Would a realtor do this and what would it cost me?

**lislog** · 05-13-2009, 01:43 PM

My mother recently purchased a condo. I, in turn, am planning on buying her house. My neighbor is planning on buying my house. My question is this: Since I have basically sold my house myself, can I hire a realtor to help me with the rest of the process...purchase agreement, title work, closing, etc? What can I expect to pay? Surely, I will not have to pay the normal comission.

**minnesota-mls** · 05-13-2009, 02:01 PM

Here in Minnesota, one can certainly work as a "facilitator" to help a buyer and seller put together the paperwork on a transaction.

I would recommend contacting a few real estate agents in your area to ask what they would charge to work as a facilitator. It would be at a reduced commission and fee structure of course.

I hope this helps!

**RedCarpetSchool** · 05-13-2009, 02:02 PM

Commission for that can always be negotiate. One thing that I have always noticed that there never is just a simple transaction something is going to wrong and you are going to need the Real estate agent to help solve the problem. Remember that some real estate agents out there come with a tool box of solutions and contacts to make sure that a closing will go through and close. The more you pay will be a direct result of how much your agent will do for you.

**jamesww** · 05-13-2009, 06:34 PM

If you need paper work done and the closing process handled expect to pay around 2%.

**marf1273** · 05-13-2009, 10:58 PM

Right. You will be paying only a small percentage lower than the regular commission. It depends on your agreement with your realtor. Just be honest and negotiate well to get a better deal. The paper work involved in buying and selling a property can be time consuming and sometimes, two heads are better than one.

**luke8000road** · 05-14-2009, 03:52 AM

make an agreement with your realtor

**fmike630** · 05-14-2009, 04:34 AM

attorney and pay a flat fee!

**REITrainingWhse** · 05-14-2009, 05:31 PM

Originally Posted by fmike630

attorney and pay a flat fee!

EXACTLY what I was going to say... Get a attorney, they will do all the paperwork and it is CHEAP... I would expect $150 - $250, unless you get real fancy, but if you said it was pretty much a done deal, the attoney could whip them up in an hour or so.

A side note: I have done SO MANY transactions, that I can do all the forms myself, while sleeping or watching a good movie.

If you are going to be active in RE investing, I would strongly suggest that you read the forms back, forth and sideways... Both filled out and blank, so that you get comfortable doing them in the future. Just a suggestion.

Later!!

**Greg** · 05-16-2009, 10:23 AM

Shop prices between some agents and some attorneys. The attorneys around here wouldn't touch this for less than $500 a side and you have 3 sides to get done.

Make sure you get a title search and title insurance when you buy your moms house. The title could be defective since before she owned it.

**White Bear Lake MN Homes** · 08-22-2010, 05:52 PM

This is all good info posted above. As a real estate agent, I have been asked to help in a situation very similar to this. I simply charged a flat rate for each of the transactions involved. Real estate agent commissions are negotiable. Good luck!