Marci Weinberg, Realtor
ReMaxAction REal Estate
Coldwell Banker Yorke Realty
I'm thinking by your question that you signed with a Realtor and now maybe you realize that you and he/she don't have the right chemistry. I would suggest "talking straight" with the Realtor, and maybe work out a new client agreement or even possibly a termination to the agreement before you make any moves. If I am wrong then I don't see any reason why you wouldn't want to go with your Realtor. They are there for you and only you (not the seller) and will help you navigate the waters. That's their job that's what they do- all the time. I am an advocate for representation and a firm believer that nobody should go it alone. Breathe deep, relax and have fun with your new "partner in real estate" I think you will be very happy in the long run. Good luck!
If the property is a listed home, then the seller's agent is offering compensation to whichever agent brings the buyer. This is called a co-broke. I'm not sure if you signed an Exclusive Right to Buy agreement, which will tell you whether or not your agent is charging you an additional fee besides what the seller's agent is willing to compensate them. If this is a FSBO property, your agent would spell out the terms there as to how the compensation will work. I know many agents that do not charge their buyers any additional fees and are completely happy with the seller's agent compensation.
The seller pays the commission and in most cases the buyer does not.
If this is the scenario you are in, I'm not sure why you wouldn't want to use your current agent and have someone representing your best interest. If your unhappy with your current agent, I would recommend communicating that to them honestly.
I would recommend you use a professional Realtor to handle your best interest.
Deja Lett, Realtor
Assist 2 Sell Home Team Advantage
13 Park Street
Saco, ME 04072
Marci is absolutely right. I'm not a realtor, I'm a loan officer but I can tell you that everything Marci just said below is correct. No$Down apparently believes that each party in a transaction pays their own realtor to represent them. That is not true 99% of the time. If the property is listed for sale by a real estate agent, it's the seller that pays for the realtors involved in the transaction. If you just go with the sellers real estate agent you will walk through that transaction without anyone looking out for you. It's call dual agency but in actuality the agent can't represent both sides so they are always looking out for the seller only. Not the buyer. But they collect 100% of the commission because there is not another agent involved.
Have a full time realtor represent you.