Quote:
Originally Posted by ken0042
In the listing- is there a condition for what the buyer's realtor gets paid? Have you already worked out a purchase price based on you not having a realtor?
|
No and no. They have dropped the asking price a fair bit and we are likely not going to put an offer in too much lower than the current ask. Also, we have already discussed how our offer is going to be conditional on us selling our existing property and we don't plan on listing until spring. They are cool with that and very flexible on closing dates.
Quote:
Originally Posted by ken0042
Myself- if the seller will pay for a realtor- I'd say get one. If the deal is already done based upon them not paying for a realtor, I'd ask your selling realtor what he would charge you to represent you.
All it takes is you missing one critical detail- and it could cost you big time.
|
I just don't see what critical detail could be missing that would cost us. The paper work, including the offer, will still go through my lawyer. When I first bought my house I was surprised that the paper work still had to go through a lawyer. I thought that's why realtors get licensed, but no. Also, in Yellowknife buyers are typically not represented by realtors. With a such a small market there are few listings so you don't need a realtor help you find anything. One guy recently brought in buyers realtor services and it kind of upset the old timers that have pocketing double commission for a while.