Broker for owners - benefits / advantages?

  • Erstellt am 2017-08-03 12:12:13

Peanuts74

2017-10-25 14:13:07
  • #1


That’s why the general commission. If the buyer is able to find the owner’s private listing, then he is welcome to buy the house privately.
But if he finds one of the many listings by the broker on the first page of a site (which all cost a lot of money), then the broker has helped him find the house that he otherwise might not have found.
The broker thus incurs costs in advance, although he does not know if he will get them back, and of course has himself paid for that.
Or should the broker place 20 listings so that everyone finds their dream house and then only establish the contact, but end up empty-handed?
And again, there are also enough people who simply commission a broker with the search.
 

arnonyme

2017-10-25 14:26:03
  • #2


What if the seller had to pay the entire commission and this was not circumvented by having the buyer sign a search contract?

That way the agent would definitely receive his commission.
Or am I missing something? Perhaps the fact that many owners would think twice about handing over that much money to an agent.
 

Farilo

2017-10-25 14:32:03
  • #3
Well, the broker only does that indirectly. In the end, the buyer pays (missed profit).
 

ruppsn

2017-10-25 16:23:27
  • #4
You meant "in the end the seller pays," because he supposedly missed out on a profit, right? Even if you keep presenting it that way, it still doesn't make it correct. Whether the seller would achieve the same price without an agent belongs to the realm of speculation and is therefore irrelevant. Could have, would have, chain on a bike. What matters is what actually is – so the question for you: an offer is in place somewhere for a single-family home in the amount of 400k EUR. The note says that upon signing, a broker fee of 3.5% plus VAT is due. Who pays the broker fee here? Or put differently: on which account, besides the 400k EUR, is the amount of the broker fee missing after the transaction? The buyer's or the seller's? The fact is that the buyer pays the fee, but the seller uses the agent's service. And that simply does not add up. I can't go to a restaurant, order lobster, and have the bill paid by the table next to me... Not directed at you: By the way, it also doesn't help to bring up the case that in the event of a search order, the buyer uses the agent's service. That is certainly correct and is rightly charged to the buyer. But that's not what this is about. So what are these smokescreens supposed to accomplish? Are the arguments running out?
 

Farilo

2017-10-25 16:33:38
  • #5

Hello Ruppsn,
I am happy to answer your question.
And I will do so very directly without beating around the bush.

The money for the broker's fee will be missing for both parties.
Explanation: On the one hand, the seller failed to collect it (so something is missing), on the other hand, the buyer paid it (so something is missing).

Now I kindly ask you to answer a question for me as well.

Question:

An offer is available somewhere for a single-family house amounting to 414k EUR. The note states that upon signing, no broker's fee of 3.5% plus VAT is due. Who does not pay the broker's fee here? Or put differently: after the transaction, on which account are the 14k standing beside the 400k? The seller's or the broker's?

And to clarify once again; brokers have an absolute justification! Definitely!
(When I have already described several times further back.)
But certainly not nowadays for "normal" properties in reasonable locations.
 

ruppsn

2017-10-25 18:06:42
  • #6
Hi Farilo,

Sure, I will


Is this a real scenario?

Okay, let’s play along: at the end of the transaction, 414k EUR are in the seller’s account, no question.

But the split into 400k and 14k is totally arbitrary in this case! Why don’t you ask, "Or, put differently: on which account do the 64k end up after the transaction alongside the 350k?" Or: "on which account do the 4k end up after the transaction alongside the 410k?"

In my opinion, you are mixing two issues that have nothing to do with each other.


And here we agree 100%
 

Similar topics
27.05.2011How to plan the process for your own single-family house?22
26.08.2012Small single-family house, little equity but good income, is it at all feasible?11
30.08.2012Real price for single-family house, possibly turnkey28
19.12.2012Suggestion for room layout on the ground floor of a new single-family house26
28.01.2013House construction costs single-family house from 180 sqm11
10.04.2013Is financing for a single-family house feasible?20
09.04.2013New single-family house including carport and garage - realistic cost estimate?11
19.04.2013Budget for the construction of a single-family house with a WU concrete basement27
01.07.2013But no heat pump in a single-family house?15
28.08.2013New single-family house, gas or heat pump, target KfW5529
11.11.2013Cost estimation planning single-family house13
14.09.2013Floor plan/position single-family house, please provide suggestions + tips10
02.12.2015Negotiate commission?22
30.07.2016Single-family house planning with a granny flat - ~230m² - basement - gable roof50
24.06.2017Construction ancillary costs: Bank requires signature from the architect16
19.10.2019Procedure and planning plot + single-family house in MTK22
22.01.2021The invoice contains unauthorized items, how should one proceed?13
28.01.2022Apartment sale - agent search order, still commission for the seller?11
17.07.2022Single-family house: Is the rate realistic? How much house can we afford?177
08.01.2025Problems with subcontractor's invoice19

Oben