Wednesday, July 20, 2011

House Block

We're already having trouble with the sale.  Typically when you buy a house you hire a real estate agent.  The buyer's agent receives 3% of the sale of the house and the seller's agent receives 3% of the sale of the house.  This money is paid by the seller of the house.  We don't need a buyer's agent because Brian's brother is buying the house, doesn't need a mortgage, inspection, appraisal, anything.  He's just buying the house.
But the real estate company we have the house listed with insists on a buyer's agent.  The best they could offer was a total of 4.5% commission.  That extra 1.5% is like $2000 and frankly we need that money.  It's really put us in a jam and stirring up some bad feelings.  This isn't a normal sell.  No one had to show Brian's brother any houses or try to get him a house loan or schedule an inspection.  There's no back and forth negotiations.  We just need someone to write the contract.  We can even hire our own closing attorney.

So now we're trying to figure out what to do.