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re: Buyer paying the Buyer Agent a fee
Posted on 10/10/16 at 10:06 am to lsu711
Posted on 10/10/16 at 10:06 am to lsu711
I would not pay it. I certainly would not sign a contract that had that language.
The buyer splits commission with the seller. End of story.
Now... I always thought that was stupid.
To me, a better system would be... each side pays their agent whatever they negotiate. Sellers pay 3% to their person, Buyers pay 3% to their person. No conflict of interest, and either side is free to negotiate different terms (or not have representation at all).
Prices would adjust, of course, to this new world.
The buyer splits commission with the seller. End of story.
Now... I always thought that was stupid.
To me, a better system would be... each side pays their agent whatever they negotiate. Sellers pay 3% to their person, Buyers pay 3% to their person. No conflict of interest, and either side is free to negotiate different terms (or not have representation at all).
Prices would adjust, of course, to this new world.
1
Posted on 10/10/16 at 11:13 am to LSUFanHouston
quote:
To me, a better system would be... each side pays their agent whatever they negotiate. Sellers pay 3% to their person, Buyers pay 3% to their person. No conflict of interest, and either side is free to negotiate different terms (or not have representation at all). Prices would adjust, of course, to this new world.
As a buyer I'd rather finance my agents fee into the purchase price, especially at 3.5% interest over 30 years. Closing costs and 20% down is enough cash out of pocket in my book.
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