Q: Who is responsible in CT if you are a buyer in a for sale by owner? My real estate agent is not getting the purchase done. We are approved for over asking price and he keeps avoiding making the deal? Does the seller in this situation still pay for agent percentage?
? JillmaeSebastian, Ellington, CT
A: Most For Sale by Owners don?t want to pay a commission. So your Realtor is most likely working for free unless you have an arrangement to compensate them. When you buy a for sale by owner you usually aren?t having any realtors involved which is very risky. convincing the seller to pay a commission can also be tricky. Good Luck!
Rosanne Nitti is a Realtor? with RMN Investments & Realty Services in Laguna Beach, CA.
A: When purchasing a For Sale by Owner, your agent should be representing you. You need to ask your agent why a Purchase Contract has not be written up between you and the seller. A For Sale By Owner is not obligated to pay an agent commission unless there is something in writing.
Sandy Straley is a Realtor? in Layton, UT.
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Related posts:
- How Do I Purchase A For Sale By Owner Home When I Have A Buyer?s Agent?
- Should I Use A Realtor To Buy A For Sale By Owner Home?
- If We Look At FSBO Houses Will We Still Owe Commission To Our Realtor?
- Can A Broker Who Is Buying A Property Directly From A Seller Also Collect A Commission?
- Can a Listing Agent Act As The Buyer?s Agent In A Short Sale?
Source: http://www.realtor.com/blogs/2012/08/30/who-is-responsible-if-you-are-buying-a-for-sale-by-owner/
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