What if I find my own buyer?

deanie1March 10, 2010

I have had my house listed for about 2 1/2 weeks and was talking about it at work when a co-worker expressed interest in my house. I am not sure how to handle this. Should I let her see the house? Ask her if she's pre-approved? I do not know if she is working with a buyer's agent or not. And what do I tell my listing agent? If my co-worker wants the house should I try to negotiate for paying less than the full 6% commission? My contract says 3% to my agent and 3% to the buyer's agent. Thanks so much.

Thank you for reporting this comment. Undo

Read the details of your listing agreement. If your agent has an "exclusive right to sell", you will still owe her the commission.

    Bookmark   March 10, 2010 at 7:34PM
Thank you for reporting this comment. Undo

Give her your agent's card.

    Bookmark   March 10, 2010 at 9:56PM
Thank you for reporting this comment. Undo

When I sold my house the commission was 5% whether my agent had to split it with a buyer's agent or keep the whole thing. If it were me, I'd direct the co-worker to the agent and step out of the picture.

    Bookmark   March 11, 2010 at 11:40AM
Thank you for reporting this comment. Undo

Usually unless someone was specifically exempt from the contract the agent gets their percentage. READ your contract!

    Bookmark   March 11, 2010 at 1:45PM
Thank you for reporting this comment. Undo

Aloha Deaniel, depending on the type of listing contract that you sign, you would still have to pay your listing agent the commission agreed upon (exclusive right to sell), or you might be able to sell the house on your own while still being listed (exclusive right to list, but most agents dont like this type of listing as they are competing with the owner to sell the property). If the agent has the exclusive right to sell, I would ask your coworker if it's ok that the Realtor contact her and allow the process to unfold (your agent is a professional representing your best interest, let them do their job and earn their commission).

Here is a link that might be useful: Buyer's Articles

    Bookmark   March 11, 2010 at 2:04PM
Thank you for reporting this comment. Undo

After what I went thru dealing with friends and coworkers, I would hand them a card and tell them to contact your agent. Too many people just wanted to snoop around and really were not interested. I would not show the house, or even discuss it with them.

    Bookmark   March 11, 2010 at 3:41PM
Thank you for reporting this comment. Undo

As Marie said, lots of times people are just curious...
& if they are indeed interested in the house, they'd be in an awkward negotiating position...& so would you.

mauirealtor, it's against gardenweb's rules to advertise your own business on the forums, as your links do.

    Bookmark   March 11, 2010 at 4:38PM
Sign Up to comment
More Discussions
How soon is "too soon" to select a realtor?
Not planning to sell until about this time next year....
Happy story: my sis just bought her first house
Just thought I'd share a happy story! My sister's been...
robo (z6a)
Home Buyers Please Vote: Would you rather ...
1. A $2,000 kitchen appliance allowance or any stainless...
CO inspections...and other issues/questions
Son is buying a 1951 home. Inspector noticed the top...
Being Sued for Home Sale
We had our home built in 2003.It was our dream home.Half...
People viewed this after searching for:
© 2015 Houzz Inc. Houzz® The new way to design your home™