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What Fees Does A Seller Pay When Selling Their House All Locations : Nationwide Real Estate Advice

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Showing results for What Fees Does A Seller Pay When Selling Their House [Clear search]
Mon Apr 17, 2017
Leah Pham answered:
Call the owner, be sincere, tell them you are pre-approved with a local reputable lender, and that you have an agent who can help facilitate the sale. If you truly are ready, wiling, and able to make a purchase the owner might consider selling. Express to the owners that you should stay in touch, even if they aren't ready to sell now, maybe they will be in a year or two. Good luck! ... more
0 votes 18 answers Share Flag
Fri Jun 17, 2016
Deb Jones answered:
I would be happy to send you a seller's net sheet to show you typical closing costs that are involved in selling a home here. Please send me your email address and I will send it to you. debj@debjrealestate.com Thanks! ... more
0 votes 9 answers Share Flag
Fri Apr 14, 2017
Janet Nation, CBR answered:
They are based out of NJ and provide financial assistance and guidance to first time home buyers. I can only speak from my experience but I find their process painfully slow, which can kill a transaction easily. Be prepared to spend many hours with them on the phone or make personal trips to NJ to get a response to your file. I wonder if it's worth the savings. What was your husband's client experience?

Janet Nation, CBR
Sailing Home Realty
Direct: 646-321-9649
Office: 516-377-4760
Licensed Real Estate Salesperson
www.jnationproperties.com
... more
0 votes 77 answers Share Flag
Tue Feb 5, 2013
Jonathan and Theresa Mack answered:
There are a few ways to look at this. Certainly, at times, your chances of getting an offer accepted could be better when you use the listing agent. At the same time. many agents will not work with both the buyer and seller because it could be considered a conflict of interest. Even the agents that do work with both sometimes have a hard time fairly negotiating, etc. Also, some sellers do not prefer for the listing agent to be in dual agency with the buyer.

Honestly, my recommendation is to find a buyer's agent that you trust that is knowledgeable. It is SOOOOOOO important to have an agent that is fighting for YOU! It is critical to your success that you are represented fairly and honestly. This goal is often best achieved when each party has their own agent.

Good luck and let me know if you have any other questions!

Theresa Mack
Coldwell Banker
(858) 230-4850
theresakmack@gmail.com
www.mackrealestate.com
... more
0 votes 8 answers Share Flag
Thu Feb 7, 2013
Meena Gujral answered:
Hi Jay,

I am sure by now you are aware that this is a seller's market so anything and everything is possible. The sellers are in a position to ask the buyers to pay for what would normally be sellers closing costs.
The sellers know that inventory is very low and there are too many buyers looking for a home.

In this market with demand so high, the builders can be choosy and they are not willing to nogotiate much at all. So if you don't pay them what they are asking for, they have too many buyers lined up who are more than happy to pay the asking price and get into a property.

I am sorry, I know that this is not what you wanted to hear, but that is what the market conditions are right now.

You should make sure you take an agent with you when you go to see new homes. I also provide the buyers with an analysis of how much the homes in the last few phases have sold for and how much the resale homes in the neighborhood are selling for so you can make an informed decision.

So if you are still checking out other builders, make sure you do not go in on your own. The builder will pay the buyer's agent commission so it will not cost you anything to get an agent. You have a lot to gain and nothing to lose .

Meena Gujral
Achievers Realty
510-279-9580
www.helpusellachievers.com
... more
0 votes 5 answers Share Flag
Tue Sep 24, 2013
Michael Cheng answered:
I'm not sure why a Realtor would get involved with the GFE, as that's usually handled by the mortgage originator. But in this case, the term is self-explanatory as you pointed out yourself. It's a good faith ESTIMATE. It's not a promise or commitment. (It should be explained in the fine print of the contract.)

Sounds like somebody made some mis-steps along the way, but I doubt you have a legitimate reason to breach the contract. Of course, you should consult with a real estate attorney, which will unfortunately run you another $1-3K when you're already in a bind.

In any case, if your father can't afford the mortgage, then what good would backing out do for him? Unless you know you can get a lot more money on the house, then he should just take what he can get before he starts defaulting on the mortgage and get foreclosed.
... more
0 votes 15 answers Share Flag
Wed Oct 16, 2013
Scott R Hamilton answered:
Can you send me a link to the listing online? My first question would be, "How are the photos?"

Scott R Hamilton
512-660-0400
http://www.scotthomesales.com
0 votes 20 answers Share Flag
Tue Jan 29, 2013
My NC Homes Team answered:
My honest thoughts are this is lousy advice and unless you have this discussion prior to signing a buyer brokers agreement you should have no expectation that your broker will give you part of her commission. How willing are you to give someone who asks you for part of your salary

Here's what I know to be true, agents who rebate commission do so because their weak, hungry for any business and don't have any real idea what their doing or even supposed to be doing. It's all they have to offer and if you choose to work with a discounting agent you'll get what you pay for.
... more
0 votes 13 answers Share Flag
Fri Nov 1, 2013
Jerry Heard answered:
Peter,
I can understand your frustration, If you are working with a Realtor who really knows what you want they can guide you in the way to make the best offer quickly. Cash does not always make that big of a difference if the home is in sound shape and your offer is strong. Most of the homes being sold these days are financed.
Living far away is more of a problem than the cash buyers. Since many people are making offers you need to get your offer in right away. If it takes you several days to see the home, it may already be off of the market Your Realtor needs to sell you to the seller and their agent. It is not just a matter of sending the offer in.

Local Help with Your Real Estate Needs

Jerry Heard
Your Broker
The San Diego Property Shop
www.TheSanDiegoPropertyShop.com
jerry.sdps@cox.net
Direct 619-920-9796
Office 619-269-5545
Fax 619-269-9168
CA DRE # 00648687
... more
0 votes 56 answers Share Flag
Mon Feb 4, 2013
Rich Homer answered:
We would like to help in your pet friendly home search by emailing you active listings with your search parameters. We can work along side you while you continue to use our free self-service website at, NaplesRealEstateGuys.com . Please let us know if we can help, as a Real Estate Broker and Realtor, our search engine is more robust. Hope to get your approval, so let us know. Toll free 855.627.5376 ... more
0 votes 21 answers Share Flag
Sun Jan 27, 2013
Sheri Knepel answered:
Oftentimes what may seem like the cheaper way to go ends up being more expensive in the end. How does the average person really know what the current market value of their home is now? Is it what the tax assessor says it is? Is it what one paid for it plus what one has invested in it to improve it? How does one market it to attract the best , the most qualified buyers in the shortest time possible? How much does a FSBO invest in marketing it and how much of one's own time is spent learning how? Perhaps professional advice on staging, decluttering and cleaning it would help it stand out against the competition? How about the networking and the referrals that a professional Realtor brings to the table? They not only market to Buyers but also directly to other professionals that are also working with Buyers. How many Buyers are missing your property right now, because they are seeing listed properties exclusively? 6% commission may seem like alot but when Sellers realize how much expertise, support and representation they receive through the entire process with a professional Realtor, not to mention the best possible price in the current market, the value is self-evident! . ... more
0 votes 9 answers Share Flag
Fri May 24, 2013
Shanna Rogers answered:
Hi Jacedionne,

Get pre-approved for your loan (unless you're paying all cash) - so you know what properties you should look at for purchase. And, hire a Realtor to assist you - unless you know all the Real Estate laws in your state. The seller usually pays all the commission - for both the listing agent and the selling agent (buyer's agent).

Shanna Rogers
SR Realty
www.RealtyBySR.com
... more
0 votes 32 answers Share Flag
Sat Feb 16, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
... more
0 votes 12 answers Share Flag
Wed Jan 22, 2014
Pamela Weatherford answered:
Hi Donna,
If the seller has already signed a contract with the realtor then he is bound by the contract to use the agent to represent him. That agent will be looking out for the best interest of the seller. You on the other hand will not have someone looking out for your best interest. I have helped many buyers work with FSBO's or FSBO's who decide to hire an agent. Call me 719-661-8672 or email me and let me show you how I can represent you and it not cost you anything.
Pamela Weatherford
Keller Williams Clients Choice
719-661-8672
Soli Deo Gloria
pamela@pamelashomes.com
... more
0 votes 14 answers Share Flag
Wed Sep 11, 2013
Michael Cheng answered:
That's really unfortunate. You probably have a case. You should speak with a real estate attorney.

It's for situations like this why I always recommend buyers bring a Realtor along whenever buying a new construction home. ... more
0 votes 11 answers Share Flag
Wed Jun 10, 2015
Stephanie McCarty answered:
the work you are asking the agent to do is anything but minimal. Finding the house is the easiest part. You can ask anything but if you are working with an experienced, good agent, don't expect it. ... more
0 votes 30 answers Share Flag
Sun Apr 6, 2014
David O'Neil answered:
Those are some fairly complex questions. There are some FHA programs that might you might be able to use however, I would need a little more info from you with some more specific numbers on what you are looking to purchase. As far as the tax info is concerned, that is not a very accurate assessment as to the current market value of your home. Having a market analysis done by a realtor would help find the number your home will sell for in the current market.
If you would like to have a more in depth private conversation on this, please give me a call.

Dave
612-876-1544
dmoneil@cbburnet.com
... more
0 votes 23 answers Share Flag
Mon May 13, 2013
Jonathan Citron answered:
robindtennis,
A very good question. The old saying goes, 'you get what you pay for.' In this market at this time in Northern NJ, it is standard for a listing agent to ask for a brokerage fee of between 5% and 6% of the sale price of the property. The days of the 'discount brokerage firms' are gone. But, remember: everything thing is negotiable, even listing fees. Nothing is written in stone. A quality listing agent will spend the time, money, and energy--well and wisely--to get you the most money for your property in this real estate market at this time.
Wishing you all the best, and, of course, a very happy new year.
Jonathan
jonathancitron@kw.com
... more
0 votes 21 answers Share Flag
Mon Aug 15, 2016
Sally Grenier answered:
Never heard of it til now! However, I just checked it out, and I'm not very impressed. I did a basic search, and found one property in all of Erie CO and it's under contract. Found 3 in Longmont. ... more
0 votes 12 answers Share Flag
Mon Dec 24, 2012
Adrian Ornelas answered:
In any normal home purchase the buyer pays for Buyer's Closing Costs and the seller for the Seller's Closing costs. In a buyer's market it is common for a seller to pay for the buyer's closing costs, but currently Las Vegas is a Sellers market. Are they requesting that you pay for the seller's closing costs? ... more
0 votes 7 answers Share Flag
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