- Do home builders pay realtors?
- Do Sellers usually accept first offer?
- Should you give your realtor a gift?
- Should I use my friend as a realtor?
- Is it better to use builder’s lender?
- Can Realtor lie about other offers?
- Do buyers and sellers meet at closing?
- Do sellers always take highest offer?
- Can seller sue buyer for backing out?
- What should I not tell my real estate agent?
- Can home buyer contact seller directly UK?
- Do sellers have to clean the house UK?
- What do you legally have to disclose when selling a house UK?
- Why do Realtors not want buyers and sellers to meet?
- Can a seller force a buyer to use a certain lender?
- Can a seller ignore an offer?
- Can a Realtor sue a buyer?
- Why do builders want you to use their lender?
- Who pays for appraisal buyer or seller?
- How do I convince a seller to accept my offer?
- Can seller Contact buyer directly?
Do home builders pay realtors?
In most cases, builders pay a commission to your realtor (brokerage).
This means there is no money directly out of your pocket, while you are protected by your own agent.
Occasionally, a builder may want to deal directly with you as a buyer , but, where you can, consult with your buying realtor behind the scenes..
Do Sellers usually accept first offer?
Real estate agents often suggest that sellers either accept the first offer or at least give it serious consideration. Real estate agents around the world generally go by the same mantra when discussing the first offer that a seller receives on their home: “The first offer is always your best offer.”
Should you give your realtor a gift?
It’s not generally expected that you will provide a closing gift to your realtor, since, after all, you are a paying customer. But if you really enjoyed your time working together and you know that your realtor went above and beyond for you, there’s no harm in showing a bit of extra gratitude with a gift.
Should I use my friend as a realtor?
If you’re 100% comfortable entering a business relationship with them, go for it! A good agent who is also a good friend “is going to work harder for you than any other agent you can hire,” Freund says. ” Not only will they work hard, but they may be better able to understand your specific needs.
Is it better to use builder’s lender?
Builders cannot require that buyers use their preferred lenders and cannot charge them a higher price for using a different lender. But they can offer incentives, such as credits for closing costs, to buyers who use their affiliate lender.
Can Realtor lie about other offers?
Those rules and laws would prohibit the real estate agent from lying, but the agent has the ability to market the property to get the seller the best price possible. … If the seller has other offers, the listing broker usually will come back to you and ask for your best offer.
Do buyers and sellers meet at closing?
Buyer and seller can sit down together, or they can meet separately. However, at witness-only closings, the person conducting the closing will not explain the legal ramifications of what you’re signing, and they’re not legal in all states.
Do sellers always take highest offer?
When it comes to buying a house, the highest offer always gets the house — right? Surprise! The answer is often “no.” Conventional wisdom might suggest that during negotiations, especially in a multiple-offer situation, the buyer who throws the most money at the seller will snag the house.
Can seller sue buyer for backing out?
Now, for one reason or another the buyer just woke up one day (or possibly found another home) and decided NOT to go through with the purchase, then yes, the seller can sue the buyer for what is called ” Specific Performance”. …
What should I not tell my real estate agent?
Among the things home sellers should not say, the lowest price you are willing to take is probably a no-no. “The primary thing I tell people not to discuss is the minimum price they will accept,” notes Babbitt. “When you tell your agent your lowest price, they are going to shoot for that price in the contract.
Can home buyer contact seller directly UK?
A buyer can make their offer directly to the seller for a private sale. Buyers can make offers verbally (over the phone or in person) or in writing. An offer isn’t legally binding in England and Wales until contracts are exchanged.
Do sellers have to clean the house UK?
There is nothing you can do about this because the seller is under no legal obligation to leave the house in a clean state. However, the seller is under an obligation to empty the house of all their furniture and belongings, unless you agree otherwise with them.
What do you legally have to disclose when selling a house UK?
Sellers are obliged to declare all the positive and negative details. With 100% complete information about a property, the buyer must be able to make the right decision.
Why do Realtors not want buyers and sellers to meet?
Why is it that agents are so reluctant to let buyers and sellers get together? Unlike most business deals, the sale of a home can get very personal and real estate agents are nervous about the parties dealing with each other. That’s because most agents have seen what can go wrong when buyers and sellers meet directly.
Can a seller force a buyer to use a certain lender?
No one can force you to use a specific lender. Yes, they can ask that you get qualified with their specific lender, but you cannot be forced to obtain the financing through them. Builder’s can’t “force” you to use their lender either…
Can a seller ignore an offer?
A seller may dismiss an offer altogether if they believe it to be unreasonable, incomplete, or otherwise not in their best interests. … Sellers may also choose to ignore offers that contain what they see as unreasonable terms, such as little or no earnest money deposit or excessive seller concessions.
Can a Realtor sue a buyer?
Just as any person or entity is entitled to file a lawsuit against another, a real estate agent can sue you, whether you’re their client or another party to a sale. When a real estate agent does sue, it’s usually over a breach of contract or because they feel a commission has been incorrectly withheld.
Why do builders want you to use their lender?
The builder wants to avoid wasting significant dollars on someone who leaves because their loan doesn’t come through. Under the arrangement between the builder and the lender, a loan to a buyer that can only close at a loss will nonetheless be made, since the profit margin on the house will more than cover the loss.
Who pays for appraisal buyer or seller?
The cost of home appraisals depends on the property value, location, and size of your property. They cost a few hundred dollars and typically the buyer pays the fee at closing, although you can opt to pay it up-front.
How do I convince a seller to accept my offer?
11 Ways To Get Your Offer Accepted In A Seller’s MarketYou’re finally ready to take the plunge and put in an offer on your dream house. … Make Your Offer As Clean As Possible. … Avoid Asking For Personal Property. … Write A Personal Letter To The Seller. … Offer Above-Asking. … Put Down A Stronger Earnest Money Deposit (EMD) … Waive The Appraisal Contingency.More items…•
Can seller Contact buyer directly?
Technically, yes, a buyer or seller can contact the other side. However, their own agent cannot suggest or recommend it and they probably prefer you not. The other agent shouldn’t really talk with you, but if you made the initial contact, it would be rude of them to hang up.