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Commission on short sales

I'm looking at offering on a short sale, and trying to decide if I should involve a buyer agent or not. The only reason I can think of needing a buyer agent for is to help a bit with the offer process paperwork, and to get a kickback on their comission (Redfin offers 1/2 their commision or something like that). I get free legal services through work and so I would use that service to review paperwork, so really its just down to the commission kickback. However since this is a short sale, and it sounds like the bank is already going to lose money on the deal, what would the actual commission be, since I think it wouldn't be the full 3% of the sale price. Is there anything that can help me figure out what the commission might be? Thanks by shanee_787_339 from Spartanburg, South Carolina. Sep 22nd 2011 Reply


Those are questions you would have to ask your Realtor. That's why we do what we do!!Would you hire a plumber to do an appendectomy on your child because it would save you money?That's how you have to look at buying or selling a home.It's a very complex situation anymore and even more so with short sales. I have worked very hard and paid lots of money to gain the information and knowledge I have, why would I give it away to someone because they just ask me without being under contract with me?Would you work for your employer for nothing?That's what you are asking me to do!Sorry! - Beth

Sep 22nd 2011
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

This is a no brainer.... You get what you pay for... and SCCARO... has it right... Your not a Realtor, or an Attorney, or a Brain Surgeon, so why would you even attempt to do this on your own?? the Realtor earns every bit of their pay when dealing with short sales. More than likely, the lender who holds the mortgage wont even consider an offer from anyone who isn't being represented by a realtor in fear of future litigation... and I am willing to bet that your Redfin offer probably wont apply to short sales. Of all the transactions out there, the short sale is the most complicated. I've been a real estate investor for 25 years and in financing for 20 years. My wife is a Real Estate broker, so if any one has knowledge of what to look for in a real estate contract it's me, and I wouldn't even think of trying to do this on my own... besides... the commission is being paid by the seller and the seller's lender... my advise is quit thinking about what everyone else in the transaction is making or getting paid... if your getting a good deal on the short sale, then buy it and let the professionals earn their pay... WilliamAcres.com

Sep 22nd 2011
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