Quote:
Originally Posted by taylor111947
I will be listing my house with a realtor by the end of the month. Meanwhile a friend of a friend would like to see the house today so I guess at this point it is a FSBO situation. How does it work if she brings a realtor? Although I can't imagine that she would, I just want a better understanding of the 'rules'.
|
I sold my home myself. The lady that purchased my home showed up with a realtor. This was 2 days after I had put a for sale sign in the front yard. They looked at my home and left. The next day the realtor called me and said that they had an offer for me and wanted to come over and we set up a time. When they showed up on time and the realtor sat down with me in the kitchen and the buyer asked to look through the home again. The realtor then layed out the offer for me which included a 7% commission for him. I said to him that first of all I would not accept the price that they were offering me even if the commission wasn't included. I then told him that I wasn't interested in paying him any commission and that the reason I put a for sale by owner sign in the yard was that I feel I can sell this home myself since homes on my street have always sold very quick in the past. He asked me what was the least I would take for the home I told him a figure and that was with no commission being paid. He also told me that he would be listing her home if she were to purchase my home and that she didn't need to sell her home to purchase mine. I told him it was in his best interest that she purchase my home so he can list her home but she needs to raise her offer.
The next day the realtor called me with another offer not including commission but lower than what I told him I would take. I told him that he had asked me what was the least that I would take for the home and I gave him that figure and if they wanted the home that I wasn't interested in a lower figure since I had just put the sign in the front yard and had two other people interested which I did.
The next day the realtor called me and said she would purchase the home and that they would be over at 7:00 PM that night to sign my contract that I had my lawyer draw up. By 7:30 PM they were not there and no phone call. I left the home and left my cell phone at home as well. When I got home around 10:00 PM there was a phone message that was left on my home and cell phone at 8:15 PM by the realtor that they were running late. The next day I received a call on my cell phone from the realtor that they were sorry for the mix up. I told him that I would fax the contract to him and if he wanted to bring to my office a signed contract and a deposit to me by 5:00 PM that day I would honor my offer if not for them not to bother me again.
He did show up with the check and contract. A couple of weeks later the buyer called me and asked if she could come over again and take some measurements of the house. I told her that she was welcome to come but the realtor was not welcome. She came and was very nice and told me that the realtor told her that he would show her how he could purchase the home cheaper than I had told them and not showing up till later to sign the contract would help him when he was going to try one more time to get me to lower the price. She was not very happy with the realtor and we never talked about him again.
My suggestion is if she shows up with a realtor and the realtor starts playing games tell them that a for sale by owner sign is going up in the yard after they leave. And tell the realtor to be happy with the commission on your friends home.