3 ms·
Hmmm, let's see. Services of a home inspector, who will diligently inspect all visible areas of a home and give you a pretty good idea of almost all foreseeabl
by jellicle 14y ago
Hmmm, let's see.
Services of a home inspector, who will diligently inspect all visible areas of a home and give you a pretty good idea of almost all foreseeable problems with a house, output being a binder filled with inspection notes and possible problems: $500.
Services of a real estate agent, who will drive you to houses and unlock the door for you: 6% of transaction cost, equalling about $30,000 for an average purchase in my area.
- amalag 14y agoIn my area there are good agents who will do it for 2-3%. I used such an agent as a buyer for a 2% rebate. He knows the area well because he does a lot of volume as you can imagine. Some states do not allow the broker rebates though.
- quesera 14y agoAnd fwiw, the percentage is at the seller's discretion, and the selling agent decides how to share it with the buyers agent (generally with agreement from the seller). Both agents split the commission with their agency, so by the time it all percolates out, the agents get between 1 and 1.5% of the sale price. With that income, they pay for their local association membership, marketing, etc. On some transactions, they do well for their time and money invested. On others, they do not. Picky buyers will starve any agent. Seems like it'd be a smart move to only represent sellers.
- Domenic_S 14y agothe 6% is for both sides (buyer/seller), so it's only 3% for the buyer's agent that you're talking about. Still ridiculous.