Profile picture for jsue12

a realstate agent has a buyer.for my property.not listed.good offer.is 41/2.percent.fair for is fee

  • November 04 2009 - Lower Moreland Township
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Answers (4)

Profile picture for Peter Andreasian

Did you offer that amount or did the agent request it? In our market - Long Island - it is more than adequate.  Commissions are generally divided into "listing" and "selling" commissions - which are usually evenly split between the two agents.  This agent has only earned the selling commission, and 3% is ususally considered a good commission. 

Keep in mind - this is a buyer's market, and you may have to overpay a little to get the deal done. 

  • November 05 2009
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Contact a real estate attorney and title company and ask them for their charges. Then, compare.
  • November 05 2009
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It depends on the customary commissions in your area.

In any case, make SURE the agent really has a buyer.  If your property is not listed, how did the buyer see the property?  How do you know he/she wants to buy it?

Ask this agent if he/she is willing to sign a contarct for one week term only, enough to bring this buyer over.  Then you can extend if all is moving forward.

(pls click on the thumbs up icon if this answer was helpful to any reader)
  • November 04 2009
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If I were the agent, I would take that amount graciously in this scenario.

  • November 04 2009
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