- Dec 26, 2000
- 11,542
- 5
- 81
Ok so my mom had put her house up for sale by owner, to avoid paying the realtor fees when her house sold. She ended up finding a buyer who had just moved her, and wanted the house. They agreed on a price and then proceeded to set up a meeting with my mom, the buyers, and their real estate agent.
Now, when they brought all the paperwork, the real estate agent that these people had, tried to tell my mom that she would have to pay the agent a 3% fee for selling her house, even though she had never hired her, or for that matter, even met her before. But since she was "facilitating" the deal I guess, she was entitled to it.
Now it is my understanding that if you do not hire a realtor to sell and advertise your home, you don't owe selling fees or anything if someone happens to have a realtor and wants to buy your For Sale By Owner home.
It sounds to me like this agent is trying to take advantage of my mom in this. Am I wrong? If so, what's the point of selling your house by yourself if you still have to pay realtor fees?
I have already told her to have a lawyer check this out because I don't think that's right. I just wanted to know for my own sake. I'm sure there are a few real estate agents here.
Thanks
Now, when they brought all the paperwork, the real estate agent that these people had, tried to tell my mom that she would have to pay the agent a 3% fee for selling her house, even though she had never hired her, or for that matter, even met her before. But since she was "facilitating" the deal I guess, she was entitled to it.
Now it is my understanding that if you do not hire a realtor to sell and advertise your home, you don't owe selling fees or anything if someone happens to have a realtor and wants to buy your For Sale By Owner home.
It sounds to me like this agent is trying to take advantage of my mom in this. Am I wrong? If so, what's the point of selling your house by yourself if you still have to pay realtor fees?
I have already told her to have a lawyer check this out because I don't think that's right. I just wanted to know for my own sake. I'm sure there are a few real estate agents here.
Thanks