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Reply to "Tired buyer's agent"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is reasonable on a buyers side? Folks have been saying use a RE attorney, but if not that route, a flat fee more so than a percentage correct? [/quote] Just ask the seller's agent to show you the house. The seller is already paying them to sell the house. I've done this many times and never had a realtor refuse to show me the house.[/quote] I bought a house about a month ago, and the seller's agent refused to show me the house. Not my first house purchase. So, I found an agent to open the door and submit the offer for me. For that she made 2%. Ridiculous. [/quote] If the response to the settlement that sellers agents refuse to show houses to unrepresented buyers, that will be the next lawsuit. [/quote] This. The seller's realtor has a fiduciary duty to the seller to do everything they can to sell the house.[/quote] This is true, but I can also see scenarios where sellers favor buyers with an agent (I’m not an agent, just have bought and sold a number of houses some easily, some with snafu’s). 2 reasons for this - first, home sales are emotional and so many times the seller gets offended even in an arms length transaction. My guess is buyers with attitudes similar to DCUM posters will not use agents and possibly piss of sellers. We have had sales where the seller gets offended over $5k and our agent was able to bridge the gap; I dont think they would have been able to deal with us directly, which is their own issue, but we got a house we love. Second - once the market settles, hopefully the remaining agents are the ones who are actually good at closing deals and experienced, so the odds of closing are better with the agent. If I were a sellers agent, I would consider adding a clause to the contract that if I have to help an unrepresented buyer navigate issues to get the house sold, I charge an hourly fee. Or maybe the buyer agrees in their offer to pay an hourly fee if they need the agent. [/quote]
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