Has anyone used a buyer's broker when buying their home? Was it really necessary or would you not do it again?
DH and I met with someone yesterday, but in all honesty I do not think I want to go through them. We've done so much research already, i wonder how useful they will be. DH wanted to get a better idea of negotiation and % off asking price as first offer, counter offers, etc. (because unlike seller's agents, you hire these people to be on YOUR side) and I agree, but the fact that you only go through them makes me a bit weary.
Plus, with this particular company, it sounds like we'd be paying towards her commission 9 times out of 10. The market is so good now for brokers, they really don't have to share their commission with anyone. So if we find a house we love and the seller's agent refuses to share with the BB, we have to fork over the $$$. With a FSBO, the fee is 4.5% That could easily be $15-20,000!!!
So what do you think - not worth it in today's market?
Charly
Posted:
Member since
Re: Thoughts on Buyer's Brokers?
Yes, we found a house and we are in contract. No I am not responsible for paying any commission. She makes her commission from the listing agent. I think she gets either 2 or 2.5%.
Teri
Posted:
Member since
Re: Thoughts on Buyer's Brokers?
that's great - Do you mind FMing me her contact info? We met with someone in Baldwin but I can't remember their name. I'd like to meet with another agent as well.
Thanks
spel
Posted:
Member since
Re: Thoughts on Buyer's Brokers?
we used a buyer's agent- we couldn't have done it without him. we were living out-of-state when we were looking for a home & it was really tough. the seller's agent paid him his commission.
we also signed an agreement with our BA so we knew he was our agent & not a SA. i believe it stated that he was looking out for our interests rather than trying to sell one of his own listings, stuff like that.
