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Michelle Bailey
"The greatest compliment is a referral from you!"
- 1 Helpful Answer
- 2 Answers
- 40 Listings
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Specialties:
First time homebuyers, short sale and bank owned properties, e-pro (certified in using technology to better help my clients), buyer representative.
About:
My purpose is to excel in customer service and to keep clients for life. I want to WOW my clients beyond normal expectations. My clients should expect
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Testimonials:
"They say that buying/selling a home is in the top ten of the most stressful things you can do in life. Having Michelle as our agent actually made the
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Michelle Bailey answered:
Chris
I'll add further support to what's already been said. You will not get the commission because you're not an agent. The lender wants to net a specific dollar amount and anything else they can get is icing on the cake. If you had representation that agent would be paid a reduced rate but since you're representing yourself that's just more money they can pocket.
Here's an example of a recent short sale we were dealing with. We were representing the seller and had an offer accepted by the bank. The buyer happened to be a realtor and it was properly disclosed in the contract. The bank was willing to pay all commissions...until the last minute when they were doing a final review and noticed that the buyer was an agent and was going to get paid a commission. Even though they had already agreed to the price with full commissions they were not willing to pay the buyer agent a commission. The deal went dead.
The only consistant thing with short sales is that they are not consistant and they don't always make sense!
Good luck!
Michelle
I'll add further support to what's already been said. You will not get the commission because you're not an agent. The lender wants to net a specific dollar amount and anything else they can get is icing on the cake. If you had representation that agent would be paid a reduced rate but since you're representing yourself that's just more money they can pocket.
Here's an example of a recent short sale we were dealing with. We were representing the seller and had an offer accepted by the bank. The buyer happened to be a realtor and it was properly disclosed in the contract. The bank was willing to pay all commissions...until the last minute when they were doing a final review and noticed that the buyer was an agent and was going to get paid a commission. Even though they had already agreed to the price with full commissions they were not willing to pay the buyer agent a commission. The deal went dead.
The only consistant thing with short sales is that they are not consistant and they don't always make sense!
Good luck!
Michelle
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