Buying Real Estate Questions

What type of analysis will you do for me, in searching for a home to buy?

We will get detailed information from you about what you are looking for in a home. WE will find out what is important to you such as bedrooms, bathrooms, square feet, structure style, garage size, pool, lot size, location of school, employment, shopping, travel, beaches, daycare's, anything that would be of importance to you. Are you looking for something that needs to be fixed up, home that someone else has already updated, a new home or one that needs a few changes.

Then once we find what you are looking for, we will find homes that meet your criteria. We will then can send the listings to to you, you then will make the decision of which ones you think will best fit your needs, and we will go view them we will collaborate about what will ultimately fit you best needs.  If for some reason we do not find one in the first try, we will keep searching for one that fits your wishes.

Can you explain your fee structure when I buy a house with your company?

There are several ways brokers can be paid:

• Seller of home pays fees by way of commission splits
• House Buyer pays fees
• Retainer fees
• Hourly rate
• Percentage fee
• Flat fee

In residential sales, most buyers brokers commissions are paid by the seller in the form of commission splits for the listings broker.  If the broker is not authorized to split the commission the buyers broker will inform the buyer that they will be responsible for paying the commission.

Sellers are primarily concerned with selling their property and netting a certain amount of money from selling their house.   Sellers are usually less concerned about whether their brokers splits commission with a buyers broker or a transaction broker.

The buyer may elect to pay the commission directly to their broker.  However most of the time this does not happen because the lender does not see this as part of the purchase price, and refuses to include it and the buyer would pay it out of pocket at closing. 

Some brokers may charge a retainer fee, usually as a screening device to determine whether a buyer is serious buyer.

Brokers may charge an hourly rate if they feel time is going to be a major factor in finding the property, usually happens with large commercial development.  Or they feel there is a risk that the sale will not take place because there is an unusual nature of the property.

Brokers may charge a percentage fee.  Percentage fees are usually done with
a seller or because the broker has agreed to split his commission with the
buyers broker.

A flat fee is sometimes used and is based on the brokers estimate time of work that will be involved.  A fee is often based on what a buyer expects to pay in contract to a commission which is based on a percentage of the sale price. 

In general we do not charge a fee to when you buy a home from us. Generally brokers who work with buyers are paid a split commission form the listing broker, but sometimes it can be paid by the buyer.

Generally when you purchase a home with Rigler Realty, we are paid on a commission when you close on your new home. We work out the details prior to you even looking at the home.  A commission is usually paid by the seller, the listing Realtor and the seller come to a decision of what commission will be paid. It is usually a percentage of the purchase price, this price usually can range any where from 1-7% however this could be more or less.

There is no set percentage that can be charged because this would be price fixing and against the law and National association of Realtors (NAR) code of ethics.