What are you paying buyers agents?

[Anonymous]

We got our house because we did not use a buyer agent. The selling agent was delighted to keep the commission that would have gone to the seller agent so he sold to us. We probably would have offered more to the seller agent under the new rules.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing. I'm calling the listing agents to see any houses I'm interested in.

That's what will happen. Listing agents can now get an extra percent or two from the seller if the buyer is unrepresented. Not having to deal with another agent is worth it to the seller and to the listing agent.

Listing agents have always been able to pocket more commission if the buyer is unrepresented. That isn’t new.

It’s generally a bad idea for buyers to do this, however.

Yes but the listing agreement now let’s a seller elect to pay additional commission to a listing agent rather than a buyer agent.

That is effectively how it has always worked. Again, literally nothing new here.

I do not understand. When we bought a house, the seller’s agent gave us a credit for the buyer agent commission. Why didn’t she keep it?

The whole thing? Probably because she kept some of it, duh.

[Anonymous]

Anonymous wrote:
We got our house because we did not use a buyer agent. The selling agent was delighted to keep the commission that would have gone to the seller agent so he sold to us. We probably would have offered more to the seller agent under the new rules.

No, the theory is that you would pay less.

If you didn’t use an agent before, the listing agent got the entire 5 or 6%. And you didn’t have anyone looking out for your interests in the deal.

[Anonymous]

Y'all know that most of the posters here are RE agents....

[Anonymous]

Thinking of selling my townhouse in Rockville. Is it possible to offer 4 or 4.5% across both seller agent and buyer agent? The townhouses near me have been kinda sitting so I don’t feel comfortable doing a FSBO

[Anonymous]

Anonymous wrote:Thinking of selling my townhouse in Rockville. Is it possible to offer 4 or 4.5% across both seller agent and buyer agent? The townhouses near me have been kinda sitting so I don’t feel comfortable doing a FSBO

Yes. Plenty of good agents would jump at that.

[Anonymous]

Anonymous wrote:Thinking of selling my townhouse in Rockville. Is it possible to offer 4 or 4.5% across both seller agent and buyer agent? The townhouses near me have been kinda sitting so I don’t feel comfortable doing a FSBO

Whatever you do, don't lump it together. Going forward, you tell you agent what they get, and then the buyer separately gets a concession amount regardless of whether they use an agent. Some buyers might decline the concession amount to make their offer more competitive. If you lump it together and let your agent figure out the split, your agent might keep it all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Thinking of selling my townhouse in Rockville. Is it possible to offer 4 or 4.5% across both seller agent and buyer agent? The townhouses near me have been kinda sitting so I don’t feel comfortable doing a FSBO

Whatever you do, don't lump it together. Going forward, you tell you agent what they get, and then the buyer separately gets a concession amount regardless of whether they use an agent. Some buyers might decline the concession amount to make their offer more competitive. If you lump it together and let your agent figure out the split, your agent might keep it all.

That’s helpful. So, if I offer my seller agent 2%, is that ok? The townhouse is over 1M. Find it crazy that percentages don’t adjust based on home price…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thinking of selling my townhouse in Rockville. Is it possible to offer 4 or 4.5% across both seller agent and buyer agent? The townhouses near me have been kinda sitting so I don’t feel comfortable doing a FSBO

Whatever you do, don't lump it together. Going forward, you tell you agent what they get, and then the buyer separately gets a concession amount regardless of whether they use an agent. Some buyers might decline the concession amount to make their offer more competitive. If you lump it together and let your agent figure out the split, your agent might keep it all.

That’s helpful. So, if I offer my seller agent 2%, is that ok? The townhouse is over 1M. Find it crazy that percentages don’t adjust based on home price…

Personally I would offer 1.75% go up to 2% if you can't get any traction at 1.75

[Anonymous]

Anonymous wrote:

Anonymous wrote:
We got our house because we did not use a buyer agent. The selling agent was delighted to keep the commission that would have gone to the seller agent so he sold to us. We probably would have offered more to the seller agent under the new rules.

No, the theory is that you would pay less.

If you didn’t use an agent before, the listing agent got the entire 5 or 6%. And you didn’t have anyone looking out for your interests in the deal.

The buyer side realtor doesn't look out for the buyer now anyway. Gee, any chance you're a realtor pretending they do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing. I'm calling the listing agents to see any houses I'm interested in.

That's what will happen. Listing agents can now get an extra percent or two from the seller if the buyer is unrepresented. Not having to deal with another agent is worth it to the seller and to the listing agent.

Listing agents have always been able to pocket more commission if the buyer is unrepresented. That isn’t new.

It’s generally a bad idea for buyers to do this, however.

Yes but the listing agreement now let’s a seller elect to pay additional commission to a listing agent rather than a buyer agent.

That is effectively how it has always worked. Again, literally nothing new here.

I do not understand. When we bought a house, the seller’s agent gave us a credit for the buyer agent commission. Why didn’t she keep it?

The whole thing? Probably because she kept some of it, duh.

If it was a new house, we did the same thing. The agent gave us a 2% credit, and her company had to send a letter to our lender confirming the credit. It was shown on the statement at closing as a credit. Her commission was shown at 2%. We just asked her if she would give us the buyer agent commission if we didn't have an agent.

[Anonymous]

Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

[Anonymous]

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

Yes totally reasonable.

[Anonymous]

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

Personally I wouldn't use one, but shop around if you do. 2.5% is highway robbery and you're unlikely to find a seller to pay that. See if you can get one for 1% before committing to 1.5%.

I say this as a seller with a home for sale (not DMV) that still has higher realtor fees. Even there, I wouldn't consider paying more than 1-1.5% in seller concessions.

In the DMV, you can get much better deals on realtor commissions as both a seller and a buyer.

[Anonymous]

Can you provide some companies that are doing this.