bring own agent to builder showroom?

[zzricezz]

Is their any benifits of bring my own agent to the builder showroom? My friends tells me to use fake info because if I do decide to buy I can't bring my own agent into the picture. I know the builder will give commission to my agent, any way to have it past to me if I don't use my agent? This is for buying a house not a condo.

[JAC]

Why would you use an agent for a new build?

[zzricezz]

Why would you use an agent for a new build?

split the commission with the agent? Or if I have an agent friend that would past the commission back to me?

[JAC]

Seems unlikely. In my experience, when you buy a new home, you deal with the agent working for the builder, who presumably is paid by commission.

[Friday5PM]

Some builders "co-operate" with real estate salesperson or broker and some don't. I think most condo and townhouse builder co-operate with realtors (especially downtown T.O) because they want to sell quickly and there's enough profit to give comm...detached homes...most that I know do not. I would just simply ask the builder: "Do you co-operate with real eastate salesperson?"

*co-operate means give commission to realtors.

[Friday5PM]

If they say yes, we co-operate, then you know what to do right

[sunnybono]

Is their any benifits of bring my own agent to the builder showroom? My friends tells me to use fake info because if I do decide to buy I can't bring my own agent into the picture. I know the builder will give commission to my agent, any way to have it past to me if I don't use my agent? This is for buying a house not a condo.

The commission cheque is made payable to the real estate broker who would normally take his cut and then pay the agent. Taking your agent to a builder site is a waste of your time. There is nothing there that he can negoitiate that you can't directly with the builder!!!!

sk

[saw_mui]

The commission cheque is made payable to the real estate broker who would normally take his cut and then pay the agent. Taking your agent to a builder site is a waste of your time. There is nothing there that he can negoitiate that you can't directly with the builder!!!!

sk

I thought the same way at first...however, sometimes the agent is able to suggest things that the owner might miss...

Also, sometimes there are discounts with agents..say you are buying and selling with the same agent. There are also agents that refer you to lawyers and you might get discounts that way as well.

I basically will take an agent to the builder to split the commission. Also, for those ppl that don't know much about housing...it might help as well.

There is no harm to bring the agent as you are not the one that is paying them.

in the restate enviro now....a lot of builders are willing to do agent referrals.

It would be best if you found someone that already brought as well..as both of you would have incentives.

[Friday5PM]

If they co-operate bring your agent and see if you can split the comm, if not, I'd still try to negotiate 3-5%. which area are you looking?

[saw_mui]

If they co-operate bring your agent and see if you can split the comm, if not, I'd still try to negotiate 3-5%. which area are you looking?

when i say split the comm. i mean you and the agent deals it out before hand and not at the sales office.

you can always call the builder to ask if they do agent referrals or not

[Friday5PM]

when i say split the comm. i mean you and the agent deals it out before hand and not at the sales office.

you can always call the builder to ask if they do agent referrals or not

Yea, I would ask the agent to split 50/50 (in writing) since I do some work too. Or simply ask if they co-operate and find out the % and just deduct that from your offer.

[Friday5PM]

by the way co-operate is a correct term, they would understand what that means

[saw_mui]

by the way co-operate is a correct term, they would understand what that means

co-operate with agents or agent referrals are both fine.

[Friday5PM]

co-operate with agents or agent referrals are both fine.

co-operate means they agree to give comm to the cooperating (other) brokerage

agent referral means agent referring clients to other agent http://www.lorrainejordan.com/pdf/orea_referral_agreement.pdf

[saw_mui]

co-operate means they agree to give comm to the cooperating (other) brokerage

agent referral means agent referring clients to other agent http://www.lorrainejordan.com/pdf/orea_referral_agreement.pdf

you need to know a lot of ppl don't know the proper terminalogy anyways...

i've even just heard ppl say can i bring in my own agent...or if i have an agent then what...

so as long as the builder understands what you are saying...its fine

[Friday5PM]

you need to know a lot of ppl don't know the proper terminalogy anyways...

i've even just heard ppl say can i bring in my own agent...or if i have an agent then what...

so as long as the builder understands what you are saying...its fine

Hope you don't take this the wrong way, I personally would use the right terminology when talking to any builder, so they'll see that you're a pro in real estate. Be educated and confident when negotiating your offer. Good luck and happy house hunting.

[saw_mui]

Hope you don't take this the wrong way, I personally would use the right terminology when talking to any builder, so they'll see that you're a pro in real estate. Be educated and confident when negotiating your offer. Good luck and happy house hunting.

No worries about me..i guarantee you i know more than the avg joe with new houses.

I have to control even what is say to them so they dont' think i'm an agent ;)

[Friday5PM]

No worries about me..i guarantee you i know more than the avg joe with new houses.

I have to control even what is say to them so they dont' think i'm an agent ;)

cool :) would you bring an agent or just find out if they give out commission (and try to deduct that from your offer)? I think most new home (detached) builder doesn't cooperate, do you still offer less? Some builder selling agent won't even write the offer if it's less than price listed. by the way I checked out cathedral town, very nice, new house development also pricey...do you like this area better than oak ridge?

[saw_mui]

cool :) would you bring an agent or just find out if they give out commission (and try to deduct that from your offer)? I think most new home (detached) builder doesn't cooperate, do you still offer less? Some builder selling agent won't even write the offer if it's less than price listed. by the way I checked out cathedral town, very nice, new house development also pricey...do you like this area better than oak ridge?

i would call the builder to ask if they deal with agents or not.

At this economic state...a lot of builders will cooperate with agents. You also need to remember not to rely too much on ur agent..as they might misrepresent some builder...due to commission (some give a flat rate..some give 2% of sale).

In regards to pricing..i am not surprised...some builder say no negotiations in pricing (its very common not to adjust the price). What you might be able to do is waive any premium charges that are applicable to the lot, some additional upgrade values or some structural changes that you wanted done.

I like how cathedral town is..its very cute...but..very pricey :(

good luck!