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Mikem
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Mikem’s Questions (2)
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Mikem’s Answers (103)
Mikem answered:
The sites help you get the home in front of buyers, whether or not they buy will depend on the price and all the usuall things. But since you can't really control if someone buys, all you can do is put it in front of buyers and see.
Are the obscure sites no one ever herd of really needed? Not really, but you do want to have your home on the major sites (trulia, zillow, craig's list etc)
Are the obscure sites no one ever herd of really needed? Not really, but you do want to have your home on the major sites (trulia, zillow, craig's list etc)
Mikem answered:
Did you ask her why all the extensions? There might be a reason outside agent's control, like say the owner not moving out in time or some such. But I suppose stopping by agent's office to chat with them/their broker wouldn't hurt.
And yes, you *could* go through someone else, a buyer's agent (an agent that works for you, unlike the listing agent which works for the seller) you may not be able to do it now since the listing agent would have a good case for procurring cause.
And yes, you *could* go through someone else, a buyer's agent (an agent that works for you, unlike the listing agent which works for the seller) you may not be able to do it now since the listing agent would have a good case for procurring cause.
Mikem answered:
Ah I see, I misread the question originally. The contract that seller has with the listing agent is between the seller and the listing agent, a buyer is not a party to that contract and as such has no influence over it. As a buyer you pay a price, that's all.
The contract between listing agent and the seller may specify that the agent will reduce their comission if they are getting both sides, or it may not. A listing agent may also be willing to reduce their comission to increase the "net gain" to the seller to make the deal go through, or they might not.
However as a buyer you just pay whatever price you want and hope your offer is accepted, weather you have a buyer's agent or not doesn't change this.
The contract between listing agent and the seller may specify that the agent will reduce their comission if they are getting both sides, or it may not. A listing agent may also be willing to reduce their comission to increase the "net gain" to the seller to make the deal go through, or they might not.
However as a buyer you just pay whatever price you want and hope your offer is accepted, weather you have a buyer's agent or not doesn't change this.
As a buyer you do not pay comission to buyer's agent (unless the seller is a fsbo who refuses to pay comission) the buyers agent gets paid by the listing agent. Some people look at it as buyer paying though, since the buyer is the one footing the bill in the end. (of course, since seller doesn't get that many the seller looks at it as their loss, i.e. the seller pays) it's one of the more amusing debates about rel estate.
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MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
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