Gday
Last week I learnt from my neighbor that he is putting his property on the market in Feb next year. I am interested in buying it and asked if he would entertain an offer from me now. He said maybe. I spoke to him again today and he said that he had already signed a contract with a real estate agent to sell it at auction next year and that even if i buy it from him without being introduced by the agent he will have to pay the agent the usual commission.
For those on the forum with knowledge of contracts does this sound correct? Also for apartment that goes for ~$1m what would the rough fee be that the vendor pays the agent?
Thanks.
Pele.
Last week I learnt from my neighbor that he is putting his property on the market in Feb next year. I am interested in buying it and asked if he would entertain an offer from me now. He said maybe. I spoke to him again today and he said that he had already signed a contract with a real estate agent to sell it at auction next year and that even if i buy it from him without being introduced by the agent he will have to pay the agent the usual commission.
For those on the forum with knowledge of contracts does this sound correct? Also for apartment that goes for ~$1m what would the rough fee be that the vendor pays the agent?
Thanks.
Pele.