Comments on: Withholding offers? http://www.realcentralva.com/2007/01/14/withholding-offers/ Tracking Charlottesville's Real Estate Market since 2005 Sun, 12 Feb 2012 23:56:00 +0000 hourly 1 http://wordpress.org/?v= By: Choosing the right buyer’s agent | Real Central VA http://www.realcentralva.com/2007/01/14/withholding-offers/#comment-16591 Choosing the right buyer’s agent | Real Central VA Fri, 20 Jun 2008 12:46:17 +0000 http://www.realcentralva.com/2007/01/14/withholding-offers/#comment-16591 [...] You can find a sample (although a bit dated) Buyer-Broker Agreement here. [...] [...] You can find a sample (although a bit dated) Buyer-Broker Agreement here. [...]

]]> By: Jim Duncan http://www.realcentralva.com/2007/01/14/withholding-offers/#comment-1762 Jim Duncan Tue, 16 Jan 2007 12:27:00 +0000 http://www.realcentralva.com/2007/01/14/withholding-offers/#comment-1762 Athol - I disagree. I am not saying that buyers should pay out of pocket; they should be able to (and think that they are now) finance the buyer-broker fee into the loan. They are the ones who are bringing the money to the table at Closing, so why shouldn't they be able to dictate what they pay their representation? Regarding your solution - absolutely. This negates the need for a conversation of what the seller is "offering" (to allow the buyer to finance into the mortgage). And ... this is <em>another</em> reason to work with a Buyer-Broker agreement. Athol -

I disagree. I am not saying that buyers should pay out of pocket; they should be able to (and think that they are now) finance the buyer-broker fee into the loan. They are the ones who are bringing the money to the table at Closing, so why shouldn’t they be able to dictate what they pay their representation?

Regarding your solution – absolutely. This negates the need for a conversation of what the seller is “offering” (to allow the buyer to finance into the mortgage).

And … this is another reason to work with a Buyer-Broker agreement.

]]> By: Athol Kay http://www.realcentralva.com/2007/01/14/withholding-offers/#comment-1758 Athol Kay Tue, 16 Jan 2007 03:42:02 +0000 http://www.realcentralva.com/2007/01/14/withholding-offers/#comment-1758 I think buyers paying the buyer commission will destroy the ablitity of many lower income buyers getting into their first home. It's hard enough for them to come up with the deposits and down payments, let alone adding on a realtor commission. The solution from the buyer agent point of view, is to include the language in their buyer rep aggrements to show their minimum co-broke. If their minimum is 3%, then they submit offers to 2.5% co-broke listings with the buyer understanding that the other 0.5% is coming from the buyers own pocket. Certainly though, failing to bring an offer to the table is unforgivable. I think buyers paying the buyer commission will destroy the ablitity of many lower income buyers getting into their first home. It’s hard enough for them to come up with the deposits and down payments, let alone adding on a realtor commission.

The solution from the buyer agent point of view, is to include the language in their buyer rep aggrements to show their minimum co-broke. If their minimum is 3%, then they submit offers to 2.5% co-broke listings with the buyer understanding that the other 0.5% is coming from the buyers own pocket.

Certainly though, failing to bring an offer to the table is unforgivable.

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