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Updated almost 8 years ago on . Most recent reply

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Dorit Harrell
  • Investor
  • Garden Grove, CA
0
Votes |
8
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Buying agent hosting an open house for listing agent?

Dorit Harrell
  • Investor
  • Garden Grove, CA
Posted

I'm hoping to get some feedback and perspective on this offer that was made to us. My husband and I are rehabbers and my husband also has a broker's license, so when we finish a project, we list it under his broker license and we hold open houses as the agent and owner of the property. We just put a beautiful house in Garden Grove on the market on Friday and today received an offer from a local buying agent with a well known firm that he would like to hold open houses for us Friday, Saturday and Sunday this weekend in order to get a buyer and earn the 2.5% commission we're offering and that on top of that he will throw us an extra $500 for allowing him to do this. I have all sorts of alarms going off in my head but can anyone tell me if this is typical or something I shouldn't be worried about?

Most Popular Reply

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14
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9
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Michael Cooper
  • Property Manager
  • San Diego, CA
9
Votes |
14
Posts
Michael Cooper
  • Property Manager
  • San Diego, CA
Replied

Happens a lot.  A good, hungry agents know there's a good chance they can pick up a buyer (and maybe a seller in the neighborhood) at you open house, Especially for a remodeled home in Garden Grove.

You definitely have to vet  him and make sure he is professional and capable - he is representing your home to the market. You might also want to talk to him about bird-dogging deals for you - he sounds like a real go-getter!

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