Profile picture for poohtiful26

who pays the buyers agent when for sale by owner ?? please help.

I am selling my own home without an agent.  I found my own buyer. Who is responsible for paying the buyers agent there commission and what percent ????
  • March 14 2009 - Sherman Oaks
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Answers (28)

Profile picture for FosterFamily73
Waiting to hear how this will go. We are selling For sale by owner to avoid realtor commissions.
  • July 26
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Profile picture for beckytt
Good for you in finding your own buyer. We're willing to negotiate buyers' agent commissions but can't find a good flat fee that doesn't belong to a realtor company. In the state of IL, now if you list 'by owner'- realtors can pull you off mls so we feel stuck. Will pay commissions on one side but feel we can show and sell on the other. IF you found your own buyer and they were not in a working agreement with a realtor= no commissions. That's a great scenario for you. Congrats
  • July 25
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Explain the situation to the buyer's agent and negotiate it for a flat fee. Or explain the situation to the buyers and let them know that they need to pay the buyer's agent themselves. Either or, your property is in buyer's favs so you do have the advantage to do what u feel is best for your pocket.
  • July 20
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Very odd if you found the buyer and it is a FSBO why is their even an agent involved?
  • July 20
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Profile picture for fshlbi
I am selling FSBO right now and paid to get on the MLS. To get on the MLS I signed a contract for a flat fee with a seller's agent (essentially 100 dollars to get on the MLS.)  However, when I signed this, there was a section of how much commission you were willing to pay the buyers agents if they brought you a buyer. We filled in 1%.  This allows us to still encourage buyers agents, but at a reduced commission.  I feel like this should alleviate any confusion.  The clause also did state that if we found our own buyer then there would be no commission paid to anyone.  

 
  • July 20
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Profile picture for svwittmann
While she may have said her commission was non-negotiable, that was between her and the buyer.  You determine what you want to clear from the sale of the house, and then add the agent's 3% on top to give her the commission.

Similar to rolling in closing costs on top of a loan.
  • April 15
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Profile picture for bertstauff707

Thanks for all the advise.  It seems there are multiple scenarios of buyer agents according to all the real estate agents that replied.

We sold our house to the family who has a agent representing them.  She said her commission was 3% and non negotiable.  The offer was close to asking so we attempted to "talk" but we backed off for the sale of house.

My humble opinion as a hard working home owner:

There seems to be a pot of gold under every house sale.  Everyone wants a piece of it without doing much work.  MLS is no longer the exclusive domain of the real estate agents.  Our house was advertised by us on all platforms we could find.  We paid for each platform. The buyer agent who brought our buyers into our house should have called us ahead and negotiated the commission, like someone said on this page. I would have been ok with that.

These are all lessons to learn for next time.  I hope this helps someone else on FSBO.

  • April 15
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you didn't have a buyers agent... what is the question? 
  • April 14
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It depends on how you want it to be. FSBO is technically not supposed to involve an agent and if it does then you need to discuss it with the buyers. Although, usually FSBO sellers are fine paying buyer's agent. FSBO seller mostly care about the commission they save on the listing side (instead of giving it to the listing agent) 
  • April 14
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Profile picture for aracz
Hi,

It is up to what you negotiate with them.

Kind regards,

Arpad

 
  • April 13
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Most of the time the seller pays the buyers agent. Good luck
  • April 13
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Profile picture for holly5136
Unfortunately, since so many people feel the need to go through a relator it is almost impossible to go around them. If the buyer does not have a contract with the relator you are not obligated to pay said relator anything, but this does not sound like the case. usually there ends up being two relators involved, one on each side, of the buying/selling of a  home. In the event that there are two relators involved they will split the commission. I would ask if the buyer is willing to pay the commission, then if that is shot down I would ask if the relator would be willing to take half of the commission then you split said commission with the buyer. I recommend you continue along this line of questioning and see if an agreement can be met.
  • April 13
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Profile picture for RKTJ
  • RKTJ
  • 18 contributions
If you don't already know the answer to this, you probably should not be selling FSBO
  • April 13
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That's part of selling a home yourself, bertstauff707, you have to negotiate!
  • April 13
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Profile picture for bertstauff707
We had a fsbo open house. A family came with real estate agent. We did not know she was an agent till after they were in driveway. The agent called us with offer. She is not a biyer agent. How do we negoiate her fee. Sems unfair. We paid for advertisement fsbo fee etc. She just drives in and now we owe her moneyvfrom our sale. I thought we did all this to avoid real estate fees.
  • April 13
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It really depends on your market.  It is not normal for buyers agents to have agreements with buyers and get paid by buyers in my market. Me as an agent, if I saw your fsbo listing I would contact you and negotiate a commission if I were to bring a buyer.  I would get that taken care of before I show your property to my buyer.  If you search around on some of the FSBO sites you would see similar things where if an agent brings a buyer the seller will pay a commission.  The end goal is that you want to sell a property, why not pay someone who found you your buyer?  Would you rather save on that commission and not have a buyer?  98% of $300,000 is better than 100% of $0.00.
  • February 04
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"I found my own buyer"

If you found your own buyer then there should be no buyers agent therefore you owe commission to no one.

  • February 04
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Profile picture for sunnyview
"I still have to pay the realtor if a buyer has a signed agreement with said realtor?"

Nope. You can refuse to pay their agent. The seller does not have a contract with them, but the buyer does. If you think it will help you sell, you can agree to split the commission with the buyer or offer your own commission to them, but it is your choice. If the buyer shows up without an agent and then wants to use one, I'd tell them they can pay for their agent. That's what builders do.
  • February 04
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So if I'm understanding this correctly, as a fsbo by choice to avoid realtor fees, I still have to pay the realtor if a buyer has a signed agreement with said realtor? That makes no sense to me.
  • February 04
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if the buyer you found was already working with a buyers agent and has signed a exclusive buyers contract - the buyer you found may already be bound by that contract to pay a commission as stated in that contract - this would be a good question to ask your found buyer if they have signed such a contract.
  • April 16 2011
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If the buyer's agent has brought you the buyer then the seller will pay the negotiated commission.

Hope this helps.

David
  • April 16 2011
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Usually the buyer will pay the their agent's commission.  However, you may offer the agent a commission and figure it into the price of the house.  Bear in mind raising the price of the house does affect the selling costs, i.e., title, escrow, transfer fees, etc.
  • April 16 2011
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If the buyers have a buying agreement with their agent, then they should be the ones that pay their agents.  Having said that, you might want to offer 3% to the buyer's agent to secure the sale.  It does not take much to persuade someone not to buy a given property.  I am sure that you don't want anyone to interfere with the sale.  Good luck.
  • June 28 2010
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Profile picture for Westside Realtor

Normally, if a buyer agent brought the buyer to you, they are entitled to commission and that is something the seller pays. The amound depends upon what you have negotiated with the buyer agent.

  • June 28 2010
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Profile picture for Mills Realty
Based on your question I assume that there is a buyer's agent involved.  It would be up to the buyer's agent to request a commission in writing from you.  At that time you can negotiate what you are or are not willing to pay.  It is not uncommon in your scenario for the buyer to pay the commission.
  • June 08 2010
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Agency agreements in CO have a provision to detail exactly how the agent is paid.  It can be either the seller or the buyer.  That would be an item of negotiation.  We see here that people expect to discount the purchase price of a FSBO since they too want to save on the commission.  Best. 
  • March 14 2009
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if you listed for sale by owner and if the buyer you found was not under contract with a real estate agency then theres no comissons due unless the state you live in has other rules i'm unaware of.
if the buyer was under contract with a realtor then the buyer pays the commissons but may want to negoiate it into the purchase price.

  • March 14 2009
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Profile picture for Lindsey M. Bishop

The real estate agent(s) (buyer and/or seller realtors) costs usually comes out of the seller proceeds.

  • March 14 2009
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