Sully Posted April 10, 2019 Report Share Posted April 10, 2019 From my other thread, the industrial developer had their Broker contact me asking if I'd be interested in selling. We talked, negotiated, etc.. I get the contract and the broker is charging me 3%, not them. I did not list my house, nor have an agent representing me. He called me out of the blue by the request of the developer. In this instance, shouldn't the buyer be paying the 3%? Discuss, please. Quote Link to comment Share on other sites More sharing options...
BBQdDude Posted April 11, 2019 Report Share Posted April 11, 2019 Gut reaction would be yes the buyer, to motivate you, should cover that cost but what do I know lol. Quote Link to comment Share on other sites More sharing options...
iwashmycar Posted April 11, 2019 Report Share Posted April 11, 2019 Of course they are going to charge you if they are also working on your behalf. However, I would negotiate that shit out of there. Buyer is probably also paying 3%...though typically seller always pays. In your circumstances I'd think they buyer would cover your costs to get the deal done. Ball is in your court. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted April 11, 2019 Report Share Posted April 11, 2019 100% tell them to cover that cost or you throw away the offer. You haven't signed anything (letter of intent) yet, correct? Quote Link to comment Share on other sites More sharing options...
bdhill Posted April 11, 2019 Report Share Posted April 11, 2019 They came to you...no listing agreement-no fee Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted April 11, 2019 Report Share Posted April 11, 2019 What they all said. I would negotiate the crap out of that as the seller typically pays and they came back to you. Call me to discuss. Thanks! Marc Quote Link to comment Share on other sites More sharing options...
Sully Posted April 11, 2019 Author Report Share Posted April 11, 2019 After discussions with multiple people and because of the situation, I'm far better off just taking what I can get and run. If I push back too hard, they will walk. They don't NEED the land, they WANT the land. With this situation, I don't have to hire a listing agent, then pay 6% fees, and have to buy a bunch of shit to finish off some projects. All said and done, I'll come out ahead just paying the 3% and walking away. Plus, since they are going to level the house, I had the contract updated that I can take EVERYTHING out of the house; hell, even the house itself, if I wanted. I can sell cabinets, light fixtures, doors, door hardware, sinks, faucets, hot water tank, pressure tank, hvac, etc. I'll make most, if not all that money back on that stuff. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted April 11, 2019 Report Share Posted April 11, 2019 After discussions with multiple people and because of the situation, I'm far better off just taking what I can get and run. If I push back too hard, they will walk. They don't NEED the land, they WANT the land. With this situation, I don't have to hire a listing agent, then pay 6% fees, and have to buy a bunch of shit to finish off some projects. All said and done, I'll come out ahead just paying the 3% and walking away. Plus, since they are going to level the house, I had the contract updated that I can take EVERYTHING out of the house; hell, even the house itself, if I wanted. I can sell cabinets, light fixtures, doors, door hardware, sinks, faucets, hot water tank, pressure tank, hvac, etc. I'll make most, if not all that money back on that stuff. Let me know when you're ready for me to come gut the place like a fish. I have multiple houses about to get a refresh. Quote Link to comment Share on other sites More sharing options...
coltboostin Posted April 12, 2019 Report Share Posted April 12, 2019 Fuck no. They NEED the Land. You have the advantage here, not them! If anything call Brad (above) to be your rep-let him get paid! Quote Link to comment Share on other sites More sharing options...
Sully Posted April 12, 2019 Author Report Share Posted April 12, 2019 Fuck no. They NEED the Land. You have the advantage here, not them! If anything call Brad (above) to be your rep-let him get paid! The lady down the street tried that. They told her to kick rocks. I feel I did the right thing. Quote Link to comment Share on other sites More sharing options...
Sully Posted April 12, 2019 Author Report Share Posted April 12, 2019 Let me know when you're ready for me to come gut the place like a fish. I have multiple houses about to get a refresh. Good to know. I was going to look for someone for this purpose. I have a lot of new stuff in the house. However, depending on what house I end up with, I may take a lot of it myself. I will keep you in mind though. Quote Link to comment Share on other sites More sharing options...
coltboostin Posted April 13, 2019 Report Share Posted April 13, 2019 The lady down the street tried that. They told her to kick rocks. I feel I did the right thing. I'll bet you $100 her house is sold in the next 12 months. Quote Link to comment Share on other sites More sharing options...
RC K9 Posted April 15, 2019 Report Share Posted April 15, 2019 Tell em to take a hike on that 3%. Quote Link to comment Share on other sites More sharing options...
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