We are the homebuyer and we are concerned that our real estate agent isn’t getting commission on the sale. Nothing is signed, so there’s time to make changes.
Apparently the seller wants to move out ASAP due to having a sick parent. It’s been on the market for 16 days, ok- so, barely any time. So they’ve freaked out and lowered the price already and to make up for it, they’re taking the commission from the listing agent and our agent.
My husband and I are super uncomfortable with this. Our agent has worked hard. I text him at all hours of the day and he’s been super kind. He’s semi retired and he showed us this house knowing before hand, that he wouldn’t get commission. (We obviously had no clue).
We love this house and we want to put the commission, at least for our agent, back into the contract.
Can we do that? Can we do that with closing cost?
We’re doing a special no down payment loan for “modest income” families. We qualify for a second mortgage that we don’t have to pay back as long as we live in the house for 15 years. It could cover half of this commission...
Is there anything we can do to help our agent?
We’re upset because we work hard at our jobs and we think it’s only right that he gets paid for his hard work.
Anything at all that we can do?
Edit: interesting to note that they took out a mortgage and six months later, refinanced and their mortgage went up $5k. What the heck? They seem irresponsible with money or what’s going on?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/dbmbeb/real_estate_agent_not_getting_commission/
Comments
Post a Comment