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I'll be looking for a house in another part of the country (upper midwest) in a couple months. I plan to spend a week looking at houses.
I'd like to find a buyer's agent who will work for a flat fee, or perhaps hourly. I'd be willing to pay this fee up front, but I'd want the entire buyer's agent commission rebated at closing.
What is a reasonable amount of money for an agent to schlep me around for a week, plus handle offers/inspections, and attend the closing?
Since this fee would be paid up front (agent doesn't have to worry about me flaking out and not getting paid), I'm thinking something in the $2k-3k range is appropriate.
The buyers agent is paid at closing per the listing guidelines. The seller pays the commission even though the buyers agent works in your best interest.
The buyers agent is paid at closing per the listing guidelines. The seller pays the commission even though the buyers agent works in your best interest.
I know how real estate transactions TRADITIONALLY work. I'm looking for something a little different.
Depending upon the state, it may not be legal for the agent to rebate commission to you. You can look for one of the firms that states it rebates part of the buyers agent commission.
Depending upon the state, it may not be legal for the agent to rebate commission to you. You can look for one of the firms that states it rebates part of the buyers agent commission.
I imagine they probably already have that rate if they offer the service. I know you were looking for some specific numbers, but I would start calling around and see what they offer.
I'll be looking for a house in another part of the country (upper midwest) in a couple months. I plan to spend a week looking at houses.
I'd like to find a buyer's agent who will work for a flat fee, or perhaps hourly. I'd be willing to pay this fee up front, but I'd want the entire buyer's agent commission rebated at closing.
What is a reasonable amount of money for an agent to schlep me around for a week, plus handle offers/inspections, and attend the closing?
Since this fee would be paid up front (agent doesn't have to worry about me flaking out and not getting paid), I'm thinking something in the $2k-3k range is appropriate.
Why would you want to hand out 2-3k up front? What if they cannot find you a house?
If they'll do it for free and take their cut at closing, why? I'm attempting to see the value in this proposition.
Why would you want to hand out 2-3k up front? What if they cannot find you a house?
If they'll do it for free and take their cut at closing, why? I'm attempting to see the value in this proposition.
Because this would be less than the commission I'm guessing.
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