longtimefirsttime's Profile
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April 28, 2009
FSBO / buyer's broker
I'm a prospective first-time buyer and after months of going to open houses I have found a FSBO condo I'm interested in. I do not have a buyer's broker though I have discussed with one agent the possibility of signing on with him. My questions: 1) do I dare try to complete a transaction without a broker on either side? Bear in mind I know very little about the process, though I'm willing to put in some time. 2) If I do use a broker, is his commission 3%? 3) Who usually pays that commission? My understanding is that it is the seller's responsibility but the seller might refuse to pay it as part of the negotiation process.
Any insight much appreciated.
Author's Comments
Out of curiosity, why would someone create a fake post with this question? I'm pretty new to the forum, so I'm asking honestly, not rhetorically.
Posted by: longtimefirsttime at May 8, 2009 6:48 PM in response to Stuyvesant Heights Brownstone VS Clinton Hills Condo
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I just discovered this old thread, and my husband and I are having a similar dilemma. Of course no one can decide for us but we'd love some feedback. We are currently interested in purchasing a 2 family townhouse on Jefferson Ave btwn. Malcolm X and Patchen. The house is beautiful, but we're not sure about the area. Several people have told us that we shouldn't go past Stuyvesant Ave. We've gone by the house many many times - at night during the week and on weekends, in the afternoon, weekend mornings, etc. No one has every bothered us, in fact most individuals are friendly or otherwise just mind their own.
Our other option is to buy a one-family in Bay Ridge - totally different area: tons of anemities, the water, bigger park areas (we have a dog who likes to run around in the park). However, with the Bed Stuy house we can get the rental income.
We are so totally confused! We do love the Bed Stuy house. BTW, I grew up in Brooklyn (I'm Italian American and a teacher); my husband is British (both white). We currently are renting in DUMBO. Thanks for any food for thought.
Posted by: Bubble at November 17, 2009 12:00 PM in response to Stuyvesant Heights Brownstone VS Clinton Hills Condo
Contact information for Richard Perry, please!
Posted by: longtimefirsttime at June 3, 2009 10:16 AM in response to How to hire a building inspector