2007-05-25 15:29:42 · 6 answers · asked by wendy b 1 in Business & Finance ➔ Renting & Real Estate
Sadly you still owe them the commission.
2007-05-25 15:32:30 · answer #1 · answered by girlonline64 5 · 1⤊ 0⤋
An agent tries to publicize your home far and wide. It is impossible to say your buyer showed up without ever seeing the sign in front yard, or the info on the net or the ad in the paper, or whatever. So An agent normally has you sign an agreement that whoever buys your home during that listing period they will get paid for all their marketing efforts they spent time and money on.
Besides a good real estate does far more than simply find someone that wants to buy your home.
What if the buyer doesn't get their mortgage application in or even pick out a loan officer on time? What if they pick out a loan officer that doesn't do his job in a timely manner? What about selling their previous home? What about inspections? Hazard insurance? repairs? What if you and the buyer disagree on closing or possession dates? What if the buyer tries to bully you into doing something illegal or wrong? Or tries to get you to let him move into the house before it is his?
There are hundreds of things and right now everything looks rosy to you because you think nothing will go wrong...and maybe not. But if something does, wouldn't you like to have someone in your corner that has been thru this hundreds of times before?
I am a real estate agent and I remember a friend that just as he was about to list his home he found someone that he thought would buy the house. A month later he called me up and told me how it fell thru just as he was packing up to move. Then he found someone else- then a month later he called me to say the same thing again. It happened three times to him before he listed with me.
Sometimes things go wrong even when you are listed with a good agent...but they can help you deal with what ever happens.
2007-05-25 23:21:51 · answer #2 · answered by glenn 7 · 0⤊ 0⤋
Did you expect the realtor to work to find a buyer, without your help?
Congrats on finding an interested party. Now is not the time to get cheap. Set up a meeting with your realtor and excuse yourself. Let your realtor do the job you hired him for.
You will have to learn to let go of "your house". Don't get personally involved beyond a signature. Remember, you are moving on. That sounds harsh but too many buyers want to be personally involved in every small detail of the sale. Think of this as a property not "your home".
2007-05-26 09:55:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you signed a listing contract called "Exclusive Right to Sell" (the most common by far) you will owe the real estate firm the same commission regardless of who found the buyer. Read your contract carefully, and you will find no exclusion for commission payment based upon the finding of the buyer.
2007-05-25 22:33:21 · answer #4 · answered by acermill 7 · 3⤊ 0⤋
I am sure the contract says that if you, your family or god finds a buyer, you still owe the commission. Unless you specified in the contract that you do not owe a commission if you find the buyer, you will be paying. Sorry to break the bad news
Good luck
RE Agent,
Rea\max
2007-05-26 11:09:45 · answer #5 · answered by frankie b 5 · 0⤊ 0⤋
You should tell the real estate agent that you have found some onr willing to buy... they will like that more than you going behind their backs
2007-05-25 22:32:43 · answer #6 · answered by blob b 1 · 0⤊ 0⤋