I am trying to sell my house on my own...?

Question

People have been stopping by with there realtor...then they ask if I am willing to work with their reator. So does that mean I have to apy the realtor a finders fee or something and if so, what % is it?

Answer 1

You don't HAVE to pay anything. You can always say you do not work with Realtors, BUT, if you do this, you'll loose a lot of buyers.
If you are willing to pay commission to a Realtor, you can say you pay 3% or 2% (or whatever you decide) and then, if a Realtor brings a buyer, you are obligated to pay.
It's not like a Realtor comes in with a buyer an tells you that he or she wants so much in commission. It's the other way around. You set the commission you are willing to pay. If you are willing to pay from 2 to 3% commission, most Realtors will work with you. If you say you don't want to pay anything, no Realtor will show your home to his or her buyers.

Answer 2

Remember this ... Serious Qualified Buyers are usually
working with a Realtor.

What you pay the Buyer's Realtor depends on what you
and that Realtor negotiate.

The Realtor has (already) spent time and money to bring you
a qualified Buyer. That Realtor will continue to work with
that Buyer during the Buyer's Final Mortgage Approval
Process ... Now; will you obtain Title Work? Will you determine and secure any inspections & repairs required by the city that you live in? What about the other mandatory documents and disclosures that are required for a real estate transaction?

Depending on who takes care of the above ... that will be
the basis used to determine how much of a commission or
a transaction fee the Buyer's Agent will receive. Again it
is entirely negotiable. Many Brokers now have a "menu"
of fees; and depending on how much you do or do not want the Broker to do ... that will determine what you pay the
Real Estate Broker.

I would agree with those that have said you can expect to pay a Buyer's Agent between 1.5 - 3% of the Purchase Price,
depending (again) on what you negogiate with that Realtor.

Answer 3

Of course you want to work with Realtors. They won't bring you potential buyers if you don't.

Have a set amount in mind that you will pay. It can be a flat fee, a percentage of the sale price, what have you. So when someone asks if you are willing to work with their Realtor, you can confidently say "yes!" and tell the Realtor what you will pay them for bringing a buyer.

I have never had a FSBO refuse to work with a Realtor that has a potential buyer. Some want to pay a very small amount for me to bring a buyer, but commission is negotiable.

Answer 4

Why is it so wrong to work with a Realtor??? They know the paperwork, how to find lenders, get it closed. Isn't the objective to get the house SOLD? It isn't easy and it isn't cheap. It takes a stream of buyers (that Realtors have gained over time in the business), marketing to those Buyers, qualifying the Buyers.... Buyers aren't just sitting around waiting to be driving by your house with a carful of cash to drop on your doorstep. If your house is in good shape, well maintained, priced right and in a good area then you can afford to pay a fee for a qualified buyer to buy your house. It is a complex business. Why cheat yourself by being cheap?
As far as the percentage- 3-6% is a negotiable range, depending on the price but ALL of it is negotiable. Federal law prohibits from having standardized commissions. Every one is negotiated and every one is different. See what your market and what your pocketbook allows or... hire a professional for guidance.

Answer 5

As far as I know what happens normally is that that realtor would receive a certain percentage from your realtor. Considering that you do not have a realtor you would pay that %. Depending on the type of market you are in and on the sale you can look at 1-3%.

Answer 6

Easy, you didn't go in with a gun to steal the bag of chips, and shop lifters only get in trouble once a while. The police could careless. You can find out who actually owns a house by calling the country assessor's office. They will tell you who owns a house. Also you want to deal with a licensed real estate agent, or the owner of a property. Most owners list with a real estate office. Some owners will sell by themselves, which can be done. But never make the check out to them. I use a third party or title company to hold the earnest money. That way no one can point the finger about stealing the money. And you do need to file a civil law suite against the people or contact the district attorney's office. If they have enough complaints they will file an action against the people. But the police. they could care less. Crazy world, but just how it is.

Answer 7

The seller ALWAY pays the buyers realtor fees. You'll have to discuss that with the agent on what their fees are and see if you can negotiate it down to 3%. If you tell them no you won't work with an agent, the agent will advise their clients not to purchase and will take them elsewhere.

When I sold my condo my father, who's an agent, did all the work but did not take a commission from me, however, I had to pay the buyers agent a commission.

Answer 8

Yes, Realtors are expected to be compensated when they work with their buyer's.

Typically you would pay a buyer's agent 3%

And a seller's agent 3%

Since you are representing yourself, you are the selling agent and get to save the 3%.

Good luck

Terry S.

http://www.Welcome2Arizona.com

Answer 9

Usually 3% of sales price. It's ok not to have listing agent who will represent you but if you are not willing to pay selling agent (representing buyer), well good luck~ Anyhow, if you set the commission at 3%, 2%, 2.5%, 1%..this is all up to you.

Answer 10

It is negotiable between you and that Realtor. It ranges anywhere between 2% - 4%.