Hey , I live in Michigan and I am buying a home for $87,000. It is NOT a bank owned but it is private owned. My agent works for Max Broock and the other agent is with Century 21. So, Who pays the commission to the agents?? Me the (buyer) or the Seller of the home..??
I believe that it's the seller of the home. The commission will come from the price of the house then probably they have talked about the percentage that the agent will get from it.
It can be argued and, quite rightfully so, that the buyer always pays the commission. Why? Because it's typically part of the sales price. If the seller did not sign an agreement to pay a commission, the sales price might have been lowered. And therein lies the appeal of buying homes through unrepresented sellers because, given the same logic, those prices should reflect a net sales price without a commission. But those sellers haven't quite figured this out yet which causes potential buyers of those listings to be consistently disappointed.
buy a home on a whim or impulse a business transaction requiring great care.Working with a [url=http://www.margenau.com/]real estate agent [/url] costs you nothing.
clxkzj
07-21-2009 @ 10:24 PM