The agent, even though the buyer is already provided, will still be doing all the work as if he listed the home, qualified the buyer, brought the buyer to the table, negotiated the contract, ordered the various inspections, dealt with inspectors and contractors for repairs then start and monitor the closing process with a title agent/attorney, which would include the lending agent, right through to closing day. The agent will also still hold the responsibility of keeping all the parties compliant with all the local and national regulations that are part of every real estate transaction. The agent also has to split whatever he charges with the brokerage he works with and carry liability insurance on the transaction. As a Realtor, I also have to manage all of my records/files for seven years, and do my best to protect all the parties in the transaction. Ok, so back to the original question, " If a seller already has a buyer lined up, and just needs an agent to help coordinate all the paperwork and closing, what would a Realtor typically charge?"
In this area you could expect from 2%-4%. Keeping in mind the agent in the example is carrying the same liability they would if they had listed your house but now they will need to represent you as the seller and the buyers in the transaction.
Grace and Peace...
Skip Geiser
(850) 221-6442
The Geiser Team with Main Street Properties
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