Comments on: Does "BUYOWNER" give commission to real estates who bring customers to them? http://www.coverville500.com/real-estates/does-buyowner-give-commission-to-real-estates-who-bring-customers-to-them Wed, 14 Jul 2010 07:49:59 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: kate http://www.coverville500.com/real-estates/does-buyowner-give-commission-to-real-estates-who-bring-customers-to-them/comment-page-1#comment-2319 kate Wed, 03 Mar 2010 14:01:59 +0000 http://www.coverville500.com/real-estates/does-buyowner-give-commission-to-real-estates-who-bring-customers-to-them#comment-2319 If the seller says NO agents , then , they mean they are Not willing to deal with them nor factor in commissions . Realtors get 6% , which can be huge . You have to call each one and ask if they will deal with an agent or not . Some say OK , and have already factored the 6% into the price but will 'negotiate' for someone who does not use a Realtor . ><br><b>References : </b><br> If the seller says NO agents , then , they mean they are Not willing to deal with them nor factor in commissions .
Realtors get 6% , which can be huge .
You have to call each one and ask if they will deal with an agent or not .
Some say OK , and have already factored the 6% into the price but will ‘negotiate’ for someone who does not use a Realtor .

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]]> By: raymejr http://www.coverville500.com/real-estates/does-buyowner-give-commission-to-real-estates-who-bring-customers-to-them/comment-page-1#comment-2318 raymejr Wed, 03 Mar 2010 13:40:59 +0000 http://www.coverville500.com/real-estates/does-buyowner-give-commission-to-real-estates-who-bring-customers-to-them#comment-2318 Kim, If the 'seller' of the house is not using a realtor, aka: "For Sale By Owner", then the seller does not pay any commissions. You, however, on the other hand, being the 'buyer' and working with a realtor, will more then likely pay a commission, typically between 3% & 6%, depending on what type of agrement you have with this realtor, when escrow (closing) is done and you take ownership of the home. Depending on the type of contract that is signed, you might be able to have the 'seller' cover all the 'closing costs', which would also cover the REALTORS commission, thus saving you some money in the long run. Hope this helps? RME, Jr.<br><b>References : </b><br> Kim,

If the ’seller’ of the house is not using a realtor, aka: "For Sale By Owner", then the seller does not pay any commissions. You, however, on the other hand, being the ‘buyer’ and working with a realtor, will more then likely pay a commission, typically between 3% & 6%, depending on what type of agrement you have with this realtor, when escrow (closing) is done and you take ownership of the home.

Depending on the type of contract that is signed, you might be able to have the ’seller’ cover all the ‘closing costs’, which would also cover the REALTORS commission, thus saving you some money in the long run.

Hope this helps?

RME, Jr.
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]]> By: Michael K http://www.coverville500.com/real-estates/does-buyowner-give-commission-to-real-estates-who-bring-customers-to-them/comment-page-1#comment-2317 Michael K Wed, 03 Mar 2010 13:00:59 +0000 http://www.coverville500.com/real-estates/does-buyowner-give-commission-to-real-estates-who-bring-customers-to-them#comment-2317 BE CAREFUL. If you have signed a contract with a real estate agent, and you buy ANY house, the agent will probably be due a comission. READ THE CONTRACT THAT YOU SIGNED. If you buy a FSBO (for sale by owner) that owner is under no obligation to pay a comission to the broker. Which means, that you could be on the hook for 3% of the sales price. That would be an extra 3% ON TOP of what you pay the buyer. If you want to buy a house that's FSBO, make sure that your contract with the real estate agent is not in effect when you make the offer. And make sure that the agent didn't show you the house. If they can proove that you made an offer on the house while you were under contract with them, or that you found the house through them, it's likely that the contract that you've signed with them will provide for a payment of comission. You can see if the seller is interested in paying the real estate comission to your broker, but I would imagine that most sellers would not be interested in that arrangement. I wish you luck, and I hope that helps.<br><b>References : </b><br> BE CAREFUL.
If you have signed a contract with a real estate agent, and you buy ANY house, the agent will probably be due a comission. READ THE CONTRACT THAT YOU SIGNED. If you buy a FSBO (for sale by owner) that owner is under no obligation to pay a comission to the broker. Which means, that you could be on the hook for 3% of the sales price. That would be an extra 3% ON TOP of what you pay the buyer.

If you want to buy a house that’s FSBO, make sure that your contract with the real estate agent is not in effect when you make the offer. And make sure that the agent didn’t show you the house. If they can proove that you made an offer on the house while you were under contract with them, or that you found the house through them, it’s likely that the contract that you’ve signed with them will provide for a payment of comission.

You can see if the seller is interested in paying the real estate comission to your broker, but I would imagine that most sellers would not be interested in that arrangement.

I wish you luck, and I hope that helps.
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