☼High☼Voltage☼Blonde☼
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Protect yourself and have a Realtor represent you. YOU shouldn't pay the Realtor anything. The commission will already be factored in by the seller & their Realtor; when they sell the property - possibly to you.
The beauty of using a Realtor as a buyer is you pay nothing. If they try to charge you any transaction/processing fees - tell them no. They can cover that for you with their commission (usually no more than $500.00) Depending on the area you live in, the Realtor will earn 2.5 - 3.0% of the purchase price for overseeing the transaction from the writing of the offer, negotiations, escrow process, inspections, appraisal review and closing.
Good luck and be represented - the seller will be! |
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frankie b
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Your Realtor is of no cost to the buyer. The seller pays the Realtors at the closing. There should be no fees to you from the broker. Make sure to get a Realtor, don't listen to these clowns about saving money with out them. I have 2 points on that.
A.) when was the last time you saw a for sale by owner under priced from the rest? In this market most are over priced because they are pulling prices from the sky. What their "sister" got for hers last year.
B.) You always want representation, especially when your making the biggest investment of your life. Would you go to a murder trial representing yourself, or would you hire a lawyer? Or how about trying to do your own root canal, that would be fun right? HIRE A PROFESSIONAL PLEASE!!!! DO YOURSELF THE FAVOR |
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lumberman57
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The Realtor's commission comes out of the sellers end. It is figured into the listing price. Whatever you and the seller agree on, the Realtor's commission is in there.If you use a Realtor, the 2 Realtors split the commission. So,if the property is listed by a Realtor,get your own to make an offer. You might save some money. Don't use the Realtor that has the property listed. That is the biggest mistake most people make. That Realtor is not representing you.Get your own Realtor. |
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mpbrady26
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Realtors get paid by the seller, so you won't have to pay them anything. You can also get a realtor to represent you as your agent, and the seller still pays....that's the way it works in the US anyways |
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Lance
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The listing agency gets a percentage of the sale price. The individual Realtor then gets paid by the agency (his employer) either by salary, commission or percentage, or a combination thereof. |
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Nancy Kay
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Traditionally the realtors are both paid out of the commission that the Seller pays (typically 5 or 6 percent split between the agents). Buyers don't usually pay sales commissions. They do pay mortgage brokers a commission or fee for assisting in the financing, but you do not pay your real estate agent. |
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Omni D
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They get a commission based on the sales price...here (Ohio), you can expect to pay 6% if you're a seller. |
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Z to Da Q
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they get a cut of the money. |
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dream*within*a*dream
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Buyers don't have to pay their realtor anything. The sellers are the ones who pay the buyers realtor. |
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gypsie_spiryt
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The seller is the one who pays the Realtor. If you purchase a house, your Realtor will get a percentage of the price you paid from the seller.
It typically costs a seller 6% of the price the house sold for to pay for the Realtor(s). The seller's Realtor would get 3% and the buyers Realtor would get 3%. So in actuallity, you do not pay the realtor if you are the buyer. |
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Jay J
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You dont. The buyer pays them for getting you to but it. They get paid out of the sellers proceeds at closing. |
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cfrichmond
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From what I've read, the seller usually ends up paying this person (officially you may be responsible, but in most cases the seller pays). They pay their listing agent, and then the listing agent ends up splitting their commission with the person who brought you to the house. |
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missblackasian
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they get payed on a commision how much they get paid depends on how much they sell. they get payed when u pay down payment they get a fraction of dat |
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cottagstan
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Normally, sellers offer a commission to the listing broker, who then offers to cooperate and pay a portion of that commission to the buyer's Realtor. In this scenario, it costs the buyer nothing for their Realtor's service.
Occasionally, however, a buyer may sign a "Buyers Agency" agreement, whereby a buyer's Realtor is assured a commission, even if not offered one by the seller, such as in a "for sale by owner" situation. In this case, the buyer would be obligated to pay a commission, perhaps 3% is normal in this case.
In the long run, by working with a Realtor, a buyer will do better since he can rely on the experience and guidance of the Realtor to assure that he is buying at the best terms possible, and negotiating the best price for the property. |
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folklore
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Ask them first. You realize that a realtor is working for the seller?
You're being taken around by the person who stands to benefit from your buying the house. Keep that in mind when they're being real nice to you. |
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mikearion
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The Realtors are paid by the seller. However, that is part of the cost of selling and is passed on to you the buyer. Unless you buy a for sale by owner house you will be feeling the cost of the agent's commissions in your purchase. |
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Calvin P
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yes |
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TNL
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they usually have a set percentage. If it were possible I would try not to have to go through a realtor |
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