Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply
Hourly Buyer's Agent
I have a couple of real estate deals where I don't feel I need any assistance from a buyer's perspecitve. One of the properties I am looking at is an investment and the other would be a primary residence.
I know the area, know the properties and feel I know the market. I am not sure if this is possible, but my ideal situation is to pay a broker/agent on an hourly basis for all time spent and in return the overall deal would be reduced by the buyer's agent commision that is typically 2.5%.
The agent may have to attend a walk through, participate in negotiations, attend the closing etc. All time spent would be paid for on an agreed upon hourly rate.
Is this type of relationship possible and if so is there anyone in the Downers Grove area I might contact?
Most Popular Reply

Just know that if you do get an agent to agree to a scenario like this, it will be a bottom feeder. I hope you're not expecting top notch service. Besides, sellers pay realtor commissions, you wouldn't be on the hook for any money as a buyer.