4 ms·
Was this in the US or Canada? I've never heard of that in the US. The buyer 'pays' because the seller puts in the cost of the agent into their asking price, b
by WirelessGigabit 3y ago
Was this in the US or Canada?
I've never heard of that in the US.
The buyer 'pays' because the seller puts in the cost of the agent into their asking price, but it's never asked on top of that.
In fact, unlike in Belgium where you need to add another 10%-12.5% over the asking price because the government wants a slice of your hard-earned money AGAIN.
- jacquesm 3y agoCanada. > The buyer 'pays' because the seller puts in the cost of the agent into their asking price, but it's never asked on top of that. No, this was 'buyer pays fees'. > In fact, unlike in Belgium where you need to add another 10%-12.5% over the asking price because the government wants a slice of your hard-earned money AGAIN. The same in NL, transfer tax. And that really adds up with present day real estate prices.
- WirelessGigabit 3y agoMarketplace did a piece on those buyer fees: https://www.youtube.com/watch?v=ShBvRe0Jv68 https://www.youtube.com/watch?v=ShBvRe0Jv68
- jacquesm 3y agoThere is something fundamentally wrong about these: for one the buyer doesn't normally get to negotiate the sellers fees, for another there is a conflict of interest: the sellers realtor should be working for them and should be paid by them. If I'm paying for the realtor, they're working for me. Haven't met a realtor that I liked yet. Worse than car sales people.