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Updated about 8 years ago on . Most recent reply

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Randal V.
  • Investor
  • Downers Grove, IL
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Hourly Buyer's Agent

Randal V.
  • Investor
  • Downers Grove, IL
Posted

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?

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Nick C.
  • Specialist
  • Tampa, FL
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Nick C.
  • Specialist
  • Tampa, FL
Replied

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.

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