Few more questions re: Home Buying
#16
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Joined: Mar 2008
Location: Santa Cruz, CA
Posts: 4,913
Re: Few more questions re: Home Buying
So, yes, it is complicated and, yes, the OP needs to understand all of these issues, but it isn't as simple or cut and dried as you seem to be suggesting.
Finally, the OP should remember that everything is negotiable. In most real estate deals both the seller's agent and the buyer's agent are highly motivated to make the sale happen because that is the only way that they are going to get any money out of it at all. If takes reducing their commission (or, more likely, agreeing to pay some costs out of their commission) to make the sale go through then that can certainly happen.
#17
Re: Few more questions re: Home Buying
When we last used a realtor to find a house for us we had to sign something up front. If he showed us something - we had to go through him contractually. Did you sign anything with the realtor?
i would also add - ive brought a house via a realtor in Ohio, sold same house via a different realtor and now used a third to buy a house in texas. I cant imagine doing it myself. At each occasion - the rules were totally strange, complicated and almost bizarre (if you main house buying/selling experience is the UK housing market). I would NEVER attempt to do it without a realtor. The 'norms' here are just so different to the UK it would be baffling and so easy to cock it up.
i would also add - ive brought a house via a realtor in Ohio, sold same house via a different realtor and now used a third to buy a house in texas. I cant imagine doing it myself. At each occasion - the rules were totally strange, complicated and almost bizarre (if you main house buying/selling experience is the UK housing market). I would NEVER attempt to do it without a realtor. The 'norms' here are just so different to the UK it would be baffling and so easy to cock it up.
Last edited by MsElui; Dec 8th 2014 at 3:43 am.
#18
Banned
Joined: Apr 2013
Posts: 5,154
Re: Few more questions re: Home Buying
When we last used a realtor to find a house for us we had to sign something up front. If he showed us something - we had to go through him contractually. Did you sign anything with the realtor?
i would also add - ive brought a house via a realtor in Ohio, sold same house via a different realtor and now used a third to buy a house in texas. I cant imagine doing it myself. At each occasion - the rules were totally strange, complicated and almost bizarre (if you main house buying/selling experience is the UK housing market). I would NEVER attempt to do it without a realtor. The 'norms' here are just so different to the UK it would be baffling and so easy to cock it up.
i would also add - ive brought a house via a realtor in Ohio, sold same house via a different realtor and now used a third to buy a house in texas. I cant imagine doing it myself. At each occasion - the rules were totally strange, complicated and almost bizarre (if you main house buying/selling experience is the UK housing market). I would NEVER attempt to do it without a realtor. The 'norms' here are just so different to the UK it would be baffling and so easy to cock it up.
Can't afford the costs? Don't buy a house.
#19
Re: Few more questions re: Home Buying
Generally, it's the seller that pays the realtor Any introduction, even if the listing is expired, counts toward the realtor's claim of commission.
Otherwise every unscrupulous seller would be telling a potential buyer to wait for the delisting and save all or part of the realtor's fees! Easy if they offer a $15k discount and still save $12k (in this example, assuming commission at 6%)!
Otherwise every unscrupulous seller would be telling a potential buyer to wait for the delisting and save all or part of the realtor's fees! Easy if they offer a $15k discount and still save $12k (in this example, assuming commission at 6%)!