If we sell our house for sale by owner who do we have to pay?

Do we have to pay a buying agentIf we sell our house for sale by owner who do we have to pay?
I have sold several homes without using a real estate agent. You don't have to pay a real estate agent any fees, even when they are representing the buyer.





An agent representing a buyer is a contract between the buyer and the agent, not you. Let the buyer settle up with his agent, it doesn't involve you unless you let it, by signing an agreement to pay the buyers agent.





If you should decide to not sell it yourself and use an agent to sell the house, then you owe your agent a fee. Your agent will share that fee with the buyers agent. You will not have to pay two fees.If we sell our house for sale by owner who do we have to pay?
While many homeowners have sold their homes themselves, there are many issues that you need to consider. Escrow; who will hold the buyer's earnest money deposit? Contract; generic forms are available at office supply stores, but they're not much more than ';I agree to sell and you agree to buy'; forms. A contract must cover issues as potential title problems, title insurance, inspection, default and default penalties, closing costs and closing agent to name a few. Marketing; it can be expensive advertising your home. Yes, if you list your home you will have to pay a commission, but the listing Realtor is there to help you with these issues and the biggest reason for listing is the marketing exposure through MLS. Many MLS sites also offer exposure (through realtor.com) to public sites. So it's not just other Realtors that see your home, but the general public also. I think you will find there are more reasons than not to list.





realtor.sailor
You don't say where the property you are selling is located, but in the US typically there are certain costs that you will have. Other costs are usually negotiated in the contract. As a FSBO, whether you pay a buyer's agent commission is negotiated in the contract.





Typical costs can include: Title Co closing costs, including closing fees, attorney fees to prepare documents (does NOT rep. you or the buyer), release of lien fee, fee for the payoff statement(s) from your lien holder(s) if you have mortgage loan(s) or other liens on the title, pro-rated property taxes from Jan 1 thru day of closing, courier fees, etc. Of course, you will have deductions to pay-off any mortgage loan(s) on the property. You may find there are other fees that are typical in your area.





I suggest you contact the title co. or lawyer you will use to give you an estimate of the costs you can expect for your local area.





These are just ideas of costs at closing that you may have. I am not suggesting what other costs you may have in advertising/marketing your property for sale or as a result of negotiations of an offer.
If such an agent brings you a buyer, you will end up paying in one form or another. You can either agree to pay the buyer agent fee, OR you can expect offers to be lowered by the amount of the buyer agent fee, which the buyer will then pay.





No buyer is going to swallow the fees involved to help YOU not pay for real estate services, as a seller.
You will have to pay the buyer's agent a percentage of the sale price and hopefully you will hire yourself an attorney, so you will have to pay them as well.
Ranger c
This in itself tells me you do not know what you are doing.