Moving in North Aurora>Question Details

Anjali, Both Buyer and Seller in Chicago, IL

one step away from getting my license and recently decided to move, should I be my own agent?

Asked by Anjali, Chicago, IL Mon Mar 9, 2009

I took the class1 year ago and all I have left to do is take the state exam and find a broker. I found out I was pregnant and put it on hold. Now I am considering selling and buying a house for myself. Should I get my liscense now or will I not be able to use it for this purpose anyways? If I do persue it, it will only be part time as I am currently employed. I also made the mistake of not using an agent the first time, doing all the work and let some one collect commission on 10 mins worth of work. I am still going to do the work myself so using a buyer's agent doesnt make sense to me but I don't know how else I would make an offer.

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Answers

7
"that it cost nothing to work with a Buyers Agent."

Wrong. Cost is 3%.
0 votes Thank Flag Link Mon Mar 9, 2009
Hi Anjali
Sounds like you have alot to think about. Keep in mind that you call always sell as a For Sale By Owner and that it cost nothing to work with a Buyers Agent. Also keep in mind that there are many cost that go with being an active agent. In a market there are many full time agents that can not make ends meet. If you need an idea of the cost to buy and sell a home, we can help.
Ramirez Team
Century 21 Pro-Team
Web Reference: http://www.ez247tour.com
0 votes Thank Flag Link Mon Mar 9, 2009
"If I were my own buyers agent I could get that 3% or whatever back minus broker fee true? "

Right. Just tell the Seller's agent that is what you want to do. They will be fine with it.
0 votes Thank Flag Link Mon Mar 9, 2009
When I say I dont know how else to make an offer I mean by not letting someone collect the 3% for something I could do myself. If I were my own buyers agent I could get that 3% or whatever back minus broker fee true?

Gino, I will be in touch shortly!
0 votes Thank Flag Link Mon Mar 9, 2009
Do not get angent.
Do not buy a house.
Rent now.
Save.
Learn and buy later.

You realize these people are taking 3% from you right. You do not have to give the seller's 6% for nothing.
0 votes Thank Flag Link Mon Mar 9, 2009
Depending on your state, you may not be able to work for yourself as a new agent (ie. in MA you have to be a broker to work for yourself, sales person (license you get) can only work for a broker)

Also, you can make an offer by telling listing agent you want them to make twice as much as they'd normally make, they will be happy to help you write an offer. Lastly, there are benefits to using a buyer's agent, you just need to know what they are and find an agent that will offer them compared to doing 10 min worth of work.
0 votes Thank Flag Link Mon Mar 9, 2009
Hello Anjali,

My name is Gino Metallo. I am one of the broker owners at Providence Residential Brokerage. When you have a moment, give me a call at 630-688-2345 and let's talk about your situation and your goals.
0 votes Thank Flag Link Mon Mar 9, 2009
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