I listed my home in April. When I filled out the paperwork I opted for 3.5% of the sales price to go to the buyers agent and 3.0% to my selling agent.
After the house did not receive any looks I offered $1000 bonus to any buying agent that has an offer before the end of July.
I've received an offer for my house today from an unrepresented buyer. My agent has told me even though the buyer does not have an agent I will be required to pay the full 6.5% because her office will be doing all of the paperwork. When I asked about the $1000 bonus she said it was negotiable and I responded by saying 'No it is not. There is no buying agent and I will not pay the bonus to you by default.'. She accepted and dropped it.
Due to there not actually being a buyers agent, what are my options to retain the 3.5%? I fully expect to pay 0.025% - 0.05% to cover my agent having to fill out additional paperwork, but not 3.5% of my house's value! I am located in Missouri.
Thank you for any help that may come of this.
After the house did not receive any looks I offered $1000 bonus to any buying agent that has an offer before the end of July.
I've received an offer for my house today from an unrepresented buyer. My agent has told me even though the buyer does not have an agent I will be required to pay the full 6.5% because her office will be doing all of the paperwork. When I asked about the $1000 bonus she said it was negotiable and I responded by saying 'No it is not. There is no buying agent and I will not pay the bonus to you by default.'. She accepted and dropped it.
Due to there not actually being a buyers agent, what are my options to retain the 3.5%? I fully expect to pay 0.025% - 0.05% to cover my agent having to fill out additional paperwork, but not 3.5% of my house's value! I am located in Missouri.
Thank you for any help that may come of this.