Reasonable buyers agent fee for FSBO we found? Or ... - Zillow ...

Hi first time buyer,

I will answer the questions first and then give my 2 cents worth...
1. A reasonable fee is going to be 2.5%, rather than 3%, since less time was involved.? However, what you are really paying a Realtor for is their expertise in negotiating a purchase price, getting through inspections, negotiating any findings from the inspections, navigating/understanding all the seller disclosures, explaining all of the contracts which average over 25 pages now, providing you with a market analysis, presenting you with options all along the way, representing your interests, tapping into their experience and more!? It is extremely rare for a Realtor to "find you a home", as more often than not, the home that is purchased is listed on a public site such as the Multiple Listing Service.? Therefore, the Buyer (you) should be playing an active role in picking out properties as this will be one of the largest investments made in a lifetime.? An agent can help you with this and provide you listings, but you are still responsible for seeking out, viewing, and ultimately making the decision to put in an offer.?
2.) You do not need a Realtor (Buyer's agent).? It is a service and fees are only paid upon a successful close of escrow.? A lawyer can certainly do the paperwork for you, but they typically won't handle any negotiations, inspections, further negotiations or provide a market analysis to know whether or not you are making a good decision in the purchase.?

2 cents: If you already have everything negotiated, you are comfortable with the process and all of the required disclosures, then you may be better served by a lawyer.? As a first time buyer, there is a lot to learn.? One thing an agent would be able to explain, is that normally as a buyer, you are actually responsible for paying both the buyer and seller agents fees within the purchase price.? Where you could save yourself a lot of money is by enlisting a knowledgeable agent who could show you what market value is and who then negotiates at least the seller side fee off of the price.? I don't believe that there are lawyers who would be able to do this and as previous writers mentioned, lawyers get paid no matter what.? They have no vested interest in seeing the process through as an agent might.? Not to mention that if the deal doesn't work out and you're using an agent, you then would then have a trusted Realtor to work with to find you the right home at the right price!

All the best,
Jeff

Source: http://www.zillow.com/advice-thread/Reasonable-buyers-agent-fee-for-FSBO-we-found-Or-skip-the-agent/506787/

black and tan dwight howard trade ncaa bracket 2012 kyle orton kyle orton 2012 ncaa bracket john carlson