James's Discussions

Sellers negotiator fee

Started this discussion. Last reply by Smitty Jan 10. 73 Replies

HiWe are a buyer and we found out sellers listing agent outsourced the negotiation to a third party. What's the typical fee these third party negotiators charge?Thanks in advanceContinue

Sellers attorney /negotiator asking large fee

Started this discussion. Last reply by Glenn G Jan 8. 19 Replies

HiWe are buyer and received the number from our lender but the sellers attorney is asking for about 9% in fee in addition to lenders amount. Is this normal? My understanding was that lender amount…Continue

Short sale third lien with high counter

Started this discussion. Last reply by SSbuyer Dec 5, 2011. 3 Replies

Hi we are buyer of a short sale with three liens. We got lenders response back from first and third lien holders. Third lien came back with high non negotiable amount. Based on the value of the home,…Continue

 

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Smitty replied to James's discussion Sellers negotiator fee
"Thanks Stephen!!  Not that I'm in Florida, but it is good to know."
Jan 10
Bryant Tutas replied to James's discussion Sellers negotiator fee
"Good stuff Stephen. These conversations are always valuable and are why we started this network."
Jan 10
Thom Colby 888-391-5245 CA Brkr replied to James's discussion Sellers negotiator fee
"Stephen,   Thanks for posting this!   Best, Thom Colby Broker Newport Beach & Palm Desert CA"
Jan 10
Jeff Payne replied to James's discussion Sellers negotiator fee
"Thanks for the clarification, we appreciate your contributions to this site"
Jan 10
Stephen B. McWilliam replied to James's discussion Sellers negotiator fee
"I apologize for the delay in my reply.  I actually had some business to attend to and needed to connect with some in authority on this issue.  I was partly wrong;  Florida real estate licensee are now legally authorized to…"
Jan 10
Kevin - Greenville, SC replied to James's discussion Sellers negotiator fee
"Sadly, It's the Banks who have the clout over the ..... and the ....."
Jan 9
Smitty replied to James's discussion Sellers negotiator fee
"Ugg...sorry crazy day. That's perfectly fine.  My fees are paid in cash at closing.  If the buyer wants to reduce their price the cost of the negotiation fee, that's what we encourage.  My example of seller concession vs.…"
Jan 9
Bryant Tutas replied to James's discussion Sellers negotiator fee
"I agree. I do feel I get my monies worth from FAR though. They have some good benefits."
Jan 9
Jeff Payne replied to James's discussion Sellers negotiator fee
"Bryant, I tend to agree with you. By the time NAR and FAR figure this thing out it will be too little too late.  You would think that FAR and NAR would have the clout or connections to actually get the banks to work with us in a more non…"
Jan 9
Bryant Tutas replied to James's discussion Sellers negotiator fee
"Stephen is a good guy. I've known him for years and we have been arguing for years :)"
Jan 9
Bryant Tutas replied to James's discussion Sellers negotiator fee
"Stephen. FAR legal STILL (after almost 5 years) has not even been able to produce a decent short sale addendum for its members to use. Why does the Far/Bar SS addendum have a field dictating whether or not the seller can accept a back up offer?…"
Jan 9
Jeff Payne replied to James's discussion Sellers negotiator fee
"I understand and appreciate Stephen's input, I just believe that it is his opinion and he is entitled to his opinion.  He wants a CYA by not doing short sales himself as he advocates for attorneys to do them and that is OK for him, just…"
Jan 9
Jeff Payne replied to James's discussion Sellers negotiator fee
"Boiler UP!   I understand what Stephen is trying to say, I really do, I just don't necessarily agree with it as it is his opinion and not based on any case law."
Jan 9
Bryant Tutas replied to James's discussion Sellers negotiator fee
"Damn Jeff!! You mean NAR is pushing it members to operate illegally? Shame on them! Anything to sell a designation. But in all fairness, Stephen did say we can negotiate short sales. We just can't charge extra to do so."
Jan 9
Sheyenne Schultz replied to James's discussion Sellers negotiator fee
"Jeff  Hey, I'm a fellow Purdue grad too. Howdy! In relation to Stephen....this thread is getting exhausting as it drones on and on  on an issue that I DO see what Stephen is trying to say, for we have had people in his…"
Jan 9
Donna McClelland replied to James's discussion Sellers negotiator fee
"Excellent point, Jeff!  "
Jan 9

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So
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