buyer can pretty much go through the process alone. No disrespect to any of the realtor's out there but it would just seem like easy money to me. You have an inspection of a brand new houses and paperwork . No finding comps, no wasting gas and valuable time driving around town, a pretty straightforward process. You know it's everything the buyer loves because they built it themselves.
In most cases, you get what your pay for and it is the cheapest person that winds up spending (or losing) the most money.
I realize you have a valid point of view in your reply, but it's rarely that simple.
When I first got into this business, I remember my educator telling me the two words I would hear and say the most: â€œIt Depends.â€ He was so right, and I always have a little private chuckle whenever a buyer or seller asks a blanket question like yours.
Although a buyer can pretty much go it alone when buying a property, so can anyone else in any other circumstance. A person on trial in a court of law can go it alone, and choose not to hire an attorney. A person earning a 6 figure income can choose to do their own taxes and not use a Certified Professional Accountant. The outcome of each of those scenarios can vary greatly, just as the buying and selling of a property can vary.
Just because the property is new construction doesnâ€™t mean itâ€™s infallible to defects, encumbrances, or latent issues. The house could have been built on land where a previous unknown partial owner will appear out of the woodwork and lay claim to the property. Perhaps this owner lived in England for the past 18 years and was never notified about the sale. Or perhaps the title agency might uncover a mechanics lien on the property from a contractor who graded the land but was never paid. Now we have to negotiate through that aspect â€“ time consuming, and perhaps an attorney may need to become involved.
Yes, we agents occasionally become involved in a purchase or sale that goes so smoothly, we start to get nervous because weâ€™re waiting for the other shoe to drop. But when 99% of our deals are very time consuming and incredibly challenging, when a clean deal comes along, that is our little bonus.
If I did take on your offer, I would just take the 1% and forgo refunding 1% to you because I would have to pay taxes on the full 2%. And I might not get to deduct that 1% refund on my taxes because basically, IT DEPENDS.
Contact a buyerâ€™s agent near you by visiting http://www.rebac.net. Thereâ€™s typically no charge to speak to an agent in your area, and perhaps they can provide you with some professional insight as to why the delay. Who knows, you may also find the agent youâ€™re looking for too!
Most good Realtors I know are not fighting to get more listings -- they want to get more buyers. In today's market agents have to spend more in advertising, marketing and networking to get the few buyers with the money and courage to buy.
An agent who is willing to take a 2% commission; share it with a selling agent; and give back 1% would actually lose money. You would need to find a real dumb agent to accept such a deal and I would not want him or her representing me.
You may do better using a listing service, advertising and handling the sale yourself and offering 3% to cooperating brokers, so they will bring you their buyers. I don't know about your area, but in South Florida the majority of sales result from agent network.
Contact me if you'd like to chat further. And yes, I can put it in writing so that we're all on the same page and can hold the other accountable.
Is the 2% commission you are referring to for the selling of a home or to assist you with the purchase?
There are many savvy homebuyers out there who know the market and what they want. You sound like one of them, however, have you negotiated a sale in this market? What happens to you when a problem arises? The sales agent works for the builder. The contracts are written to protect the builder. Make sure you read the fine print before signing. Once you have walked into a builder's office unrepresented by a Realtor and start discussions about the building process, the builder will not pay a Realtor you bring in after the fact.
I live in Bristow and my Long & Foster office is in Gainesville. I would be happy to sit down and discuss your question in great detail.
Julie Holtkamp, Realtor
Long & Foster, Gainesville
I am not sure what you are asking for. Do you want a Buyer's agent? Someone who will work on your behalf: inspecting the property and the options and make sure you get the most value and make the best choices for resale? preparing the paperwork, negotiating the terms of the offer? overseeing inspections? moving the process from contract to closing, keeping an eye on the other side and advocating on your behalf when issues arise? coordinating your lender and insurance agent and making recommendations to top notch professionals? reminding you to order your utilities on and dealing with problems with the utility companies who don't have your address on the grid? reviewing your final documents, accompany you to closing , and THEN do something questionably unethical and probably illegal in VA (loan fraud) by giving you money back at closing?
Why I. too, am suprised!
If you are talking about listing your new construction, then I would understand why no takers- I would spend one percent in the first two weeks on marketing. For the pleasure of saying I had a new lisitng, its not worth the negative income.
You might try a google search. I hear there are online brokers who will in fact, take a commission, provide you with a contracut and act as a processing agent for you- all for about 1%. You really don't need an agent's help on new construction, after all, do you?
I am not tryng to be mean- just rying to let you know that our job is not about driving people around looking at house. Good luck - I hope you do well.