I am buying home, my husband and I found the home no realtor used. Do you think the new home (Pioneer Homes) will consider puting the realtor's 3% towards our down payment, closing costs or upgrades since they have put 3% in there for the realtor rather we have one or not?
2007-02-12 10:25:26 · 4 answers · asked by jonetta_williams 2 in Business & Finance ➔ Renting & Real Estate
They will not typically do it, although there is no harm in asking. The realtor referral fee is paid in order to entice realrots to bring their clients to the builder. Once you have been there with no realtor, there is no fee. Their marketing (ads, signs, etc) already brought you there. Sorry, but it is probably too late.
2007-02-12 10:47:25 · answer #1 · answered by sdmike 5 · 0⤊ 0⤋
If you are buying directly from the builder then you can negotiate anything you want from the builder.
Why stop at 3%?
Negotiate for an appliance package (if one isn't offered), lanscaping, upgrades, legal fees...
You will be using in you negotiations the fact that they are not paying a REALTOR the 3% to support your position in asking for all these things.
Tell them that you know other people who may want to purchase in the neighbourhood and do they offer you a finders fee...tell them that if they give you a really great deal on your home purchase you will do your best to sell a bunch more homes to your friends for them before the year end!
Good luck!
2007-02-12 18:52:58 · answer #2 · answered by glen s 3 · 1⤊ 0⤋
What I have learned the hard way when buying homes is that you just ask. It doesn't hurt to ask that question when you are closing because there are no rules when it comes to realtor fees.
2007-02-12 18:29:13 · answer #3 · answered by Pilar 1 · 1⤊ 0⤋
It is illegal to pay anyone a commission unless they are licensed. Just ask them to "reduce the price" or give you some legal "rebate" but don't ask for a commission.
2007-02-12 18:34:21 · answer #4 · answered by dreamgirl 5 · 0⤊ 1⤋