Buying a house ...need advice

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I am just starting to buy a house. I met with a realtor and eveything is ok but have few concerns that I want to make sure. She has asked me to sign a contract to make her my exclusive agent which can be cancelled on mutual written agreement if necessary. Also in that contract it states that the buyer (me) has to pay the agent a broker fee of percentage of the purchase price. My concerns are should I sign a contract ?? and I thought, and read that seller are the one who pays the buyers agent i.e. the agent gets the percentage out of the purchased price and I don't have to pay anything more. Please advise.

hicky · Oct 29, 2010 9:42 AM · 15,043 views

6 Replies

no no no....dont sign this because there are too many good realtors around and you can deal with multiple realtors. and no way you should be paying the brokers fees.Its the seller who pays this not the buyer.

pixie · Oct 29, 2010 10:11 AM

A BIG "NO" pixie is right.

dimag kharab · Oct 29, 2010 12:37 PM

if you are buying in NYC or NJ contact www.chhayacdc.org. Chhaya CDC is HUD approved non-profit, housing justice organization.  37-43 77th street 2nd Floor Jackson Heights NY 11372. i attend their free workshop. it was very informative. hope it helps all who are planning to buy house  in NYC or NJ. 

tshering5 · Oct 29, 2010 10:06 PM

why are you even asking? dont sign it. shop around for more realtors maybe a well known one and then tell them you dont want to pay any broker fee, they are making enough money if they buy or sell a house, she is trying to milk every possible way to get some more money out of you, just do more research , its a big investment. Good luck.

terobaaje · Oct 29, 2010 11:41 PM

A BIG NO. First of all you do not even have to sign a contract if you are a buyer. A lot of agents out there dont ask buyer to sign any form of contract. Its a buyer's market now. Paying an agent is out of question if you are a buyer. They usually get it from seller. SO A BIG NOOOO.

sevenseas · Oct 30, 2010 10:01 AM

As mentioned by Sevenseas Its the market of buyers these days. The realtor doesn't want to bother the client (buyer) because of the fear of losing client. Losing client means losing money. There are lots of realtor You can find where you are living. You can get gud suggestion from the nepali people who  recently bought a house.Different nepali bought house from different realtor who might not have idea about this post in sajha. So try to find people who has house recently. They might give you gud suggestion. More consulting more ideas and views so get the all suggestion and views and choose the best one. Its the investment for your future beware and take gud decision. Gud luck.  

gorkhali keto · Oct 30, 2010 10:19 AM

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Buying a house ...need advice

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