U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Arizona > Phoenix area
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-20-2008, 08:01 PM
 
3 posts, read 7,167 times
Reputation: 10

Advertisements

Hi all,

I've ben looking at houses in the Queen Creek and Gilbert area using ZipRealty.com. But I have read in various threads in this forum things about "hiring a real estate agent" and "commission", and my question is: as a buyer do I need to pay a real estate agent?

Is it a good idea to go with one of the agents from ZipRealty.com? Any experience with ZipRealty.com?

When I bought my previous house in NY, I didn't have to hire an agent or pay any commission -- one day I walked into an open house and the agent there asked if I am working with an agent already and I said no. She offered to be my agent and started emailing me properties that come on the market (that are listed by other agents from other companies). When I closed the deal I didn't have to pay her anything -- she gets her commission from the seller's agent. Is that how it also works in Arizona? :-))

Thank you.

Yours,
Max.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 06-20-2008, 08:52 PM
 
3,632 posts, read 15,625,614 times
Reputation: 1323
That's exactly how it works. You pay nothing. They get paid from the other side. Pick someone who you feel comfortable with.

Also, we're not allowed to recommend RE agents here, nor are any allowed to contact you through DM. If they do, you can and should report them. We don't want people to be inundated by agents trying to sell them a house.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-21-2008, 07:32 PM
 
930 posts, read 2,336,696 times
Reputation: 1000
Ditto on what Sable said. That is why she is the big cheese

I recommend agent nobody. When I sold my house a year ago on craigslist my buyer had no agent and I reduced the price accordingly by 3%. They pocketed that and everyone was happy.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-21-2008, 09:13 PM
 
Location: Out there somewhere...a traveling man.
43,073 posts, read 57,859,488 times
Reputation: 122506
In all reality, the buyer is actually the one paying for the commissions. Since he/she is writing the check for the agreed purchase price and puts that money into escrow, the commission money comes out of that check. The seller gets what's left over. It's just written up differently, to show it comming out of the sellers funds, which is the buyers money. You don't see a seller writing a check for the commission. It's all part of the final deal.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-21-2008, 10:40 PM
 
6,900 posts, read 11,250,538 times
Reputation: 13924
Be careful what you sign when hiring an agent to show you homes. If you are giving them the right exclusively to look for you, you may owe them a commission. Its better not to sign any such agreement. Then any of them can show you homes.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-24-2008, 09:45 PM
 
Location: Glendale, AZ
93 posts, read 293,865 times
Reputation: 20
Max - Normally the seller pays commission. Zips are often newer agents, but not always the case.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-24-2008, 09:54 PM
 
Location: Out there somewhere...a traveling man.
43,073 posts, read 57,859,488 times
Reputation: 122506
Quote:
Originally Posted by grippit View Post
Max - Normally the seller pays commission. Zips are often newer agents, but not always the case.
Normally the funds come out of the 'seller's proceeds' that the 'buyer' put into escrow. The seller get's the tax deduction, the poor buyer gets nothing. I've never seen a seller put commission funds into the escrow account.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-25-2008, 06:03 AM
 
56 posts, read 205,566 times
Reputation: 24
sorry to hijack this thread - but does anyone have any tips for finding a real estate agent who will actually search for specific properties for you, instead of just passing you on to the MLS to search yourself... im so tired of this!
what happened to the good old days when they used to go and view properties before you did just to make sure it was to your specifications!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-25-2008, 09:15 AM
 
Location: Glendale, AZ
93 posts, read 293,865 times
Reputation: 20
I know one that previewed a property as recently as yesterday, and searches for specific properties 4-6 days per week.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-25-2008, 09:23 AM
 
Location: Glendale, AZ
93 posts, read 293,865 times
Reputation: 20
Nitram - The HUD-1 statement shows it that way for it's own balancing purposes. But if the house sells for 300k the buyer doesn't pay 318k and the seller doesn't get the full 300k.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Arizona > Phoenix area
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top